Category Archives: Gas

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

Read more

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,

Read more

"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

Read more

"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

Read more

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

Read more

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

Read more

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

Read more

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

Read more

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

Read more

"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

Read more

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

Read more

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,

Read more

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

Read more

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

Read more

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,

Read more
« Older Entries