Contents tagged with Naftogaz of Ukraine

  • 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 …

  • US promises to help Ukraine prepare for possible gas transit shutdown in 2020

    In an interview with an Interfax-Ukraine News Agency, the Counselor for Economic Affairs in US Embassy in Kyiv John Paul Schutte said that the US is ready to help Ukraine prepare for a possible gas transit shutdown in 2020 by the Russian Federation.

    "Ukraine should be prepared in case Russia shuts down gas transit through Ukraine in 2020, as it threatens to do. The United States is ready to help Ukraine prepare for this. Ukrainian companies should take measures to purchase and store gas for …

  • Kyiv: Russia has extracted 9 billion cubic meters of gas from Ukrainian deposits in Crimea

    General Director of the Ukrainain gas company Chornomornaftogaz Svetlana Nezhnova said that Russia had extracted more than 9 billion cubic meters of gas from Ukrainian deposits in the annexed Crimea, reports Krym.Realii.

    According to Nezhnova, now Ukrainian drilling rigs, which Russia had appropriated after the annexation of the Peninsula, are in deplorable condition.

    "To date, Russia has illegally extracted 9.2 billion cubic meters of gas from all the deposits which belong to Ukraine. When I …

  • Russian Gazprom ramps up gas transit through Ukraine by 25%

    The Russian company Gazprom has recently increased the volume of gas it is transporting to Europe through Ukraine by 25%, according to a Facebook post by Andriy Kobolyev, CEO of Naftogaz of Ukraine.

    “The reason for this is the renovation of the Yamal-Europe pipeline (which passes through Belarus)… annually this is the equivalent of around 110 billion cubic meters of gas per year,” he wrote.

    In a matter of days, the daily volume of gas pumped through the Ukrainian gas transport system rose by 6 …

  • Ukraine's Naftogaz to pay 14 million euros to Norwegian lawyers for assistance in lawsuit against Gazprom

    Ukrainian national oil company Naftogaz has signed a contract for legal services in a lawsuit against the Russian gas giant Gazprom. Naftogaz will pay the lawyers of the Norwegian law firm Wikborg Rein Advokatfirma AS 14 million euros, according to Ukrainian Prozorro e-procurement system.

    The cost of the services includes attorneys' fees and the costs of involving witnesses in the court proceeding.

    At the end of January, in Stockholm, the initial hearing in the suit of Naftogaz against the …

  • Naftogaz: Ukraine will lose its gas transit role after Nord Stream 2 is launched

    Nord Stream 2 will reduce demand for Ukraine's gas transportation system, said Head of Naftogaz Andriy Kobolyev in an interview with Ukrainian Channel 5.

    “We will lose the entire transit. Because there is still the Turkish Stream, which will probably be built and launched by the end of 2019,” Kobolyev said. According to him, Ukraine will lose the deterrent against the “Russian aggression” after Nord Steam 2 is put in operation. “It is necessary to analyze this pipeline in terms of war risks …

  • Russia refuses to recognize the Hague Arbitration Court decision on Ukraine's assets in Crimea

    Russia does not recognize the decision the Permanent Court of Arbitration in The Hague confirming Russia's liability for the loss of Naftogaz assets in the annexed Crimea, reports Radio Liberty.

    “The Russian Federation did not participate in these proceedings and does not recognize this partial decision due to the absence of Arbitration Court’s jurisdiction over the Naftogaz and others’ claim against the Russian Federation,” stated the press service of Russia’s Ministry of Justice.

    The …

  • Ukraine's Naftogaz achieves interim victory in the Crimean assets lawsuit against Russia

    Naftogaz of Ukraine has achieved an interim victory in The Hague arbitration in its lawsuit against Russia regarding the seizure of assets in annexed Crimea. On Friday, CEO of Naftogaz of Ukraine Andriy Kobolyev stated at a briefing that the Court recognized that Russia had violated a bilateral agreement on reciprocal investment protection.

    "Naftogaz of Ukraine received the arbitration decision in The Hague where the lawsuit against Russia on the lost assets in the Crimea and on the shelf of …

  • Ukraine's Naftogaz starts collecting Gazprom debt in Luxembourg

    One year after its lawsuit victory against Gazprom at the Arbitration Institute in Stockholm, Naftogaz of Ukraine announced on Facebook that it has started collecting its debt from the Russian company in Luxembourg too.

    “Gazprom has to pay us $4.6 billion in compensation according to the transit contract,” the Ukrainian company’s press service stated, noting that it has already received $2.1 billion in gas. “The remaining amount we have been collecting through an enforcement process in several …

  • Ukraine's Naftogaz hires American lawyers for the Crimean assets case against Russia

    According to the ProZorro public procurement system’s data, the national joint-stock company Naftogaz of Ukraine hired the US law firm Covington & Burling LLP for $5.9 million to protect their rights and interests during the argument settlement with Russia about the seizure of the group’s assets in the Crimea.

    The purchase of the service was part of a contractual procedure to attract skilled and highly qualified legal advisors to ensure the protection of the rights and interests of Ukraine …