Tue Feb 1st, 2022 at 03:19:37 PM EST
Gas prices tumble as US-Russia talks intensify and Europe experiences a mild winter.
Will Nord Stream 2 start/shut-down operations soon?
European Gas Prices Tumble as Russia Boosts Flows Via Ukraine | Bloomberg - Feb. 1, 2022 |
Contract talks interfered with anti-Russia position in Washington DC
Ukraine asks Gazprom to extend gas transit deal for 15 years | BNI - Nov. 24, 2021 |
Ukraine has asked Russia's gas behemoth Gazprom to extend the current gas transit deal that expires in 2024 for another 15 years and offered to cut transit fees in half.
Ukraine's Prime Minister Denis Shmyhal said in an interview with Radio Svoboda on November 21 that Ukraine wants to extend the transit contract with Gazprom and is currently negotiating with its European partners.
The Russian government reported the start of talks on a new transit deal on September 8 held by Russian Deputy Prime Minister Alexander Novak and the German government's commissioner for gas transit through Ukraine, Georg Graf Waldersee.
"Germany has been, is and will remain the main partner for the Russian fuel and energy complex in the European direction," Novak said at the time.
Can Ukraine do without Russian gas transit fees? | DW News |
In 2020, the Gas Transmission System Operator of Ukraine (GTSOU) said that Russian transit volumes through Ukraine were 55.8 bcm, way below the 89.6 bcm in 2019.
Gazprom signed off on a new transit deal brokered by the European Commission in December 2019 that commits it to send 40 bcm via Ukraine's Druzhba pipeline until 2024.
The European Commission told Platts it was working to secure long-term transit through Ukraine beyond the accord's 2024 expiry date and Ukraine asked Gazprom to extend the deal for a further 15 years, even offering to cut transit fees in half.
"The key issue is geopolitical, not financial," Chris Miller, assistant professor of international history at Tufts University, told DW.
"The Russia-Ukraine contract is a controversial gas contract because of the risk that Russia stops gas transit through Ukraine after the contract expires," Miller said.
Sergiy Makogon, CEO of GTSOU, told BNE last year that if Russia stopped using Ukraine as a transit route after 2024, Ukraine might have to decommission much of its network, as it would be too expensive to maintain. Russia would reportedly have to transit at least 30 bcm via Ukraine each year to keep the domestic pipe network viable commercially.
Floating war hysteria in a digital age of an alternate world
Key words | NY Times | CNN Breaking News | BBC News | Sky News | Murdoch's WSJ |
Remarks by President Biden and His Highness Sheikh Tamim Bin Hamad Al-Thani, Amir of the State of Qatar Before Bilateral Meeting
And today, in the United Nations, we've laid out the full nature of Russia's threat to Ukraine's sovereignty and the territorial integrity of Ukraine, as well as the core tenants of a rule-based international order. And we -- we continue to urge diplomacy as the best way forward. But with Russia continuing its buildup of its forces around Ukraine, we are ready no matter what happens.
I also want to note that the UAE defeated a ballistic missile attack launched by the Houthis -- a separate issue -- from Yemen yesterday. And we've been in daily contact with the UAE to address those threats.
And I've directed Secretary Austin to do everything he can to communicate the support of the United States for the UAE, Saudi Arabia, and throughout the Gulf region. America will have the backs of our friends in the region.
Today -- but I'm honored to be here with a good friend, who has been wonderful -- relationship since I've been President, and then before. The Sheikh is -- I want to welcome you to the White House.
Three Kings of Orient bring their gifts of gold, frankincense, and myrrh ...
Airbus says it revokes Qatar order for 50 A321 jets as rift widens | CNBC - Jan. 22, 2022 |
Sanctions ready to impound Nord Stream 2
😉 there have always been problems in the relationship 🇺🇦 🇷🇺 after the Orange Revolution ... each and every President was accused of being a traitor and corruption ... creating new oligarchs.
The Ukraine's Future is H2 producer
Perhaps this visit to Iran was most promising for detente ...