Contents tagged with Gaprom

  • Ukraine's Naftogaz appeals suspension of court decision in Gazprom's case

    Naftogaz of Ukraine has appealed to the Stockholm Court of Appeal regarding the suspension of the ruling of the Stockholm Arbitration Court, which was done at Gazprom’s request, reported RIA Novosti, citing the Stockholm Court of Appeal.

    Naftogaz submitted an appeal to review – as a soon as possible – the decision to suspend the implementation of the February 28, 2018 ruling of the Stockholm Arbitration Court concerning the dispute between Naftogaz and Gazprom. It was explained that Naftogaz …

  • Russia's Gazprom raised €1 billion from Japanese and US banks

    Gazprom has concluded an agreement with Japanese and American banks on a five-year loan for €1 billion, as stated in the company’s press release received by RBC.

    Among the creditors of the gas monopoly that signed the agreement were Japan’s banks Mizuho Bank, LTD (Mizuho) and Sumitomo Mitsui Banking Corporation (SMBC), as well as US-based JP Morgan Bank.

    Last March, the company raised €700 million from Credit Agricole Corporate & Investment Bank. In early November, they raised another €700 …

  • The Ministry of Justice of Ukraine announced its intention to recover a fine from Gazprom

    The Ministry of Justice of Ukraine is preparing requests to collect an antimonopoly fine from Gazprom PJSC, as stated at a briefing by Pavel Petrenko, the Ukrainian Minister of Justice, UNN reported.

    According to Petrenko, about USD 3,073,000 million in dividends which Gazprom was owed by Gaztransit PJSC has been recovered and returned to the Ukrainian budget. In addition, a block of Gazprom stock, valued at USD 1.279 million was seized from this company.

    The Minister of Justice of Ukraine …

  • President of Lithuania expects Gazprom to compensate for damage to consumers

    Gazprom should compensate for the damage caused to consumers because of the opaque gas trade, said Lithuanian President Dalia Grybauskaite.

    At a meeting with Vice President of the European Commission Maros Sefcovic, who is responsible for the energy union, Dalia Grybauskaite stressed that in the fight against Gazprom's “opaque monopoly” in the European gas market, “not symbolic steps, but real solutions are needed,” reported news agency Delfi.

    “There should not be differences in the EU in gas …

  • World Bank: Ukraine has removed the middleman in relations with Gazprom

    The World Bank notes that the government of Ukraine has made decisive steps towards removing the middleman between Gazprom and Ukraine in an attempt to root out a major source of corruption. This was stated by the World Bank Country Director for Ukraine, Belarus and Moldova, Europe and Central Asia, Qimiao Fan.

    "The Ukrainian government has already taken some important steps towards transforming the gas market… [by removing things] that resist change in the area that drives reforms. An …

  • Protesters in Georgia Say No to Gazprom

    Another political scandal is growing in Georgia. The authorities cannot give any clear explanation why the country suddenly needed Russian gas when there are no problems with the supply of "blue fuel" from Azerbaijan. Moreover, the Minister of Energy still refuses to elaborate on the details of negotiations with the Gaprom for some reason.

    Former footballer and current chief power engineering specialist Kakha Kaladze at first had denied that there were any negotiations with Gazprom. Then he …