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  The System Spill over   By proximity, Bulgaria mirrors Russian autocratic tendencies, including mimicking the state oligarchy model. Unlike Russia, however, the Bulgarian version can’t be sustained on “natural” resources – oil, gas, nuclear fuel-based wealth. Redistribution can be effectuated on added value and

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  The need to move beyond the Balkan Gas Hub “Russia-only” or “Russia-mainly” paradigm seems indispensable if the ‘hub’ project – in the broad sense – has any chance.   The talk of billions of cubic meters of natural gas from non-Russian sources deserves a

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    Quod licet Jovi, non licet bovi.   The Balkan gas hub has become synonymous and in many ways a substitute for Bulgaria’s energy policy in the field of natural gas. In order to avoid speculating about the concept’s different variations, hereinafter is the

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  Two events overshadowed the geopolitical landscape on the eve of President Trump’s visit to Poland to attend the Three Seas Initiative Summit. The TSIS is a joint Polish-Croatian project, launched in 2016, with the aim of strengthening trade, infrastructure, energy and political cooperation among

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  THE NEW US SANCTIONS AGAINST RUSSIA AND THE STRAINS IN TRANSATLANTIC RELATIONS     In a matter of a week, the cards in the geopolitical exchange between the US and Russia have been dramatically shuffled. The new bill, which passed by an overwhelming (97-2)

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  Gazprom again is launching its mothballed project of bypassing Ukraine with Russia’s own version of a ‘Southern Gas Corridor’. On May 4 the Audacia pipe-laying vessel, run by Allseas Group, reached Anapa on the Russian coast of the Black Sea. Ten days later, another

This entry was posted in The Region and tagged , , , , , , by Mikhail Krutikhin.

About Mikhail Krutikhin

Analyst and consultant on the oil and gas industry and politics in Russia; co-founder of and analyst with the RusEnergy consultancy in Moscow; editor-in-chief of The Russian Energy weekly newsletter. He previously served as editor-in-chief for the Russian Petroleum Investor and as associate editor for the Caspian Investor monthly magazines. Between 1972 and 1992, he worked for the TASS news agency in Moscow, Cairo, Damascus, Tehran, and Beirut, rising from correspondent to chief of bureau. Krutikhin graduated from Moscow State University majoring in Iranian linguistics, but later obtained his Ph.D. in modern history.
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  As the Bulgarian government is expected to comment on Gazprom’s draft commitment to the EC regarding the commission’s statement of objections on the Russian gas giant’s abuse of its dominant position, the issue of price formula and the choice between spot and oil-indexed price

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  Recent weeks have provided exemplary cases of the impact of Bulgaria’s high political risk on major projects and gas prices. The caretaker government exacerbates the situation; there is no parliament to control and preempt shady deals, and the gravity of public life and media

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Photo: flashnews.bg

The unusually cold winter renewed the dispute on the real accomplishments in energy security and diversification of routes and sources of natural gas. However, the energy system’s shortfalls exhibited during sustained high demand levels require a deeper analysis than the usual blend of suppliers’ blues

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  The new Russian pipeline projects – Nord Stream 2 and Turkish Stream – are designed to kill Ukrainian gas transit. However, there also is a collateral damage – the diversion of gas flows would significantly reduce transit volumes and hurt operators’ revenues in Slovakia,

This entry was posted in 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.