Georgia’s State Security Service said it had prevented an attempt of blowing up a part of a gas pipeline that supplied the Russian natural gas to Armenia. Five Georgian nationals were detained on August 20, for illegal purchase and storage of firearms, ammunition and explosives with the goal of carrying out a terrorist attack, the…
In H1 2016, 5.4 billion cubic meters of gas and 1.3 million tons of condensate (nearly 10 million barrels) were produced at Azerbaijan’s Shah Deniz gas and condensate field, as compared to 5.2 billion cubic meters of gas and 1.2 million tons of condensate in the same period of 2015, said BP report on the…
Belarus’ expenditures on natural gas imports from Russia dropped by 6.7% YoY in January-June to $1.257 billion, a source in the profile ministry reported. In H1 Belarus purchased 9.188 billion cubic meters of Russian gas, down by 2.8% YoY. Since early 2016 Belarus has repeatedly questioned whether the current price of Russian gas supplies is…
Profit of national joint-stock company Naftogaz Ukrainy in 2016 could reach 16-18 billion UAH, Naftogaz Head Andriy Kobolev has said. “In H1 2016 profit will be around 21 billion UAH, and we expect 16-18 billion UAH of profit at the end of the year”, he said. He said that annual profit would be less than…
Ukraine’s antimonopoly authority has asked participants of the Russia-led Nord Stream-2 gas pipeline construction to agree terms of the project with Kiev. “The participants of the project ought to abstain from any activities which could lead to competition limitations in Ukraine before the receipt of a permit… for the agreed upon actions. Due to the…
Ukraine’s Antimonopoly Committee has prepared a suit forcing Russian gas giant Gazprom to pay a $3 billion fine, the committee’s head Yury Terentyev said. The Antimonopoly Committee imposed the fine in 2015 to punish the company for its monopolist position on the transit gas market. Gazprom was baffled with the decision because it did not…
Public joint-stock company Ukrnafta will develop gas production as a top priority direction, as oil royalty is set at a higher level, the company’s press service has reported. “Taking into account the cash cost, it is more beneficial to produce gas than oil for us. Finally we plan to produce more gas and spend fewer…