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Gazprom

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Russia has enough gas for everyone

The June 26 speech by Alexey Miller, the chairman of the board of Gazprom, at the annual general meeting of shareholders proved to be a cold shower for all those who hoped that Russia would pull out of Europe’s gas markets. Despite the fact that much of his report was devoted to Gazprom’s operations in the Russian Far East, the data Miller provided confirmed that Russian gas will not be squeezed out of Europe’s energy balance. Moreover, in the coming years Russian gas supplies will continue to play a steadily larger role in ensuring European energy security...

Pyotr ISKENDEROV | 04.07.2015


 

Do you have a plan, Mr. Vučić?

«Do I have a plan? I have three whole plans!» once declared the hero of a popular animated series based on a work by Jules Verne. And it would be worth asking the same question to all those involved in the global energy games. Russia and Turkey definitely have more than one plan regarding the transportation of energy resources. Their plans are being developed increasingly actively and are being pushed forward by Central European countries headed by Slovakia. And what about Serbia? Does Aleksandar Vučić’s government (which bought 1.5 billion cubic metres of gas from Gazprom in 2014, more than any other former Yugoslav republic put together) have any kind of independent and thought-out plan besides the appeals ringing out, with or without reason, to its «American friends»? Or are the Serbian authorities actually preparing a secret channel for tankers with liquefied natural gas to get to Belgrade?..

Pyotr ISKENDEROV | 21.06.2015


 

Gasprom Can Put the Relations with Europe on Hold

The dialogue on gas issues between Russia and Europe is in deadlock... At the present moment, everything depends on Europe... The South Stream experience should teach Europeans a lesson. Gasprom inserted changes into its policy. The following comments regarding the move in December 2014 by Gazprom CEO Alexei Miller clearly showed this shift: «The principle of our strategy in relation to the European market is changing... If the buyer doesn’t want the purchase to be delivered home, perhaps he needs to get dressed and go to the store; if it happens in winter, perhaps he needs to get dressed more warmly»...

Pyotr ISKENDEROV | 24.04.2015


 

Russian Gas and European Interests

Europe is running low on time. It has yet to create the infrastructure for transit of Russian gas from Turkey. Speaking at the Valdai Club conference on European energy security in Berlin on April 13, Gazprom CEO Alexey Miller said the European infrastructure for accepting deliveries of Russian gas through Turkish Stream should be in place by 2019. Joining Miller, Russian Economy Minister Alexander Novak added that «the [transit] contract [with Ukraine] is in force until the end of 2019»... He also said that Gazprom has no need to discuss Turkish Stream’s leg under the Black Sea with its European partners. Europe has to define its priorities in energy and it has a limited choice...

Pyotr ISKENDEROV | 17.04.2015


 

Balkans and Geography of Turkish Stream

Russia's Stroytransgaz has announced that it will build a gas pipeline across (FYR) Macedonia... The importance of the pipeline going across Macedonia is immense. It will become the key component of all-Balkans energy system linked to the Russia-Turkey joint Turkish Stream project on the construction of gas route leading to Central and South Europe... Gasprom and its Turkish partners want to finish the construction as early as they can...

Pyotr ISKENDEROV | 21.03.2015


 

Turkey and Gazprom. The geopolitics of pipelines

...The year 2019, when Russian gas will bypass Ukraine and go through Turkey, will be here soon. Somewhere that is well understood. In particular, in Hungary. The prime minister of that country, Viktor Orban, stated that anti-Russian sanctions «were in conflict with Hungary’s interests,» and that he intends, in his words, «to come to terms with Russia on a gas agreement» during a meeting with Russian President Vladimir Putin in Budapest. Putin arrives in the Hungarian capital on February 17th. 

Pyotr ISKENDEROV | 04.02.2015


 

EU Energy Crisis: Russia Cuts Off Gas Supplies through Ukraine To Six European Countries

Vladimir Putin ordered the Russian state energy giant Gazprom to cut supplies to and through Ukraine amid accusations,  according to The Daily Mail,  that its neighbor has been siphoning off and stealing Russian gas. Due to these “transit risks for European consumers in the territory of Ukraine,” Gazprom cut gas exports to Europe by 60%, plunging the continent into an energy crisis “within hours.”

EDITOR'S CHOICE | 15.01.2015


 

Ukraine Dips Into Dwindling Reserves To Pay Gazprom

The money has to come from somewhere. Ukraine will pay Russian natural gas company Gazprom the roughly $4.5 billion it owes in late payments from cash it has piling up in an already dwindling foreign reserve account, the National Bank of Ukraine said on Monday. Ukraine’s economy is once again on crisis footing. Earlier this year, it reached a deal for a $17.01 billion bailout package with the International Monetary Fund. That’s more than the country has in foreign reserves, which stood at just $16.3 billion in September, according to the IMF.

EDITOR'S CHOICE | 04.11.2014


 

Ukraine’s Debt Burden as Europe’s Next Big Headache

On October 30 Russia, Ukraine and the European Commission signed a deal that will see Moscow resume vital supplies of gas to its ex-Soviet neighbor over the winter, as well as the transit to Europe... Will Ukraine carry out its commitments this time? Neither Moscow, nor Brussels could be sure of that. The document is signed by the Ukraine’s government which is to resign soon. Arseniy Yatsenyuk has chances to continue holding the position of Prime Minister. Not once he was responsible for Ukraine derailing the tripartite talks constantly changing its stance and putting forward unacceptable conditions...

Olga SHEDROVA | 04.11.2014


 

Banned from US Banks, the Gazprom Turns To Even Bigger Banks In China

Russian state owned oil company Gazprom is turning to China for foreign sources of capital now that the U.S. and European financial markets are closed to them.  Gazprom said in a press release posted on its website today that it was in talks with the behemoth Industrial and Commercial Bank of China for funding. The statement did not say whether funding would be provided, however.

EDITOR'S CHOICE | 19.10.2014




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OUR COLUMNIST
    Wayne MADSEN

70-th Anniversary of «The Bomb's» Use Against Civilians

It has been 70 years since the United States became the only nation in history that deployed two atomic «weapons of mass destruction» against civilian populations. On August 6, 1945, a B-29 known as the Enola Gay took off from Tinian island, north of Guam. After flying six hours to the main Japanese island of Honshu, pilot Paul Tibbets flew his aircraft over the city of Hiroshima released «Little Boy», an atomic bomb with the explosive power of 16 kilotons of TNT...

29.07.2015
 
 
 
 
 
 
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