‘ Vladimir Putin Intervenes Between Gazprom and Rosneft Over Access to Trans-Sakhalin Pipeline’

#AceFinanceNews – MOSCOW – July 16 – Russian President Vladimir Putin has interfered in a conflict between gas giant Gazprom and oil major Rosneft on access to the trans-Sakhalin pipeline, ordering to work out the possibility of handing the pipe to the state, which could mean permission for Rosneft to use it, business daily Kommersant reported on Wednesday citing sources.

 

Last week Putin ordered the government to work out the transition of the infrastructure of projects developed under the production sharing agreement to the Federal State Property Management Agency. These projects are Sakhalin-1, Sakhalin-2 and the development of the Kharyaginskoye field, the sources said.

 

In this case Rosneft will get access to the pipeline to pump gas from its future liquefied natural gas plant, which Gazprom refused to give, saying that there is no free capacity. Rosneft wants 8 billion cubic meters of capacity out of the pipeline’s 18.6 billion cubic meter capacity.

 

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#gazprom, #kommersant, #lng-train, #rosneft, #sakhalin, #sakhalin-ii, #sakhalin-khabarovsk-vladivostok-pipeline, #vladimir-putin

`We are Not Going to Pay 500 USD Per Thousand Cubic Meters of Gas Yatsenyuk ‘

#AceFinanceNews – BERLIN – May 28 – Ukraine’s government-appointed Prime Minister Arseniy Yatsenyuk has confirmed that Ukraine is ready to sue Russia at the Stockholm Chamber of Commerce Arbitration Institute over its dispute over gas prices.

“We are not going to pay 500 USD per thousand cubic meters of gas,” Yatsenyuk told an energy security conference in Stockholm.

“No one has the right to use gas as a political weapon. At the same time, Kiev admits there is an outstanding debt,” Yatsenyuk said.

 

Gazprom’s Chief Alexei Miller said that Ukraine’s outstanding debt for Russia might reach 5.2 billion dollars by June 7.

#ANS2014 

 

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Gazprom/CNPC Agreement: ` Ink Barely Dry on the Paper and Gas Holding’s Stocks Rocket by 20% ‘

#AceFinanceNews – MOSCOW – May 21 – Russian gas monopoly Gazprom will get $25 billion in prepayment from the Chinese National Petroleum Corporation (CNPC) to be allocated for the Sila Sibiri (Power of Siberia) pipeline under the gas supply deal, a source close to Gazprom told ITAR-TASS.

Supplies of Russias Natural Gas

 The amount is similar to the earlier announced cost of the pipeline with an annual capacity of up to 38 billion cubic metres.

Construction would start as soon as the contract is signed, said Gazprom’s CEO Aleksey Miller. Gas should first be sold – this is the formula Gazprom had always stuck to, he said.

The companies signed the 30-year contract for gas supplies worth $40 billion to China via the eastern route pipeline on Wednesday.

Miller described the deal as Gazprom’s so far major gas contract but declined to reveal the gas price referring to commercial confidentiality.

The document granted the sides preferential tax regimes, he added.

Russian President Vladimir Putin told journalists in Shanghai works would start on the next day after the deal, as the sides would start to work on the western route for supplies from Western Siberia.

No strong growth in Gazprom stocks is to be expected over the short-term as the contract with China had already been priced in.

The gas holding’s stocks have already rocketed more than 20% from the local low of 122.8 rubles ($3.559 exchange rate fixed at May 21) per stock on April 28 to 149 rubles ($4.3) on Tuesday.

#ANS2014 

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` Gazprom Getting Ready to Sign 30 Year Gas Contract with China ‘

#AceFinanceNews – RUSSIA/CHINA – May 19  – Russia and China are set to sign a long-awaited 30-year gas contract during a two-day meeting, when Russian President Vladimir Putin visits Shanghai on May 20-21.

Gazprom

Gazprom, Russia’s largest natural gas producer, and China National Petroleum Corporation (CNPC) are set to sign a gas deal that will send 38 billion cubic meters of natural gas a year eastward to China’s burgeoning economy, starting in 2018.

The timing is almost flawless as Russia is looking to shield itself from Western sanctions by pivoting towards Asia, and China desperately needs to switch from dirty coal to more environmentally friendly natural gas.

“The arrangements on export of Russian natural gas to China have nearly been finalized. Their implementation will help Russia to diversify pipeline routes for natural gas supply, and our Chinese partners to alleviate the concerns related to energy deficit and environmental security through the use of ‘clean’ fuel,” President Vladimir Putin said.

The deal has been on the table for over 10 years, as Moscow and Beijing have negotiated back and forth over price, the gas pipeline route, and possible Chinese stakes in Russian projects. The gas price is expected to be agreed at between $350-400 per thousand cubic meters.

The deal has been on the table for over 10 years, as Moscow and Beijing have negotiated back and forth over price, the gas pipeline route, and possible Chinese stakes in Russian projects.

The gas price is expected to be agreed at between $350-400 per thousand cubic meters.

” Of course Russia wants to sell gas and resources at the highest possible prices. But because of the sanctions from European partners, we need to find a partner that can buy our gas long-term, which is why at the moment China looks very attractive to us,” Aleksandr Prosviryakov, a partner at Lakeshore International, a Moscow-based asset management firm, told RT at a Confederation of Asia Pacific Chambers of Commerce and Industry (CACCI) in Moscow ahead of the big meeting on Tuesday.

On Sunday, Gazprom chief Aleksey Miller sat down with his CNPC counterpart, Zhou Jiping, in Beijing to discuss final details, including price formulas.

 

Russia-China-Oil-Pipeline

But the sticking point is how to finish the pipeline from Russia to China.

Currently there is one complete gas pipeline that runs throughout Russia to the Chinese border, “Siberian Power” which Gazprom broke ground on in 2007, three years after Gazprom and CNPC signed a strategic cooperation agreement in 2004.

The pipeline stretches across Russia’s Far East and after extension to China, it will deliver gas to the country’s populous north, near Beijing.

“Now is the time for Russia to compromise a little bit so that they can lessen their dependence on Western Europe as a buyer of Russian gas. Diversification is a strategy for Russia to have good long-term business relationships with both Europe and China,” Benedicto Yujuico, president of the Confederation of Asia-Pacific Chambers of Commerce and Industry, told RT at an Asian business gathering in Moscow on Wednesday. 

 

A record amount of agreements are expected to be signed at the working meeting between Russia and China. Already 30 out of the 43 prepared agreements are expected to be inked, according to presidential aide Yury Ushakov, as reported by RIA Novosti. 

 

http://tinyurl.com/lscg22h

http://tinyurl.com/lscg22h

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` Russia’s Gazprom Demands $1.66 Billion Prepayment from Ukraine ‘

#AceFinanceNews – MOSCOW – May 13 – Russia’s Gazprom demanded a $1.66 billion pre-payment from Ukraine for June gas deliveries on Tuesday, saying the neighbouring country had only half its requirements in storage to ensure a trouble-free winter.

Gazprom

Citing a preliminary bill, Moscow pressed ahead with its demand that Ukraine pay for June deliveries early next month, heightening a dispute over price that is pushing the two countries closer to another gas war that could cut supplies.

Previous disputes over gas have left Europe, which gets around a third of its gas needs from Russia, with limited supplies at the height of winter, spurring it to look for alternative producers. But so far it has been unable to break its dependence on Moscow.

State-controlled Gazprom said the bill was based on Ukraine taking up a contractual amount of 114 million cubic metres per day, or 3.4 billion cubic metres for the month in total.

“Taking into account non-working days, Naftogaz should pay this bill by June 2 and, starting from June 3, the company will be getting gas… only at the volumes paid for,” spokesman Sergei Kupriyanov said in a statement.

This means that Ukraine needs to pay $1.658 billion for June’s gas deliveries based on a price of $485 per 1,000 cubic meters, he added.

Naftogaz confirmed it had received the bill but declined to comment further.

http://tinyurl.com/m7ucuzb

http://tinyurl.com/m7ucuzb

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` European Union not Happy with Russia’s Uniform Gas Pricing as a One Price Suits All Policy ‘

#AceFinanceNews – BRUSSELS – May 09 – Russian Ambassador to the European Union Vladimir Chizhov said EU governments and energy companies are not happy with the idea of uniform price for Russian gas.

“EU Energy Commissioner [Gunther] Oettinger’s idea to fix a uniform gas price for all EU members does not make EU governments or companies very happy,” Chizhov told Russian reporters.

“Also, it contradicts the entire philosophy of the EU energy policy, about which Mr Oettinger makes constant and pretentious declarations concerning the need of competition on the European market,” the envoy said. “That is, he is opposed to Gazprom’s monopoly yet support the monopoly of the European Commission. That European consumers will find this price advantageous is far from certain.”

Russian Oil and Gas News Sources
Contributions from Tass

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#AceFinanceNews KIEV May 08 Ukraine is continuing to…

#AceFinanceNews – KIEV – May 08 – Ukraine is continuing to import gas from Poland and Hungary using a reverse-flow supply scheme, the press service of the Ministry of Energy and Coal Industry said on Thursday, May 8.

“Starting from May, Ukraine has been receiving up to 14 million cubic metres of natural gas from Hungary daily in reverse-flow mode,” the ministry said.

“Technically, the maximum amount of 4 million cubic metres of gas can be supplied through Poland daily for the time being, or about 1.5 billion cubic meters a year,” it said.

According to Ukrainian Energy and Coal Industry Minister Yuri Prodan, reverse-flow supplies can reach 8 billion cubic metres by September 1, 2014, not by 2015. Gas will be supplied by the Vojany-Uzhgorod pipeline, not the transit pipeline.

EU Energy Commissioner Guenther Oettinger said such supplies would not require the Russian company’s agreement and would give Ukraine up to 10 billion cubic metres of a gas a year but stressed that reverse-flow gas supplies from Slovakia to Ukraine by the trunk pipeline would be impossible without Gazprom’s consent as it would run counter to the Slovak company Eustream’s contractual obligations.

Oettinger believes that diversification of supplies will help to solve Ukraine’s gas problem in part. However reverse-flow supplies from Poland and Hungary by the Vojany-Uzhgorod pipeline will not be enough for Ukraine get through the coming winter comfortably.

Kiev is planning to buy about 290 million cubic metres of gas in Europe in reverse mode (about 140 million cubic metres will be delivered through Poland and the rest through Hungary).

Russian News – Press – Itar-Tass

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#europe, #gazprom, #hungary, #kiev, #poland, #slovakia, #ukraine

#AceFinanceNews MOSCOW May 08 Russia will supply natural…

#AceFinanceNews – MOSCOW – May 08 – Russia will supply natural gas to Ukraine on a prepaid basis from June 1, Energy Minister Alexander Novak said on Thursday, May 8.

“May 7 was the last day when Ukraine had to pay for the gas supplied. We have not received any payment from Naftogaz Ukrainy since March of this year. Ukraine’s overall debt for gas has reached 3,508 billion U.S. dollars up to date,” he said.

In accordance with Clauses 5.1.5 and 5.8 of the contract for the supply of gas made by and between Gazprom and Naftogaz of Ukraine in 2009, failure to perform the obligations entails an automatic transition to gas supplies on a prepaid basis from June 1, 2014, Novak said.

On May 16, Gazprom will issue a preliminary bill for the supply of gas in June. Ukraine will have an opportunity to pay this bill by May 31, in which case the amount of gas to be supplied in June under the advance payment will not exceed the volume paid for until May 31.

Russian News and Oil Media Sources

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` Ukraine’s PM Yatsenyuk Ultimatum to Russia $268 per 1,000 Cubic Metres Agree 30 Days Contest Debt in Court ‘

#AceFinanceNews- KIEV – April 28 – Ukraine is ready to pay the price of 268 US dollars per 1,000 cubic metres of Russian gas, parliament-appointed Prime Minister Arseniy Yatsenyuk said on Monday, April 28.

This is 45% below the established price of gas.

If Moscow disagrees, Kiev will be prepared to contest its debt in court, he said.

Yatsenyuk told reporters that a “note” had been sent to Russia’s Gazprom, which “states the price”.

If Gazprom accepts the proposed terms, Ukraine will pay the gas debt of 2.2 billion US dollars immediately.

If no solution is found within 30 days, the dispute will be taken to court.

#AFN2014

#arseniy-yatsenyuk, #gazprom, #kiev, #moscow, #ukraine

US Tracing Vladimir Putin’s Secret Bank Accounts and Sanctions on John Mc Cain ‘

#AceFinanceNews – MOSCOW – April 20 – The report in The Times on potential sanctions targeting President Vladimir Putin’s alleged secret personal wealth, is “apparently a hoax” presidential spokesman Dmitry Peskov told Ekho Moskvy radio.

In the article it claimed the president had $ 40 billion in the accounts in Swiss banks. Presidential spokesman denied the presence of Vladimir Putin that kind of money.

In an interview with “Echo of Moscow” Dmitry Peskov said that the president should not fear sanctions. Earlier, the U.S. imposed sanctions against several dozen Russians, including the environment of Vladimir Putin.

“Why would anyone be scared of sanctions, especially as absurd as these?” Peskov commented.
“This can only be joked about.”

Washington, D.C. – U.S. Senator John McCain (R-AZ) today released the following statement on being sanctioned by Russian President Vladimir Putin:

“I guess this means my spring break in Siberia is off, my Gazprom stock is lost, and my secret bank account in Moscow is frozen. Nonetheless, I will never cease my efforts on behalf of the freedom, independence, and territorial integrity of Ukraine, including Crimea.”

The British newspaper reported that American financial investigators, who previously traced Al-Qaeda funding, would find the secret $40 billion of Putin’s money in numbered Swiss bank accounts, so that it can fall under US sanctions.

More soon ………………………………

Ace Related News:
1. PRESS RELEASE – John Mc Cain – http://www.mccain.senate.gov/public/index.cfm/press-releases?ID=fb0cfcb4-99c3-4ee5-b4ee-c761faa766a3

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#al-qaeda, #british, #dmitry-peskov, #gazprom, #moscow, #president-vladimir-putin, #us, #us-senator-john-mc-cain, #washington