Contents tagged with Gazprom

  • Germany urges the Russia to continue gas transit through Ukraine after 2019

    Germany stressed how important it is to maintain gas transit through Ukraine after 2019, when the current contract expires, said a representative of the German government Steffen Seibert at a briefing in Berlin, as reported by Ukrinform.

     “From our point of view, it is absolutely necessary for Ukraine to remain a transit state. We demand it. It is in our interests and we insist that transit through the country be possible in the future,” Seibert said.

    According to him, Berlin is actively …

  • Ukraine offers Moldova help in bypassing Gazprom and importing gas from the EU

    The Ukrainian national oil and gas company Ukrtransgaz sent Moldova a proposal to delay the construction of the Romania-Moldova interconnector, which makes the Moldovan side vulnerable during its next meeting with Gazprom, as  stated in Ukrtransgaz’ press release.

    It was noted that taking advantage of the Ukrainian gas transmission system would minimize the potential risks associated with possible interruptions in the transit of natural gas from the Russian Federation and guarantee gas …

  • Gazprom offers to settle $2.6 billion dispute with Naftogaz of Ukraine

    The Russian state-controlled gas monopoly Gazprom has offered to sign a settlement agreement with the Ukrainian oil and gas company Naftogaz in order to resolve a long-standing dispute, Russian Energy Minister Alexander Novak told the press.

    In February 2018, the Stockholm Arbitration Institute ordered Gazprom to pay Naftogaz $4.63 billion for failing to supply the volumes of gas stipulated in their transit agreement. Since previously the arbitrators had ordered Kyiv to pay Gazprom $2 billion …

  • Gazprom capitulates in gas dispute with Ukraine

    A gas dispute between Russia and Ukraine, which began with a record drop in prices in 2013 and translated into a reduction and later suspension of supply, will apparently finally end with Gazprom capitulating.

    The Russian gas monopoly is offering to negotiate a deal to resume the direct gas supply to Kyiv, and to extend the contract for transit to Europe that expires in 2019, said Gazprom CEO Alexey Miller.

    The gas prices will be lower, he promised: the cost of gas for the end consumer will …

  • US hits Russia's Gazprom with record LNG production

    The US is continuing to increase its production of Liquefied Natural Gas (LNG), adding to the surplus on the global market that has already caused prices in Asia and Europe to halve, finanz.ru writes.

    Sempra Energy, a joint enterprise between French Total and Japanese Mitsui and Mitsubishi, has announced the launch of the first LNG liquefaction line at the Cameron LNG project.

    The export terminal in Louisiana has a designed capacity of 4.5 million tons of LNG per year. In 2020, the second and …

  • Turkey cuts back Russian gas purchases to ten year low

    Turkey appears to be deliberately purchasing less Russian gas until the Russian gas monopoly Gazprom completes the $7 billion Turkish Stream gas pipeline, reports finanz.ru.

    At the end of the first quarter of 2019, Russia had for the first time in history lost its competitiveness on the Turkish gas market to liquefied natural gas (LNG) from the US, Qatar, Algeria and other countries.

    The total amount of Russian gas bought by Turkish clients, including the state-owned company Botas and …

  • US Ambassador to Germany warns again of Nord Stream 2 sanctions

    In an interview with the publication Focus, US Ambassador to Germany Richard Grenell alluded to the sanctions that Washington could impose on the German companies involved in the Nord Stream 2 gas pipeline project.

    “From an American perspective, the pipeline will bring more than just gas, but also an increased sanction risk,” he said. He pointed out that the pipeline will make EU countries dependent on Russia.

    The American diplomat has repeatedly said that “the companies that operate in the …

  • Ukraine negotiates gas supplies from the United States

    The head of the Ukrainian state energy company Naftogaz, Andriy Kobolyev, in an interview with the Voice of America, announced that Naftogaz is negotiating with the United States the supply of the American gas to Ukraine.

     According to him, the parties are looking "very closely" at this issue. “This is not a final decision yet, but there is interest from both sides,” said Kobolyev and expressed hope that “this interest will be transformed into concrete gas flows.”

    On May 1, the head of …

  • Naftogaz attempts to seizes additional Gazprom assets in Luxembourg

    The Russian gas monopoly Gazprom has disclosed new details on the attempts made by Naftogaz of Ukraine to seize its assets in order to implement the ruling of the Stockholm Arbitration Institute, which ordered Gazprom to pay the Ukrainian company more than $2.5 billion in compensation, Radio Liberty reports.

    According to Gazprom’s latest financial report, on 15 February, Naftogaz notified the Gazprom subsidiary “Gaz Capital” and the largest banks in Luxembourg that all of Gazprom’s assets and …

  • Kremlin: China is interested in increasing gas supplies from Russia

    The Chairman of the Management Committee of Russian energy company Gazprom, Alexey Miller, on the air of the program “Moscow. Kremlin. Putin " said that Gazprom’s Chinese partners from the state-owned oil and gas company the China National Petroleum Corporation (CNPC) show great interest in increasing the supplies beyond the volume agreed in the thirty-year contract, reports news agency TASS.

    The current contract for the supply of Russian gas to China through the Power of Siberia pipeline, …