#AceFinanceNews – MOSCOW – April 22 – Russia’s aid for Ukraine during the entire post-Soviet period was worth approximately a quarter of a trillion dollars, the Voice of Russia radio quoted Prime Minister Dmitry Medvedev as saying.
Commenting on the statements of Russian MPs in the State Duma on Tuesday, he said that about $250 billion was a fair figure.
“This is the size of the support that we may have provided to our Ukrainian friends and brothers during the entire post-Soviet period at the expense of all sorts of preferences, including the non-market conditions for gas trade,” Medvedev said.
Tass – RT – VoR
#AceFinanceNews – Moscow – April 14 – China takes interest in alternative energy projects in Crimea, Russian Vice-Premier Arkady Dvorkovich.
“We also agreed (during talks in China) that we will look into new projects, including in our new regions. Chinese colleagues who deal with alternative energy, take interest in these projects in the Republic of Crimea,” Dvorkovich said at a session chaired by Prime Minister Dmitry Medvedev.
Gazprom’s contract on supplies of Russian gas to China would be finalized by the upcoming visit to China by Russian President Vladimir Putin, due in May, he said at a session chaired by Prime Minister Dmitry Medvedev on Monday.
Also Russia may increase electricity, coal supplies to China fourfold.
“Talks on gas are nearing completion, and there is a general intent to finish that work before Russian president’s visit,” he said.
Tass – Russian Media and Energy News Sources.
#AceFinanceNews – UKRAINE – April 10 – (Neurope) – Ukraine has suspended natural gas intake from Russia since April 1 as a result of a price hike, the country’s Energy Minister Yury Prodan said Wednesday.
"We are not pumping Russian gas today, but we still have time to resume the appropriate gas flows," Prodan told a media briefing.
The suspension came after Russian gas monopoly Gazprom cancelled discounts on natural gas supplies to Ukraine, citing Kiev's non-fulfilment of its debt obligations and "changing circumstances" over Crimea.
Russia set the price of gas to Ukraine at 485 U.S. dollars per 1,000 cubic meters.
Prodan said his country is ready to resume gas imports from Gazprom if Moscow returns to the price of 385 dollars.
As of early April, Ukraine’s accumulated debt for gas supplies from Russia topped 2 billion dollars.
In 2010, Russia and Ukraine signed a gas-for-fleet agreement, with Moscow offering a discount for gas in exchange for extending its lease of the Black Sea Fleet in Crimea for another 25 years.
The Kremlin said the pact was no longer valid as Crimea joined Russia after a referendum last month.
#AceFinanceNews – TEHRAN – April 07 – Iran-Russia economic relations are developing, Deputy Minister of Industries, Mines and Trade, Mehdi Karbasian said on Monday. In an interview with IRNA, he said “There are good potentials for boosting cooperation between Tehran and Moscow.”
He called signing of a new contract between Iranian Industries Development and Renovation Organization and Russian oil and gas construction company (Stroytransgaz) as an example of growing bilateral ties.
Under the contract, Stroytransgaz will render engineering, procurement and construction (EPC) services to produce alumina from nepheline syenite in a mine at Sarab, East Azarbaijan province.
As an example of growing bilateral ties, Mehdi mentioned the signing of a new contract between Iranian Industries Development and Renovation Organisation and Russian oil and gas construction company Stroytransgaz. (Tass).
Under the contract, Stroytransgaz will provide engineering, procurement and construction services to produce alumina from nepheline syenite in a mine at Sarab, East Azarbaijan province, IRNA said.
The facility will be commissioned in 3-4 years.
#AceFinanceNews – KIEV- April 03 – Crimea will need 3-5 years and almost 5 billion U.S. dollars to achieve energy self-sufficiency, parliament-appointed Energy and Coal Industry Minister Yuri Prodan said.
“This is a very complex issue. Crimea is dependent in terms of energy, of course. The autonomy depends on the Ukrainian energy system by 90 percent, and if the ties are broken, the peninsula will face serious energy problems,” he told the Government Courier on Thursday, April 3.
He noted that the question of energy self-sufficiency “will be settled after the adoption of the law on temporarily occupied territories”.
The construction of new power generation capacities for Crimea will cost about 90-100 billion roubles, Russian Energy Minister Alexander Novak said earlier this week.
“On the average, we think that it will cost 1,500-2,000 U.S. dollars to build one kW of generation capacities. So 1,320 MW may cost 90-100 billion roubles at the current exchange rate,” the minister said.
He said natural gas for power generation in Crimea might come from the South Stream gas pipeline to pass by along the Black Sea bottom.
“These will most likely be power plants working on the gas which is extracted here in Crimea and the gas which can be taken from South Stream,” he said.
Crimea’s gas producing company Chernomorneftegaz plans to extract over two billion cubic metres of gas in 2014, which is 15 percent more than the peninsula needs, the CrimeaInform news agency said.
Russian and Crimea News