Contents tagged with Vitrenko
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Ukraine prepares $17 billion worth of new claims against Gazprom
Naftogaz is ready to put forward another $17.3 billion in claims against Gazprom after transitioning to the European standard of regulation of the gas industry, announced the company's executive director Yuriy Vitrenko on his Facebook page.
"My team has clearly formulated and submitted for approval to the supervisory board of Naftogaz additional "issues" to Gazprom for the amount of $17.3 billion. There will be a lot of work ahead of us if this is approved," he wrote.
Vitrenko also commented …
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Kremlin offers Ukraine to extend gas transit contract for a year
Russian Minister of Energy Alexander Novak said that Moscow offered Kyiv to extend the current contract for gas transit on existing conditions for a year, but the Ukrainian side didn't respond yet, reports RIA Novosti news agency.
He added that the adjustments could be discussed during the negotiations between the companies. "We don't see any reaction yet. We wait for any comments from the Ukrainian government. Then we will discuss the deal at our meetings," the Minister said.
Earlier, …
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Ukraine negotiates gas supplies from the United States
The head of the Ukrainian state energy company Naftogaz, Andriy Kobolyev, in an interview with the Voice of America, announced that Naftogaz is negotiating with the United States the supply of the American gas to Ukraine.
According to him, the parties are looking "very closely" at this issue. “This is not a final decision yet, but there is interest from both sides,” said Kobolyev and expressed hope that “this interest will be transformed into concrete gas flows.”
On May 1, the head of …
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Ukraine's Naftogaz to offer Gazprom a new transit agreement for ten years
During the press conference of the Ukrainian national gas company Naftogaz, the executive director of the Ukrainian company, Yuriy Vitrenko, announced that in the upcoming negotiations Naftogaz plans to offer Gazprom to book 60 billion cubic meters of transit capacity of the Ukraine gas transmission system for a period of ten years. This press service was broadcast on the official Naftogaz account on Facebook.
He noted that the company would provide a capacity of 90 billion cubic meters per …
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Kremlin claims that gas transit through Ukraine is unprofitable
The Minister of Energy Alexander Novak, in an interview with Gazeta.ru, stated that gas transit through Ukraine to Europe costs Russia 2-2.5 times more than other routes, including Yamal-Europe and Nord Stream-1.
“This is primarily since the Ukrainian gas transport system was created about 50 years ago, the minister explained. Back then the technology was still old, with high depreciation of fixed assets, and large losses during gas transport.”
According to him, the implementation of new …
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Ukraine to spend nearly $6 million on lawyers in Crimea assets court case against Russia
Naftogaz Ukraine intends to procure the services of legal advisers for its lawsuits against Russia in 2019 demanding compensation for seized Crimean assets, the Ukrainian company’s press service reports.
According to a notice on Naftogaz’s official website, the international legal firm Covington & Burling LLP will represent the country’s interests in the lawsuit against Russia for compensation of losses caused by the illegal expropriation of the company’s assets in Crimea.
“We expect the …
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Naftogaz: Gazprom owes Ukraine more than $2.6 billion
The fine for the Russian Gazprom for failure to comply to the Stockholm decision in the case against Naftogaz Ukraine, has reached $110 million, stated at a press conference the Director for Business Development at the National joint-stock company Naftogaz of Ukraine Yuriy Vitrenko, reports Ukrinform.
“By our calculations, the amount for compensation that Gazprom needs to pay us, already exceeds $110 million,” stated Vitrenko. Therefore, Gazprom must pay Ukraine more than $2.6 billion," …
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Gazprom loses appeal in court case with Ukraine's Naftogaz
The Svea Court of Appeal has re-authorized the seizure of Gazprom’s assets in order to collect $2.6 billion in favor of Naftogaz Ukraine.
On Thursday, the Swedish court removed the temporary suspension of the fine enforcement measures, which had been introduced in June at Gazprom’s request, Reuters reports.
The Russian gas company asked to have the original ruling of the Stockholm Arbitration Institute revoked on the basis of external interference in the process. Citing a “world renowned …