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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:2780
ilian vassilev

The interview first published in icis.com on 2019/09/03. Author: Aura Sabadus LONDON (ICIS)–A renewed nuclear arms race and climate activism may lend a new lease of life to nuclear power generation for now, but cheap gas and hefty state subsidies are sapping its long-term business case, Bulgaria’s former ambassador to Russia told ICIS. Ilian Vassilev, an energy market specialist, described cheap nuclear energy as a contradiction in terms, not only due to state aid forked out in the form of grants, benefits or exemptions, but also production costs, waste fuel and storage management or substantial risk insurance. “Long-term PPAs [power purchase agreements] are quickly becoming a relic, which undermines the sustainability of the revenue base needed to substantiate ultra-capital intensive nuclear power plants (NPPs). NPPs are impossible without state support in one

Views:8224
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:5170
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

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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

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lng_vessel

Sorry, this entry is only available in Bulgarian.

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putin_gazprom

  This is the key line Russian President Putin used at the plenary session of the International Arctic Forum, which was instantly relayed by all Russian media, mainly by TASS, Russia Today and Sputnik. There is nothing new in this vintage Russian propaganda, which is echoed by pro-Russian politicians in the EU – Russian gas is indispensable and the cheapest gas in the world, while US-sourced LNG is expensive and inferior in quality.   EU budgets, he asserts further, will have to compensate European consumers for the price difference between US LNG and pipeline gas from Russia. Even if one sets aside the basic fact that the budgets of EU countries and that of the Russian state are profoundly different in structure, the EU legal and regulatory bases make it

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russia europa

  My favorite Russian diplomat is Ambassador Chizhov. He tops my rankings as the most outspoken Russian diplomat on a range of hot topics in EU-Russia relations. He is entrusted by the Kremlin to challenge the EU on its home turf each and every time the European Council, the European Commission or the European Parliament passes a motion that affects Moscow’s interests. One clear mark of President Putin’s personal trust in him is the fact that Vladimir Chizhov is spending his record 14th year in office as Russia’s Permanent Representative to the European Union.   He did not waste time in reassuring Russians and Russia’s friends and partners that the amendments to the EU Gas Directive passed by the European Parliament on April 4th, amending key regulations for gas pipelines

Views:9742
bulgargaz

  Bulgaria’s natural gas monopoly has finally announced in public its intent to buy natural gas in the second quarter of 2019 for its needs using an open and competitive procedure. This is the official narrative, at least what Bulgargaz is trying to sell to the public. The volumes are more than modest – 22 million cubic meters in April and 62 million cubic meters in May and June. That is nothing dramatic, yet the management and the government media use the opportunity to trumpet a major shift in Bulgaria’s longtime allegiance to Gazprom, as the country remains the sole SEE state with a near total dependence on Russian gas.   The national gas company, Bulgargas, has long been accused of acting as a Gazprom proxy with Stockholm syndrome, refusing