“The amount includes the principal debt for gas transit services under the 2019 agreement, as well as delay interest and full compensation for legal expenses incurred by Naftogaz”, Naftogaz said in an online statement. The state-owned integrated oil and gas company said it had won the award June 10.
NIS’s main refinery in Pancevo, just east of Belgrade, has relied on crude imports through a pipeline in neighboring Croatia. Anticipating that the ever-tightening sanctions may render the pipe unusable for NIS, Serbia has made plans to link to crude supplies from the Druzhba pipeline via Hungary.
Gazprom PJSC-controlled Nord Stream 2 should have foreseen that the bloc would use its powers to “extend the internal market rules to cover gas pipelines from third countries,” the General Court said in its re-examination of the case on Wednesday.
The current five-year gas transit deal between Russia and Ukraine expires on Dec. 31 and Kyiv has repeatedly said it would not engage in talks with Moscow over an agreement extension.
“The Russian government also uses Gazprombank to pay its soldiers, including for combat bonuses, and to compensate the families of Russian soldiers killed fighting Putin’s war against Ukraine. Australia, Canada, New Zealand and the UK have previously sanctioned Gazprombank,” it continued.
Supergiants like Exxon are focused on big offshore venues like Guyana and Namibia, leaving behind prime onshore natural gas assets in Europe – a region that is now desperate for affordable domestic resources that aren’t controlled by Russian Gazprom.
Gazprom and CNPC agreed to increase the volume of Russian gas export to China through the Power of Siberia pipeline next year.
Türkiye has agreed with Russia’s Gazprom on deferring payment for part of the natural gas it imported after a price surge last year, Energy Minister Fatih Dönmez said.
Western countries are trying to cut the amount of Russian oil and gas they import following the invasion of Ukraine in February.
Ahead of Russian President Vladimir Putin’s visit to Iran on Tuesday, his second foreign trip since he invaded Ukraine in February, Russian Gazprom and the National Iranian Oil Company have inked a $40-billion agreement for the development of oil and gas fields.