... to provide high-quality transit services.
Instead, Naftogaz is busy reducing the profitability of the natural gas transmission system by demanding that Gazprom pay higher tariffs to transit
gas
through the country. Although it is more profitable for Gazprom to pump gas via Nord Stream – the tariffs are smaller, the distance to consumers is shorter, and the company owns 51 per cent of the shares in the operator of Nord Stream 1, Nord Stream AG.
However, Russia will continue to transit gas via Ukraine. Exactly how ...
... joint project by Rosneft and
ExxonMobil
, cannot be implemented either, like Baltiysky LNG and the construction of the third stage of the LNG plant in terms of Sakhalin-2, as the consortium of foreign companies is not allowed to invest money in liquid gas production.
Gazprom will not be able to acquire foreign loans to build a gas-processing plant in the Amur region in order to separate different fractions from methane to be supplied to China via the Power of Siberia pipeline. The state concern will have to remake ...
... to third-party companies at the basic rate that, according to the EC, has to comply with prices in comparable European gas pipelines. It is noteworthy, that granting access to third parties depends not on the carrying capacity of the pipeline, but on Gazprom’s gas volume supply. In this way, a situation where all the gas in Opal pipeline is Russian is quite predictable (if the Russian export monopoly stays in force, the gas will also be produced by Gazprom), though part of this volume is already being sold ...
... country’s energy sources. In Holland, coal consumption grew by 19 per cent in 2010–2015, and gas imported from Russia could be a way to cover the Dutch fields dropping production without the risk of paying taxes on CO2 emissions.
Out of Gazprom’s three latest gas transportation initiatives (the South Stream, the Turkish Stream and Nord Stream 2), Nord Stream 2 has the greatest chance of being implemented. By the end of 2016, it will be clear whether Nord Stream 2 will have to deal with regulatory pressure ...
... seen from space.” Thus, the legitimacy and relevance of the matter is currently framed by the international community (i.e. is mostly top-town), however in future it is likely to depend on the relationship established between the State, oil and gas industry, and Gazprom.
Environmental risk management platform of Equatorial Principles calls for international banks to finance only those projects that have well-established CSR and concern for environment. There is only one Russian bank, Otkritie, who joined it ...
... This share equals approximate annual revenues of $13.6 billion (2014 income statement reference). BASF Wintershall in turn will gain around 25% of western Siberia’s Urengoy fields, with proven natural gas reserves of 275 bcm. The alliance between Gazprom, E.ON Ruhrgas and BASF Wintershall allowed for the latter two to gain access to Russian upstream activities, which has guaranteed their long-term access to natural resources and has further reinforced the security of supply to Germany.
In 2016 Gazprom Neft signed ...
... countries of Central and Eastern Europe
), while the Antimonopoly Committee of Ukraine punished Gazprom for distortion of competition in Ukraine. Gazprom didn’t need any further incentive to speed up the
construction of Nord Stream 2
.
The prices for gas that Gazprom charged Ukraine were indeed in some cases higher that the pan-European average. However, unauthorized withdrawals of gas in Ukraine were insanely out of proportion, let alone chronic non-payment by Naftogaz for gas supplies. Therefore, given the ...
... it would be quite logical to increase exports to those countries which already are Russia’s customers. Today Turkey accounts for 17% of Russian export outside of FSU and gives hopes to increase this chare due to its 98% reliability on foreign gas. Overall, lower post-2008 crisis demand from EU accompanied by Gazprom’s increased production capacity makes it have a “take-it-all” stance on Turkey what would also help compensate loss of profit due subsidized low domestic price. Turkish stream will help deliver gas to Europe while making Russia ...
... on the continent.
People often make the mistake of thinking that the interests of Russia and the interests of Gazprom are the same. In this case, however, they are largely the same. The Russian government does not care who produces and supplies the gas – Gazprom or Novatek, which also seeks to export gas to Europe. All it cares about is whether these activities generate revenue. The intertwining of the government apparatus and Gazprom does not promote competition on the domestic market in Russia. The ...
... for 5.1 bcm
. The transit of Russian gas via Ukraine – requiring the usage of natural gas as a fuel for compressor stations – was one of key sources of Ukrtransgaz’ (transportation subsidiary of Naftogaz) income. In 2014, transit of Gazprom gas to Europe generated
17.42 billion UAH
($1.5 billion) in profits.
This sharp decrease in both consumption and imports was mostly due to the collapse of the country’s industrial sector.
According to various media reports, part of Ukraine’s ...
