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Tag Archive for Gas

Russia and Ukraine jockey for position before another round of gas talks

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(Business New Europe – bne.eu – October 21, 2014) Russia and Ukraine are meeting on October 21 to hammer out a new agreement over Ukraine’s debts to Russia and future pricing for Russian gas, as winter approaches and Ukraine desperately needs Russian supplies to be restarted. Russia’s president Vladimir Putin and his Ukrainian opposite number

Success of Russia-Ukraine Gas Deal Depends on EU’s Willingness to Pay

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(Moscow Times – themoscowtimes.com – Alexander Panin – October 21, 2014) As the Russian and Ukrainian Energy Ministers sit down with European Commission chaperones to resolve their intractable natural gas dispute on Tuesday, the ball will be in the EU’s court, which is expected to finance both Ukraine’s and its own energy security. With the

Ukraine and Russia move close to gas agreement, want IMF to pay bill

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(Business New Europe – bne.eu – October 20, 2014) Russia and Ukraine have moved a step closer to an agreement on gas supplies and pricing, but have called for the international community to help Ukraine pay its gas bill. “[We] reached an agreement,” Ukraine’s president Petro Poroshenko said on Ukrainian TV on October 17, immediately

RIA Novosti: Putin: No Energy Crisis in Europe on Russia’s Behalf

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BELGRADE, October 16 (RIA Novosti) – President Vladimir Putin on Thursday reassured European partners that Russia would do everything possible to prevent any interruption of Russian natural gas deliveries to Europe. “We would’t want any crisis to occur during the winter period,” Putin told reporters following talks with Prime Minister Aleksandar Vucic in Belgrade. “Russia

RIA Novosti: Ukraine Demands Gas Transit Contract With Europe, Refuses to Guarantee Safe Transit

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KIEV, October 16 (RIA Novosti) – Ukraine will not guarantee uninterrupted transit of Russian gas to Europe via its territory unless it signs a gas transit contract with EU partners, Prime Minister Arseniy Yatsenyuk said Thursday. “Ukraine declares that we are a state that guarantees uninterrupted transit of natural gas, but in order to guarantee

RIA Novosti: Ukraine Facing Overall Energy Crisis as Internal Conflict Affects Both Gas, Coal: Expert

File Photo of Blue Flame from Natural Gas

WASHINGTON, October 14 (RIA Novosti) – Ukraine is not only facing a gas crisis this coming winter, but also a possible overall energy crisis due to disruptions in coal mining and transportation facilities, said Tatiana Mitrova, head of the Oil and Gas Department at the Russian Academy of Sciences Energy Research Institute (ERI RAS). “[It

Will Western Sanctions Stop Russia’s Arctic Oil Expansion?

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(Moscow Times – themoscowtimes.com – Howard Amos – October 9, 2014) Igor Sechin, the most influential figure in Russia’s energy industry, announced last week that a new oil field discovered in the Arctic was to be christened “Pobeda” – the Russian word for victory. Speaking to reporters from a blustery drilling platform, the Kremlin heavyweight,

Gazprom proposes to pay for gas transit with Ukrainian debt

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(Russia Beyond the Headlines – rbth.ru – Alexei Lossan, RBTH – October 6, 2014) Russian gas monopoly Gazprom has proposed to pay for gas transit through Ukraine using debt owed by Ukraine’s national oil and gas company Naftogaz. According to experts, this decision is advantageous for Kiev, since it will speed up the renewal of

Interfax: Russian PM tells minister to seek compromise with Ukraine on gas

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(Interfax – October 6, 2014) Russian Prime Minister Dmitriy Medvedev said on 6 October that the search for a compromise with Ukraine over the gas issue needs to continue, with the understanding that the existing debts should be paid while the terms for Ukraine should be sufficiently acceptable to it. “It is necessary to continue

RIA Novosti: Draft Three-Party Gas Deal Ready, Moscow Waiting for Kiev’s Answer: Novak

File Photo of Blue Flame from Natural Gas

MOSCOW, October 6 (RIA Novosti) – The three-party gas protocol of Russia, Ukraine and the European Union is ready and Moscow is currently waiting for Kiev to answer, Russian Energy Minister Alexander Novak said Monday. “A draft protocol to be signed by the three sides – Russia, the European Union and Ukraine – has been

Business New Europe: Russia has eager new oil and gas customers in Asia

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(Business New Europe – bne.eu – Chris Weafer of Macro-Advisory – September 25, 2014) Chris Weafer is Senior Partner at Macro-Advisory, which offers bespoke Russia-CIS consulting. The main focus of Western sanctions against Russia has been to cause disruption to the banking and oil sectors. The former has directly squeezed the availability of liquidity on

Gazprom’s Grip on Russian Gas Exports Weakens as Novatek Gets Export License

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(Moscow Times – themoscowtimes.com – Alexander Panin – September 9, 2014) Novatek, Russia’s largest independent gas producer, has been granted a license to export liquefied natural gas, or LNG, marking the next step on Russia’s gradual liberalization of a market dominated by state-owned giant Gazprom. Deputy Energy Minister Kirill Molodtsov told the TASS news agency

RIA Novosti: Prime Minister Yatsenyuk: Ukraine to Become Independent From Russian Gas in Five Years

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MOSCOW, September 8 (RIA Novosti) – Kiev will stop being dependent on Russian gas in five years, Ukrainian Prime Minister Arseniy Yatsenyuk said in an interview to Ukraine’s 1+1 television channel. The “victory” is achieved when Ukraine will not buy Russian gas at all, which could be accomplished in a five-year period, Yatsenyuk said in

Gas war seen as next phase of Russia-Ukraine conflict

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(Business New Europe – bne.eu – Ben Aris in Moscow – September 8, 2014) [Charts here http://www.bne.eu/content/story/gas-war-seen-next-phase-russia-ukraine-conflict] Even if a lasting ceasefire in eastern Ukraine can be secured, the cessation of military hostilities will only mark the beginning of a new fight. The battle between Russia and Ukraine over gas supplies is about to restart

Ukrainian sanctions on Gazprom could threaten European economy

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(Russia Beyond the Headlines – rbth.ru – Kira Egorova, Anna Kuchma, RBTH – August 19, 2014) On August 14, the Ukrainian parliament passed a law enabling Kiev to introduce sanctions against Russian companies, meaning that if measures are introduced against Gazprom, the transit of Russian gas through Ukrainian territory will be blocked. What threats does

Ukraine’s Next Crisis? Economic Disaster

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(Oilprice.com – Robert Bensh – August 18, 2014) Ukraine’s next crisis will be a devastatingly economic one, as violent conflict destroys critical infrastructure in the east and brings key industry to a halt, furthering weakening the energy sector by crippling coal-based electricity production. The Ukrainian military’s showdown with separatists in the industrial east has forced

EU opposes Russian oil and gas sanctions, considers targeting other sectors

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(Business New Europe – bne.eu – Concorde Capital – July 24, 2014) EU Energy Commissioner GYnther Oettinger opposes sanctions on Russian natural gas and oil but doesn’t rule out sanctions on energy technology and equipment, he told a July 23 press conference in Brussels, as reported by the UNIAN news agency. “I always spoke against

U.S., EU Unlikely to Invest in Ukraine’s Gas System, Analysts Say

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(Moscow Times – themoscowtimes.com – Ivan Nechepurenko – July 5, 2014) Ukraine’s move Friday toward attempting to sell nearly 50 percent in its gas pipeline system to EU and U.S. investors does not mean that Western buyers will rush to take up the offer, as the system’s value depends on a steady supply of Russian

EU Claims Right to Reverse Flow as Russia Protests

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(The Moscow Times – themoscowtimes.com – July 4, 2014) EU Energy Commissioner Günther Oettinger on Thursday asserted European companies’ right to sell Russian gas back to Ukraine, flying in the face of warnings from Russian energy giant Gazprom as tensions continue to build over energy policy. Energy companies in the EU have an “absolute right to

Russia’s crack pipe to Europe

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(Business New Europe – bne.eu – Nicholas Watson, Ben Aris, Tim Gosling, Rob Whitford – June 30, 2014) The growing confrontation between Russia and the West ranges across many fronts, none more significant than in an area of rural northwest Bulgaria, where in October workers began welding pipes that will feed a natural gas compressor

RIA Novosti: Russia-EU Gas Transit Through Ukraine Compliant With Contract – Gazprom

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MOSCOW, June 23 (RIA Novosti) – Russia’s EU-bound gas flows through Ukraine comply with transit contraparameters, Gazprom spokesman Sergei Kupriyanov said Monday. “The transit of Russian gas through Ukraine is flowing according to contract parameters with a volume over the last 24 hours of around 205 million cubic meters,” Kupriyanov said. Earlier on Monday, reports

RIA Novosti: Further Gas Cooperation to Benefit Both Moscow, Kiev – Russian Energy Minister

File Photo of Blue Flame from Natural Gas

MOSCOW, June 20 (RIA Novosti) – Ukraine needs gas deliveries from Gazprom, while Russia is interested in reliable gas transit to Europe, making bilateral gas cooperation in the interests of both Moscow and Kiev, Russian Energy Minister Alexander Novak said in an interview with Forbes magazine. “In general, the volume of gas that we deliver

Interfax: Rasmussen’s claim Moscow funds “anti-fracking” environmentalists absurd – Greenpeace

File Photo of Blue Flame from Natural Gas

MOSCOW. June 20 (Interfax) – Greenpeace has rejected a claim made by NATO Secretary General Anders Fogh Rasmussen that Russia funds European environmentalists opposing shale gas production in Europe. “Greenpeace sees this suggestion as absurd because the Organization and many other environmental groups are calling for fracking which used in exploiting shale formations, to be

Russia’s gamekeeper has turned poacher

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(opendemocracy.net – Mikhail Kreindlin – June 20, 2014) Mikhail Kreindlin is an expert at Greenpeace Russia on specially protected areas. Russia has a vast number of nature reserves and national parks. But the government body supposed to be protecting them is in fact destroying many of them by allowing development and mining. In Russia, as

Why This Russian-Ukrainian ‘Gas War’ Is Different From The Others

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(RFE/RL – Claire Bigg – June 17, 2014) Russia has halted gas supplies to Ukraine — a major escalation of a dispute in which Russia’s state-owned gas giant Gazprom is demanding that Kyiv settle its huge gas debt. But in many ways, what many have dubbed the third “gas war” between the two countries is

Europe Bracing Itself for Worst-Case Gas Scenario

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(Moscow Times – themoscowtimes.com – Alexander Panin – June 18, 2014) In the wake of Russia’s decision to switch Ukraine to prepayment for gas starting Monday, the European Union is planning a new round of negotiations as the danger of supply disruptions to Europe heightens. European officials say, however, that the bloc is currently far

RIA Novosti: Moscow to Hold New Gas Talks Only After Kiev Clears its Debt – Russian Energy Minister

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MOSCOW, June 18 (RIA Novosti) – Moscow only intends to resume trilateral gas talks after Ukraine repays its debt for Russian gas supplies, Energy Minister Alexander Novak said Wednesday. “First of all, we expect payments to be made on the debt for November-December and April-May deliveries. Only after this would we consider having talks, if

Interfax: Accidents on Ukrainian gas pipelines to continue, not enough invested in maintenance

File Photo of Blue Flame from Natural Gas

(Interfax – June 18, 2014) Accidents on Ukraine’s gas transportation system will continue because not enough is being spent on maintenance, Gazprom Deputy CEO Vitaly Markelov told journalists, commenting on yesterday’s blast and fire on the Urengoi-Pomary-Uzhgorod gas pipeline in Ukraine’s Poltava region. “The gas transportation system, ours and Ukraine’s, was created as a unified

Russia Beyond the Headlines: Press Digest: Kiev’s position on gas payments is ‘blackmail’

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(Russia Beyond the Headlines – rbth.ru – Darya Lyubinskaya, special to RBTH – June 17, 2014) RBTH presents a selection of views from leading Russian media on the latest gas crisis between Moscow and Kiev, which culminated yesterday with Russia cutting off supplies to Ukraine after talks had once again reached a dead end. Kommersant

Gazprom’s EU customers not at risk for now

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(Business New Europe – bne.ru – Teneo Intelligence – June 17, 2014) Following the failure of negotiations on natural gas pricing and debt between Russia and Ukraine last weekend, Russian company Gazprom reduced supply volumes to Ukraine, the main transit country for gas delivered to Gazprom’s EU customers. However, Gazprom continues to deliver contracted amounts

Exactly what is a fair price for Ukraine to pay for Russian gas?

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(Business New Europe – bne.eu – Ben Aris in Moscow – June 16, 2014) [Charts here http://www.bne.eu/content/exactly-what-fair-price-ukraine-pay-russian-gas] Russia cut Ukraine off from gas deliveries on June 16 after the emergency talks at the weekend to strike a new price for gas failed. From now on Russia won’t deliver any gas unless Ukraine pays for it

Looking down the Russia-China pipeline from Beijing’s end

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(Business New Europe – bne.eu – COMMENT: Karine Hirn, Partner and Senior Advisor at East Capital – June 17, 2014) The $400bn Russian gas pipeline deal has been hailed as a game-changer for Russia, but what does it mean for China? Pipelines are the geopolitical equivalent of marriage and China has happily tied itself to

Russia accuses West of “protecting” Ukraine at gas talks

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(Interfax – Moscow, June 15, 2014) Moscow believes that there may be a third power behind Ukraine’s intransigent position in its talks with Russia over gas. Russian Foreign Minister Sergey Lavrov told Russian journalists on Sunday [15 June] that the Ukrainian authorities are making use of “impunity because they are being protected by our Western

Russia cuts Ukrainian gas supplies

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(Business New Europe – bne.eu – June 16, 2014) Russia’s state-owned Gazprom cut Ukraine’s gas supply off at 10 a.m. Moscow time for failing to pay its bills after talks broke down ahead of a June 16 deadline. “This decision was taken due to systematic failure of Naftogaz Ukraine to pay,” Gazprom said in a

NEWSLINK: Russia’s Gazprom reduces gas to Ukraine after deadline passes

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["Russia's Gazprom reduces gas to Ukraine after deadline passes" - Maria Kiselyova, Denis Pinchuk - June 16, 2014] Reuters reports on Russia’s move to ratchet back gas flows to Ukraine, with potential also to impact Russian gas supplies to the EU: Russian natural gas exporter Gazprom reduced supplies to Ukraine on Monday after Kiev failed

Interfax: Conditions proposed to Ukraine on gas shipments better than those in place under Yanukovych – Miller

File Photo of Blue Flame from Natural Gas

GORKI. June 16 (Interfax) – The conditions that were proposed to Kyiv during gas talks were better than the conditions in place under former Ukrainian president Viktor Yanukovych, Gazprom (MOEX: GAZP) CEO Alexei Miller said at a meeting with Russian Prime Minister Dmitry Medvedev. Firstly, the Russian side was ready to guarantee that the discount

RIA Novosti: Europe Ready to Consider Opal Pipeline For Future Gas Supplies – Gazprom

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MOSCOW, June 16 (RIA Novosti) – If Ukraine disrupts Russian gas transit via its territory, the European Commission is ready to negotiate increased deliveries through the Opal pipeline, Gazprom CEO Alexei Miller said Monday. “We have discussed this issue with the European Commission. It is now as follows: if we record problems with transit via

Russia Sets Ukraine June 16 Deadline as Gas Talks Resume

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(Business New Europe – bne.eu – Tim Ash, Standard Bank – June 12, 2014) Bloomberg reports that Russia gave Ukraine an extra six days to make payments for natural gas as the countries resumed European Union-brokered talks in Brussels on June 11. The new deadline is 10 a.m. Moscow time June 16, Alexey Miller, chief

RIA Novosti: Russia Ready to Review Ukraine’s Gas Debt, Scrap Prepayment Scheme – Energy Minister

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BRUSSELS, June 11 (RIA Novosti) – Russia will not introduce advance gas payments for Ukraine and review its gas debt downwards if Kiev pays off $2 billion of its gas debt by June 16 and clears arrears in full by June 26, Energy Minister Alexander Novak said Wednesday. “It was suggested to review the payoff

NEWSLINK: Russian gas keeps flowing to Ukraine as deadline passes

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["Russian gas keeps flowing to Ukraine as deadline passes" - Reuters - June 10, 2014] Reuters reports that Russian gas supplies to Ukraine and the EU have remained stable, despite the passing of a deadline over disputed Ukrainian gas bills.  Meanwhile, the European Commission continues to broker related negotiations. Natural gas supplies to Ukraine and the European Union

Russia Sees Underhanded Sanctions in Bulgaria’s Suspension of South Stream

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(Moscow Times – themoscowtimes.com – Ivan Nechepurenko – June 10, 2014) Bulgaria’s decision to suspend construction of the Russia-led South Stream pipeline project on its territory, undermining Russia’s efforts to diversify its gas transportation infrastructure to Europe away from Ukraine, is an underhanded economic sanction thrust on Russia by the West, a top Russian diplomat

Nobody wants to give up energy cooperation with Russia – Putin

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(Interfax – Archangelsk, June 9, 2014) Other countries benefit from cooperation with the Russian Federation in the energy sector, Russian President Vladimir Putin believes. “Nobody is going to give up energy cooperation (with Russia – Interfax) voluntarily,” Putin said at a meeting with students in Arkhangelsk. Speaking about this, the head of state pointed out

Putin’s China Deal Won’t Help Russian Economy Much, Moscow Experts Say

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(Window on Eurasia – Paul Goble – Staunton, June 5, 2014) The much-ballyhooed gas deal Vladimir Putin signed with Beijing will only have an “insignificant” impact on Russia’s economic development and state revenues, according to an analysis by experts at the Center of Development of the Moscow Higher School of Economics. Their 43-page report is

Gazprom Says U.S. Can’t Prevent European Reliance on Russian Gas

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(Bloomberg – bloomberg.com – Elena Mazneva – June 3, 2014) OAO Gazprom (OGZD), Russia’s gas-export monopoly, said U.S. pressure won’t stop it from supplying fuel to Europe and increasing market share in the region. “We understand that the U.S., sitting high on a hill and independent of economic cooperation with us, is pushing Europe to

Russia and Ukraine pull back from the gas brink

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(Business New Europe – bne.eu – Tim Gosling in Prague – June 3, 2014) Raising hopes that Moscow and Kyiv are now serious about finding a route out of the crisis in Ukraine, the EU reported late on June 2 that the pair is mulling a proposed compromise on gas. Russian state-controlled gas giant Gazprom

Russia Gives Ukraine Leeway on Gas as Five Rebels Killed

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(Bloomberg – bloomberg.com – Elena Mazneva, Stephen Bierman, Daryna Krasnolutska – June 2, 2014) Russia gave Ukraine an extra week to pay in advance for gas supplies or risk a cutoff, as the Ukrainian government said its forces killed five pro-Russian rebels in an upsurge in fighting in the eastern city of Luhansk. Russian gas

RIA Novosti: Russia Demands Kiev to Pay Gas Debt in Full Before June 9

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MOSCOW, June 2 (RIA Novosti) – Ukraine has to pay Moscow the remaining part of $2.2 billion gas debt and agree on payment schedule for April-May gas supplies before June 9, press-service of Russia’s Energy Ministry said Monday. “Before this deadline Ukraine has to pay the remaining part of $2.23 billion debt and also agree

Russia getting support from European Commission in Ukraine gas talks – Novak

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(Interfax – June 2, 2014) The European Commission has effectively supported the Russian position in the second and third round of talks on payment of Ukraine’s gas debt to Russia, Energy Minister Alexander Novak said in an interview with Rossiya 24 television. “I consider that the European Commission has behaved quite constructively at these and

Sino-Russia gas deal represents a fundamental change

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(Business New Europe – bne.eu – COMMENT: Jacob Grapengiesser of East Capital – June 2, 2014) After ten years of haggling, Moscow and Beijing finally signed off on game-changing $400bn gas supply deal, under which Russia will at first supply 38bn cubic metres (cm) of gas to China over 30 years from 2018. Moscow and

Ukraine Nears Russian Gas Deal as Eastern Clashes Persist

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(Bloomberg – bloomberg.com – Elena Mazneva, Brian Parkin, Ewa Krukowska – May 31, 2014) Russia and Ukraine moved closer to a deal that would keep gas flowing between the countries even as they spar over Russian support for separatists seeking to break away from the government in Kiev. After talks brokered by the European Union

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