: :inin Kyiv (EET)

Gazprom’s annus horribilis


Gazprom’s horrible year just got worse.
On Friday, the German energy regulator denied an application from the Nord Stream 2 pipeline — wholly owned by Gazprom — for a 10-year derogation from complying with EU gas rules.
It’s just the latest in a long run of bad news for the Russian gas giant.
In December, Gazprom had to fork out over $2.9 billion to Ukraine’s Naftogaz, the remaining amount in the $5 billion it was ordered to pay over longstanding transit disagreements; a November appeal by the Russian company was denied by a Swedish appeals court.
In March, it lost another arbitration dispute against …read more

Source:: European Voice

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