Sunday, February 08, 2015 8:40:00 PM
EU gas supply update .. history tidbits, too ..
"Pipeline Would Loosen Russian Stranglehold On European Natural Gas Supply"
Mergers: Commission approves acquisition of German and Dutch gas supply and storage joint ventures by Gazprom
Brussels, 04 December 2013
The European Commission has cleared under the EU Merger Regulation the proposed acquisition of (i) joint control over WINZ and Wintershall Services of the Netherlands and (ii) sole control over Wingas and WIEH of Germany by the Russian energy company Gazprom. The Commission concluded that the proposed transaction would not raise any competition concerns.
WINZ and Wintershall Services are active in oil and gas exploration and production in the North Sea, while Wingas and WIEH supply gas, mainly in Germany. .. http://europa.eu/rapid/press-release_IP-13-1207_en.htm
--
Russia's South Stream cancelled Dec '14
The project was dropped by the Russian side in December 2014 following the Russian invasion of Crimea
and the imposition of European sanctions on Russia. .. http://en.wikipedia.org/wiki/South_Stream
Why Europe opposition? This opinion looks feasible
"The South Stream pipeline may ultimately actually increase the EU’s gas dependence on Russia. It could also undermine the economic rationale of all other gas diversification projects in South Eastern Europe, as the regional gas demand is rather low and the regional gas dependence on Gazprom high. If instead Romania, Bulgaria, Greece, Cyprus and Croatia developed their own offshore conventional and onshore shale gas projects, it would increase their gas production, create many more sustainable jobs and offer export gas via much shorter and cheaper pipelines than Russia’s to other European countries."
http://www.nato.int/docu/review/2014/NATO-Energy-security-running-on-empty/Ukrainian-conflict-Russia-annexation-of-Crimea/EN/index.htm
So South Stream at the moment is kapoot, is the Russia to Turkey Blue Stream is Russai's go, which at present it seems has it's own problem's.
Blue Stream .. Gazprom's top priority .. Russia to Turkey
http://www.gazprom.com/about/production/projects/pipelines/blue-stream/
As of Jan. 21, 2015 Turkey looks to be somewhat stonewalling with tough negotiating on what it pays for Russian gas.
“Nothing is being discussed while we have not achieved a desirable discount on gas prices,” the Turkish official said.
http://www.nytimes.com/2015/01/22/business/international/russia-presses-ahead-with-plan-for-gas-pipeline-to-turkey.html?_r=0
--
Russia pressures EU over Turkish gas corridor
by Kostis Geropoulos 15.01.2015 - 14:47
European Commission Vice President in charge of the Energy Union Maros Sefcovic (L) speaks to Russian
Energy Minister Alexander Novak in Moscow, January 14. - EUROPEAN COMMISSION
The European Commission says that according to its information gas supplies to Europe are normal but warned Gazprom
to meet its obligations arising from existing gas contracts
Russia pressures EU over Turkish gas corridor
Russia has not reduced gas supplies to Europe, a European Commission spokesperson told New Europe on January 15. “To our information gas supplies are normal,” she said, brushing off Russian gas monopoly Gazprom’s warnings that there is a risk that Europe could see a drop in supplies piped via Ukraine this winter. She stressed that the “Commission expects that obligations arising from existing gas contracts are met”.
Russia surprised European Union officials again on January 14 with Gazprom saying it wants its natural gas exports to Europe to bypass Ukraine entirely and go via a proposed new pipeline to Turkey. Last month, Russian President Vladimir Putin, citing European Union opposition, abruptly cancelled the South Stream pipeline and instead named Turkey as a preferred partner.
Gazprom CEO Alexei Miller said on January 14 that European countries that want Russian gas will have to find a way to build pipelines to connect with Turkey. Russian Energy Minister Alexander Novak stated unilaterally, “The decision has been made”.
The European Commission spokesperson said on January 15 that the Commission takes note of Gazprom’s announcement. “Security of energy supply and gas co-operation in South East Europe and Ukraine are of paramount priority for the European Commission. Commission’s services will analyse Gazprom’s plan with the regard to its economic viability as well as regulatory and legal feasibility/consequences before taking a final position," the spokesperson said.
The Commission warned Gazprom not to jeopardise its reputation as a reliable gas supplier and respect existing contracts. It called on the Russian company to stay engaged with the EU at early stage and explore all supply options in the southeast region.
European Commission Vice President in charge of the Energy Union Maros Sefcovic, who met with Miller and Novak in Moscow on January 14, expressed reservations about Gazprom’s latest plan, saying “maybe we can find some better solution”. Sefcovic told reporters after talks with Russian officials that the decision makes no economic sense.
Miller said Gazprom plans to send 63 billion cubic metres – the same volume as the cancelled South Stream - through a proposed link under the Black Sea to Turkey, fully replacing shipments via Ukraine. About 40% of Russia’s gas exports to Europe and Turkey travel through Ukraine’s Soviet-era network.
Miller made it clear that Turkey, and not Bulgaria, will become the main gas hub between Russia and Europe. “South Stream is dead. For Europe there will be no other gas transit options to risky Ukraine other than the new Turkish Stream pipeline,” RIA Novosti quoted Miller as saying.
Russia’s relations with the EU have reached a post-Cold War low over Putin’s support for separatists in Ukraine.
Sefcovic said he was “very surprised” by Miller’s comment, adding that relying on a Turkish route, without Ukraine, won’t fit with the EU’s gas system. He said that Gazprom plans to deliver gas to Turkey’s border with Greece and “it’s up to the EU to decide what to do” with it further. “We don’t work like this,” he said. “The trading system and trading habits -- how we do it today -- are different.”
Echoing similar sentiments expressed by Sefcovic, Naftogaz CEO Andriy Kobolyev said on January 15 that indications that Gazprom plans to abruptly cease its decades-long gas relationship with the EU if it does not link up with Russia’s planned energy pipeline to Turkey are surprising, and make no economic sense.
“Forcing European countries to buy Russian gas at the Turkey-Greece border instead of using Ukraine’s existing infrastructure would abandon a perfectly well-functioning and reliable system in favour of investing billions of euros into a new one – a cost that would ultimately be paid by European households and businesses and would risk significant technical disruptions without offering any benefits. The same gas would be transferred, just through different channels. As such, this threat is a political bluff,” the Kobolyev said in a statement. He added that the company has taken numerous actions to clearly demonstrate Ukraine’s and Naftogaz’s commitment to EU energy security.
The EU is planning build an Energy Union, one of the political priorities of the Juncker Commission. There is generally broad consensus in Southeast Europe to increase integration of the region as to well as to provide real diversification of gas suppliers to the region, the Commission said.
See also:
Bulgaria embraces Energy Union after South Stream scrapping
http://www.neurope.eu/article/bulgaria-embraces-energy-union-after-south-stream-scrapping
http://www.neurope.eu/article/russia-pressures-eu-over-turkish-gas-corridor
--
The first meeting of the advisory council for the Southern Gas Corridor will be held in Baku on February 12
Azerbaijan, EU step up Southern Gas Corridor efforts
by Kostis Geropoulos
27.01.2015 - 15:47
On February 12, the first meeting of the advisory council for the Southern Gas Corridor will be held in Baku, Azerbaijan,
an important alterative supplier for the EU, the head of Azerbaijan’s Mission to the EU told New Europe.
http://www.neurope.eu/article/azerbaijan-eu-step-southern-gas-corridor-efforts
See also:
"Turkey appears to be saying, “Let’s not name it, but tolerate it and reap
the advantages of our ties with what amounts to an independent Kurdistan.”
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110673372
TAPI gas pipeline likely to complete by 2017-18
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94630351
"Pipeline Would Loosen Russian Stranglehold On European Natural Gas Supply"
Mergers: Commission approves acquisition of German and Dutch gas supply and storage joint ventures by Gazprom
Brussels, 04 December 2013
The European Commission has cleared under the EU Merger Regulation the proposed acquisition of (i) joint control over WINZ and Wintershall Services of the Netherlands and (ii) sole control over Wingas and WIEH of Germany by the Russian energy company Gazprom. The Commission concluded that the proposed transaction would not raise any competition concerns.
WINZ and Wintershall Services are active in oil and gas exploration and production in the North Sea, while Wingas and WIEH supply gas, mainly in Germany. .. http://europa.eu/rapid/press-release_IP-13-1207_en.htm
--
Russia's South Stream cancelled Dec '14
The project was dropped by the Russian side in December 2014 following the Russian invasion of Crimea
and the imposition of European sanctions on Russia. .. http://en.wikipedia.org/wiki/South_Stream
Why Europe opposition? This opinion looks feasible
"The South Stream pipeline may ultimately actually increase the EU’s gas dependence on Russia. It could also undermine the economic rationale of all other gas diversification projects in South Eastern Europe, as the regional gas demand is rather low and the regional gas dependence on Gazprom high. If instead Romania, Bulgaria, Greece, Cyprus and Croatia developed their own offshore conventional and onshore shale gas projects, it would increase their gas production, create many more sustainable jobs and offer export gas via much shorter and cheaper pipelines than Russia’s to other European countries."
http://www.nato.int/docu/review/2014/NATO-Energy-security-running-on-empty/Ukrainian-conflict-Russia-annexation-of-Crimea/EN/index.htm
So South Stream at the moment is kapoot, is the Russia to Turkey Blue Stream is Russai's go, which at present it seems has it's own problem's.
Blue Stream .. Gazprom's top priority .. Russia to Turkey
http://www.gazprom.com/about/production/projects/pipelines/blue-stream/
As of Jan. 21, 2015 Turkey looks to be somewhat stonewalling with tough negotiating on what it pays for Russian gas.
“Nothing is being discussed while we have not achieved a desirable discount on gas prices,” the Turkish official said.
http://www.nytimes.com/2015/01/22/business/international/russia-presses-ahead-with-plan-for-gas-pipeline-to-turkey.html?_r=0
--
Russia pressures EU over Turkish gas corridor
by Kostis Geropoulos 15.01.2015 - 14:47
European Commission Vice President in charge of the Energy Union Maros Sefcovic (L) speaks to Russian
Energy Minister Alexander Novak in Moscow, January 14. - EUROPEAN COMMISSION
The European Commission says that according to its information gas supplies to Europe are normal but warned Gazprom
to meet its obligations arising from existing gas contracts
Russia pressures EU over Turkish gas corridor
Russia has not reduced gas supplies to Europe, a European Commission spokesperson told New Europe on January 15. “To our information gas supplies are normal,” she said, brushing off Russian gas monopoly Gazprom’s warnings that there is a risk that Europe could see a drop in supplies piped via Ukraine this winter. She stressed that the “Commission expects that obligations arising from existing gas contracts are met”.
Russia surprised European Union officials again on January 14 with Gazprom saying it wants its natural gas exports to Europe to bypass Ukraine entirely and go via a proposed new pipeline to Turkey. Last month, Russian President Vladimir Putin, citing European Union opposition, abruptly cancelled the South Stream pipeline and instead named Turkey as a preferred partner.
Gazprom CEO Alexei Miller said on January 14 that European countries that want Russian gas will have to find a way to build pipelines to connect with Turkey. Russian Energy Minister Alexander Novak stated unilaterally, “The decision has been made”.
The European Commission spokesperson said on January 15 that the Commission takes note of Gazprom’s announcement. “Security of energy supply and gas co-operation in South East Europe and Ukraine are of paramount priority for the European Commission. Commission’s services will analyse Gazprom’s plan with the regard to its economic viability as well as regulatory and legal feasibility/consequences before taking a final position," the spokesperson said.
The Commission warned Gazprom not to jeopardise its reputation as a reliable gas supplier and respect existing contracts. It called on the Russian company to stay engaged with the EU at early stage and explore all supply options in the southeast region.
European Commission Vice President in charge of the Energy Union Maros Sefcovic, who met with Miller and Novak in Moscow on January 14, expressed reservations about Gazprom’s latest plan, saying “maybe we can find some better solution”. Sefcovic told reporters after talks with Russian officials that the decision makes no economic sense.
Miller said Gazprom plans to send 63 billion cubic metres – the same volume as the cancelled South Stream - through a proposed link under the Black Sea to Turkey, fully replacing shipments via Ukraine. About 40% of Russia’s gas exports to Europe and Turkey travel through Ukraine’s Soviet-era network.
Miller made it clear that Turkey, and not Bulgaria, will become the main gas hub between Russia and Europe. “South Stream is dead. For Europe there will be no other gas transit options to risky Ukraine other than the new Turkish Stream pipeline,” RIA Novosti quoted Miller as saying.
Russia’s relations with the EU have reached a post-Cold War low over Putin’s support for separatists in Ukraine.
Sefcovic said he was “very surprised” by Miller’s comment, adding that relying on a Turkish route, without Ukraine, won’t fit with the EU’s gas system. He said that Gazprom plans to deliver gas to Turkey’s border with Greece and “it’s up to the EU to decide what to do” with it further. “We don’t work like this,” he said. “The trading system and trading habits -- how we do it today -- are different.”
Echoing similar sentiments expressed by Sefcovic, Naftogaz CEO Andriy Kobolyev said on January 15 that indications that Gazprom plans to abruptly cease its decades-long gas relationship with the EU if it does not link up with Russia’s planned energy pipeline to Turkey are surprising, and make no economic sense.
“Forcing European countries to buy Russian gas at the Turkey-Greece border instead of using Ukraine’s existing infrastructure would abandon a perfectly well-functioning and reliable system in favour of investing billions of euros into a new one – a cost that would ultimately be paid by European households and businesses and would risk significant technical disruptions without offering any benefits. The same gas would be transferred, just through different channels. As such, this threat is a political bluff,” the Kobolyev said in a statement. He added that the company has taken numerous actions to clearly demonstrate Ukraine’s and Naftogaz’s commitment to EU energy security.
The EU is planning build an Energy Union, one of the political priorities of the Juncker Commission. There is generally broad consensus in Southeast Europe to increase integration of the region as to well as to provide real diversification of gas suppliers to the region, the Commission said.
See also:
Bulgaria embraces Energy Union after South Stream scrapping
http://www.neurope.eu/article/bulgaria-embraces-energy-union-after-south-stream-scrapping
http://www.neurope.eu/article/russia-pressures-eu-over-turkish-gas-corridor
--
The first meeting of the advisory council for the Southern Gas Corridor will be held in Baku on February 12
Azerbaijan, EU step up Southern Gas Corridor efforts
by Kostis Geropoulos
27.01.2015 - 15:47
On February 12, the first meeting of the advisory council for the Southern Gas Corridor will be held in Baku, Azerbaijan,
an important alterative supplier for the EU, the head of Azerbaijan’s Mission to the EU told New Europe.
http://www.neurope.eu/article/azerbaijan-eu-step-southern-gas-corridor-efforts
See also:
"Turkey appears to be saying, “Let’s not name it, but tolerate it and reap
the advantages of our ties with what amounts to an independent Kurdistan.”
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110673372
TAPI gas pipeline likely to complete by 2017-18
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94630351
It was Plato who said, “He, O men, is the wisest, who like Socrates, knows that his wisdom is in truth worth nothing”
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