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    Russian Oil and Gas Industry: News #3

    kvs
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    Post  kvs 29/09/21, 03:49 am

    Kiko wrote:Gazprom signed a 15-year gas supply contract with Hungary, 28/09/2021.

    Gazprom and Hungary have agreed on gas supplies by the end of 2036.

    The signing ceremony took place in Budapest.

    Gazprom explained in its message that two long-term contracts for the supply of Russian gas to Hungary were signed between Gazprom Export and MVM CEEnergy Ltd. The total volume of contracts is up to 4.5 billion cubic meters, the duration of each of them is 15 years.

    https://sdelanounas.ru/blogs/?id=105

    The EU is reviewing this contract as a threat.

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    Post  kvs 29/09/21, 03:55 am

    JohninMK wrote:
    kvs wrote:
    par far wrote:The Germans are saying that Russia must supply gas through Ukraine, even when Nord Stream 2 is fully functioning.

    I really really really hope Russia tells them to **** off.

    Does the current contract with Ukraine expire in 2024?

    Deutschland can chirp whatever it wants.   It is already clear that Russia has no interest in supply gas through Banderastan after the
    contract expires in 2024.   In fact, it is already only doing minimal contracted transit.   Banderite vermin are wailing on a daily basis.

    The current contract through Ukraine expires on 31/12/24. After that it is subject to more discussions.

    I suspect that Russia will continue to ship via that route if it is in their interests to do so, for example if it is of benefit to a southern European customer or if they extract something of value from Germany/EU/US in exchange or use it as a negotiations with Turkey on Turkstream. It is still over 2 years away and a lot will change before then.

    As to starting transit through NS2, expect a rapid change in the EU stance as soon as the cold weather hits but not before.

    I saw a report last week, but can't remember where, when spot was $900, that quoted the German long term buy price in the contract as $250.

    The overhead of paying Banderites a transit tax is too much. The EU thinks it can force Russia to keep paying this tax to prop up a hater regime.

    The current spot price in Europe is $1030 or a thousand cubic meters. It has been going up for several weeks already and is showing no sign of
    stopping. The supply of LNG to the EU has declined compared to 2020 thanks to LNG tankers going to the far east. This has created a shortage
    regime that will not dissipate fast and the coming demand increase will only make it worse. By the second half of November I expect LNG tanker traffic
    to restore the balance but the spot price can hit $1500 before then.

    We are seeing the shipping lag effect.

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    Post  owais.usmani 01/10/21, 01:20 pm

    https://www.newswise.com/articles/hydropower-and-wind-may-replace-oil-and-gas-in-russia

    Hydropower and wind may replace oil and gas in Russia



    Newswise — Russia has great potential for using renewable resources because they are almost evenly distributed throughout the country, scientists say. The size of the territory, combined with different climatic conditions and terrain, gives Russia the opportunity to develop many renewable energy sources (RES), but their implementation is not accelerating. These and other conclusions researchers published in Energy Reports.

    "Reducing greenhouse gas emissions and developing renewable energy is one of the top priorities of modern countries. My co-authors were representatives of different countries and fields of activity in order to make the article as objective and complete as possible. It took us about a year to study the available theoretical materials and conduct interviews with experts in the field of RES. This allowed us to draw the most complete picture of the state of renewable energy in Russia and give some recommendations for the development of this industry," says Ephraim Bonah Agyekum, a research engineer at the Department of Nuclear Plants and Renewable Energy Sources at the Ural Federal University, the co-author of the article.

    The most promising RES in Russia are wind and hydropower, scientists believe. The amount of electricity produced from these sources will be enough not only to cover local needs but also to export to European countries. Suitable areas for the installation of wind farms are territories of the Northwestern, Southern, Siberian, Ural, and Far Eastern Federal Districts. A large amount of unoccupied land is a positive factor for the installation of new power plants.

    Despite the high potential and growing interest in the renewable energy sector, their introduction in Russia has been slow. The main reason, according to researchers, is the sufficiency of fossil fuels and nuclear energy. Russia is not forcing the transition to renewable energy, and therefore the regulatory framework for the implementation of implementation programs is lagging behind.

    "The renewable energy sector is very capital-intensive and largely depends on legislation. The existing documents in the field of renewable energy in Russia are not enough for its progressive development, - emphasizes the researcher. - There is an objective need to revise the mechanism of RES development in the domestic and global markets, to make it more attractive for investors and countries exporting green energy.

    Legislative changes are just one of the factors of alternative energy sector development. Research and development of Russian universities can play an important role in the development. Experts believe that the use of foreign designs for power generation in harsh Russian climatic conditions may be ineffective. The development of more efficient technologies requires scientists not only to have knowledge but also to take into account local weather conditions.

    "The country's existing projects to reduce greenhouse gas emissions are now very relevant. Despite the comprehensive nature of the study, further research into the sector and the opportunities and challenges of its development is needed. The article provides valuable insights that can influence the direction of policy in Russia, but we plan to work on this topic further," says Ephraim Bonah Agyekum.

    Note

    Representatives from universities in Russia, China, India, Pakistan, Ireland, Cyprus, and Oman worked on the study. Based on a review of existing literature and 30 interviews with experts from academia and industry, the researchers compiled a comprehensive analysis of the renewable energy sector. They described political, legal, economic, social, and technological aspects, defined the key directions of development, the main problems, and gave a number of recommendations for the development of alternative energy sources in Russia.

    Renewable sources of energy are energy flows constantly existing or appearing periodically in the environment. The main types of renewable energy include solar radiation, hydropower, wind, biomass, sea and ocean currents, tidal energy, and the thermal energy of the Earth's interior (geothermal energy). The potential reserves of alternative sources far exceed the potential of non-renewable sources (oil, gas, coal, etc.) and can cover all the future needs of mankind in electricity.

    See Original Study: https://www.sciencedirect.com/science/article/pii/S2352484721005035?via%3Dihub
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    Post  miketheterrible 01/10/21, 01:24 pm

    Such energy is still expensive, not entirely reliable and inefficient.

    I can see them move away from oil but gas? Not so much. Nuclear is still most important alternative. Hydro is second if the areas are sufficient for dams. Wind? Solar? Not a replacement but a supplement to help reduce gas use.
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    Post  Arrow 01/10/21, 01:34 pm

    This is nonsense. Russia is a leader in nuclear technologies, so nuclear energy should replace gas and oil in the energy sector. Hydrogen is nuevusual as an energy carrier, so energy is needed to produce it.
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    Post  JohninMK 01/10/21, 03:56 pm

    As a vast country I suspect that the energy losses from pumping pipeline gas over long distances are much lower than using electrical cables. From memory Russia is rolling out its national gas pipeline network pretty quickly. I am sure that then combined heat and electricity power stations will be popping up all over the place.

    Plus of course rapidly growing interest in micro nuclear power plants, probably a huge future opportunity for Russia.

    As an aside, a company in the UK is planning to lay an underwater 2000+ mile electricity cable to take solar power from Morocco to Cornwall. WTF is that? Shocked Shocked

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    Post  JohninMK 01/10/21, 04:14 pm

    Liveuamap
    @Liveuamap
    ·
    3h
    Gazprom has stopped gas transit to Hungary via Ukraine https://liveuamap.com/en/2021/1-october-gazprom-has-stopped-gas-transit-to-hungary-via
     #Ukraine

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    Post  kvs 01/10/21, 05:31 pm



    A more detailed analysis of the 2020 "revolution" by U-rope consumers of Gazprom's gas.    Poland initiated the
    turnover by suing Gazprom in the Stockholm Kangaroo Arbitration "Court".    Naturally the kangaroos ruled in
    favour of Poland (PGNiG) and even forced Gazprom to retroactively compensate Poland for a contract it had
    willingly signed.   This is absurd, since it means that all contracts can be retroactively changed which defeats
    the concept of a contract altogether.  

    After Poland pulled its political stunt all the other smarmy anti-Russian states also forced Gazprom to change
    the pricing formula to be based not on the oil price but on the spot market.  By 2021 only 13% of Gazprom's sales
    were under the oil-linked old contract formula.   Now these f*ckers are screeching that Putin is screwing them over
    when they are the ones who forced Gazprom to price based on the spot markets.

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    Post  kvs 01/10/21, 05:34 pm

    JohninMK wrote:Liveuamap
    @Liveuamap
    ·
    3h
    Gazprom has stopped gas transit to Hungary via Ukraine https://liveuamap.com/en/2021/1-october-gazprom-has-stopped-gas-transit-to-hungary-via
     #Ukraine

    This is a disaster for Banderastan since it used to buy that gas from Hungary and use it for itself.   The key is that it was Russian gas dispatched into the
    Ukr pipeline system.   Now the gas is bypassing this system and cannot be swapped.

    It looks like the Ukr pipeline will pretty much disintegrate in the coming years.

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    Post  miketheterrible 01/10/21, 07:42 pm

    kvs wrote:

    A more detailed analysis of the 2020 "revolution" by U-rope consumers of Gazprom's gas.    Poland initiated the
    turnover by suing Gazprom in the Stockholm Kangaroo Arbitration "Court".    Naturally the kangaroos ruled in
    favour of Poland (PGNiG) and even forced Gazprom to retroactively compensate Poland for a contract it had
    willingly signed.   This is absurd, since it means that all contracts can be retroactively changed which defeats
    the concept of a contract altogether.  

    After Poland pulled its political stunt all the other smarmy anti-Russian states also forced Gazprom to change
    the pricing formula to be based not on the oil price but on the spot market.  By 2021 only 13% of Gazprom's sales
    were under the oil-linked old contract formula.   Now these f*ckers are screeching that Putin is screwing them over
    when they are the ones who forced Gazprom to price based on the spot markets.

    At this point, I wouldn't sign any contract with Europe and state that if they want the gas, they pay the spot price here and now. No more signed contracts. State that the reason was due to EU kangaroo court. And then state they do not recognize the EU courts and that in the future, whatever they state is legit, they (russia) will ignore and cut any supplies to Europe till they start acting proper.

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    Post  Kiko 01/10/21, 07:54 pm

    Gazprom starts gas supplies via Turkish Stream to Croatia, 01/10/2021.

    MOSCOW, October 1 - RIA Novosti. " Gazprom " was to pump fuel at "Turkish Stream" in Croatia , the company said.

    "The supplies of Russian natural gas to Hungary and Croatia have begun along a new route - through the Turkish Stream gas pipeline and further through the national gas transmission systems of Bulgaria, Serbia and Hungary," the company wrote in the Telegram channel.

    A contract between Gazprom and the Hungarian company MVM CEEnergy Ltd entered into force today, according to which Budapest will receive 4.5 billion cubic meters of blue fuel annually over the next 15 years.

    In Ukraine, this agreement was called a blow and announced its intention to apply to the European Commission to check the deal for compliance with European energy legislation. The Hungarian authorities perceived Kiev's reaction as interference in internal affairs.

    Later, the head of Naftogaz, Yuriy Vitrenko, confirmed that the contract allows Gazprom to bypass Ukraine if the company pays for the reserved capacity.

    Turkish Stream is an export gas pipeline from Russia to Turkey through the Black Sea with a capacity of 31.5 billion cubic meters per year. In addition to Hungary and Croatia, Bulgaria, Greece, North Macedonia, Romania, Serbia and Bosnia and Herzegovina are already receiving fuel.

    https://ria.ru/20211001/gaz-1752711490.html

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    Post  JohninMK 01/10/21, 08:31 pm

    Kiko wrote:
    Turkish Stream is an export gas pipeline from Russia to Turkey through the Black Sea with a capacity of 31.5 billion cubic meters per year. In addition to Hungary and Croatia, Bulgaria, Greece, North Macedonia, Romania, Serbia and Bosnia and Herzegovina are already receiving fuel.
    So who is left still getting gas via Ukraine?
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    Post  miketheterrible 01/10/21, 09:15 pm

    JohninMK wrote:
    Kiko wrote:
    Turkish Stream is an export gas pipeline from Russia to Turkey through the Black Sea with a capacity of 31.5 billion cubic meters per year. In addition to Hungary and Croatia, Bulgaria, Greece, North Macedonia, Romania, Serbia and Bosnia and Herzegovina are already receiving fuel.
    So who is left still getting gas via Ukraine?

    Germany and the like.
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    Post  JohninMK 01/10/21, 10:05 pm

    Russia playing with Poland now?

    Meanwhile, reminding Europe once again who is in charge at least of winter heating, flows from Europe's top supplier Russia into Germany’s Mallnow via the key Yamal-Europe pipeline plunged by 77% from Thursday, just as the heating season begins. At an auction on Thursday, no extra pipeline capacity was booked to deliver fuel to the Mallnow compressor station the following day.

    Physical flows via the Yamal-Europe pipeline, which traverses Poland, have dropped to 5,313 megawatt hour per hour on Friday morning from 22,705 megawatt hour per hour on Thursday evening via the Mallnow entry point, according to the data. Supplies via the pipeline have oscillated over the past few weeks, but were largely on a declining track. Exports via the pipeline plunged in August after a fire at Gazprom facilities.

    Flows dropped as Gazprom has booked only about a third of the gas transit capacity it was offered for October via the Yamal-Europe pipeline and no extra transit capacity via Ukraine.

    Gazprom declined to comment. It has repeatedly said it was supplying customers with gas in full compliance with existing contracts and said additional supplies could be provided once the newly built Nord Stream 2 gas pipeline was launched.

    “Gas can go now as high as it needs to knock demand out,” said Andreas Gandolfo, leader of the European power team at BloombergNEF. “For some European industries gas has become too expensive. For some, including us, who have gas heating at home, it can probably go a lot higher before there is a decision to switch off.”


    Russian Oil and Gas Industry: News #3 - Page 21 Russian%20gas%20flows%20into%20europe

    https://www.zerohedge.com/markets/european-gas-hits-record-100-euros-russian-gas-flows-collapse-77

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    Post  Hole 01/10/21, 10:25 pm

    The Poles want american freedom gas (= Biden farts). Gazprom is only delivering what is ordered.
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    Post  JohninMK 01/10/21, 10:42 pm

    Hole wrote:The Poles want american freedom gas (= Biden farts). Gazprom is only delivering what is ordered.

    Indeed. Maybe sending gas via NS1 rather than Yamal?
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    Post  owais.usmani 02/10/21, 10:13 pm

    Kiko wrote:Gazprom signed a 15-year gas supply contract with Hungary, 28/09/2021.

    Gazprom and Hungary have agreed on gas supplies by the end of 2036.

    The signing ceremony took place in Budapest.

    Gazprom explained in its message that two long-term contracts for the supply of Russian gas to Hungary were signed between Gazprom Export and MVM CEEnergy Ltd. The total volume of contracts is up to 4.5 billion cubic meters, the duration of each of them is 15 years.

    https://sdelanounas.ru/blogs/?id=105



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    Post  owais.usmani 02/10/21, 11:44 pm

    owais.usmani wrote:https://www.urdupoint.com/en/world/novatek-cfo-gyetvay-released-from-florida-jai-1359267.html

    WASHINGTON (UrduPoint News / Sputnik - 24th September, 2021) US District Court for the middle District of Florida released Novatek Chief Financial Officer (CFO) Mark Gyetvay on bond with conditions, a court filing revealed on Friday.

    "Court released Defendant on bond with conditions.

    Court will reconvene on September 30th at 11:00 AM for a status on further bond conditions," the filing said.

    US prosecutors earlier asked for $80 million bond as a condition for releasing Gyetvay. It is not clear whether that sum was met.

    https://www.bloomberg.com/news/articles/2021-09-30/u-s-says-not-so-fast-in-tax-fraud-trial-of-novatek-s-gyetvay

    U.S. prosecutors who said last week they have an “exceedingly strong” tax-fraud case against a top American executive at Russian gas producer Novatek PJSC now want to delay his trial to gather more evidence from overseas.

    The request to push back Mark Gyetvay’s Nov. 1 trial date by at least six months was filed Wednesday with a federal judge in Florida. Gyetvay, Novatek’s deputy chief executive officer, was accused in a Sept. 22 indictment of failing to pay taxes on $40 million in income and hiding $93 million in Swiss bank accounts from the Internal Revenue Service.

    Under the Speedy Trial Act, U.S. defendants are entitled to a trial within 70 days of their indictment. Judges often are willing to push back trials in complex white-collar cases, if both sides agree. Prosecutors in the Gyetvay case asked for more time even though the gas executive, who pleaded not guilty and denies wrongdoing, opposes the request.

    “We are going to do everything we can do to ensure Mr. Gyetvay’s constitutional rights to have a trial occur within 70 days of the indictment,” his attorney, Kevin Downing, said in an interview.

    In their filing, prosecutors said courts routinely push back trials when other countries haven’t acted on requests for evidence. They said Russia and Cyprus provided evidence, while the U.K. and Switzerland have not. A “court challenge has been leveled in Switzerland” that could take “several months if not longer” to resolve, according to the filing.

    Last week, prosecutors initially asked a judge to detain Gyetvay without bail, saying he could flee his southwest Florida home, that he holds passports from the U.S., Russia and Italy, and “the evidence against him is exceedingly strong.” Gyetvay was released on an $80 million bond, with GPS monitoring and house arrest. He also surrendered his passports.

    At a hearing Thursday, a judge relaxed his bail terms, saying the defendant no longer had to be held under house arrest. He must remain under GPS monitoring and a curfew at night.

    Last week, Gyetvay took to Twitter to say he’ll fight the charges.

    Gyetvay was one of more than 30,000 Americans who sought to avoid stiff tax penalties by declaring they had innocent reasons for failing to disclose offshore holdings. Under the so-called streamlined program, U.S. residents paid penalties of 5% of their undisclosed offshore assets. But they got no guarantees they wouldn’t be prosecuted.

    Another 54,000 Americans took a more arduous route in voluntarily disclosing their offshore accounts to the IRS, including their dealings with bankers and advisers. They faced penalties of as much as 27.5% of their assets, as well more than $8 billion in back taxes and other penalties. But the government agreed to never prosecute them over the disclosures.

    Prosecutors said in court documents last week that Gyetvay filed a false voluntary disclosure “under a program for which he did not qualify, in which he lied about the reason for his failure to comply with his U.S. tax obligations.”

    In an interview, Downing said: “All of the financial information included on the tax returns filed in the voluntary disclosure is true and correct.”

    The case is U.S. v. Gyetvay, 21-cr-83, Middle District of Florida (Fort Myers).
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    Post  owais.usmani 02/10/21, 11:49 pm

    https://finance.yahoo.com/news/russia-gas-limits-pose-increasing-203016711.html

    (Bloomberg) -- The Biden administration is growing more concerned over Russia’s restrictions on natural gas exports amid fears that some European countries may not have enough supply to heat homes this winter if temperatures are colder than normal, the U.S. envoy for energy security said.

    Russian supplies are “inexplicably low,” and news Monday that the country didn’t book capacity through October “increases the concern I have,” Amos Hochstein, the State Department’s senior adviser for energy security, told Bloomberg Television on Monday. “When storage is low at these levels, if we have a colder than average winter, my concern is that we will not be able to have enough gas to use for heating, not for power, in parts of Europe.”

    Hochstein spoke after European gas prices surged Monday on news that Moscow-based Gazprom PJSC opted not to flow more gas to Europe via Ukraine in October. Storage sites are less than 72% filled with just a few weeks to go before the start of heating season, the lowest level for this time of year in a decade.

    Russia hasn’t said why it isn’t booking capacity, though Hochstein raised the possibility that it was a political move linked to Russia’s push to proceed with the Nord Stream 2 gas pipeline, which circumvents Ukraine on its way to Germany. The U.S. opposes the pipeline, which is almost complete, but has held off sanctioning the company overseeing construction or its chief executive despite demands that it do so from members of Congress in both parties.

    “The reality is there are pipelines with enough capacity through Ukraine to supply Europe,” Hochstein said. “Russia has consistently said it has enough gas supply to be able to do so, so if that is true, then they should, and they should do it quickly through Ukraine.”

    lol!
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    Post  kvs 03/10/21, 12:04 am

    FUcking liars. Gazprom has supplied more natural gas as of September 2021 than the same period in 2020.
    By contrast the US has shipped 17 billion cubic meters less gas (LNG form) and that is not because of a hurricane.
    The US LNG tankers have been chasing the Asian market since early in 2021.

    Also, the EU-tards have been tapping their stores to offset spot prices. This is one of the reasons that LNG tankers
    did not go to EU-tardia since EU-tardia was not prepared to pay Asian prices.

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    Post  Hole 03/10/21, 12:05 am

    Are western companies buying more russian gas to prepare for winter? If not, why should Russia pump gas into storage in western europe? Dumbasses!

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    Post  kvs 03/10/21, 12:09 am

    Hole wrote:Are western companies buying more russian gas to prepare for winter? If not, why should Russia pump gas into storage in western europe? Dumbasses!

    The infantile bitching is something else. They don't want Russia's gas and did everything they could to destroy long term contracts with Gazprom
    but now they shriek about Gazprom to shipping enough. This is the same blood libel we had in 2009 when EU-tardia and its fake stream media
    were shrieking about Gazprom closing the taps. In fact, it was Yuchenko's orange regime that closed the taps.

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    Post  GarryB 03/10/21, 07:49 am

    The great thing about piped gas is that once the funds go into the bank account the taps are turned on and the gas flows straight away.

    There is no shortage of Russian gas, just a shortage of interest and funds to buy that gas at current prices.

    When they have reserves they can pick and choose when to buy... soon the reserves will be much lower and they will have to pay the price on offer or restart all those coal power stations they already shut down... wonder how permanently they shut them down... was it just turning them off, or did they sell bits including the land...

    BTW Russia has coal to sell too if you want it...
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    Post  owais.usmani 03/10/21, 07:42 pm

    https://oilprice.com/Energy/Coal/Europe-Turns-To-Russia-For-More-Coal-As-Energy-Prices-Skyrocket.html

    Europe Turns To Russia For More Coal As Energy Prices Skyrocket


    This is getting lulzier by the minute! Very Happy

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    GarryB
    GarryB

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    Russian Oil and Gas Industry: News #3 - Page 21 Empty Re: Russian Oil and Gas Industry: News #3

    Post  GarryB 04/10/21, 09:33 am

    The hidden title that no one mentions is that the EU is reverting to coal and increasing their gas use because Solar and Wind did not live up to expectations... but the obvious problem is that in addition to green over kill on the evils of coal and nuclear, they also have rosy glasses when it comes to clean green solutions that obviously leads to a bit of optimism.

    Even on a sunny day there are clouds that can reduce power generation for solar power by quite a bit and I really suspect they don't take such things into account.

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    Russian Oil and Gas Industry: News #3 - Page 21 Empty Re: Russian Oil and Gas Industry: News #3

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