Search: European Union,Gazprom (12 materials)


The Fight for Nord Stream 2: The Interests of all the Players Involved

... a restriction of competition.” Poland has also tried to influence the European Commission (EC). For instance, Warsaw took the issue of expanding the provisions of the Third Energy Package to include maritime parts of gas pipelines running into the European Union. The new rules would mean that Gazprom would only be able to transport up to 50 per cent of the capacity of Nord Stream 2. It is a move designed to create unfavourable conditions for the project’s investors. Only 27.5 billion cubic metres of the originally planned 55 billion cubic ...


Gazprom Gaining Ground in Europe

... towards the «North Stream-2» pipeline construction or towards the gradual decline of Russian supplies via Baltic sea ports. The EU investigation led by the European Commissioner for Competition Margrethe Vestager, was based on the belief that Gazprom broke European Union Competition Law when supplying gas to eight countries of the integration unit - Bulgaria, Hungary, Latvia, Lithuania, Poland, Slovakia, Czech Republic, and Estonia. In addition to overpricing, another alleged offense is tying gas contracts ...


Russian Gas Projects in the Context of New Paradigm

... encouraging other actors to join US-led organizational frameworks. Despite controlling 175000 km of pipelines and being present in more than 50 international and 20 domestic projects, Russia’s current position is shaky. Governmental favoritism of Gazprom, who has a privileged position with regards to controlling export routes, striped other companies such as Novatek and Rosneft of support in LNG projects that could take relevant place in South-East Asia in order to help Russia decrease its dependency ...


Despite the Sanctions and Ukraine

... “strong preference for pipelines that unite rather than for pipelines that divide.” Two weeks later, Gazprom succeeded in reaching an agreement with Slovakia’s Eustream on using Slovakia’s gas transport system as part of Nord Stream 2. Gazprom’s negotiating position was also favourably affected by the failed military coup in Turkey, which led to a rapprochement between Moscow and Ankara and a renewal of Turkish Stream negotiations. Relations between Turkey and the European Union have cooled noticeably after the attempted military coup, partially because of Recep Ergodan’s threats to introduce death penalty, which could complicate their cooperation on the Southern Gas Corridor. The European Commission insists ...


Germany and Russia Intensify Gas Cooperation Despite Political Tension

... encompass the entire value-chain of the natural gas sector. The pinnacle of recent collaboration has been the initiation of the Nord Stream-2 project, which has the potential to completely substitute Ukrainian transit routes. On top of that, in 2015 Gazprom has delivered to Germany a record quantity of 45.3 bcm of natural gas. What’s more intriguing is the 19% increase in gas deliveries to Germany for the first quarter of 2016, when compared to 2015 Q1 delivered quantities. The implications ...


Turkey’s price arbitrage with Gazprom over Turkish Stream

... hub for Europe will be located at the border of Turkey and Greece. Being a strategically important transit point for Russian gas going to Europe and bypassing Ukraine, Turkey tries to increase its bargaining power and engages into price arbitrage with Gazprom: 10.25% discount offered by Gazprom is deemed insufficient and Turkey does not want to receive anything less than15%. Under the tightened atmosphere of the Syrian military theatre, Turkey threatens to cut off imports should her conditions be not ...


Nord Stream 2: Pros and Cons

... associated with conducting business with Ukraine – especially as the pipeline will probably not run at full capacity (which is the case with the first Nord Stream pipelines) – but it will minimize them significantly. And this is precisely what Gazprom needs, given its financial balance has been hovering in the red for some time now. The only serious obstacle to the project is the fact that the EU structures represent the interests of almost the entire continent. At least seven European Union countries – Poland, Romania, Slovakia, Hungary, Latvia, Lithuania and Estonia – have, out of fear of losing transit fees or out of blatant Russophobia, protested the Nord Stream 2 project. On the basis of the petition signed ...


Serbia Becomes Europe

... called upon the region’s business community to improve their ‘economic cooperation’. Vucic will undoubtedly appreciate the opinions and ideas expressed by US Vice President Biden, Deputy Secretary of State Blinken, and Senator McCain. Gazprom Victor Katona: Serbia Becomes Europe If successful, these negotiations could be a starting point for a new stage in Serbia’s EU integration. The Individual Plan envisions Serbia finalizing the demarcation of its borders with its neighbours ...


Travelling into the Past and Back

... the harder it will be for them to accept it as each of them has long been following its own course. Stanislav Pritchin dwells on what Russia can do to attract Central Asia’s interest in the energy sector. In his opinion, the declared changes in Gazprom’s strategy of business operation in Europe should be accompanied by a revision of relations with Central Asian countries which have always been viewed as competitors. Pyotr Stegny writes about the vast opportunities opening up before Turkey ...


The Course of South Stream

... southern part. The main stumbling block is that the project did not – and does not – conform to the standards of the Third Energy Package ratified by the European Commission’s Agency for the Cooperation of Energy Regulators with regard to European Union and third party states. More specifically, the European side was not satisfied with Russia’s unwillingness to allow other suppliers to use the project’s infrastructure, and the fact that Gazprom would be the main operator. All this despite the fact that Brussels had no qualms about making such demands while offering no financing of its own whatsoever. Russia had teamed up with a number of private European investors to front around $15 ...


Poll conducted

  1. In your opinion, what are the US long-term goals for Russia?
    U.S. wants to establish partnership relations with Russia on condition that it meets the U.S. requirements  
     33 (31%)
    U.S. wants to deter Russia’s military and political activity  
     30 (28%)
    U.S. wants to dissolve Russia  
     24 (22%)
    U.S. wants to establish alliance relations with Russia under the US conditions to rival China  
     21 (19%)
For business
For researchers
For students