Views:1327
gazoprovod

  The Turk Stream is not only about bypassing Ukraine. It is a direct response by Gazprom to challenge the Southern Gas Corridor and natural gas from the Caspian Sea. The race to secure parallel routes, block transmission and storage capacities have been part and parcel of the strategy to protect market shares and pre-empt competitors from the gas market in South East, East and Central Europe, where Russia used to sell more than 70 billion cubic meters. The CEE market has long been considered ‘isolated’ thus doomed to be captured. Yet it remains critical for Gazprom’s revenue base as regional gas prices also include a monopoly premium. Natural gas prices for Moldova, Ukraine and Bulgaria are over $220 per thousand cubic meters, while at gas hubs in “old Europe”

Views:3077
Gennady Timchenko and Arkady Rotenberg

  Russia launched the Nord Streams as a political endeavor to bypass this Ukraine and forge a strategic alliance with Germany to subjugate Eastern Europe. Germany was not the only partner, Austria also joined in. Ample proof in the outspoken Russian lobby among Austrian politicians and businessmen. Germany has its Schroeder; Austria has a long list of his kins – from Straße to Schussel.   German politicians have their own business plan, calculated financial benefits at the expense of Eastern Europe. Their symbiosis with the Russian oligarchy is striking, with more evidence and proofs, as Russian oligarchs Timchenko and Rothenberg build and receive billions in inter-related project orders for gas infrastructure, connecting the Yamal gas fields to the Baltic ($ 4 billion), to the Black Sea ($ 15 billion). The

Views:7644
Ukraine-Russia-Pipelines1

  Loss of Ukrainian gas transit does increase the risk of military conflict.     In October 2013, I came across an anonymous blogger’s note about Russia forming a separate air assault brigade to stop shale gas development in Eastern Ukraine [1]. It was several months before the Ukrainian revolution of 2014 [2], and I dismissed the news as fake. However, after the start of combat activities in the Ukrainian provinces of Donetsk and Luhansk, the note made a lot of sense.   Coincidentally or not, the gas supply system of Gazprom was ready for the war in Ukraine.  For many years Rostov-on-Don and two more provinces of Southern Russia were receiving gas through Eastern Ukraine. In 2007, Gazprom commissioned a bypassing pipeline enabling “to directly supply gas to Russian

This entry was posted in Bulgaria, Europe, The Region and tagged , , , , , , by Mikhail Korchemkin.

About Mikhail Korchemkin

Dr. Mikhail Korchemkin is the founder and managing director of East European Gas Analysis, a consulting company that specializes in cost-benefit and financial analysis of natural gas projects in the former Soviet Union. His previous experience includes performing numerous feasibility studies for the USSR Gas Ministry, predecessor of Gazprom. Prior to going into full-time consulting Mikhail taught at the University of Pennsylvania. He has also had visiting scholarships at Harvard University and Erasmus University in Rotterdam. Mikhail has consulted numerous corporate and governmental clients including ABN-AMRO Bank, Amoco, BP, British Gas, Chevron, Conoco, Ernst & Young, ExxonMobil, Gas Strategies, Gasunie, Neste Oy, Osaka Gas, OTA of the U.S. Congress, Ruhrgas, Shell, Statoil , Swedegas, Total, Vattenfall and The World Bank. He has acted as expert witness in arbitration cases concerning natural gas business in Russia and Eastern Europe.
Views:5418
map-nord-stream_1

  The German government is continuing to insist that the Nord Stream-2 is pure business, no politics. Having read the feasibility study commissioned by the Nord Stream-2 consortium and executed by Arthur D. Little in 2017, one should not second guess the real motives of both the Russian and the German governments – there is a list of jointly agreed countries that stand to gain and by extension that stand to lose. What is missing in the study is the list of countries that are bound to lose.   The consultant has been asked to assess the economic impact of the project – “the activities and investments, related to the Nord Stream-2 project on those countries that are either directly involved in the project, or have contributed with materials or

Views:5005
gasprom-bulgargaz

  Last week deputies and members of the Energy Commission voted on the amendments to the Energy Act which launches the Balkan gas exchange, thus pushing the process of liberalization of the gas market. This belated action is due in part to the pressure from the European Commission as Bulgaria remains a blank spot on the EU gas market.   The gas exchange and the trading platform are a key element in the overall concept of the Bulgarian gas hub, the crown jewel in the efforts of the Bulgarian government in the gas sphere over the recent years.   The liberalization of the gas market is closely related to the existence of a trading platform and the goal of attracting sufficient gas liquidity for distribution through the “hub”.   The

Views:6411
GAZ 1

  Once Russian gas is dried out in the Ukrainian gas transportation system the country is in trouble. Bulgaria and Poland may come to help, rather than Germany and Brussels.     No one is guilty that on December 31, 2019 the current transit contract between Naftogaz of Ukraine and Gazprom of Russia ends. As the same time two highly controversial bypassing projects will soon become operational – North Stream-2 and Turkish Stream. That will end an era of the decades long Ukrainian gas transportation business of approximately 90 bcm per year from Russia to Europe and Turkey. Taking into account the hurdles the notorious North Stream-2 is facing the physical transit may not end completely but commencing on January 1, 2020 there will be no more long-term commitments on

This entry was posted in Bulgaria, Europe, The Region and tagged , , , , by Sergiy Korsunsky.

About Sergiy Korsunsky

Director of the Hennadii Udovenko Diplomatic Academy of Ukraine since October 2017. Dr. Sergiy Korsunsky served as Ambassador Extraordinary and Plenipotentiary of Ukraine to the Republic of Turkey in 2008-2016. Prior to that for three years he served as Director-General of the Economic Department, Ukrainian Ministry of Foreign Affairs and Minister-Counselor and Acting Ambassador at the Embassy of Ukraine in the USA fin 2000-2005. Ambassador Korsunsky has extensive professional experience in strategic planning and development, including energy, trade and investment policy, regional security. He is a well known expert on geopolitics of energy. Dr. Korsunsky authored more than 200 publications, including 10 books. In 2008 he was awarded by the President of Ukraine for his economic achievements.
Views:6825
transbalkan1

  Let us state the publicly known facts and try to assess the business merits of the deal. Bit by bit, slowly and systematically, so that even non-experts can understand.   We have a standing valid gas transit contract between Gazexport and Bulgartransgaz, using the current Trans-Balkan Pipeline, until 2030 with “secure” revenues of $ 1.2 billion. This is not the total contract amount, just the ‘ship or pay’ segment, accrued until the end of the contract. This is regardless of whether Gazprom decides to end transit through Ukraine, to take up alternative routes through Turkey, Germany or the North Pole. Cash in hand. Or almost.   Giving up on these receivables is a condition sine qua non, set by Gazprom, if we want to enter into the new venture

Views:6838
lng_vessel

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