Category Archives: Gazprom

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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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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U.S. sanctions on companies involved in Nord Stream 2 added to draft 2020 NDAA – media

12:59, 24 November 2019 The text of the sanctions provision has not been made public. Sanctions on companies involved in the Nord Stream 2 pipeline have been added to the draft 2020 National Defense Authorization Act, Senate Foreign Relations Committee Chairman Jim Risch told Defense News on the sidelines of the Halifax International Security Forum. The inclusion of the sanctions

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Gazprom’s Double Standards

The Russian state-controlled energy company Gazprom wants to be known in Europe as a serious business partner capable of providing a stable supply of gas. But back home in Russia, the gas giant plays a different role. Here, Gazprom owns the nationwide network NTV, which conducts systematic media attacks on diplomats representing the European countries, alongside Russian civil society activists.

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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’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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