Tag Archives: gas agreement

The countdown to a new gas crisis

For Naftogaz Ukraine, things are very clear: the company has no money to pay for gas. Annual gas war between  Russia and Ukraine, most likely, can start again. The president of Ukraine, Victor Yushchenko, has addressed to the chief of National Bank of the country, Vladimir Stelmahu with the request to solve this problem. The national bank of Ukraine will lead board meeting which should solve — whether to allocate the help for Naftogaz Ukraine.

The vice-president of Gazprom, Alexander Medvedev said that the payment should be put into practice today or no later than the following days until January 11. Notice that Russia and Ukraine agreed new terms on December 2009 for oil transit to Europe, averting the threat of another year-end energy crisis after Prime Minister Vladimir Putin accused Kiev of “abuse” on the deal. “We are ready to deliver, we have a contract, but if any of the transit countries abuse, what can you do?”  premier Vladimir Putin said during a visit to Russia’s Far East region. Amid the numerous allegations of election campaign, the Ukrainian president again criticizes Yulia Timoshenko’s government for the gas contracts signed in January, 2009 with Russia. In the same time, Ukrainian Prime Minister Yulia Timoshenko  (who ranked second in the election battle after pro-Russian candidate Viktor Yanukovici) denied her country would have any problem paying its Russia gas bills. I recall that in Ukraine on January 17 will be held first round of presidential elections. Although after discussions in December with Yulia Timoshenko, Prime Minister Putin said that all conditions have been created to avoid a new gas crisis, but admitted that problems could arise due to fight election in Ukraine. The countdown started.

Update 8 ian. 2010: Ukrainian company Naftogaz has paid the full bill for natural gas supplied by Russia in December 2009, officially confirmed a spokesman for the Russian giant Gazprom.

Nabucco – at the stage of office image, yet

In Ankara, the capital of Turkey, representatives of Romania, Bulgaria, Hungary, Austria and Turkey signed an intergovernmental agreement for the Nabucco pipeline project.

Intergovernmental agreement signing was expected with the emotions of all involved in the Nabucco project, especially when it is decisive for the construction pipelines. Emotions were created especially harsh conditions put by Turkey, a country which will host most of the pipeline. According to many analysts, Nabucco, the pipeline will supply Central and Western Europe with natural gas from Asia, has two major meanings. First, the nature of practice is a new source of raw materials for large gas consumers in Europe. The second is political significance: the EU proves that Russia, despite differences between Member States, may find an alternative to quasi-monopoly Gazprom.

image-2009-07-10-5942162-41-proiectele-conducte-gaze-din-europaThe agreement signed today becomes effective once all countries will ratify. Project costs are estimated at 7.9 billion, but fund raising many questions. Financial crisis even more difficult process of attracting investors. Another problem is the lack of reliable suppliers in the long term. Agreements with gas suppliers such as Iraq, Egypt and Turkmenistan are still at the discussion level, yet. After countless delays, work has started for 2011, first gas deliveries are expected in 2015.  In addition, clamp reducing of dependence of Russian gas is just an exercise of the image. Nabucco will provide only 20% of Europe’s gas, the remaining 80% will come from all Gazprom pipelines.

An interesting opinion that I noticed it is the director of the National Institute for Energy Security of Russia, Constantin Simonov. “This project is a symbol of the EU political ambitions, but this work would have to lose both Russia and Europe. Leaders in Moscow will be more difficult to negotiate with the responsible middle of Asia: they will have to promise loans, support in some projects or projects for the blocking of certain countries. And the EU will be forced to take account  one of future transit country – Turkey, which long time wishs to take part in the European family ” concluded Simonov.

Ukraina – Russia gas agreement has been released to the press

pricegaz_a_pic1A purported text of the gas agreement, signed on January 19 by Gazprom and Naftogas Ukrainy, has been released to the Vedomosti, but Gazprom and Naftogaz officials refuse to answer questions about the terms of the new contract.

Mention, The National Security and Defense Council postponed consideration of gas agreements with Russia, scheduled for today, Ukrainian News has learned from a well-informed source in the NSDC Administration.


Ukraine’s Naftogaz CEO undergoes heart surgery

The head of Ukraine state-run gas company Naftogaz, Oleh Dubyna, who played a central role in ending the recent gas dispute between Kiev and Moscow, has undergone heart surgery, the county’s premier said.

“The Naftogaz CEO is currently in intensive care, he has undergone heart surgery,” Yulia Tymoshenko said on Ukrainian television.