Registration was successful!
Please follow the link from the email sent to

Gazprom’s European Partners ‘Play Unfair Game’ to Turn Profit

© AP Photo / Petr David JosekGas pipes
Gas pipes - Sputnik International
European companies made additional profits by purposely ordering more gas than Gazprom can supply and then receiving money in penalties for undelivered gas. In addition, European companies traded this gas on the spot market, creating oversupply, thus decreasing the price.

Yuzovka shale gas area, Ukraine - Sputnik International
Moscow Approves March 20 for Gas Talks With Kiev, European Commission
MOSCOW (Sputnik) – The European partners of Russian energy giant Gazprom use unfair methods to make a profit from the company, the Deputy General Director of Gas Projects at Russia's National Energy Security Fund told Sputnik on Tuesday.

On Sunday, Czech newspaper Hospodarske noviny reported that European companies had made additional profits by purposely ordering more gas than Gazprom can supply and then receiving money in penalties for undelivered gas.

"European partners in this case played an unfair game. They ordered more gas and organized the reverse deliveries to Ukraine," Alexei Grivach said.

Gazprom Oil refinery facilities in Moscow - Sputnik International
Gazprom Receives $15Mln From Ukraine for Seven Days of Gas Deliveries
He also stated that, in addition to supplying a reverse gas flow to Ukraine, European companies traded this gas on the spot market, creating oversupply, thus decreasing the price.

Marketing director of Czech gas company Vemex Hugo Kyselka said European companies took advantage of the legal peculiarities of the contracts they have with Gazprom.

"European companies' behavior with respect to their main gas supplier is far from ideal," Kyselka told Sputnik.

Yuzovka shale gas area outside Yaremivka, Kharkiv Region - Sputnik International
Gas Supplies From Hungary to Ukraine Hit Record High – Ukrainian Company
Agreements with Gazprom allow fuel recipients to order up to 20 percent more gas than stipulated in contracts.

The subject of Russian gas supply to Europe has been a matter of concern for the region in light of the strained relations between Moscow and Kiev, since Russian gas to the EU passes through Ukraine.

On March 17, a Russian Energy Ministry spokesman told RIA Novosti that the ministry had agreed to a European Commission proposal to hold three-way gas talks with Ukraine on March 20.

To participate in the discussion
log in or register
Заголовок открываемого материала