Category Archives: Gas

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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Reuters: EU’s top court curtails Gazprom access to Nord Stream pipeline link

PGNiG Chief Executive Piotr Wozniak says Ukraine’s negotiating position will improve significantly. Europe’s top court on Tuesday overruled an EU decision allowing Russia’s Gazprom to ship more gas via the Opal gas pipeline, which links its Nord Stream pipeline to Germany. The ruling is politically charged as Poland and other eastern European nations fight Gazprom’s plans to double the capacity

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