Contents tagged with Russian gas
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Ukraine urges international community to prevent construction of Nord Stream 2
The Verkhovna Rada of Ukraine called on foreign parliaments, governments and the world business community not to participate in the preparation, financing or lobbying of the construction of the Nord Stream 2 gas pipeline.
The resolution (No. 8111) regarding the Verkhovna Rada’s appeal to the international community regarding the inadmissibility of the construction of the Nord Stream 2 gas pipeline and the monopoly of the Russian Federation in the world’s gas markets was supported by 266 people’ …
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European Parliament Deputy: Nord Stream-2 will increase Europe's dependence on Russian gas
Gas has become not just energy, but a strategic weapon, that’s why the Nord Stream-2 project cannot be considered as a purely economic issue, as expressed by European Parliament Deputy, Elmar Brok, during the panel discussion "Ukraine: In the Grip of a Crisis?", Ukrinform reports.
"Gas is not just energy, it has become a strategic weapon. And when Putin holds energy and politics in his own hands, we say that this is purely an economic issue. Putin is laughing at this," Brok said.
He also …
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Russia's Gazprom starts dismantling Turkish Stream pipeline
Gazprom has abandoned the hope of turning the Turkish Stream project into a gas pipeline for mass exportation to Europe.
As Interfax reported on Monday, the Russian gas company is preparing to begin dismantling the Southern Gas Corridor pipelines which were initially constructed for the South Stream and were later transferred to the Turkish Stream.
According to the plan, the Turkish Stream was supposed to supply Turkey and the EU with 63 billion cubic meters of gas per year. However, a …
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Members of European Parliament call on EU to reduce dependence on Russian gas
In a joint statement published on Tuesday, March 6, three Members of the European Parliament (MEPs) expressed the opinion that recent actions by Gazprom should push the European Union (EU) to reduce dependence on gas and oil from Russia. Deutsche Welle has reported on this. These individuals are David McAllister, Chair of the European Parliament’s Foreign Affairs Committee; Dariusz Rosati, Co-Chair of the Delegation to the EU-Ukraine Parliamentary Association Committee; and Michael Gahler, …
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Putin: Nord Stream-2 project is not an alternative to Ukrainian transit route
At the press conference following negotiations with Chancellor of Austria Sebastian Kurz, Russian President Vladimir Putin stated that the Nord Stream-2 gas pipeline project is absolutely, politically unbiased and that it is not an alternative to the Ukrainian gas transit route.
"You know what our position is. We support the implementation of this project, which is entirely politically unbiased. This is absolutely economic, moreover, this project is absolutely commercial," TASS reported the …
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Polish President says he is surprised that EU wants to continue being dependent on Russia's Gazprom
During an official visit to the Lithuanian capital, Polish President Andrzej Duda criticized Nord Stream-2, a gas pipeline between Russia and Germany that would bypass Poland, Ukraine and the Baltic states, Polskie Radio reports.Duda said, "I want to express my surprise that the EU, particularly the more Western members, wants to become dependent on Gazprom, the Russian gas monopoly.”
He said, "We (Poland) have experience [with Russia]. We are also keeping an eye on the experience of Ukraine, …
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Naftogaz: decision of Stockholm arbitration court on Gazprom case reduces the price of Russian gas delivered to Ukraine
The decision of the Stockholm Arbitration reduces the price of Russian gas for Naftogaz of Ukraine by $ 20 to $50 per thousand cubic meters, in comparison with the old formula price, as stated by the chief commercial director of Naftogaz, Yuriy Vitrenko on ICTV channel
“A price under the new contract will be significantly lower than the old formula price. Now the difference is about 20$. However, this amount will fluctuate depending on the season, for example, in the second quarter the …
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Nord Stream 2 shareholders have invested about $3 billion in the project
Paul Corcoran, CFO of the project company Nord Stream 2 AG, has stated that as of the end of 2017, shareholders in Nord Stream 2, including the Russian company Gazprom, have provided approximately $3 billion toward construction of the gas pipeline project along the bottom of the Baltic Sea. This was reported by Interfax.
Gazprom's partner companies in the construction of Nord Stream 2 include Royal Dutch Shell, Engie, OMV, Uniper and Wintershall. They are committed to financing 50% of the …
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Russian liquefied gas delivered to the United States despite sanctions
Despite the new sanctions against Russian energy companies, which the US Treasury announced on Friday, the first batch of Russian-made liquefied natural has been delivered to the United States this weekend.
As confirmed by Luke Pinneo, the representative of the US Coast Guard, the Gazelys tanker belonging to the French company Engie entered the territorial waters of the United States on Wednesday and is currently anchored in the Gulf of Massachusetts, the Voice of America reports.
"They plan …
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Head of Naftogaz: Ukraine is mandated to buy Russian gas
The purchase of Russian gas is beneficial from the point of view of commercial logic, since the court set the price of gas purchases below European market value, stated Andriy Kobolyev, the chairman of the board of Naftogaz of Ukraine on Channel 5 TV.
Kobolyev said, “We have completely annulled $56 billion and this cancellation was not for nothing. The court believes that the contract still exists. Half of the import needs is exactly the balance between Russia and Europe with the line between …