The document summarizes the ongoing dispute between Gazprom of Russia and Naftogaz of Ukraine over natural gas supply contracts. It discusses how the dissolution of the Soviet Union impacted gas reserves and supply routes between the two countries. The dispute involves pricing disagreements as well as political tensions. A temporary settlement was reached in 2006 involving a five-year contract and price concessions, but long term solutions proving difficult due to political differences between Russia and Ukraine remain elusive.
The fear of war is looming over Europe, is this World War 3 is the question in everyone's mind. Russia has amassed a huge number of troops on the border of Ukraine. The leaders of the Western countries (US, Germany, U.K. and Canada) have asked their citizens to immediately leave Ukraine.
Russia is going to occupy Ukraine having announced about garrisoning Russian military forces in Ukraine in order to protect Russian citizens in Ukraine from nonexistent threats.
Looks like a war against the neighbour is a thoroughly planned operation, prepared long time ago.
The fear of war is looming over Europe, is this World War 3 is the question in everyone's mind. Russia has amassed a huge number of troops on the border of Ukraine. The leaders of the Western countries (US, Germany, U.K. and Canada) have asked their citizens to immediately leave Ukraine.
Russia is going to occupy Ukraine having announced about garrisoning Russian military forces in Ukraine in order to protect Russian citizens in Ukraine from nonexistent threats.
Looks like a war against the neighbour is a thoroughly planned operation, prepared long time ago.
THE RUSSIA AND UKRAINE CONFLICT AS A NEW FOCUS OF WAR IN THE WORLDFernando Alcoforado
This article aims to analyze the current conflict between Russia and Ukraine, point out its causes and consequences from a geopolitical point of view and the risks it represents for the outbreak of a war with global repercussions. There are several countries that can become outbreaks of wars in the world, highlighting, among them, Palestine, Israel, Iran and North Korea. Now, Ukraine is part of the list of countries that are the focus of a new world war.
Presentation I made for a lecture, which summarizes the main events of the Crisis highlighting, in particular, the role of the EU and other International Organizations in attempting to solve the situation.
Xinshen Diao and James Thurlow
POLICY SEMINAR
The Ukraine crisis: Unraveling the impacts and policy responses in low- and middle- income countries
AUG 31, 2022 - 9:30 TO 11:00AM EDT
Russian President Vladimir Putin launched a military operation against Ukraine on February 24. The forces invaded Ukraine from several directions and this is being seen as the beginning of war in Europe over Russia's demands for an end to NATO's eastward expansion
Putin denied for months that he was planning an invasion. However, today, in a televised speech, he declared that he had ordered "a special military operation" to protect Russian citizens who had been subjected to "genocide" in Ukraine
Historical backdrop
The tensions between Russia and Ukraine go years back. However, tensions escalated in 2021 when Ukrainian President Volodymyr Zelensky urged US President Joe Biden to let Ukraine join NATO.
Ukraine is a democratic country of 44 million people, with over 1,000 years of history. It also happens to be the biggest country in Europe by area after Russia.
After the fall of the Soviet Union, it voted for independence from Moscow. Putin deems Ukraine as an artificial creation carved from Russia by enemies. He has also described Ukraine as a puppet of the West.
Zelensky's request to be a part of NATO angered Russia and it started placing troops near the Ukraine border.
On November 10, 2021, the US reported unusual Russian troop movements near the Ukrainian border. On November 28, Ukraine said Russia is massing nearly 92,000 troops for an offensive at the end of January or early February.
However, Moscow denied it and accused Kyiv of a military build-up of its own.
In December, President Biden warned of severe sanctions if Russia invaded Ukraine. Putin has constantly demanded guarantees from the West and Ukraine that it will not join NATO.
2014 invasion
This is not the first time that tensions have mounted between Russia and Ukraine. Russia had invaded Ukraine in 2014 and annexed its Crimean peninsula. Rebels backed by President Putin seized large swathes of eastern Ukraine and fought the army. The attack came in when its pro-Russian president was deposed. The war has claimed over 14,000 lives since then.
What does Ukraine want?
A 2001 poll suggests that nearly half of Ukrainians supported the country’s exit from the Soviet Union. Now, over 80 per cent of people support Ukraine’s independence.
Current situation
As Russia continued to launch missiles, Ukraine's military claimed at least "50 Russian occupiers" were killed. "Shchastya is under control. 50 Russian occupiers were killed. Another Russian plane was destroyed in the Kramatorsk district. This is the sixth," Ukraine's military said.
Russo-Ukrainian War[c] is an ongoing international conflict between Russia and Russian-controlled separatists against Ukraine, which began in February 2014.[d] Following Ukraine's Revolution of Dignity, Russia annexed Crimea from Ukraine and supported pro-Russian separatists in the war in Donbas against Ukrainian government forces; fighting for the first eight years of the conflict also included naval incidents, cyberwarfare, and heightened .
Presented by Xinshen Diao, Paul Dorosh, and James Thurlow, all with the International Food Policy Research Institute, Washington DC. This is part of the Global Crisis Country Series.
The causes of the crisis in Ukraine are mainly geopolitical and strategic. What is at stake is not, in fact, Ukraine's accession to the European Union because this has very little to offer in promoting the country's development. Ukraine only has to lose. Many industries will no longer operate or will be dominated by European multinationals and small farmers will be ruined. But what the United States intends through the incorporation of Ukraine to the European Union is, above all, allow NATO forces are stationed on the border of Russia. The most likely future scenario for the outcome of the political crisis in Ukraine is the division of the country, with the Crimea already incorporated into Russia and the transformation of eastern, central-eastern and southern Ukraine in an autonomous region of Kiev government if it is held the agreement of the European Union and Ukraine or occur its annexation to Russia if NATO forces are stationed in Ukraine. The civil war that has started in Ukraine can turn into a military conflict involving NATO forces and Russia to unpredictable consequences.
THE RUSSIA AND UKRAINE CONFLICT AS A NEW FOCUS OF WAR IN THE WORLDFernando Alcoforado
This article aims to analyze the current conflict between Russia and Ukraine, point out its causes and consequences from a geopolitical point of view and the risks it represents for the outbreak of a war with global repercussions. There are several countries that can become outbreaks of wars in the world, highlighting, among them, Palestine, Israel, Iran and North Korea. Now, Ukraine is part of the list of countries that are the focus of a new world war.
Presentation I made for a lecture, which summarizes the main events of the Crisis highlighting, in particular, the role of the EU and other International Organizations in attempting to solve the situation.
Xinshen Diao and James Thurlow
POLICY SEMINAR
The Ukraine crisis: Unraveling the impacts and policy responses in low- and middle- income countries
AUG 31, 2022 - 9:30 TO 11:00AM EDT
Russian President Vladimir Putin launched a military operation against Ukraine on February 24. The forces invaded Ukraine from several directions and this is being seen as the beginning of war in Europe over Russia's demands for an end to NATO's eastward expansion
Putin denied for months that he was planning an invasion. However, today, in a televised speech, he declared that he had ordered "a special military operation" to protect Russian citizens who had been subjected to "genocide" in Ukraine
Historical backdrop
The tensions between Russia and Ukraine go years back. However, tensions escalated in 2021 when Ukrainian President Volodymyr Zelensky urged US President Joe Biden to let Ukraine join NATO.
Ukraine is a democratic country of 44 million people, with over 1,000 years of history. It also happens to be the biggest country in Europe by area after Russia.
After the fall of the Soviet Union, it voted for independence from Moscow. Putin deems Ukraine as an artificial creation carved from Russia by enemies. He has also described Ukraine as a puppet of the West.
Zelensky's request to be a part of NATO angered Russia and it started placing troops near the Ukraine border.
On November 10, 2021, the US reported unusual Russian troop movements near the Ukrainian border. On November 28, Ukraine said Russia is massing nearly 92,000 troops for an offensive at the end of January or early February.
However, Moscow denied it and accused Kyiv of a military build-up of its own.
In December, President Biden warned of severe sanctions if Russia invaded Ukraine. Putin has constantly demanded guarantees from the West and Ukraine that it will not join NATO.
2014 invasion
This is not the first time that tensions have mounted between Russia and Ukraine. Russia had invaded Ukraine in 2014 and annexed its Crimean peninsula. Rebels backed by President Putin seized large swathes of eastern Ukraine and fought the army. The attack came in when its pro-Russian president was deposed. The war has claimed over 14,000 lives since then.
What does Ukraine want?
A 2001 poll suggests that nearly half of Ukrainians supported the country’s exit from the Soviet Union. Now, over 80 per cent of people support Ukraine’s independence.
Current situation
As Russia continued to launch missiles, Ukraine's military claimed at least "50 Russian occupiers" were killed. "Shchastya is under control. 50 Russian occupiers were killed. Another Russian plane was destroyed in the Kramatorsk district. This is the sixth," Ukraine's military said.
Russo-Ukrainian War[c] is an ongoing international conflict between Russia and Russian-controlled separatists against Ukraine, which began in February 2014.[d] Following Ukraine's Revolution of Dignity, Russia annexed Crimea from Ukraine and supported pro-Russian separatists in the war in Donbas against Ukrainian government forces; fighting for the first eight years of the conflict also included naval incidents, cyberwarfare, and heightened .
Presented by Xinshen Diao, Paul Dorosh, and James Thurlow, all with the International Food Policy Research Institute, Washington DC. This is part of the Global Crisis Country Series.
The causes of the crisis in Ukraine are mainly geopolitical and strategic. What is at stake is not, in fact, Ukraine's accession to the European Union because this has very little to offer in promoting the country's development. Ukraine only has to lose. Many industries will no longer operate or will be dominated by European multinationals and small farmers will be ruined. But what the United States intends through the incorporation of Ukraine to the European Union is, above all, allow NATO forces are stationed on the border of Russia. The most likely future scenario for the outcome of the political crisis in Ukraine is the division of the country, with the Crimea already incorporated into Russia and the transformation of eastern, central-eastern and southern Ukraine in an autonomous region of Kiev government if it is held the agreement of the European Union and Ukraine or occur its annexation to Russia if NATO forces are stationed in Ukraine. The civil war that has started in Ukraine can turn into a military conflict involving NATO forces and Russia to unpredictable consequences.
This is Team C´s work in Global Negotiations II (Dr. E. Borris) about the conflict between Russia and Ukraine.
Crimea, center stage of the conflict
Gas to heat Europe
Crisis 2012
Sanctions to Ukraine
Barricades in Kiev
Reviving the Soviet Unión collapse
Negotiating Style of Ukraine, Russia, Germany, France and United States.
Team C:
David Altmayer
Steven Bay
Matt Daniels
Rosa M. Panadero M.
Cindy Posey
Location analytics: A New Dimension for your ApplicationsEsri India
Presentation by Agendra Kumar, President, Esri India at India Geospatial Forum 2014, Hyderabad (5-7th Feb) on Location Analytics - A New Dimension for your Applications
The European Union’s (EU) consumption of natural gas has been growing rapidly over the last two decades. Gas has become an increasingly important component of the EU’s energy mix, with gas-fired power plants gradually replacing less environmentally friendly coal plants. Domestic gas production covered close to 60 percent of the EU’s consumption needs during the 1990s, but by 2007 it declined substantially around 40 percent (see Figure 1). The rest is imported from three main sources: Russia (around 40 percent of total gas imports), Norway (around 25 percent) and various African countries among them Algeria, Nigeria, Libya and Egypt which account for around 25 percent. The last few years have also heightened public worries in Europe over the security of its gas supplies, primarily those imports coming from Russia. These fears were partly confirmed in January 2009 when several EU and non- EU countries faced a sudden cut in their gas supplies. The Russian- Ukrainian stand-off only reinforced the argument that more needs to be done to strengthen the reliability of access to vital energy resources.
Authored by: Wojciech Paczynski
Published in 2009
Russia's gas pivot to Asia: a short-sighted policy or a long-term strategy?Olga Gerasimchuk
This presentation aims to examine the reasons which have prompted Russia to seek closer gas cooperation with Asia Pacific countries (mainly China), as well as hightlight its current gas pipeline and LNG projects in the East.
Turkmen gas for consumers in Europe – a fully fledged Southern Gas Corridor i...ITE Oil&Gas
Presentation at GIOGIE 2014 (Georgian International Oil, Infrastructure and Energy Conference) on Turkmen gas for consumers in Europe - Southern Gas Corridor.
By Giorgi Vashakmadze, Director, Corporate Development, W-Stream Caspian Pipeline Company Ltd
Learn more about Southern Gas Corridor: recenent developments and prospects at GIOGIE Conference (25-26 March). http://www.giogie.com/Home.aspx
With the beginning of the millennium,
Most of the world countries started to turn
toward the natural gas as an alternative
energy resource instead of crude oil and
harmless resource for the environment.
Global conflict signs started to shape
because of the countries’ interests
encounter - specially, in the near and
middle east regions.
In this presentation, I will try to explain
these signs by dividing the related
countries to three categories:
1- Consuming Countries.
2- Producing Countries.
3- Transit Countries.
Southeastern Mediterranean hydrocarbons - A new energy corridor for the EU?Harris Samaras
The (a) confirmation of significant quantities of hydrocarbons in Cyprus, (b) the scientific estimates of equally significant quantities in the south and southwest of the Greek island of Crete and (c) the officially declared increased cooperation between Cyprus, Israel and Greece to jointly exploit their hydrocarbon deposits may prove to be a tremendous opportunity not only for Cyprus, Greece and Israel but for the EU as a whole.
World renowned scientists claim that the hydrocarbon deposits that lie south and southwest of the island of Crete are huge; and maybe bigger than those in the Levantine Basin; they dare to state that within the EEZ of Greece there may be as much as 51 tcm of natural gas! Could this lead into the making of a new energy corridor for the EU? Shouldn’t the EU be more actively involved in the efforts of its member countries, Greece and Cyprus? Isn’t this for the EU a project of Pan-European interest thus include it in its energy policy, coordinate and assist with technical knowhow but also with political leverage and other? As critical year 2020 is around the corner, aren’t the already scientific interpretations important enough to accelerate the EU think tanks and policy institutes view on the whole issue?
Are Russia and the EU planning a zombie pipeline network?Nicholas Newman
The question being raised in Europe is many of the new gas pipelines being planned by both Moscow and Brussels may not be required. Since 2008, overall demand for power has contracted by 1.2 % per year, reports European Commission's “Quarterly Report on European Electricity Markets."
Demand for gas is likely to fall further due to increased usage of coal and renewables for power generation. Europe has still not recovered from its economic crisis. The arrival of LNG from the United States and domestic production of shale gas.
LNG Supply System for Nuclear Plant- Cunico CorpCunico Corp
Within 10 years the majority of shipping vessels will run on LNG...a cleaner, alternative fuel source. The newest innovation in LNG carrier engine design, M-type, electronically controlled, gas injection (ME-GI) engines, optimize the capability of slow speed engines by running directly off BOG (removing the need to reliquefy the gas) or utilizing fuel oil, and ME-GI propulsion results in less fuel consumption.
Environmental legislation is currently impacting the marine market segment. Ships were traditionally powered by Heavy Fuel Oil (HFO), which produces high levels of harmful pollutants. LNG is one of the only fuel source able to comply with the environmental legislation.
There are major shifts in the EU energy space including pending lessons from Russian sanctions, France's commitments to renewables,and the politics of pipelines.
Engineering Services or Product Engineering services is one of the fastest growing segments of Indian IT exports. It consist of services across mechanical, embedded, software and VLSI capabilities. It works on the product or product ecosystem of a technology company, accelerating time to market or enabling new technologies/features, or adding value in terms of R&D cost optimization.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
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Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
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The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
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Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
2. Case Overview Gas supply contracts between Soviet Union and Europe Impact of disintegration of the Soviet Union on Russia and Ukraine. World’s largest gas reserves with Russia 28 Trillion cubic meters 16% of the world reserves Evolution of Gazprom as a major supplier to Europe Demand of Europe and Ukraine Most Economic route for Gazprom to supply gas to Europe is via Ukraine Disputes on price hike
3. Bargaining power of Russia/ Gazprom Availability of resources Strategic position of Russia Mismatch between Ukraine production and consumption of Gas Alternate route to Europe Alternative Markets
4. Reasons for Dispute Dispute between the state controlled companies of the Russian Federation and Ukraine - Gazprom and Naftogaz Economic Dispute High mismatch between Ukraine production and consumption of Gas Illegal siphoning off of gas by Ukraine Increasing debt Supply of gas to Ukraine at a highly subsidized price Political Dispute Impact of elections in Ukraine: Appointment of Pro-West president Signing with EU and NATO Black Sea Fleet in Sevastopol
5. Settlement in 2006 Settlement in January 2006 A hasty Five Year Contract Damage to both the economies if European Nations start searching for alternative suppliers Legal obligation for Russia to supply gas to Europe Attractive deal for both Gazprom and Naftogaz Supply to Ukraine at $ 95 T cm. Gazprom will sell at $ 230 T cm. Cost involved, gaining territory rights and capacity issues faced by Gazprom for the alternate path to Europe through Belarus and Baltic Sea
6. Critical Issues Five Year Contract in January, 2006 : Some Questions Left Unanswered Profitability of RosUkrEnergo: 23.3 % of gas $ 230 T cm, will they get the 76.7 % at $ 75 T Cm The agreement only sets the price for next 6 months, no planning for future pricing. Supply from Turkmenistan ??? Production at 58 B cm Agreement to supply 30 B cm to Gazprom 41 B cm to Ukraine
7. Critical Issues (Contd..) Problems of a comparatively smaller nation trying to break free from the influence of its dominant neighbour Dependence of the European countries on gas imports from Russia How a company's exports become vulnerable when its exports are routed through third parties and its efforts to gain control over such transitory routes
8. Current Situation On April 21, 2010, Russia and Ukraine signed an agreement Russia agreed to a price drop of 30% Ukraine agreed to extend Russia's lease of Black Sea port of Sevastopol for an additional 25 years with an additional five-year renewal option (to 2042-47). As of June 2010, Ukraine pays Gazprom around $234/mcm (thousand cubic meter).
9. Russia andUkraine – Consensuspossible? Even though resolving pipeline dispute will be in the economic benefit of both Russia and Ukraine, because of political reasons (Ukraine joining NATO and Russia-Georgia war), historical differences and ego clashes, consensus of Russia and Ukraine over pipeline issues is difficult to come in near future.
10. Possible Solutions 1. Focus on North Stream and South Stream Projects Details of North Stream Project: Planned offshore pipe line from Russia to Germany Capacity – 55 billion cubic meters per year Cost – Euro 8.8 billion (financed 70% from banks and 30% from equity)
11. Details of South Stream Project: Pipeline to run under the Black Sea from the Russkaya compressor station on the Russian coast to the Bulgarian coast Capacity – 63 billion cubic meters per year Cost - Euro 19-24 billion
12. Possible solutions (Cont..) 2.Increasing capacity of current existing routes- ( Blue Stream Project) Trans Black Sea pipeline, Connecting Russia and Turkey Capacity 16 Billion cm Phase II proposed in 2002, as parallel to Blue Stream I, again connecting Russia to Turkey 3. Alternatives for Gazprom – China – Gazprom plans to supply natural gas to China by end of 2015. Currently working on a plan to build natural gas pipelines from Siberia to China, with an estimated cost of US$14 billion. South Korea – Ongoing commercial talks with South Korea's Kogas on delivering at least 10 billion cubic metres of gas a year from 2017. USA – In 2009, Gazprom alongwith Royal Dutch Shell decided to deliver 1 million tons of gas to the US market until 2028.
14. Possible Solutions (Cont..) 4. Pricing – Present price is set politically. Price should be decided based on some standard formulae which is acceptable to both. Also it should be revised monthly (as in case of Europe) rather than yearly. 5. Reducing dependence of European market on Russia- Europe should consider alternative sources like Middle East and Turkmenistan.
15. Possible Solutions (Cont..) 6. Elimination of intermediary companies like Rosukrenergo and UkrGasEnergo. They are formed by political elite from both sides for self interest, corruption and rent seeking tool.
16. References http://www.gks.ru/dbscripts/Cbsd/DBInet.cgi Energy Charter Secreteriat: Gas Transit Tariffs in Selected ECT Countries (2006), Brussels 2006, p.65, http://www.encharter.org/index.php? Research Centre for East European Studies, Bremen International Energy Agency, Ukraine Energy Policy Review 2006