Category Archives: Gas

Turkey cuts purchases of Russian gas by seven times, Germany – by half

Compared to 2018, Russian gas supplies to Turkey fell 14 times. According to the results of March 2020, Russian gas exports to Turkey decreased to 210 million cubic meters from 1.418 billion cubic meters for the same period in 2019. It is reported by Interfax-Ukraine . Compared to 2018, Russian gas supplies to Turkey fell 14 times. Thus, Turkey, previously ranked second among Gazprom’s largest customers,

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Poland receives final permit for construction of Baltic Pipe gas pipeline

The Swedish government has approved the construction of the offshore section of the Baltic Pipe pipeline, through which Norwegian gas will go to Poland, reported the Polish gas pipelines operator Gaz-System, which is building the pipeline together with the Danish company Energinet SOV. About 85 kilometer of pipeline will be in Sweden’s exclusive economic zone. In general, the length of the underwater

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Gazprom blocking gas transit to European companies via Ukraine, GTS operator says

23:50, 08 April 2020 The Ukrainian side has not imposed any restrictions. Russian gas monopoly Gazprom has not allowed a number of European companies to receive gas at the Ukraine-Russia border for its subsequent delivery to Europe via Ukraine. That’s according to the press service of the state-owned Gas Transmission System Operator of Ukraine, citing CEO Serhiy Makogon. A number

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RFE/RL: Poland state gas distributor says it wins $1.5 bln from Russia’s Gazprom in price dispute

A subsidiary of Gazprom said that it had received the Stockholm arbitration ruling and was analyzing it. Poland’s largest distributor of natural gas has announced it won a years-long energy-supply price dispute with Russia’s state-run Gazprom worth $1.5 billion at an international arbitration court in Sweden. Polskie Gornictwo Naftowe i Gazownictwo (PGNiG), itself a Polish state-owned company, said in a

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Naftogaz expects arbitration hearing on Crimea asset losses as early as May

16:10, 15 March 2020 With interest, Naftogaz’s claims against Russia amount to $8 billion. National Joint-Stock Company Naftogaz of Ukraine and six companies that are part of Naftogaz Group are awaiting hearings in May on the amount of compensation for losses as part of the arbitration process launched against Russia regarding the seizure of the company’s assets in Crimea. That’s

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Russia’s Gazprom Says It Will Complete Nord Stream 2 Alone

January 29, 2020 06:41 GMT Russia’s state-owned Gazprom has said it will complete the Nord Stream 2 gas pipeline project under the Baltic Sea on its own without the help of foreign companies. “The Nord Stream 2 project, which is already 94 percent complete, will be finished by the Russian side,” Gazprom deputy head Yelena Burmistrova reportedly told the European

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Germany Helped Secure Russia-Ukraine Gas Transit Contract

While Ukraine initially wanted a 10 year contract, the signed contract is for 5 years After intensive negotiations, the Russian company Gazprom and the Ukrainian company Naftogaz concluded a new contract for gas transit through Ukraine on December 31, 2019. Gas transit through Ukraine is now secured for the next five years. The German Government, together with the European Commission,

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“Very big risk”: Russia may fail to fulfill gas transit promises, Naftogaz admits

The Ukrainian energy company relies on the support of European partners and political support on the part of Ukraine leadership. Naftogaz has admitted there is a risk of Russia ceasing gas transit via Ukraine despite promises made, while Ukraine would have already dropped new claims against Russian Gazprom in international arbitrations, that’s according to Naftogaz Executive Director Yuriy Vitrenko. “If

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“I came up with an agreement between Ukraine and the Russian Federation.” Germany tried to prevent US sanctions against Nord Stream 2 – media

Shortly before the signing by the President of the United States of sanctions against Russian gas pipelines, the German leadership tried to prevent their introduction by providing not entirely true information. This is written by an analyst with the influential German publication Bild Julian Repke. “ To stop the sanctions against the Russian gas pipeline project, the German government at the last moment, obviously, came

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Everyone is a winner after EU-Russia-Ukraine gas talks

An agreement was reached Friday (20 December) on transit rules for Russian gas going through Ukraine. Maroš Šefčovič explains why this is good news for Europe and all parties concerned. Maroš Šefčovič is European Commission Vice-President in charge of foresight. He also leads trilateral gas talks on behalf of the EU. Hat-trick before we ring in the New Year. This

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Russia readiness to sign transit contract could be connected with imminent Nord Stream 2 sanctions – Naftogaz CEO

Russia’s willingness to sign a long-term transit contract with Ukraine under European rules is largely related to the upcoming U.S. sanctions on the Nord Stream 2 gas pipeline, CEO of NJSC Naftogaz Ukrainy Andriy Kobolev has said. “Our counterparties have very serious concerns about the imposition of U.S. sanctions. I definitely know that lobbyists from Gazprom in the U.S. Senate

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Pipeline gas or LNG? Ukraine doesn’t keep all its eggs in one basket

This article is part of our special report Ukraine gas transit: What’s at stake. Ukraine has for decades counted exclusively on Russian pipeline gas, for its own use and for the lucrative transit taxes. But the tensions with Russia after 2014 and the low prices of LNG have changed the paradigm completely. One of the least known secrets is that

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The Secretariat supports certification of the gas transmission system operator of Ukraine

By an Opinion adopted today under the Third Energy Package, the Secretariat confirmed that the newly established gas transmission system operator of Ukraine, GTSO, is unbundled in line with the requirements from European law. Unbundling had been suffering from internal disputes and inertia for many years. Today’s  positive Opinion is essentially the consequence of the recent adoption of a Law

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U.S. might allocate $1 billion for energy security of European countries, including Ukraine

18:52, 14 December 2019 This will make it possible to diversify gas supplies and reduce dependence on Russian energy resources. The US Congress may support a bill that provides for the allocation of $ 1 billion for energy security in Europe, including Ukraine. It is reported by the Government Portal. It is reported that Deputy Prime Minister for European Integration Dmiytro

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“North Stream-2”. Germany urged the US not to impose sanctions

Berlin is in talks with Washington. The German government has urged the US Senate not to approve a defense budget, which imposes sanctions on companies involved in the construction of the Nord Stream-2 pipeline. This was stated by the head of the German Ministry of Foreign Affairs, Gaiko Maas, reports the German edition  Handelsblatt . Maas said that imposing sanctions on the gas

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Zelensky urges to reduce heating tariffs after his rating plunges

After his approval rating took a 12-point hit in one month, President Volodymyr Zelensky appeared to go into a damage-control mode.  On Nov. 30, Zelensky urged the government to find a way to cut the heating tariffs for Ukrainian households – and moreover, to do it immediately.   Utility tariffs, especially prices for gas and central heating, are among the most

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Ukraine, Russia discuss possibility of paying $3 bln under arbitration award by Gazprom – Naftogaz top manager

Ukraine and the Russian Federation are discussing a possibility of making payments under the award of the Arbitration Institute of the Stockholm Chamber of Commerce by Russia’s Gazprom in the form of gas supplies for the amount of $3 billion, Executive Officer of NJSC Naftogaz Ukrainy Yuriy Vitrenko has said. “Minister [Minister of Energy of the Russian Federation Alexander] Novak,

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Ukraine facing $3bn budget revenue shortfall with Russian gas transit contract in limbo

Kiev has missed the opportunity to ink a new profitable gas transit deal with Moscow, Ukrainian politician Victor Medvedchuk said on Friday after another day of fruitless talks between Russia, Ukraine and the EU. With the current agreement set to expire after December 31, “for the moment, there are hardly any mechanisms that could prevent the loss of transit of

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Naftogaz wins appeal against Gazprom in Stockholm Arbitration

Gazprom has appealed against Arbitration Court’s Decision on Fuel Supply Contracts to Ukraine “Naftogaz” wins appeal against “Gasprom” in Stockholm Arbitration. Yuriy Vitrenko, the executive director of NJSC “Naftogaz of Ukraine”, announced this on his Facebook page. Gazprom has appealed against Arbitration Court’s Decision on Fuel Supply Contracts to Ukraine. “Complete victory! Ukraine wins again! We have won the appeal

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Kremlin offers Ukraine to refuse from claims at European courts for conclusion of gas contract

16:16, 29 October 2019 Earlier the trilateral gas talks between Ukraine, Russia and EU on new gas transit contract took place Dmitry Peskov, the Spokesperson of Russian President Vladimir Putin stated that Ukraine should exclude judicial claims from the agenda to reach the agreements on gas transit as TASS reported. “The positions of Russia yesterday (during the trilateral consultations of Russia, EU and Ukraine,

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Ukraine supports EC’s proposal for new gas transit with Russia – Minister Orzhel

The EC proposes a 10-year contract for 60 bcm of gas annually. Ukrainian Minister of Energy and Environmental Protection Oleksiy Orzhel says Ukraine has supported the proposal put forth by the European Commission (EC) on amounts and timeframe of a new gas transit contract with the Russian Federation. “We fully support the position of our European partners, given the clear

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Remarks by Vice-President Maroš Šefčovič following trilateral talks on gas transit with Russia and Ukraine

Brussels, 28 October 2019 We have just concluded the fourth round of trilateral talks at political level on the long-term transit of Russian gas via Ukraine to Europe as of next year. My key message during our meetings, both bilateral and trilateral was: the time is flying and given the date, there is – and there must be – a

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Ukraine’s parliament passes bill on Naftogaz unbundling at first reading

23:49, 18 October 2019 The explanatory note reads the bill is necessary to reform Ukraine’s natural gas and electricity market in order to ensure its liberalization, efficiency, transparency and further integration with the European Union market. The Verkhovna Rada, Ukraine’s parliament, on Friday adopted in the first reading bill No. 2239-1 on the unbundling of the Naftogaz of Ukraine. The

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Russia’s Gazprom starts selling gas to itself

Monday, September 16, 2019 2:00:31 PM Following the declining demand for Russian gas in Europe, plummeting spot prices at gas hubs and a whopping cash gap in the budget, the Russian gas monopoly Gazprom has resorted to selling gas to itself, finanz.ru reports. In the first half of the year, the company’s gas exports to Europe fell by 8.9%. In the first

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