Contents tagged with Naftogaz

  • Ukraine's Naftogaz refuses to terminate transit agreement with Gazprom

    Naftogaz of Ukraine received notice of plans from Russia’s Gazprom to appeal to Stockholm’s arbitration tribunal regarding contracts for the supply and transit of gas. The company considers Gazprom’s proposals unacceptable, said commercial director of Naftogaz Yuriy Vitrenko, as reported by channel 112 Ukraine. He added that there are no grounds for dissolving the gas transit agreement in Kyiv.

    The Ukrainian top manager said that the gas contracts stipulate the procedure for cancelling them. …

  • European Commission offers to mediate negotiations between Naftogaz and Gazprom

    European Commission (EC) Vice-President for Energy Union Maroš Šefčovič noted that the European Commission is ready to mediate to help settle the gas dispute between Ukraine and Russia. This was mentioned in a statement released on the EC website.

    It was specifically noted that Šefčovič had contacted Ukrainian and Russian authorities for telephone-based discussions. Šefčovič spoke with Ukrainian Prime Minister Volodymyr Groysman, Naftogaz CEO Andriy Kobolyev, and Russian Energy Minister …

  • Ukraine received 26.5 mln cubic meters of gas from Europe since the beginning of March

    During the first four days of March, Ukraine received 26.5 million cubic meters of natural gas from European Union countries, as announced by the Ukrainian Ministry of Energy and Coal Industry.

    The Ministry specified that 17 million cubic metres was obtained from Slovakia, 7 million cubic meters from Hungary, and 2.5 million cubic meters from Poland.

    As reported, on March 2nd, the National Joint-Stock company, Naftogaz of Ukraine and the Polish company, PGNiG signed a contract for the urgent …

  • Head of Ukraine's Naftogaz believes termination of Gazprom’s contract was Kremlin’s decision

    Naftogaz CEO Andriy Kobolyev expressed the opinion that Gazprom’s decision to terminate its contracts with the Ukrainian company originated in the Kremlin.

    “The decision to refuse to perform the contract was not made by Gazprom. I believe that it was made in the Kremlin,” Kobolyev said in an interview with The Wall Street Journal.

    According to Kobolyev, Russia reduced the pressure on the gas pipeline for transit to Europe by 20%. The pressure deficiency forced Ukraine to use electric power to …

  • Ukraine and Russia are ready for a dialogue with the European Commission on the gas transit issue

    Ukraine and Russia have prepared for close, consistent communication regarding gas transit issues, RIA Novosti reports, quoting a representative of the European Commission. "Ukraine and Russia have confirmed their readiness to remain in close contact with the European Commission," the source said.

    According to him, the Vice President of the European Commission for Energy Union, Maroš Šefčovič was informed of Gazprom's intention to terminate contracts with Naftogaz. He also added that all …

  • Gazprom not able to suspend gas transit through Ukraine yet

    Despite its statement about the termination of all contracts with Ukraine, Gazprom will not suspend gas transit through Ukraine in the near future, according to a statement made by Gazprom’s Spokesperson, Sergey Kupriyanov, reports RBC news agency.

    “If it was any other way, we would say that openly,” said Kupriyanov when asked if the beginning of the Gazprom-Naftogaz contract termination procedure at the Arbitration Institute of the Stockholm Chamber of Commerce (SCC) would bring an immediate …

  • Ukraine warns the EU about the 'refusal of Russia's Gazprom to fulfill the gas transit contract'

    Ukraine officially warned the European Union that Russia is not adhering to its obligations regarding the transit of gas, and also refuses to comply with the decision of the Stockholm Arbitration Court, as stated by Deputy Foreign Minister of Ukraine, Olena Zerkal on her Facebook page.

    According to Zerkal, Gazprom’s current failure to fulfill its contractual obligations and the refusal to implement the decision of the Stockholm Arbitration Court are an emergent threat to the transit of gas to …

  • Ukrainian President: Ukraine's Naftogaz must have Gazprom’s assets seized if it does not pay according to Stockholm arbitration ruling

    If the Russian company Gazprom does not pay Ukraine as per the Stockholm arbitration court’s ruling, Naftogaz Ukraine must have Gazprom’s assets seized, Ukrainian President Petro Poroshenko said during a session of the National Security and Defense Council in Kyiv.

    “It effectively means that Gazprom must pay Naftogaz just over two and a half billion dollars… If Gazprom does not pay as per the ruling of the Stockholm arbitration court – which it was supposed to start doing yesterday already – …

  • Russia's Gazprom stops gas deliveries to Ukraine

    Gazprom received a prepayment for Russian gas supplies in March 2018 from Naftogaz and returned them to the Ukrainian company, due to the absence of an amendment to the contract, Alexander Medvedev, Deputy Chairman of the Russian gas holding, told journalists.

    "Gazprom has indeed received funds from Naftogaz of Ukraine to pay for March deliveries of gas. However, as they say, an egg is dearest at Easter. Today an additional agreement to the existing contract with the state-run JSC Naftogaz of …

  • Ukraine’s Naftogaz announces victory over Russia’s Gazprom in transit case in Stockholm Arbitration

    Naftogaz reported that it has successfully sued Gazprom for $4.63 billion in a transit dispute at an arbitration court in Stockholm. After deducting payment for already supplied gas, the Russian company must pay $2.56 billion.

    The Arbitration Institute of the Stockholm Chamber of Commerce has partially complied with Naftogaz’s demands, ruling that Gazprom must pay Naftogaz $4.63 billion for its under-delivery according to the transit agreement.

    “Naftogaz was awarded damages of USD 4.63 …