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    Russian Oil and Gas Industry: News #2

    kvs
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    Post  kvs on Wed Oct 07, 2020 10:24 pm

    Yamal-Europe pipeline is over. Pooland did not sign a gas transit agreement with Gazprom in May of 2020. The volume of this pipeline and the intransigent
    shenanigans of Pooland do not give Gazprom any incentive to continue using it.

    SeigSoloyvov
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    Post  SeigSoloyvov on Thu Oct 08, 2020 12:40 am

    kvs wrote:
    Rodion_Romanovic wrote:https://iz.ru/1070517/2020-10-07/polsha-oshtrafovala-partnerov-severnogo-potoka-2-na-60-mln

    The Polish regulator UOKIK (Urząd Ochrony Konkurencji i Konsumentów, "Competition and Consumer Protection") fined five partners of the Russian company Gazprom for the construction of the Nord Stream 2 gas pipeline, for an amount of approximately 60 million dollars.  The reason was the lack of a permit to do a job.  These companies are forced to withdraw from pipeline contracts within a month, the regulator said.  "Gazprom" itself was also fined 7.6 billion dollars.  The other companies affected are Engie Energy, Uniper, OMV, Shell and Wintershall.

    Here in the polish website https://www.uokik.gov.pl/aktualnosci.php?news_id=16814

    Gazprom does not have to and will not pay anything to Pooland.   Pooland does not have any non-customer relations with Gazprom.

    Also, Pooland is not in any position to demand construction permits for NS2 since NS2 goes through international waters and
    does not encroach on its jurisdiction in any way.

    Pooland lives up to its name once again.


    Once again you show a lack of understanding.

    Poland claims Gazprom and five WESTERN companies violated "anti-monopoly legislation" Permit just doesn't mean permission to build something. The claim is about financing companies and their contracts in their relations to NS2.

    Are the claims true, I do not know. But you are grossly misrepresening the claims and what that situation is.

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    Post  flamming_python on Thu Oct 08, 2020 11:49 am

    SeigSoloyvov wrote:
    kvs wrote:
    Rodion_Romanovic wrote:https://iz.ru/1070517/2020-10-07/polsha-oshtrafovala-partnerov-severnogo-potoka-2-na-60-mln

    The Polish regulator UOKIK (Urząd Ochrony Konkurencji i Konsumentów, "Competition and Consumer Protection") fined five partners of the Russian company Gazprom for the construction of the Nord Stream 2 gas pipeline, for an amount of approximately 60 million dollars.  The reason was the lack of a permit to do a job.  These companies are forced to withdraw from pipeline contracts within a month, the regulator said.  "Gazprom" itself was also fined 7.6 billion dollars.  The other companies affected are Engie Energy, Uniper, OMV, Shell and Wintershall.

    Here in the polish website https://www.uokik.gov.pl/aktualnosci.php?news_id=16814

    Gazprom does not have to and will not pay anything to Pooland.   Pooland does not have any non-customer relations with Gazprom.

    Also, Pooland is not in any position to demand construction permits for NS2 since NS2 goes through international waters and
    does not encroach on its jurisdiction in any way.

    Pooland lives up to its name once again.


    Once again you show a lack of understanding.

    Poland claims Gazprom and five WESTERN companies violated "anti-monopoly legislation" Permit just doesn't mean permission to build something. The claim is about financing companies and their contracts in their relations to NS2.

    Are the claims true, I do not know. But you are grossly misrepresening the claims and what that situation is.


    Those same 5 WESTERN companies are the ones Poland accuses of being in Putin's pocket, and the US is trying to sanction for defying its will

    This is all connected to the same NS2 and Poland's/US's attempts to stop it, completely politicized and nothing to do with courts, laws or anything else. It is Nord Stream 2's opponents that are playing underhandedly and ignoring international law. The pipeline does not pass through Polish waters neither US waters so it is of no concern to either of those countries or their respective regulatory commissions.
    The pipeline is also outside EU law as it is constructed through the sea. The EU has hastily drafted a law to attempt to extend the 3rd energy package to NS 2 but the pipeline was cleared for construction before any such law; once again this is a violation of international practice.

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    Hole
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    Post  Hole on Thu Oct 08, 2020 12:17 pm

    How can a pipeline not runnig trough Poland brake polish law? unshaven

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    Rodion_Romanovic
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    Post  Rodion_Romanovic on Thu Oct 08, 2020 12:35 pm

    Hole wrote:How can a pipeline not runnig trough Poland brake polish law? unshaven
    They try to imitate the US, believing that they have jurisdiction all around the globe scratch
    SeigSoloyvov
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    Post  SeigSoloyvov on Thu Oct 08, 2020 6:33 pm

    Hole wrote:How can a pipeline not runnig trough Poland brake polish law? unshaven

    Again the claim has to do with financing companies tied to the project.
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    Post  SeigSoloyvov on Thu Oct 08, 2020 6:39 pm

    @Flamming

    Wrong, the Poles aren't in any way saying the actual pipeline is a problem, there claim has to do with contracts and companies they claim violated legislation while in Poland.

    You are focusing on the psychical pipeline only, but there are tons of deals and other things that go on with it behind the scenes. Also, the Poles aren't even claiming any EU Law was violated by their own laws that regulate companies while in Poland, so that's another lie right there.

    You're pushing a lie atm, once more are the companies involved guilty? I do not know but until I know the facts I will not claim "International practice" was violated.

    Maybe Poland is making shit up or maybe their claims are true, jumping the gun because your pro-russian doesn't help.
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    Post  Hole on Thu Oct 08, 2020 9:00 pm

    Well, the polish statement made in the western MSM was that the building of the pipeline is bad for the polish consumer and violates his rights. And not a single company that is a partner of this project got money from polish banks or is based in Poland.
    SeigSoloyvov
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    Post  SeigSoloyvov on Thu Oct 08, 2020 9:09 pm

    Hole wrote:Well, the polish statement made in the western MSM was that the building of the pipeline is bad for the polish consumer and violates his rights. And not a single company that is a partner of this project got money from polish banks or is based in Poland.

    You don't need to be based in Poland to violate a contract, I do not have the specifics of the contracts so anything is speculation really just that is Polands claim.

    Companies violated legislation which suggests the financing companies in some capacity where conducting this business within Poland, the Russian said they did not violate any of the laws but they did claim that the companies in question weren't operating within Poland to some capacity.

    Whose right and wrong, I do not know but that's the situation.
    kvs
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    Post  kvs on Thu Oct 08, 2020 9:21 pm

    Hole wrote:Well, the polish statement made in the western MSM was that the building of the pipeline is bad for the polish consumer and violates his rights. And not a single company that is a partner of this project got money from polish banks or is based in Poland.

    Let them try. The only courts that would not throw these "cases" out on the first day would be inside Pooland. Pooland is so high on itself. It thinks that its tiny market is vital for
    the EU.



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    Post  flamming_python on Thu Oct 08, 2020 10:00 pm

    SeigSoloyvov wrote:@Flamming

    Wrong, the Poles aren't in any way saying the actual pipeline is a problem, there claim has to do with contracts and companies they claim violated legislation while in Poland.

    You are focusing on the psychical pipeline only, but there are tons of deals and other things that go on with it behind the scenes. Also, the Poles aren't even claiming any EU Law was violated by their own laws that regulate companies while in Poland, so that's another lie right there.

    You're pushing a lie atm, once more are the companies involved guilty? I do not know but until I know the facts I will not claim "International practice" was violated.

    Maybe Poland is making shit up or maybe their claims are true, jumping the gun because your pro-russian doesn't help.

    I doubt the cause of Polish objectivity

    I'm more than sure that a cursory look will reveal that all 5 Western companies sanctioned are doing business with Russia.

    And I'm sure this is all connected to NS 2; given all the other extrajudicial means, sanctions, bogus new laws that have been deployed - why not some Polish legislation violations too.
    So sorry, no trust at all.
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    Post  GarryB on Fri Oct 09, 2020 6:35 am

    A bit like US laws that say Turkey cannot buy Su-35 fighters or S-400 surface to air missiles...

    The funny thing is that if Poland are not careful such activity might make any company investing in or doing business in Poland to start to have doubts... it is not like Poland is as profitable as America thinks it is to swing it dick around like this...

    Sounds like Russia changing its constitution was just in time... I suspect the Polish courts will find these companies guilty and instruct court officials to seize assets of these companies... anyone think those assets might be the pipelines through Polish territory?
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    Post  kvs on Fri Oct 09, 2020 7:10 am

    GarryB wrote:A bit like US laws that say Turkey cannot buy Su-35 fighters or S-400 surface to air missiles...

    The funny thing is that if Poland are not careful such activity might make any company investing in or doing business in Poland to start to have doubts... it is not like Poland is as profitable as America thinks it is to swing it dick around like this...

    Sounds like Russia changing its constitution was just in time... I suspect the Polish courts will find these companies guilty and instruct court officials to seize assets of these companies... anyone think those assets might be the pipelines through Polish territory?

    Dumb as a pole. That's no joke.

    Seizing the Yamal-Europe pipeline after it is no longer going to be used to supply Russian gas is like closing the barn door after the horses have fled.

    Maybe these clowns think they will be selling "US" LNG to the former USSR? The only assclowns who would be their customers are the Banderatards. So
    they will have to spend money to redirect the pipeline to head to Banderastan instead of Belorus.

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    Post  Hole on Fri Oct 09, 2020 6:05 pm

    You don´t have to be in Poland to brake polish law... Interesting. So if you buy a car from an italian company a german company can sue you because you diminished their earnings. Cool. Now thats what I call rule of law. Embarassed
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    Post  magnumcromagnon on Fri Oct 09, 2020 9:14 pm

    Hole wrote:You don´t have to be in Poland to brake polish law... Interesting. So if you buy a car from an italian company a german company can sue you because you diminished their earnings. Cool. Now thats what I call rule of law. Embarassed

    I think being a 'pole' has taken on a whole different meaning now...especially with their  phallus-sees    fallacies.
    SeigSoloyvov
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    Post  SeigSoloyvov on Fri Oct 09, 2020 11:45 pm

    Hole wrote:You don´t have to be in Poland to brake polish law... Interesting. So if you buy a car from an italian company a german company can sue you because you diminished their earnings. Cool. Now thats what I call rule of law. Embarassed

    The world is more complex with that mainly when it comes to the business world, you can pretend to be the smart ass all you like.

    But law is far more complicated then you suspect or appear to understand.

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    Post  GarryB on Sat Oct 10, 2020 5:48 am

    Seizing the Yamal-Europe pipeline after it is no longer going to be used to supply Russian gas is like closing the barn door after the horses have fled.

    Worse than that... it is closing the doors of the barn after the horses have bolted... and padlocking the barn doors shut... just as the fire department arrive to put the fire in the barn that scared the horses out...  🔥

    International law can be rather complex, but abusing international law just reminds Russia why doing business in the EU is not as lucrative or profitable as other markets could become...
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    Post  miketheterrible on Sat Oct 10, 2020 5:53 am

    GarryB wrote:
    Seizing the Yamal-Europe pipeline after it is no longer going to be used to supply Russian gas is like closing the barn door after the horses have fled.

    Worse than that... it is closing the doors of the barn after the horses have bolted... and padlocking the barn doors shut... just as the fire department arrive to put the fire in the barn that scared the horses out...  🔥

    International law can be rather complex, but abusing international law just reminds Russia why doing business in the EU is not as lucrative or profitable as other markets could become...

    A close to life example:

    My cousin is a surgeon. He worked in USA back in late 90's. Came back to Canada. Even though he was making twice the wage, he ended up back in Canada cause of all the headaches and other issues that derive from US crappy medical system and how doctors and like get sued all the time. His insurance and such was too much.

    He isn't hurting for money while working in Canada. He just doesn't get paid as much.

    Now same for Russia in trade. Yeah, can make good bank on trading with them. But they are such assholes and always are trying to push their agendas on you, it just isn't worth the headach. Eventually Russia will learn this and tell the Eurofucks to go and such hot gas from USA.
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    Post  JohninMK on Sat Oct 10, 2020 9:52 pm

    She is on the move, now out in the Baltic proper she's either heading to start laying pipe or back to Russia.

    Time will tell but her latest position is 3 days old, my bet is the latter.
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    Post  owais.usmani on Tue Oct 13, 2020 3:21 pm

    A bit old article from February but still worth the read:

    https://www.petroleum-economist.com/articles/midstream-downstream/lng/2020/russia-beating-us-in-lng-price-war

    Russian LNG’s low price point is putting pressure on its competitors in the European LNG import market, attendees heard at the S&P Global Platts London Oil and Energy Forum yesterday.

    “Russian LNG cost into Europe is some of the cheapest LNG in the world. It can get into Europe for under $2/mn Btu,” says Samer Mosis, LNG senior analyst at S&P Global Platts. “Because of this price incentive, Russia became the second-largest supplier of LNG in Europe last year, beating Nigeria and pushing out other key suppliers including Algeria.”

    Russia exported 16mn t of LNG into Europe last year, sharply up from 7mn t in 2018. It was behind only Qatar, which exported 21mn t into the market, and ahead of the US, which exported 12mn t, according to S&P Global Platts’ data presented at the event.

    “Europe is the balancing market [for LNG]… watch how aggressively Russian gas strategy evolves there,” says Mosis, adding that Novatek’s Yamal LNG was “only the beginning of a massive [Russian] expansion in the Arctic”.

    Russia’s LNG expansion comes alongside a “volume over value” pipeline strategy that benefits from Gazprom's new electronic sales platform (ESP), according to Mosis. “The ESP has allowed Russia to be very nimble in the way it conducts spot sales—and frankly maintain the market however it wants to.”

    Following the successful renewal of the Russia-Ukraine pipeline gas transit deal, he says that “Russian gas can keep getting into northwest Europe for $250 [/1,000m²]. That in all respects is cheaper than landed US LNG costs into Europe.”

    A period of even more extreme oversupply of LNG looms for 2020-21—but even this could again benefit Russia’s gas strategy. Continued low prices will eventually unleash latent demand from coal-switching, according to Desmond Wong, European and Atlantic Basin LNG editor at S&P Global Platts.

    “[The gas market] is looking bleak. But because it is bleak, it has brought gas back to life. It is a lot cheaper these days [so it] has wiped out the demand for coal. And that leads to something very interesting, which we will see [over] the next couple of years,” he says.

    Wong adds that while political concerns surround Russian gas exports into Europe, pricing often trumps politics. “In Brussels, there are always going to be politically motivated voices calling for more US LNG imports. But the utilities, the portfolio guys and the commercial people will say ‘it only makes economic sense for us to pick up the cheapest source of gas delivered to our customers’.”

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    GarryB
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    Post  GarryB on Wed Oct 14, 2020 5:29 am

    Wong adds that while political concerns surround Russian gas exports into Europe, pricing often trumps politics. “In Brussels, there are always going to be politically motivated voices calling for more US LNG imports. But the utilities, the portfolio guys and the commercial people will say ‘it only makes economic sense for us to pick up the cheapest source of gas delivered to our customers’.”

    In other words for all their principles and bitching and moralising and sanctions the eurofags talk all sorts of shit but in the end want the best price...

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    kvs
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    Post  kvs on Wed Oct 14, 2020 6:42 am

    GarryB wrote:
    Wong adds that while political concerns surround Russian gas exports into Europe, pricing often trumps politics. “In Brussels, there are always going to be politically motivated voices calling for more US LNG imports. But the utilities, the portfolio guys and the commercial people will say ‘it only makes economic sense for us to pick up the cheapest source of gas delivered to our customers’.”

    In other words for all their principles and bitching and moralising and sanctions the eurofags talk all sorts of shit but in the end want the best price...

    It is worse than that. They know that Russia is a reliable seller but continue to piss on it. Russia needs to impose sanctions on the EU. It can sell its natural
    gas to other customers.

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    Post  JohninMK on Wed Oct 14, 2020 11:07 am

    Well my bet was wrong, she's been out in the Baltic doing run-up testing. Good timing to coincide with the US elections getting all the attention.

    According to EADaily, the resumption of construction of Nord Stream 2 may begin in early November – after the pipelayer completes sea trials, and in Mukran on board it will complete the last work after that.

    “According to information from Marinetraffic and Vesselfinder, the Nord Stream 2 pipe-layer continues to be located between Kaliningrad and Klaipeda near the Curonian Spit and is undergoing sea trials. Yesterday, the supply vessels Umka and Finval arrived at Akademik Chersky from Mukran, which also perform the functions of anchor-breeders: spreading, setting and removing anchors. Judging by their location, since yesterday the “Morspasluzhba” courts have taken the pipelayer for “stretching”. They have taken on board anchors on both sides of the Akademik Chersky, are laying them, and now the stability of the vessel is being checked during pipe-laying, “the message says.

    Until the completion of the project, it remains to complete the construction of 160 kilometers of the gas pipeline, and about 20 kilometers of each branch falls on the German waters of the Baltic Sea.


    https://geopolitics.news/euroasia/pipelayer-akademik-chersky-started-testing-new-anchor-systems/

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    Post  JohninMK on Wed Oct 14, 2020 6:09 pm

    A good analysis of the Polish blackmail attempts.

    http://infobrics.org/post/31996/

    10/14/2020 - 13:06 Moscow time.

    European oil companies will not tolerate Poland’s attempt to cancel Nord Stream 2

    Paul Antonopoulos, independent geopolitical analyst  

    By handing out a €6.5 billion fine against Gazprom, Warsaw has obviously and massively miscalculated because it did not only antagonize the Russian energy company as was intended, but also European partners of the Nord Stream 2 pipeline project, which the Polish government obviously had not considered. Even leaders within the European Union were shocked at the huge fine that Poland is attempting to impose against Nord Stream 2.

    It may very well be that the Polish Office of Competition and Consumer Protection (UOKiK) has lost itself when deciding on the price of the fine against Gazprom. But regardless of that, UOKiK has apparently also exceeded its jurisdiction. As the Düsseldorf-based energy supplier Uniper reports, the existing agreements on Nord Stream 2 have nothing to do with a joint venture, which is why the Polish laws on merger controls do not apply to them. The initial plans were to finance the construction of the Nord Stream 2 pipeline through the establishment of a joint venture. For this, however, the companies involved should have received a permit in all the countries in which they operate, as well as from Poland, the only EU state that blocked this decision. The decision for it not to be a joint venture was made without further ado so as not to waste time or money in a dispute with Polish authorities.

    The pipeline partners designed an alternative financing model for Nord Stream 2 and instead of joining Nord Stream 2 AG (Company) as a co-partner, the European energy companies are participating in the project as lenders so that Polish antitrust laws do not apply to them. However, Gazprom, the majority shareholder of Nord Stream 2 AG, has given its European partners shares in the company as a mortgage for the financing provided. If the loans from the Russian side are not paid, the European corporations automatically become the owners of Nord Stream 2 AG. Referring to this fact, the Polish antitrust authorities have declared the European partner companies to be quasi-shareholders in the pipeline project.

    With this UOKiK also justifies the exorbitant fine against Gazprom and the fines of around €55 million against Uniper (German), Wintershall (German), Engie (French), OMV (Austrian) and Shell (English-Dutch). Neither Gazprom nor Nord Stream 2 are financially at risk at the moment and the Russian group has already announced that it will take the fine to court.

    Poland is of course now aware that their attempts to fine the Nord Stream 2 project will amount to nothing. The aim of the Polish government is not so much to force a large sum of money from Gazprom in the long term, but rather to bury the pipeline project entirely. And this is the part where Warsaw has grossly miscalculated, not only European reactions, but Russian determination.

    The goal to cancel Nord Stream 2 also explains why Polish authorities published their decision last week. Relations between the EU and Russia are extra strained because of the Navalny case and the situation in Belarus. France and Germany are working on new sanctions against Russia for the Navalny case and continue to apply pressure against Belarus.

    Another question is how effective these measures will be. Sanctions have long degenerated into ambiguity as it is the usual way the West deals with Moscow. Russia has learnt how to adjust their economy accordingly, meaning that sanctions have turned into a farce. The West is regularly expanding its blacklists of sanctioned companies and private individuals, but there has been no significant effect. Political forces with a keen interest in the failure of Nord Stream 2 are plentiful in the West and they are currently advancing the Navalny case in the hope that it will cut the EU from Russia more strongly or permanently. This will not occur as Europe desperately needs Russian energy, which is why Nord Stream 2 is such a critical project for all involved.

    Poland plays the main role in trying to cancel Nord Stream 2 and the decision by UOKiK is just another push to finally get Europe to abandon the pipeline project. According to a joint declaration by France and Germany, measures are currently being prepared for those alleged to be responsible in the Navalny case and their participation in the so-called Novichok program.

    Despite these measures, Western Europe is bringing its energy project which is important for its own future out of the danger zone, while Poland is attracting even more displeasure from EU giants through its own operation. A penalty against Gazprom may be a Russian problem, but fines against leading corporations from Germany, France, the Netherlands, Great Britain and Austria are guaranteed to leave many of Europe’s biggest capitalist angered. The effort Warsaw is making to thwart Nord Stream 2 is visibly turning opposite to what they expected as there is little doubt the Nord Stream 2 project will come to fruition and completion.
    Source: InfoBrics


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    Post  JohninMK on Wed Oct 14, 2020 6:14 pm

    More detail about the Akademik Chersky posted in comments on ZH. Looks like the Russians are going for it.

    The appearance of several auxiliary vessels was recorded near the Akademik Chersky pipelayer, which was called a possible completion of the Nord Stream 2 gas pipeline, according to the MarineTraffic vessel tracking portal.

    The "Akademik Chersky" itself is currently in the Baltic Sea off the coast of the Kaliningrad region. On October 1, he left the German port of Mukran, where pipes for Nord Stream 2 are stored. Chersky's current status is limited maneuverability.

    In September, the supply vessel "Ivan Sidorenko" arrived there, which is planned to be used to supply pipes during the completion of the gas pipeline. Yesterday it also maneuvered near Kaliningrad, and is currently at anchor in the port of Svetly.

    At the same time, a Russian supply vessel “Umka” appeared near the “Chersky” itself, which is used to deliver pipes from the shore. The Russian multipurpose vessel Finval, which also left the port of Mukran, is also located in the immediate vicinity of the Chersky. Another supply vessel, the Baltic Researcher, also sails under the Russian flag and is close to the pipelayer with limited maneuverability.

    It remains to lay the last 160 kilometers of the gas pipeline.

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