Contents tagged with Gazprom
The Stockholm arbitration ruled in Poland's favor in a five-year dispute with Gazprom over the price of gas, reported Polish state-owned oil and gas company PGNiG.
"The Court of Arbitration considered PGNiG's arguments and confirmed that the gas price under the Yamal contract was non-market and overstated," PGNiG said.
Now the Polish company will pay Gazprom for fuel under a new price calculation formula, "which is directly linked to gas prices in the Western European market.
"The court's …
Ukraine is in talks with the United States aimed at preventing Russia from finishing the Nord Stream-2 gas pipeline, said the head of the Ukrainian national oil company, Naftogaz, Andriy Kobolyev.
He believes that "the game is not over yet." "The Russians will try to create their own technical capabilities to complete the pipeline ... We are now discussing how to be sure that this project is buried completely," the top manager said, as quoted by RIA Novosti.
At the same time, Kobolyev made it …
According to a company presentation made for Investor Day, Gazprom’s Nord Stream 2 will supposedly be launched by the end of 2020.
A similar time frame for the completion of the gas pipeline was mentioned in January by Russian President Vladimir Putin, who said that Nord Stream 2 would be operational by the end of 2020 or the start of 2021.
The project involves the construction of two lines of a 1224 km long pipe along the bottom of the Baltic Sea. The pipeline will be used to transport gas …
Naftogaz is considering the possibility of filing new lawsuits against Gazprom, the Ukrainian company’s executive director Yuriy Vitrenko wrote on Facebook.
He said that this could involve a complaint to the European anti-monopoly office regarding Gazprom’s “abuse of its dominant position”, with possible litigation in the EU Court of Justice, as well as an international arbitration in Zurich regarding the new transit contract, on the basis of Swiss law.
Naftogaz might also appeal to the …
The US could soon impose additional sanctions on the Russian energy company Rosneft due to its continued support of the Nicolas Maduro regime in Venezuela. According to the TASS news agency, this was mentioned at a press conference on Wednesday by a high-ranking member of the Donald Trump administration.
According to him, the administration is considering the possibility of including new sanctions against Russia’s largest oil company in its package of “paralyzing” measures against the …
Ukrainian President Volodymyr Zelensky has suggested that the $2.9 billion which Naftogaz received from Gazprom as the result of an arbitration dispute be used for infrastructural and medical projects, the president’s press service reported.
“We are further planning to direct funds towards the construction of roads – that’s our infrastructural priority, towards other infrastructural projects, towards the medical field and towards energy efficiency. One of the plans is to build more than 200 …
Gazprom CEO Alexey Miller said that US sanctions will not stop the Nord Stream 2 gas pipeline from being completed.
According to him, Russia is capable of finishing the project without the involvement of any other countries, although it will take longer.
In a broadcast of the TV channel Russia 1, Miller emphasized that the “technological risks are currently being dealt with using Russian capabilities”.
“There are no technological obstacles to us doing it on our own,” he said.
Gazprom started 2020 by significantly reducing its gas deliveries to Europe. During the first eight days of January, Russian gas exports dropped by 20%, writes Kommersant, citing statistics from gas operators.
Transit through Ukraine has dropped by nearly two thirds, from 262 to 91 million cubic meters per day. On January 7, Gazprom supplied only half the average volume stipulated by its transit contract with Ukraine (180 million cubic meters), even though it will still have to pay for the …
At an awards ceremony yesterday, Belarusian President Alexander Lukashenko said that the situation surrounding the price of Russian gas, in which Russia’s Gazprom earns “three times as much” from supplying fuel to Belarus as to Germany, is abnormal.
Commenting on the gas price negotiations, Lukashenko accused the Russian concern of earning three times as much in Belarus as in Germany. “Is this normal? It’s abnormal,” BelTA cites the president as saying.
The parties have currently agreed to …
In 2019, the transit of Russian gas through Ukraine went up by 3%, even though it was supposed to go down. Kyiv was assisted by Warsaw, which in court managed to have additional restrictions placed on the ground-based continuation of the Nord Stream pipeline in Germany.
According to the operational data of the Ukrainian national oil and gas company UkrTransGaz’s , 89.2 billion cubic meters (bcm) of gas was transported through Ukraine in 2019, 2.7 bcm more than in 2018. The Ukrainian gas …