RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2014-09-03 18:00:00

EU HELP UKRAINE

EU HELP UKRAINE

Slovakia opened a pipeline on Tuesday able to deliver natural gas from the European Union to Ukraine, marking a major step in the bloc's efforts to aid the country in its escalating dispute with Russia.

Opening up so-called reverse gas flows eastward is part of the EU's response to Gazprom's decision to cut supplies to Kiev on June 16 in a row over pricing and in the wake of Moscow's annexation of Crimea.

Ukraine's Prime Minister Arseny Yatsenyiuk said the opening of the pipeline that could potentially meet up to 20 percent of Ukraine's demand showed his country was united with the European Union, which is also worried about a Russian supply cut this winter.

"Ukraine can state today we made this first step together with our Slovak friends and the European Commission to diversify the energy supply and to decrease energy dependence," Yatseniuk told reporters at a gas pumping station near the Ukraine border.

Russia has halted gas flows to Ukraine three times in the past decade - in 2006, 2009 and since June this year - because of price disputes with Kiev, although this year gas intended for EU customers have so far continued to flow via Ukraine.

The problem for Ukraine is that continental Europe's pipeline infrastructure was built from East-to-West in order to import Russian gas, a situation that has spurred EU officials to open up reverse supply routes to help Ukraine.

Russia is Europe's biggest supplier of oil, coal and natural gas, and its pipelines through Ukraine are currently subject to political manoeuvring, not for the first time, as the West and Moscow clash over the latter's military action in Ukraine.

Russia has been hit by heavy sanctions over its move on Crimea and accusations it is supporting separatists in east Ukraine with troops and funds, claims it denies.

GERMANY IS KEY

Should supplies to Europe dry up, it is likely that Germany will be first in line to ensure smooth supplies this winter due in part to healthy reserves and steady deliveries from the Yamal and Nord Stream pipelines, both of which avoid Ukraine.

Germany also has access to North Sea pipelines linking it to Norwegian, Dutch and British gas fields, and it can also bring in liquefied natural gas (LNG) imported by tankers from North Africa and the Middle East to Belgium and the Netherlands.

German utility RWE earlier this year delivered small supplies to Ukraine from its pan-European portfolio via Poland and Slovakia to demonstrate that shipping gas eastward was a viable option.

EU Energy Commissioner Guenther Oettinger, a German national, has also suggested the reverse routes could protect more vulnerable countries in Europe under a worst-case scenario of a prolonged Russian gas cut.

"There will be solidarity in the EU with the southeast of the bloc if it is short of gas," one eastern Germany-based trader said. "Russia knows that and how much is at stake. I believe there will be a political solution."

Hungary and Poland also have pipelines able to send gas eastward to Ukraine but the Slovak link -- which is also part of the site which is the main transit point for Russian supplies to the EU via Ukraine -- boasts the biggest capacity of the three.

The pipeline, an upgraded previously unused link leading from the Vojany power station near the Ukrainian border to the western Ukrainian town of Uzhgorod, can supply up to 10 billion cubic metres (bcm) of gas a year.

Slovak Prime Minister Robert Fico told a news conference at a pumping station near the Ukraine border that reverse flows from Slovakia, Hungary and Poland should cover Ukraine's mid-term gas import needs. Last year, Russia supplied about half of the 50 billion cubic metres of gas Ukraine used.

The Slovak pipeline operator Eustream estimated it would ship 22.4 million cubic metres through the pipeline on Tuesday while the Slovak economy minister said the link was ready to run at full capacity.

"If we put together three reverse points in Slovakia, Hungary and Poland then we can reach 25 billion cubic metres a year in the mid-term horizon which would provide the solution Ukraine needs at the moment," Fico told reporters.

reuters.com

Tags: RUSSIA, EU, UKRAINE, GAS, OIL
Chronicle:
EU HELP UKRAINE
2022, August, 12, 08:44:00
6TH ANNUAL LNG SUMMIT USA
The 6th Edition of Wisdom’s Much Acclaimed Annual LNG Summit Will Be Held Live in Houston - PREPARING THE INDUSTRY FOR THE RISE IN DEMAND FOR LNG
EU HELP UKRAINE
2022, August, 12, 08:43:00
2022 SAUDI PIPELINES INTERNATIONAL CONFERENCE & EXIBITIONS
Eventat Co (a Saudi local company) is hosting the first-ever “2022 Saudi Pipelines International Conference & Exhibitions” from 4-6 October, 2022 at the Dhahran Expo, Dammam (Eastern Province), Kingdom of Saudi Arabia. The three-day conference and exhibition are dedicated to bringing together over “50+ Regional/International speakers, 100+ Sponsors/Exhibitors, 1000+ Delegates and 3000+ Visitors” from around the globe who carry significant interest in enhancing the pipelines lifecycle for the current and future.
EU HELP UKRAINE
2022, August, 12, 08:42:00
9TH INTERNATIONAL LNG CONGRESS LNGCON 2023
9th International LNG Congress (LNGCON 2023) 6-7 March, 2023 Link to the Congress website: https://bit.ly/3tXVmr7
EU HELP UKRAINE
2022, August, 12, 08:40:00
GERMANY'S HARD WINTER
With nearly half of German homes relying on gas for heating, the country faces potential rationing if it fails to secure sufficient reserves.
EU HELP UKRAINE
2022, August, 12, 08:35:00
LIMITED RUSSIA SANCTIONS
Russian oil production in July was only 310,000 b/d below prewar levels, a fall of less than 3 per cent, while total oil exports were down about 580,000 b/d, according to the IEA’s latest monthly oil report.
EU HELP UKRAINE
2022, August, 12, 08:30:00
BRITAIN'S HARD WINTER
Under the government’s latest “reasonable worst-case scenario,” Britain could face an electricity capacity shortfall totaling about a sixth of peak demand, even after emergency coal plants have been fired up, according to people familiar with the government’s planning.
EU HELP UKRAINE
2022, August, 12, 08:25:00
GLOBAL LNG UNCERTAINTY
The money lost is dwarfed by enormous profits both BP and Shell recorded this year on the back of soaring refining margins and high oil and gas prices.
All Publications »