Latest news with #VojtechFerencz
Yahoo
31-03-2025
- Business
- Yahoo
Russia to increase gas exports to Slovakia bypassing Ukraine
Gazprom, Russia's largest private oil giant, will significantly increase gas supplies to Slovakia through the Turkish Stream pipeline starting in April. This has been stated by Slovak importer SPP's CEO Vojtech Ferencz. Source: Reuters Details: Ferencz said that the supply volumes would increase several times compared to the level of the last two months, and not just double, as previously expected. "We will not have a problem with supply, we will not have a problem filing storage," SPP trade director Michal Lalik said. After transit through Ukraine ended at the end of 2024, Slovakia mainly received gas from Hungary, which supplies Russian fuel through the Turkish Stream. Bratislava and Budapest are pushing for the resumption of transit through Ukraine, and Slovakia has even threatened to veto EU aid to Kyiv if it does not reconsider its position. Background: As part of a working group set up at Slovakia's request to resolve gas supply problems after Russian gas transit through Ukraine was halted, the European Commission is looking for ways to diversify supplies, including exploring the possibilities of Azerbaijan in this context. European energy companies filed lawsuits against Gazprom for a total of €18 billion over the suspension of gas supplies. This is almost twice as much as the Russian monopolist has in cash reserves. Support Ukrainska Pravda on Patreon!
Reuters
31-03-2025
- Business
- Reuters
Gazprom to increase gas supplies through TurkStream from April, Slovak SPP says
BRATISLAVA, March 31 (Reuters) - Russia's Gazprom ( opens new tab will substantially increase gas supplies to Slovakia through the TurkStream pipeline from April, the CEO of Slovak importer SPP Vojtech Ferencz told reporters on Monday. Gazprom began supplying gas to Slovakia again at the beginning of February, using volumes given up by Hungary on the TurkStream pipeline, SPP said last month. Volumes were due to double from April, but no amounts were given and it was not clear where the additional supply would come from. Slovakia has relied on supplies from Hungary, which mostly takes Russian gas through TurkStream and via the Balkans, after transit through Ukraine was halted at the end of 2024 when Kyiv declined to renew an agreement with Moscow. Slovakia and Hungary have sought the resumption of the Ukraine transit, with Slovakia threatening to veto European Union aid for Kyiv unless it changes its position.
Yahoo
07-02-2025
- Business
- Yahoo
Slovakia resumes gas imports from Russia via TurkStream pipeline
Slovak gas company SPP began importing Russian gas again through the TurkStream pipeline on Feb. 1, with plans to double supplies by April, Slovak news agency TASR reported on Feb. 6. SPP Chairman Vojtech Ferencz confirmed that the company still has a contract with Gazprom, citing the lower transit fees compared to other suppliers. The pipeline goes through Turkey and Hungary, eventually reaching Slovakia. However, Michal Lalik, head of SPP's trade division, noted that Slovakia would still need additional imports from other routes, as the current imports cannot fully meet demand. Slovakia's gas needs in January were mainly met using domestic reserves, which remain above average. Ukraine did not renew a pre-war agreement to transit to Europe via Ukrainian territory, instead on Jan. 1. Kyiv repeatedly warned that it would not extend the deal in order to stop financing Russia's full-scale war. Following Ukraine's decision, Fico threatened to limit aid to Ukrainians and cut off electricity supplies due to the termination of Russian gas transit. Fico and his Hungarian counterpart Viktor Orban have been among some of the most vocal opponents of Ukraine's decision to stop Russian gas transit. Read also: Ukraine's military intelligence reportedly disrupts Gazprom's digital services We've been working hard to bring you independent, locally-sourced news from Ukraine. Consider supporting the Kyiv Independent.
Yahoo
06-02-2025
- Business
- Yahoo
Slovakia started receiving Russian gas via TurkStream from 1 February
Slovak gas company SPP started importing Russian gas through the TurkStream pipeline on 1 February, with supplies expected to double by April. Source: SPP Chairman of the Board Vojtech Ferencz in a comment to journalists on Thursday, as reported by European Pravda, citing Slovak news outlet TASR Details: Ferencz did not reveal the exact volume of supplies but mentioned that SPP still holds a contract with Russian energy giant Gazprom, with a significantly lower transit fee compared to other suppliers. SPP trade division head Michal Lalik added that despite this agreement, Slovakia would likely still need to import gas through other routes, as the pipeline through Hungary cannot meet the country's consumption. Another route will likely be through Germany via Czechia, where SPP has reserved capacity. In January, SPP primarily met its customers' needs by withdrawing gas from its own reservoirs, where reserves remain above average. Ferencz stressed that SPP's priority is to ensure sufficient gas supplies for its customers. The issue lies in rising gas prices and higher transit fees for deliveries via alternative routes. Currently, gas prices exceed the long-term average of €53 per megawatt-hour (MWh). Before Russia's gas transit through Ukraine was suspended in December, prices hovered around €40/MWh. Traders are also concerned about a potential gas shortage in the summer, as EU countries must fill their storage facilities in accordance with a European Commission directive to ensure sufficient gas reserves for the start of the next heating season. Background: Bilateral relations between Kyiv and Bratislava deteriorated after Ukraine stopped transiting Russian gas through its territory, particularly to Slovakia. Slovak Prime Minister Fico called Ukrainian President Volodymyr Zelenskyy an "enemy" of Slovakia in an online dispute over the transit of Russian gas through Ukraine. The Slovak prime minister was also angered by Zelenskyy's support for mass anti-government protests in Slovakia. Support UP or become our patron!
