Gazprom Seeks to Annul Natural Gas Contract with Ukraine
3/3/2018
MOSCOW (AP) — Russia’s state natural gas monopoly Gazprom says it’s beginning efforts to end its contract to supply gas to Ukraine, raising concerns about downstream gas supply to European countries.
Much of Russia’s gas to Europe is shipped via Ukraine’s pipeline system. A Russia-Ukraine gas dispute in 2009 significantly cut supplies to Europe in frigid winter weather.
Gazprom deputy chairman Alexander Medvedev said Saturday that the company has begun procedures in the Stockholm international arbitration court to end its contracts with Ukraine’s Naftogaz. The move comes after the Stockholm body ruled that Gazprom should pay Ukraine more than $2 billion for failure to deliver the agreed-upon volumes of so-called “transit gas.”
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Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
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