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Saturday, March 17, 2018

Ukraine feeds on European gas

Ukrainian officials are again contradicting yourself. Two days ago the company, which is responsible for the transit of Russian “blue fuel” to Europe, said that the Square because of “backorders” “Gazprom” it is necessary to cover the needs of the EU’s own gas. But according to “Naftogaz” (the main Ukrainian gas company), Ukraine in the first month of 2017 has increased gas imports from Europe almost 60%. Experts believe that stating the lack of direct deliveries from Russia in a period of 433 days, Kiev signed his own death warrant. Additional fuel supplies from Europe to Ukraine is not enough. Step-by-step Old world approaches to energy default. Trying to raise Ukraine, Brussels risked in the fuel pit to survive until the spring, throwing away money on subsidizing the Ukrainian economy, the EU will be extremely difficult.

photo: pixabay.com

“In the Ukrainian gas storages is sufficient to cover the needs of domestic consumers. More and surplus capacity remains. Due to short supply of gas “Gazprom” Ukraine subsidized the own resource of European consumers”, — said recently a top Manager of “Ukrtransgaz” Maxim Bilyavskiy.

There is nothing to argue. Ukraine’s gas reserves fell below the mark of 10 billion cubic meters. Because of the cold weather they are reduced by 20-30% (2-3 billion) per month. By March, they risk to reach a critical level of 8-9 billion in fact, technical gas needed to maintain pressure in the main gas pipelines and local getsystime. If stocks will fall to 7 billion, the pressure will fall and will endanger the ability to fully ensure Ukraine’s domestic consumers and transit of “blue fuel” to Europe.

Now Europe is urgently needed extra fuel. According to the Association of European operators of underground gas storages, the level of consumption of energy raw materials in Europe this winter has more than doubled compared with the figures for the last 5 years. Gas reserves in the EU, according to the analytical company Gas Infrastructure Europe, was reduced to 49%.

According to Vice-President of Board “Gazprom” Alexander Medvedev, the Russian company is ready to supply Europe with as much gas as she asks. Due to lack of fuel this spring the EU will have to buy even larger amounts of gas. Europeans can request sirenne fuel in other countries. But then instead of $200 per thousand cubic meters, they will have to pay up to $500.

Excess gas to Ukraine from Europe will not. Either it is raw materials will be so expensive that the government of Petro Poroshenko is not even theoretically be able to change your mind, where to find the money to buy it.

Back to purchasing fuel in Russia. But negotiations on this question is considered by Kyiv as a last resort. “Gas exports to Ukraine from Russia. But the desire to help Kyiv not yet seen,” notes the analyst of Alpari Anna Bodrova. — “As stated by Vladimir Putin after talks with Prime Minister of Hungary Viktor Orban, Russia is ready to supply gas to Europe via different routes. It can act according to the “Nord stream-2” and “Turkish stream” (gas pipeline, which Russia is going to build)”.

“There are other options. We do not set ourselves any goals of a political nature in respect of transit through Ukraine”, — said Putin. “If it is economically feasible, if it will be reliable, we cannot rule out the continuation of some of the volume of transit through Ukraine”, — said the Russian President.

But Kiev, apparently, is not going to go on rapprochement with Moscow. On the contrary, “Naftogaz” appealed to the Verkhovna Rada of Ukraine with a proposal to classify the pricing terms of the gas contracts with European suppliers. With this proposal, there may be all the participants of the international gas market. If no one is going to know how you buy gas, it is possible to vary any prices. But received only the speculators. In the international market it is not welcome. “But Kiev is close to having to justify myself in this field”, — believes head of the analytical Department UK “BK-Savings” Sergey Suverov. But then, according to the expert, Ukraine will finally turn from the international partner, in the ordinary market speculator.


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