Tag Archives: Gazprom

Gazprom said it hoped the European Commission would now act to eliminate the violations of free trade rules confirmed by the WTO.

Critics say that the natural-gas pipeline will strengthen Russia’s hand in Europe and isolate Ukraine.

Gazprom’s activities in the European gas market are underpinned by long-term contracts with oil-pegged prices and take-or-pay clauses.

LNG from the United States for Europe is at least 30-40% more expensive than the pipeline gas from Russia.

PGNiG has to buy certain amounts of gas annually from Russia under a long-term deal with Russia’s Gazprom.

Denmark is the last country that has not issued a permit for the laying of the gas pipeline in its exclusive economic zone.

Russia has used stocks held in tanks at its oilfields to boost production.

Western powers imposed sanctions in 2014 after Russia’s annexation of Crimea.

Gazprom has invested tens of million dollars at sensitive oil and gas fields.

Gazprom planned to borrow 417 billion rubles. one third of the amount needed for the construction (1.2 trillion rubles).