Contents tagged with Naftogaz of Ukraine

  • Naftogaz: decision of Stockholm arbitration court on Gazprom case reduces the price of Russian gas delivered to Ukraine

    The decision of the Stockholm Arbitration reduces the price of Russian gas for Naftogaz of Ukraine by $ 20 to $50 per thousand cubic meters, in comparison with the old formula price, as stated by the chief commercial director of Naftogaz, Yuriy Vitrenko on ICTV channel

      “A price under the new contract will be significantly lower than the old formula price. Now the difference is about 20$. However, this amount will fluctuate depending on the season, for example, in the second quarter the …

  • European Bank for Reconstruction and Development proposes candidates for the supervisory board of Ukraine's Naftogaz

    The European Bank for Reconstruction and Development (EBRD) has provided Ukraine with a list of new independent candidates for the Supervisory Board of Naftogaz of Ukraine, said the president of the bank, Suma Chakrabarti in an interview with Voice of America.

    "We have provided the government with a list of possible candidates, those who, in our opinion, are interested and will be able to form a new council as soon as possible. We are now waiting for the government's response," Chakrabarti …

  • Head of Naftogaz: Siemens refused to cooperate with Ukraine because of fear of losing Russian orders

    Siemens, under pressure from Russia, refused to continue supplying equipment for the modernization of the Ukrainian gas transportation system (GTS), Interfax-Ukraine reports quoting the head of the board of Naftogaz of Ukraine, Andriy Kobolyev, as saying.

    "The first compressors had already been brought in; they were Siemens compressors. But then Siemens called and said that if we brought them, then we would lose the Russian market," the head of Naftogaz said.

    According to him, the company had …

  • Russian Gazprom supplied 5.6 billion cubic meters of gas to separatists in eastern Ukraine

    The Russian gas company, Gazprom, has supplied 5.6 billion cubic meters of gas to the separatist-held territories of the Donetsk and Luhansk regions since January 2015, as reported by the head of Gazprom, Alexey Miller, RBC news agency reports.

    Gazprom began supplying gas to the uncontrolled territory of Ukraine at the request of Russian Prime Minister Dmitry Medvedev in February 2015. Gas is supplied through the Platovo and Prokhorovka gas measuring stations. The Russian government claimed …

  • Naftogaz breaks with Gazprom

    Naftogaz of Ukraine has no plans to resume purchasing gas from PJSC Gazprom after April 1, 2016, because the price of gas offered by the Russian company for the second quarter of 2016 is higher price than what is offered to Naftogaz by European suppliers, the press service of the Ukrainian company stated.

    It was reported that Gazprom has refused to extend their “winter package” agreement with Naftogaz, that defined the transition conditions for the purchase of Russian gas for Ukraine. …

  • Russian Energy Minister: Ukraine's discount on gas expired on March 31st

    The Russian Minister of Energy, Alexander Novak, reported that the discount on gas given to Ukraine expired in late March, as posted on the website of the Ministry of Energy. It was noted that the amount of the discount during the first quarter of 2016 was $17.77. The final price of gas for Ukraine totaled $212 per thousand cubic meters.

    “As of the 1st of April 2016, the price of gas for Ukraine will be fully in line with a valid contract between Gazprom and Naftogaz of Ukraine,” according to …

  • Three foreigners will be appointed as independent members of the Supervisory Board of Naftogaz

    The Nomination Committee has selected three foreign candidates to hold independent positions on the Supervisory Board of Naftogaz Ukraine, the Minister of Economic Development and Trade of Ukraine, Aivaras Abromavičius, announced at a press conference on Friday, March 25th, the press service of the Ministry reported.

    The supervisory board will consist of five members, three of whom are to be independent, and two are to represent the interests of the state. Approved candidates for the post of …

  • Yatsenyuk: Ukraine no Longer Purchases Gas from Russia

    According to the Prime Minister of Ukraine, Arseniy Yatsenyuk, there are currently about 13 billion m3 of gas in Ukrainian storages.

    Ukraine refused further Russian gas supplies, as stated by the head of the Ukrainian Government, Arseniy Yatsenyuk, in the program "10 minutes with the Prime Minister."

    "On January 1st, the Russian Federation offered gas at the price of $212 per thousand m3. We do not buy gas from Russia, because we purchase gas from the European Union at a cheaper rate than we …