: :inin Kyiv (EET)

Section: Energy

    Lithuania Court rules Gazprom to pay EUR 36 mln fine
    Dec23

    Lithuania Court rules Gazprom to pay EUR 36 mln fine

    Lithuanian Supreme Administrative Court (SAC) on Thursday ruled to impose the largest fine in the history of Lithuania, obliging Russian gas concern Gazprom to pay a EUR 35.651 million fine to Lithuania for Gazprom`s refusal to sign off the gas exchange deal with Lietuvos Energija Gamyba (LEG), according to BNS media outlet. Thus, the court...

    Gazprom suggests exchanging letters of guarantee with Naftogaz instead of additional accords
    Dec22

    Gazprom suggests exchanging letters of guarantee with Naftogaz instead of additional accords

    Russian gas monopoly Gazprom has offered the National energy holding Naftogaz of Ukraine to exchange letters of guarantee, as well as to resolve the issues of prepayment for gas deliveries, said Russian Energy Minister Alexander Novak, Prime business news agency reported. ”Gazprom is proposing Naftogaz an exchange of letters, which would answer...

    Ex-deputy head of Naftogaz shoots himself as law enforcers try to arrest him
    Dec21

    Ex-deputy head of Naftogaz shoots himself as law enforcers try to arrest him

    Former deputy head of Naftogaz of Ukraine energy holding, who had been in office at the time of Viktor Yanukovych presidency, Hennady Yuriev, has committed suicide in his home in Vinnytsia region, according to the press secretary of Prosecutor General Yuriy Lutsenko. It is noted that today, December 21, military prosecutors have come to his house...

    Ukraine investigates cyberattack on Kyiv power grid
    Dec21

    Ukraine investigates cyberattack on Kyiv power grid

    Ukraine is investigating a suspected cyber attack on Kiev`s power grid at the weekend, the latest in a series of strikes on its energy and financial infrastructure, the head of the state-run power distributor said on Tuesday, according to Reuters. Vsevolod Kovalchuk, acting chief director of Ukrenergo, told Reuters that a power distribution...

    Obama bans drilling in parts of the Atlantic, the Arctic
    Dec21

    Obama bans drilling in parts of the Atlantic, the Arctic

    President Obama announced on Tuesday what he called a permanent ban on offshore oil and gas drilling along wide areas of the Arctic and the Atlantic Seaboard as he tried to nail down an environmental legacy that cannot quickly be reversed by Donald J. Trump, according to The New York Times. Mr. Obama invoked an obscure provision of a 1953 law,...

    Naftogaz`s net profit increased by 109 times in 9 months, nearing $1 bln
    Dec21

    Naftogaz`s net profit increased by 109 times in 9 months, nearing $1 bln

    Oil and gas giant NJSC Naftogaz of Ukraine`s net profit skyrocketed by 109 times January-September 2016, to UAH 25.5 billion, or about US$960 million. Its net revenue from sales in the nine months of 2016 amounted to UAH 95.5 billion, which was 28.9% up year-over-year, the company said in the information disclosure system of the National...

    Russian gas monopoly Gazprom may lose its biggest asset in Turkey
    Dec20

    Russian gas monopoly Gazprom may lose its biggest asset in Turkey

    Russian gas monopoly Gazprom may lose its biggest asset in Turkey, according to the Russian media outlet Kommersant, citing sources familiar with the situation. Shares of Russian company and Gazprombank in Akfel Holding, the largest private importer of Russian gas to Turkey, were de facto nationalized on suspicion of having links with the...

    Serious power failure reported in Kyiv region over weekend
    Dec19

    Serious power failure reported in Kyiv region over weekend

    At 23:53 on December 17, the electrical generating station in the village of Petrivtsi in Kyiv region was completely de-energized, Ukrenergo reported on Facebook. ”As a result, 144.9 MW load capacity of PJSC Kyivenergo and 58 MW load capacity of PJSC Kyivoblenergo were de-energized. Also, Kyiv pump storage power plant was de-energized with the...

    Ukraine has 12.7bcm of gas left in reserves
    Dec19

    Ukraine has 12.7bcm of gas left in reserves

    Ukraine`s natural gas reserves in its underground storage facilities between Dec 9 and Dec 16 shrunk by 2.7%, or 355 million cubic meters – from 13.082 billion cubic meters down to 12.727 bcm, according to the national gas transport system operator Ukrtransgaz. According to the company data, 62.4 million cubic meters of gas was pumped out...

    Poland appeals to EU Court over EU Commission decision which gives Gazprom capacity on the Opal gas pipeline
    Dec19

    Poland appeals to EU Court over EU Commission decision which gives Gazprom capacity on the Opal gas pipeline

    Poland has appealed to the European Court of Justice over a European Commission decision to give Gazprom (GAZP.MM) more capacity on the Opal gas pipeline through Germany, according to a foreign ministry spokeswoman, Reuters reported, citing PAP news agency. ”The situation threatens the security of gas supplies in the EU, particularly in the...

    Page 6 of 10

    Pin It on Pinterest