Weekly News Digest October 06 -12, 2014

Last week reverse gas supply from Europe under the agreement between NJSC Naftogaz of Ukraine and Norwegian giant Statoil was commenced. Statoil is a competitor to Gazprom in European gas market and will not miss the opportunity to put competitive pressure on Russian in the traditional markets. However, it should be noted that the help from Norway is a little late, Naftogaz of Ukraine managed to fill UGS only by half.
On the 21st of October there will be held treeparties negotiations between Russian Ukraine and EU in Berlin. For the first time in 4 months Russia in the person of the Minister of Energy Mr. Novak announced that it is ready to restore gas supply to Ukraine. However, for now it is just words.
In Ukraine locally the situation in oil and gas industry is getting heated up. The actions of the Ministry of Finance regarding taxation lead to purposeful destruction of upstream.
Ukrainian companies
Naftogaz confirmed contract signing with the Norwegian Statoil
Ukrnafta of discord: the Fiscal Service is arresting the company’s assets
Long-running conflict between the owners of Ukrnafta may result in its destruction
Ukrgazdobycha is going to increase gas production due to hydraulic fracturing in 2015
Foreign companies
Shell suspended cooperation with Gazprom Neft within
Khanty-Mansiysk Petroleum Alliance
This week Ukraine is going to approve an operating agreement
with Chevron on shale gas production
Belarus started to produce shale oil
Shell estimated the ecological state of Yuzov site
In September Ukraine pumped into UGS more than 0.9 BCM of gas, having increased reserves up to 16.7 billion
EBRD is estimating transit gas opportunities of Ukraine - Ukrtransgaz
Politics and the world
Brussels intends to hold next gas meeting on October 21 in Berlin
Naftogaz argues that NERC counted incorrectly cost price of natural gas production in Ukraine
The Norwegian gas costs Naftogaz $340 per thousand cubic meters – MSM
Rada amended the Tax Code to attract investment in shale gas production
The Crimean authorities are considering an option to sell gas surpluses, produced by Chernomorneftegaz, to Ukraine
Gas production in Ukraine: death because of taxes?