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Ukraine's pipelines will lose 50% of value when South Stream starts - Naftogaz head
RT ^ | 29 July 2014

Posted on 07/30/2014 12:50:43 PM PDT by Lorianne

The South Stream gas pipeline, which bypasses Ukraine, may halve the value of Ukraine’s gas transportation system (GTS), according to Andrey Kobolev, head of Ukraine’s national oil and gas company Naftogaz.

After the Russian–led South Stream project is complete and working at full capacity, the value of Ukraine’s GTS may fall as much 50 percent from the present estimate of $25-$35 billion, RIA Novosti quotes the head of the company.

“We have no wish to lose it, and it’s unreasonable," Kobolev said on a Ukrainian local TV channel.

Construction of the South Stream pipeline in Bulgaria and Serbia was suspended following pressure from the EU to comply with competition law. After a while construction resumed.

"They [Gazprom] are ready to invest their own 15 billion euro in South Stream construction … This gas pipeline will take away from the Ukrainian transit potentially up to 60 billion cubic meters. Currently the transit carries 86 billion cubic meters," Kobolev said.

Previously 110-120 billion cubic meters were fed through Ukraine, but now the Nord Stream pipeline has taken a share of it, Kobolev explained, and concluded that once South Stream is operational Ukraine could be in a very difficult situation.

(Excerpt) Read more at rt.com ...


TOPICS: Business/Economy; Foreign Affairs; Russia
KEYWORDS: followthemoney; natgas; southstream; ukraine; ukrainecrisis

1 posted on 07/30/2014 12:50:43 PM PDT by Lorianne
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To: Lorianne

The deal Russia offered them looks even better if that’s the case and the austerity measures IMF forces Ukraine to make will be even more harsh, too.


2 posted on 07/30/2014 1:03:09 PM PDT by Rashputin (Jesus Christ doesn't evacuate His troops, He leads them to victory.)
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To: Lorianne
Official Putin Lover Thread


3 posted on 07/30/2014 1:07:49 PM PDT by lormand (Inside every liberal is a dung slinging monkey)
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To: lormand
So is that saying 50% is an exaggeration or do you just like that particular photo of Putin?

What's your estimate of the change in valuation South Stream coming on line would make?

4 posted on 07/30/2014 1:14:47 PM PDT by Rashputin (Jesus Christ doesn't evacuate His troops, He leads them to victory.)
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To: Rashputin

The story is from RT. Need I waste more time with you in explaining what RT is?


5 posted on 07/30/2014 1:17:30 PM PDT by lormand (Inside every liberal is a dung slinging monkey)
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To: lormand
And your estimate of the change in valuation of Ukraine pipelines should be when South Stream comes online?

Who is putting the gas into both routes and who would know how much they're planning to change how they route the gas between the two lines?

Seriously, I'd like to know where you'd draw that line as opposed to a biased source like RT.

6 posted on 07/30/2014 1:20:49 PM PDT by Rashputin (Jesus Christ doesn't evacuate His troops, He leads them to victory.)
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To: Lorianne
Andrey Kobolev, head of Ukraine’s national oil and gas company Naftogaz

Joe Biden's son got fired already?

7 posted on 07/30/2014 1:21:34 PM PDT by McGruff (I don't trust the Russians but I don't trust the Ukrainians either.)
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To: McGruff
LOL. I doubt it.

Sounds like RT is telegraphing in part how they're going to respond to sanctions related to Ukraine. They'll reduce what flows through Ukraine to make it take longer for investors get their investment back and/or decent return on their investments.

Reading tea leaves I guess.

8 posted on 07/30/2014 1:25:11 PM PDT by Rashputin (Jesus Christ doesn't evacuate His troops, He leads them to victory.)
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To: Lorianne
RT

I notice that whenever these articles from Russia Today are posted here, you never spell out the name.

Is there some reason for that??? Are you ashamed of your mother country???

9 posted on 07/30/2014 1:26:09 PM PDT by Uncle Chip
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To: Rashputin

Obam, via his front man McCain, tried to get the Baltic states to break the agreement for South-Stream.... Yats was furious , he knew what this would mean for Ukraine if they didn’t get the revenues needed.

It’s no accident when he couldn’t get the votes in Parliament regarding passing who gets control of the oil.
Unfortunately Yats would soon learn too late that he was caught in the middle of the “ Former Oligarch” oil wars....and all the rest of the corruption inside and outside Ukraine.... Course he was probably a part of it since he was in the Ukraine Gov. prior to the revolution.....but he walked just the same.


10 posted on 07/30/2014 1:32:25 PM PDT by caww
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To: McGruff
That's why Yats gave his resignation in Parliament...the vote didn't come through. Of course could have rightly been part of the plan. As said before E.Ukraine isn't the only place their's a war going on.....who's going to control the decisions in Ukraine's Gov. is also being determined and it's as nasty and deadly as the fighting on the border!
11 posted on 07/30/2014 1:38:01 PM PDT by caww
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To: Rashputin
The sacrifices that the Ukrainians must endure, both in blood and economically will be well worth it in liberty and freedom.

Posting propaganda from Putin's lapdog media is disgusting. Any time spent analyzing or commenting on RT stories is a huge waste of time. Yesterday, one of you Putin-lovers posted a Youtube video of some Russian whore in Eastern Ukraine as if it were some legit story. WTH is happening to this place?

12 posted on 07/30/2014 1:39:57 PM PDT by lormand (Inside every liberal is a dung slinging monkey)
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To: lormand

It’s a good idea to know what both sides are saying...you better believe Washington is watching what all Russian Media is saying...and commenting....so are our businesses and Industry and the International Community overall.

FR has always been a place we could view both sides.....for crying out loud we all dislike Obama yet we post his stuff as well and comment.


13 posted on 07/30/2014 1:44:30 PM PDT by caww
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To: Lorianne

Quote: “Construction of the South Stream pipeline in Bulgaria and Serbia was suspended following pressure from the EU to comply with competition law. After a while construction resumed.”

Let me guess...the “competition law” would (in effect) outlaw competition -as cruel and unusual?


14 posted on 07/30/2014 1:48:25 PM PDT by Fitzy_888 ("ownership society")
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To: caww
I'd love a second opinion on what South Stream really does in the way of altering Ukraine income but people don't seem to know. I had it figured at between 40% and 50% on my own looking at the capacities and destinations but I gather than if that's in the same ballpark RT states it just has to be wrong.

I honestly don't know how Ukraine can do what the IMF is demanding of them without much, much, lower energy prices for themselves, and much higher income from transit fees to keep the people from going wild again.

I don't see why people in Western Ukraine are any more docile than they've been in the past and they were in the streets of Kiev in what, 2004, 2010, and most of 2013? Every time over the top people in government needing changed.

Ukraine is a tar baby and anyone who gets stuck to it regrets having done so.

15 posted on 07/30/2014 1:48:59 PM PDT by Rashputin (Jesus Christ doesn't evacuate His troops, He leads them to victory.)
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To: Rashputin

....”I’d love a second opinion on what South Stream really does in the way of altering Ukraine income but people don’t seem to know. I had it figured at between 40% and 50% on my own looking at the capacities and destinations”......

Not being in the oil business I haven’t a clue...but Yats reaction was thunderous if it went through. When you add the austerity measures, which as you said would increase, and those who will surely shave off the top any Gov. revenues...Ukrainians aren’t going to come out of this as they’ve been promised......

As one Oligarch said laughingly and with much conviction....”In Kiev there is no end to Revolution!”


16 posted on 07/30/2014 1:59:36 PM PDT by caww
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To: Uncle Chip

Ostrich


17 posted on 07/30/2014 2:47:38 PM PDT by Lorianne (fedgov, taxporkmoney)
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To: McGruff

LOL, probably got promoted


18 posted on 07/30/2014 2:50:37 PM PDT by Lorianne (fedgov, taxporkmoney)
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To: Lorianne

19 posted on 07/30/2014 2:59:31 PM PDT by cynwoody
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To: Rashputin
....”Ukraine is a tar baby and anyone who gets stuck to it regrets having done so”.....

Poroshenko said:

“America should use all instruments at their disposal to “stop the war.”

State Dept says:

...”Russia needs to stop the war...”

Stalemate!!!!

20 posted on 07/30/2014 3:01:59 PM PDT by caww
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To: cynwoody

Interesting studying these various maps on oil pipelines....they ‘hard wire’ nations as nothing else does. Billions in investments and not easily undone or ignored as trade agreements etc.


21 posted on 07/30/2014 3:08:24 PM PDT by caww
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To: lormand

Didn’t you hear RT is an official FR news source now for the Putinista’s and Putin is the great hope of the future for FR Puntinista’s.

We are to overlook the invasions and countless dead who pave the way to victory for Putin and adoring Russian scum here who wrap themselves in the bloody Russian flag.

Don’t worry Putin is our friend, the dead he has slaughtered are the enemy.

Something shifted here to this soviet doctrine group-speak and it is not to be challenged to strongly.


22 posted on 07/30/2014 3:38:39 PM PDT by free_life (If you ask Jesus to forgive you and to save you, He will.)
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