Contents tagged with Gazprom
Following the declining demand for Russian gas in Europe, plummeting spot prices at gas hubs and a whopping cash gap in the budget, the Russian gas monopoly Gazprom has resorted to selling gas to itself, finanz.ru reports.
In the first half of the year, the company’s gas exports to Europe fell by 8.9%. In the first six days of August, the export volume had dropped by as much as 22%.
Russia’s Interfax news agency reports that Gazprom has been assisted by a mysterious client, which bought …
The CEO of the Ukrainian gas company Naftogaz, Andriy Kobolyev, stated on his Facebook page that gas supplies, which Gazprom used to provide through OPAL gas pipeline, could be conducted through the gas transportation systems (GTS) of Ukraine and Slovakia.
"If Gazprom wants to continue delivering the same gas volumes to the same places as it used to do through the OPAL pipeline, but using a shorter route, the Ukrainian and Slovak gas transportation systems will easily cope with this. Ukrainian …
US Department of Energy will send experts to Ukraine to help Kyiv avoid possible disruptions of energy supplies from Russia, reports US Embassy in Ukraine on its Facebook page. American experts will help to create an action plan for the coming winter season. They will think of ways to respond to energy shortages.
Negotiations between Russia, Ukraine and the European Union on extending the Russian gas transit through Ukraine will take place on September 19. Ukraine's current contract with …
Russia’s gas monopoly Gazprom has initiated a new arbitration case against Naftogaz, since it lost the previous case. By the end of October, the Ukrainian company will present its counterclaims, Naftogaz executive officer Yuriy Vitrenko told UNN in a comment.
“Gazprom has initiated a new arbitration case after it lost the previous one. In the new arbitration case, Gazprom’s demands are essentially that they want to revoke the decision of the previous arbitration case – at least so that they do …
The Court of Justice of the European Union ruled in favor of Poland in its dispute with Russian gas company Gazprom over the Opal pipeline, reports the Polish Energy Ministry on Twitter.
"The court overturned the decision of European Commission, that was giving the Russian concern the right to use the 100% of pipeline," reads the message of the the Polish Energy Ministry. The press service of the court stated that the previous order violated the principle of energy solidarity.
Polish Minister …
The Russian gas monopoly Gazprom said that before a new transit contract with Ukraine can be discussed, arrangements for supplying gas to Ukraine must be made.
During a meeting with Russian President Vladimir Putin, Gazprom CEO Alexey Miller said that “the matter of the transit contract is extremely important, but nevertheless the primary issue is whether or not Ukraine will buy Russian gas on a direct contract”.
According to Miller, this will determine the capacity that Gazprom should …
On Monday, Russian President Vladimir Putin met with Alexey Miller, CEO of the gas monopoly Gazprom, and gave the green light to a new megaproject to supply China with gas.
After the $9 billion Power of Siberia project, which will start pumping gas on December 1, Putin said that Gazprom must work on a pipeline to connect gas fields in Irkutsk, Krasnodar Krai and Yamal to the Chinese market.
The Russian President said that he has repeatedly discussed this matter with the Gazprom CEO and with …
The Russian gas monopoly Gazprom has asked the Kremlin to provide financial assistance for a gas chemical complex and a liquefied gas processing complex that it plans to build close to the port city of Ust-Luga, Vedomosti reports, citing a letter from Gazprom CEO Alexey Miller to Russian Prime Minister Dmitry Medvedev.
According to the newspaper, the letter was sent at the end of May. In it, Miller asked that the projects be given the status of “national importance for the economy”. He …
The hearings concerning the seizure of Gazprom’s assets in the Netherlands will commence in December 2019, according to the Russian gas monopoly’s report for the second quarter of 2019.
The document states that Gazprom’s shares in the Blue Stream Pipeline Company and the debt owed by several subsidiaries in the Netherlands to Gazprom were seized by the Amsterdam District Court on May 30, 2018, based on a request from Naftogaz of Ukraine.
The Ukrainian company is having Gazprom’s assets seized …
Russian gas giant Gazprom stated that 73.6% of the Nord Stream 2 gas pipeline has been build, reports TASS news agency. At the end of June, the company stated that 60% of the pipeline was built.
"The construction of the Nord Stream 2 gas pipeline continues. To date, 1805.6 km of the gas pipeline has been laid on the bottom of the Baltic Sea, accounting for 73.6% of its total length," the report said.
Earlier, media reported that the launch of Nord Stream 2 could be postponed for eight months …