Category Archives: Gazprom

Gazprom accuses the U.S. of trying to oust Russia from EU gas market

Threats of sanctions from Washington against the Nord Stream 2 project are nothing more than attempts to oust Russia out of the European gas market usig non-market instruments, stated the head of Gazprom Export (Gazprom’s subsidiary) Elena Burmistrova, speaking at the Flame online conference. “Unfortunately, there is an additional threat that is increasingly affecting our cooperation – a political confrontation

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6 ways Germany could kill the Nord Stream 2 pipeline

Germany has multiple options if it decides to try and halt the project, but they carry costs Germany has long argued that the 1,230-kilometer pipeline that is supposed to send an extra 55 billion cubic meters of Russian gas a year under the Baltic Sea is a commercial venture, not a political one. That position is increasingly under strain in

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U.S. Threatens New Sanctions Over Russia-Germany Pipeline

U.S. Secretary of State Mike Pompeo on Wednesday threatened new sanctions to stop the Nord Stream 2 gas pipeline that Russia is building to Germany. “Our expectation is that those who participate in the continued project will be subject to review for potential consequences,” Pompeo told a news conference. President Donald Trump last year signed legislation from Congress that targets contractors

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Bill expanding sanctions against Nord Stream 2 filed in U.S. House of Representatives – Naftogaz

19:57, 26 June 2020 – UNIAN This new legislation follows last year’s successful passage of PEESA in the annual U.S. defense budget bill. U.S. House Representatives Adam Kinzinger (R-IL), Denny Heck (D-WA), Mike Turner (R-OH), and Ruben Gallego (D-AZ) on June 25 filed a bipartisan House companion bill of the U.S. Senate’s Protecting Europe’s Energy Security Clarification Act. “[The document]

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Ex-Chancellor of Germany Gerhard Schroeder heads Rosneft’s board of directors

17:59, 8 June 2020 – 112 UA German politician is criticized for his work in Russian companies. Former Chancellor of Germany Gerhard Schroeder re-elected Chairman of the Board of Directors of the Rosneft Russian oil and gas company. Schroeder was re-elected at the annual meeting of shareholders, the press service of Rosneft said. As you know, Gerhard Schroeder has been heading the

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And the king is naked! Gazprom and Rosneft, the two largest pillars of the Vladimir Putin regime, crash

The global crisis, the deterioration of the system, American intervention, the Ukrainian footprint and the European demarche are the elements that destroy Gazprom and Rosneft, the two largest state monopolies of the Russian economy . The two pillars on which the crown of the Russian empire hangs cracked. Losses of Rosneft , the Kremlin’s gold mine, in the first quarter of 2020 reached $ 2.2

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Russia halts gas supplies to Germany via Poland

Supplies of Russian Gas to Germany via Poland using the Yamal-Europe pipeline have been halted, reported Interfax with reference to the data of the German gas transport operator GASCADE Gastransport GmbH. At 08:00-09:00 am Tuesday, the volume of the gas intake at Malnov station on the Polish-German border fell to zero. The day before, the transit of gas was at

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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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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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