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Petroleum / Mining in Ukraine

  • Asian market can be profitable for Gazprom

    RUSSIA, 2015/04/25 Asian gas market can be profitable for Gazprom, given the fact that prices there are on average higher . “Gazprom has indicated that it aims to turn to the Eurasian market someday, which it considers as a so called “mega market". However, this will take at least a decade, but trend is clearly there,” Tibold said. Russia's top gas producer Gazprom warned the European Union this week against moves to block Moscow's plans to bypass Ukraine as a transit country for its gas to Europe and said it needed guarantees on gas purchases. Russia is pushing ahead with plans to build a pipeline to Turkey and further on to Greece via the Black Sea, in line with its plans to stop exporting gas via Ukraine by 2019.
  • Russian and Ukrainian officials met to seek a solution to a dispute over energy

    RUSSIA, 2014/06/10 Russian and Ukrainian officials met here late Monday to seek a solution to a dispute over energy that has exacerbated tensions and led to concerns about cutoffs of natural gas to the European Union. The talks, under the aegis of the European Commission, are intended to push the two sides to reach an agreement on how much Ukraine should pay Russia for gas by presently consumed and for next consumption. The conference between Russia’s energy minister, Alexander Novak, and his Ukrainian counterpart, Yuriy Prodan, was the fifth of its kind since talks began in early May next Gazprom, the Russian national-controlled energy giant, raised the price of gas to Ukraine by 80 % in March and threatened to cut off supplies if it did not pay up.
  • Russia's Gazprom has slapped Ukraine energy firm Naftogaz

    RUSSIA, 2014/04/25 Russia's Gazprom has slapped Ukraine energy firm Naftogaz with an additional $11.4 billion gas bill, additional than five times its previous claim, ratcheting up pressure on Kiev amid the deepest East-West rift since the end of the Cold War. The political crisis in Ukraine, presently in its fourth month, has pitted Russia against the United States and the European Union, which have sanctioned Moscow over its annexation of Crimea peninsula. A Gazprom source said the $11.4 billion was in addition to the $2.2 billion that Naftogaz by presently owes for supplies in 2013 and 2014 so far.