Contents tagged with Gas

  • Belarus settles with Russia for gas

    Belarus has paid in full an overdue amount of $726.2 million to the Russian company Gazprom for delivery of gas in 2016-2017, as reported in Gazprom’s press release.

    It was noted that since the beginning of last year, Belarusian consumers have been underpaying the Russian gas company Gazprom Transgaz Belarus, possibly because the price was not calculated according to the formula stipulated in the contract, but from the gas prices in Europe, which at that time fell drastically. In response, …

  • Russian Deputy PM: Belarus owes Russia $600 million for gas

    The debt accrued by Belarusian companies for gas delivered by Russia has reached almost $600 million, according to Deputy Prime Minister Arkady Dvorkovich.

    "We believe that this money should be paid in full," Dvorkovich stressed in a lobby interview with RBC during the Russian Investment Forum in Sochi.

    According to the Deputy Prime Minister, negotiations with the Belarusian side are difficult. "We have a different understanding both of the letter and the spirit of the existing agreement, a …

  • Poland plans to increase gas exports to Ukraine

    In 2016, Poland exported more than 400 million cubic meters of natural gas to Ukraine. That amount may increase many times over in the future, as reported by Radio Poland citing by the deputy head of the oil and gas concern PGNiG, Matthew Wozniak. He noted that gas is sold to Ukraine at a profit and within the framework of a safe payment system.

    “We hope that PGNiG will expand and increase the capacity of its gas pipeline in the Germanovitse station, which links Ukraine to Poland, and thus …

  • Odessa court seizes four floating drilling rigs in the Black Sea that were captured by Russia

    The Primorsky District Court of Odessa seized four floating drilling rigs owned by the Chornomornaftogaz state company that were seized during the Russian annexation of the Crimea.

    This was stated on the January 27th, 2017 Court’s decision that was published in the Unified State Register of court decisions.

    The expropriation was imposed in the framework of criminal proceedings that started on December 14th, 2015, concerning the illegal transportation and the seizing of these rigs.

    Among them …

  • Naftogaz of Ukraine expects to have access to gas from Norway

    Poland plans to begin importing natural gas from Norway as part of their initiative to diversify their gas supply sources. Ukrainian Naftogaz expects to be able to gain access to Norwegian gas as well, as was reported by the Naftogaz press service.

    "The Poles will take action. Norwegian gas, which is likely to come to Poland via the Baltic pipe, will help the Poles, through diversification, to obtain agreements to relieve the political pressure based on gas supplies," the message says.

    Thus, …

  • Russian Defense Ministry summons Ukrainian military attache regarding attack on Ukrainian aircraft

    On Wednesday evening, Russia's Defense Ministry invited the Ukrainian Defense Attaché in Russia for the delivery of a military-diplomatic note in connection with the Ukrainian aircraft’s flyby near the drill towers in the Black Sea. Interfax-Ukraine reported the details.

    "The delivered note emphasized that the actions of the Ukrainian aircraft were regarded as provocative," said the official representative of the Russian Defense Ministry, Major-General Igor Konashenkov. According to him, the …

  • Russian Deputy PM: Russia and Belarus failed to make progress in dispute over gas payments

    Russian Deputy Prime Minister Arkady Dvorkovich said Moscow insists that Minsk pay the full amount owed for gas that Belarus received from Russia last year, TASS reported.

    According to him, no progress has been made in talks between the two countries on the matter.

    "We continue talks; no progress there, the arguments remain unchanged. Settlement options are changing, but as yet we have not found mutually acceptable ones,” Dvorkovich stated.

    "Anyway, we insist on full settlement of the last …

  • French Engie company began to supply Ukraine with gas

    The press service of Ukrtransgaz reported on Thursday that the French energy utility company Engi, started to supply Ukraine with gas as of January 1st. The supply volumes are low – 0.4 million cubic meters per day - and the gas is imported from the territory of Poland via the Hermanowice gas-metering station (an entry point to the gas transportation system).

    The company noted that Engie (formerly GDZ Suez) signed an agreement with Ukrtransgaz in October 2016. According to this agreement, …

  • Naftogaz signs loan agreement with Citi and Deutsche Banks

    The National Joint Stock Company, Naftogaz Ukraine, signed a loan agreement with Citi and Deutsche Banks for a euro-denominated line of credit for the purchase of gas, equivalent to $500 million. The funds must be used solely for the purchase of gas, as reported by the company on Saturday, December 31st. The agreement itself was signed the day before.

    According to Naftogaz’s press service, the credit line is secured by the World Bank, which in turn, is guaranteed by the Ukrainian Government …

  • Border Service of Ukraine: Russian warship blocked the way to drill rigs in the Black Sea

    The State Border Service of Ukraine said that a Russian warship, Pytlivy, is blocking the path to oil rigs in the Black Sea. This was said by the Chief of Staff of the 1st Sea Guard detachment Captain Ihor Zapyantsev at a press conference in Odessa, UNIAN reported.

    According to Zapyantsev, on December 1st, when the border guards conducted a special naval operation in the exclusive (maritime) economic zone in the Odessa gas field located in the Northwestern part of the Black Sea, the Russian …