Manuel Torres Laveaga
web@bajaenergyblog.com

Showing posts with label Russia. Show all posts
Showing posts with label Russia. Show all posts

[EUROASIA] Las Europas, Russia y la dependencia energetica

La República Checa, uno de los socios más díscolos del club europeo, presidirá la Unión Europea en el primer semestre de 2009. Su primer ministro, Mirek Topolanek, de 52 años, acaba de pasar por España para explicar sus prioridades: libre circulación de trabajadores, reequilibrio entre las políticas europeas hacia el Mediterráneo y la Europa central y del este, reforzar la cooperación euroatlántica, por supuesto no hay nada de que hablar con Cuba y sobre todo firmeza ante Rusia.

Que nadie espere tampoco mucho esfuerzo por parte de Praga para que se ratifique bajo su presidencia el Tratado de Lisboa. El documento todavía no ha sido aprobado en la República Checa. Para Topolanek, que advierte que no tolerará presiones de nadie, ése es un problema que debe resolver primero Irlanda.

El euroescepticismo checo combina el interés porque la UE funcione con cierto desprecio sobre cómo lo haga y los tratados que la estructuran. Es más una actitud de rebeldía contra la "corrección política" de Bruselas y su "debilidad" frente a Moscú, contra lo que The Economist ha llamado "la racionalización de la impotencia" frente a Rusia.



Durante la entrevista, realizada en el Instituto de Empresa, Topolanek, primer ministro desde hace dos años al frente de una coalición entre su partido, Demócratas Cívicos (derecha liberal), democristianos y verdes, adopta esa actitud. En total, 20 minutos de respuestas displicentes.

Pregunta. ¿Cuál será la posición de la presidencia checa respecto a los grandes temas que afronta la UE, como las relaciones con Washington y Moscú?

Respuesta. La relación euroatlántica es un ancla para la seguridad de Europa. Para nosotros es, históricamente, una relación sustancial. Cuando nos hemos podido apoyar en Estados Unidos, hemos sido libres. Sobre la dimensión oriental de la política europea, los países centroeuropeos y escandinavos queremos un equilibrio entre este aspecto y la política mediterránea. Queremos que se complementen. Lo que ocurre en Georgia y en Ucrania no es algo que deba preocupar sólo a los centroeuropeos, sino también a los españoles. En las fronteras del este y el sur de la Unión hay países que pueden llegar a formar parte de la UE, pero también hay muchos riesgos. Hay que discutir con ellos sobre inmigración, terrorismo, energía, economía, seguridad...

P. ¿Y qué relación debe tener la UE con Rusia?

R. Rusia aspira otra vez a jugar el papel de potencia, utilizando herramientas energéticas, económicas y militares. Cómo responder a esta actitud es una prueba para la comunidad internacional y para la UE. Por un lado, sabemos que las sanciones no solucionan nada y, por otro lado, hay peligro de contagio a Crimea y el Transdniéster. En el futuro, la dependencia energética de Rusia amenaza la libertad de los europeos. El 21 de agosto se cumplieron 40 años de la ocupación soviética de Checoslovaquia y los últimos soldados rusos se fueron el 30 de junio de 1991. Queremos mantener relaciones amistosas con Rusia, pero no queremos estar en su esfera de influencia. España se porta a veces como si este tema no fuera con ella, pero es un problema europeo.

P. ¿Cómo valora la respuesta europea a la invasión de Georgia?

R. Muy poco audaz, y bastante débil. Es lo que pasa cuando hay que conseguir que 27 países se pongan de acuerdo. En cosas así se percibe su debilidad, pero también su fuerza, porque es una respuesta unida.

P. ¿Qué debería hacerse respecto a la crisis en el Cáucaso?

R. La comunidad internacional debería presionar para que se vayan los soldados rusos de territorio georgiano. También deberían ponerse en marcha instrumentos para que, por ejemplo, todos los acuerdos que aprueben las autoridades de [las regiones secesionistas de] Abjazia y Osetia del Sur deban ser aprobados también por las autoridades de Georgia. Creemos que Georgia necesitará más fondos que los que la UE calcula para su reconstrucción. Si seguimos limitándonos sólo a mirar, vamos a perder las vías alternativas de suministro de gas y petróleo.

P. Ustedes apoyan la entrada de Ucrania y Georgia en la OTAN. ¿Hasta qué país debería llegar la ampliación de la Alianza?

R. La zona euroatlántica es un espacio de seguridad y libertad, y Rusia debería tener interés de que la ampliación llegara lo más cerca posible de su territorio. Fue un error que, en abril, la OTAN no otorgara a Georgia y Ucrania el estatuto de candidato oficial al ingreso. Este paso no garantizaba la integración, pero habría sido una señal clara para Rusia. Esa decisión anticipó la acción rusa en Osetia del Sur y Abjazia. En Ucrania, la desestabilización de la escena política se debe claramente a una influencia exterior. La incorporación a la OTAN será ahora mucho más difícil.

P. El Tribunal Constitucional checo está analizando el Tratado de la UE. ¿Qué pasa si lo rechaza?

R. Todo el mundo está interesado en la ratificación del tratado en la República Checa, pero es evidente que sin la aprobación de Irlanda no entrará en vigor. En nuestro país, el texto se encuentra en el Constitucional, y si dictamina que el tratado respeta las leyes checas, el proceso seguirá en el Parlamento. En el pasado Consejo Europeo ya dijimos que, si nos presionan, no podremos garantizar el resultado. Yo desearía que el tratado sea ratificado antes de que empiece nuestra presidencia europea.

P. El presidente checo, Václav Klaus, afirma que en Europa hay demasiados euroingenuos. ¿Está de acuerdo?

R. Si no tuviéramos a Václav Klaus en la Unión, tendríamos que inventarlo. El debate en la UE es políticamente tan correcto y tan plano que ya han desaparecido todas las opiniones diferentes.



Source: El País|by LUIS PRADOS and CRISTINA GALINDO
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[OPEC] The end of Organization of the Petroleum Exporting Countries / El Fin de la OPEP

Saudi Arabia walked out on Organization of the Petroleum Exporting Countries yesterday, saying it would not honor the cartel's production cut. It was tired of rants from Hugo Chavez of Venezuela and the well-dressed oil minister from Iran. As the world's largest crude exporter, the kingdom in the desert took its ball and went home.

As the Saudis left the building, the message was shockingly clear. “Saudi Arabia will meet the market’s demand,” a senior Organization of the Petroleum Exporting Countries delegate told the New York Times. “We will see what the market requires and we will not leave a customer without oil."

Organization of the Petroleum Exporting Countries will still have lavish meetings and a nifty headquarters in Vienna, Austria, but the Saudis have made certain the the organization has lost its teeth. Even though the cartel argued that the sudden drop in crude was due to "oversupply", OPEC's most powerful member knows that the drop may only be temporary. Cold weather later this year could put pressure on prices. So could a decision by Russia that it wants to "punish" the United Sstates of America and European Union for a time. That political battle is only at its beginning.

The downward pressure on oil got a second hand. Brasil has confirmed another huge oil deposit to add to one it discovered off-shore earlier this year. The first field uncovered by PETROBRAS has the promise of being one of the largest in the world. The breadth of that deposit has now expanded.

Organization of the Petroleum Exporting Countries needs the Saudis to have any credibility in terms of pricing, supply, and the ongoing success of its bully pulpit. By failing to keep its most critical member, it forfeits its leverage. Organization of the Petroleum Exporting Countries has made no announcement about any possibility of dissolving, but the process is already over.

Source: MSNBC | MoneyCentral |by Douglas McIntyre

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[OIL MAJORS] Total Sees Gazprom as `Key' Partner for Russian Energy Projects

Total SA, Europe's third-largest oil company, sees a partnership with OAO Gazprom as ``key'' to developing energy projects in Russia.

``If we consider new projects there, it will be with Gazprom,'' Total Chief Financial Officer Patrick de la Chevardiere said in an interview with Bloomberg Television yesterday in London. ``We want to maintain our relationship. Gazprom is a key partner in Russia.''

Total and Norway's StatoilHydro ASA hold stakes of 25 percent and 24 percent respectively in a unit working on the Arctic field of Shtokman, while Gazprom holds the rest. Total counts the project among 15 ``building blocks'' to provide 12 billion barrels of oil equivalent in reserves and says it will make an investment decision at the end of 2009 or early 2010. Gazprom has said the field holds enough natural gas to supply the world for one year.

Total, based in Paris, also plans to make bigger purchases among exploration and production companies internationally than in the past three years to boost output.

``The acquisition market has changed dramatically this summer,'' de la Chevardiere said. ``Some small companies share prices dropped 30 percent.'' Total is ``looking at possible targets'' around the world, and hasn't yet decided to approach one in particular, he said.

Canadian Assets
Total bought Synenco Energy Inc., the Calgary-based energy company developing an oil-sands project, at a cost of C$541 million ($505 million) to expand heavy oil operations. The French company bought Canada's Deer Creek Energy Ltd. for C$1.67 billion in 2005.

``We might make a bigger acquisition in the near future,'' Chief Executive Officer Christophe de Margerie said at an analyst conference in London yesterday on the company's outlook, referring to the Synenco deal. ``If we want to keep a strong upside in our portfolio we need to make acquisitions.''

Future acquisitions will be in sectors Total is missing in its exploration and production portfolio and will adhere to profitability requirements, de la Chevardiere said.

Total yesterday cut its annual production growth target because higher crude prices will prompt partners to demand a greater share of output.

Average output growth over the next decade will be 2 percent to 3 percent, de Margerie said. The estimate, based on crude prices of $100 a barrel, is lower than the 4 percent predicted a year ago for the five years through 2010, which was based on oil at $60.

Production Growth
The producer is relying on projects in Angola and Canada's oil sands to raise output as Kazakhstan and Venezuela restrict access to reserves.

Total said almost a fifth of production will come from LNG ventures by the middle of the next decade, with growth led by nine liquefaction projects already operating or under construction. A further five are being studied, it said.

Total plans to triple LNG output to 30 million tons a year by 2016, surpassing ExxonMobil Corp. and remaining behind Royal Dutch Shell Plc, it said.

The company's LNG assets include stakes in projects in Yemen, Qatar and Angola, as well as Shtokman.

Total, Eni SpA and their partners in Kazakhstan's Kashagan field agreed to cede a greater stake in the development to the government in January. The project is at least seven years behind schedule.

``Our estimate for first oil is 2012,'' de la Chevardiere said. ``I am confident the new contract framework will be able to achieve this.''

Kazakhstan Energy Minister Sauat Mynbayev said Sept. 5 the field is on target to meet an October 2013 deadline for starting production.

Source: Bloomberg| by Tara Patel and Ryan Chilcote





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[ASIA] Russia and Uzbekistan Agreed to Construct Gas Pipeline

Russia and Uzbekistan have agreed to set into motion construction of a new pipeline that will deliver Uzbek and Turkmen gas, RIA Novosti reported with reference to the RF Prime Minister Vladimir Putin, who is in Tashkent now.

“It has been agreed to launch joint practical work for laying a new gas pipeline across Uzbekistan aimed at meeting the increasing export potential of Turkmenia and Uzbekistan itself,” Vladimir Putin told reporters Tuesday after meeting with Uzbek President Islam Karimov.

“We see that the chances for this partnership are growing. We have common interest in implementing this project,” the prime minister said. Putin also backed up Karimov’s initiative “for the need to widen investment cooperation” of Russia and Uzbekistan, but pointed out that “it should be the both-traffic road, and there are all prerequisites for it.”

Russia and Uzbekistan agreed on the price for Uzbek gas acquired by Russia. “Of vital significance is that our gas trading experts managed to arrive at the uniform formula for gas prices,” Putin said. “It will be the European formula of pricing.”

[ASIA] Russia and Uzbekistan Agreed to Construct Gas Pipeline


Source: Kommersant

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[EUROASIA] Russia Won’t Halt Energy Supplies to Europe

Russia won’t halt energy supplies to Europe in response to the European Union reaction to events in South Ossetia, Interfax reported with reference to the RF Ambassador to the E.U. Vladimir Chizhov.

I would like to dispel fears that Russia may halt oil and gas supplies. It’s nonsense,” Chizhov announced during the live teleconference bridge from Brussels.

Asked whether Russia’s intention to diversify energy supplies could be attributed to its clashes with the West, Chizhov said: “Diversification of energy resources is something inevitable.”

Taken long-term, Chizhov went on, “Europe will need all pipelines that are viewed as competing today, and even more than that.” “The problem is whether oil and gas will suffice to fill these pipelines,” the ambassador emphasized.

Another highlight of the teleconference was the presence of Russia’s peacekeepers in Georgia. “They won’t stay there for ever,” Chizhov said, without specifying the actual date of withdrawal. “It depends on two things – arrival of observers and the situation in terms of security,” the official pointed out.





Source: Kommersant


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[RUSSIA] Construction Assets of Gazprom to Have Personal Coach

Arkady Rotenberg has become a beneficial owner of majority stakes in five construction firms of Gazprom. If the companies retain contracts once the deals are finalized, Rotenberg will get access to the investment program of monopoly, which amounts to no less than 710 billion ruble in 2008.

The majority stakes in five construction firms that are under Gazprom’s control will eventually pass under management of Arkady Rotenberg, Interfax reported yesterday. People in Gazprom confirmed the sale of the stakes to some Cyprus firms, refusing to specify the beneficiary. But a source close to Lengazspetsstroy, which is one of those firms, confirmed that Arkady Rotenberg is the final buyer. Other firms in question are Spetsgazremontstroy, Volgogaz, Krasnodargazstroy, Volgogradneftemash.

Vice President of Russia’s Judo Federation Arkady Rotenberg was once the personal coach of Vladimir Putin.

Rotenberg, who is on vocation now, couldn’t be reached for comment yesterday. In Javara Neva Judo Club that Rotenberg heads (and where Vladimir Putin is the honorary president), they refused to deliberate on his business but pointed out that Gazprom backed up quite a number of competitions.

The first official information about new owners of Gazprom’s construction assets will be released in the middle of October. Vitaly Kryukov from Kapital said the monopoly’s investment program provides for the surge in investments in construction of gas pipelines and gas storage facilities (by 56 percent a year in 2009 and 2010), and this accelerated growth is bound to fuel revenues of Lengazspetsstroy and Volgogradneftemash. According to analysts, the new owners will endeavor to consolidate those companies in part and in whole, as their potential appears very promising.

[RUSSIA] Construction Assets of Gazprom to Have Personal Coach

Source: Kommersant

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[RUSSIA] Gazprom Neft Flew to Iran

Development of Iran’s North Azagedan field will be probably the first overseas project of Gazprom Neft. In essence, the company will have only the contract of service. But under certain conditions, it will be able to add reserves to the balance and get a share in the annual production of 5.5 million tons to 6.5 million tons. Gazprom Neft is ready to operate in three more fields of Iran under similar terms. Gazprom Neft CEO Alexander Dyukov said the company had addressed Iranian authorities in August, expressing desire to develop North Azagedan field under the buyback conditions. “There are a few issues calling for further specification and elaboration. We are waiting for Iran’s invitation to go there and discuss them,” Dyukov said.

Gazprom Neft estimates the reserves of North Azagedan at 150 million tons. If the long-term contract for oil trading is concluded, the company will be able to add the reserves to the balance. “In essence, it is the servicing contract. We bear the costs agreed on in advance and to be set off at the fixed yield. We are to agree on the yield and on the oil quantities that we will have for selling,” Dyukov pointed out, adding that the annual production could be from 5.5 million tons to 6.5 million tons.

[RUSSIA] Gazprom Neft Flew to Iran

The company is willing to develop three more fields in Iran under similar terms. They are Shurum, Kuh-e Rig and Dudru, and respective negotiations are underway. Of interest is that the Western companies are leaving Iran at large. Total pulled out in early summer, Repsol and Shell abandoned the plans to develop South Pars in spring. The United States banned companies under its jurisdiction from investing in Iran and the European Union imposed a number of suctions. As to Russia, its companies are stepping up presence in that country.

[RUSSIA] Gazprom Neft Flew to Iran

Source: Kommersant


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[EUROASIA] Russia seeks to ease fears over oil supplies

Russia has moved to allay fears that it could cut vital oil flows to Europe despite heightened tensions over the country's aggressive stance towards its former client states. Russia's energy minister insisted that it was working to ensure stable oil supplies through the key Druzhba pipeline that links Russia to eastern Europe and the west.

"We are doing everything we can so Druzhba can keep working stably and supply European consumers with enough oil," Sergei Shmatko said during a visit to Tajikistan.

"We have worked for many years to gain not just the image, but the status of a reliable energy supplier to Europe and we would never let it suffer, even in this political situation." Officials at Lukoil also denied they had received political pressure to cut supplies next week.

Sources told The Daily Telegraph this week that the Kremlin has prepared Russian oil companies to cut supplies in the face of threatened economic sanctions from the European Union. Until yesterday, the EU had threatened to take a hard line towards Russia over its invasion of Georgia, but the comments from Russia coincided with those from French officials, whose country currently holds the rotating EU presidency, who appear to have since shied away from imposing any formal sanctions.

Yesterday, the Russian ambassador to the UK, Yury Fedotov, said he hoped “people will think twice before making such a decision because it would be quite dangerous, especially for the current economic situation”.

Energy markets have been nervously watching the dispute between Europe and Russia, the world's second-largest oil exporter and oil prices yesterday rose $2.23 to $117.82 a barrel. The possible threat of Tropical Storm Gustav becoming a hurricane and disrupting oil production in the Gulf of Mexico was also a factor in the rise. "Only a sick mind would think of cutting off Europe," a trader at a Russian oil company said.

"Technically it is practically impossible, since (Russian) refineries are running at maximum rates and it is difficult to arbitrage right now."

"You can't completely rule it out, though," the trader added. "Politics always interferes with work."

Although Russia claims it has never cut off oil supplies for political reasons - even during the height of the Cold War - analysts believe it has often done so in the past, albeit in different guises. Last month, Russia cut oil deliveries to the Czech Republic by 50pc citing technical issues that reduced the availability of crude. However it came as the Czech government approved plans to host a US radar that is part of its missile shield defence system, prompting accusations that the cutbacks were politically motivated. Russia was accused of playing a similar game with Ukraine and the Baltic states last winter, ostensibly hiking prices for economic reasons that many suspected were politically motivated as those countries moved further away from the Russian sphere of influence.

Source: The Telegraph| By David Litterick





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[RUSSIA] LUKoil in Probe Over Pipeline

The Federal Anti-Monopoly Service said Wednesday that it was investigating the country's second-biggest oil producer, LUKoil, on suspicion of barring a smaller rival from using its pipeline in the Komi republic.

A more liberal access to pipelines is one of the key goals that the competition watchdog is pursuing. It is also seeking a government decision that would make Gazprom more accountable in running its pipelines. A small oil producer, Nobel Oil, complained that a LUKoil unit banned it from shipping its associated gas, a byproduct of oil production, via a LUKoil-owned pipeline, the Federal Anti-Monopoly Service said in a statement.

"Having studied the situation, the [service's] Komi branch saw signs of a breach of the law in LUKoil-Komi's actions," the government watchdog said.

Pipeline shipments of gas fall under the law that defends competition, it said. The anti-monopoly service demanded that both sides submit documents about the matter by Sept. 12. A service spokesman declined to elaborate.

LUKoil considers the pipeline its private property, a spokesman said. "Perhaps, we have the right to decide who we give access to," he said on condition of anonymity, citing company policy.

LUKoil will submit the documents by the deadline, the spokesman said.

A Nobel Oil official said that company president Grigory Gurevich was unavailable for comment Wednesday.



Source: The Moscow Times





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