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Main page > Comments > Fuel & Energy > Naftogaz-Gazprom merger proposals Naftogaz-Gazprom merger proposalsIt seems that expectations that Russia's huge gas price discount ($40bn for 10 years) to Ukraine should be compensated by something more "tangible" than prolonging a lease of Russia's Black Sea Fleet naval base in Sevastopol, are coming true. In addition to ongoing talks on de facto acquisition of some Ukrainian assets in the nuclear and machine-building sectors by Russian companies, there are high profile proposals to unite Naftogaz and Gazprom. Main negotiations are yet to come, which means more breaking news may follow. Given openly posted information, one cannot discern Russia's real line of behavior regarding South Stream, the project that may make Ukraine's Gas Transportation System (GTS) unnecessary. Not so long ago many experts were confident of Moscow's intention to build South Stream despite enormous financial expenses. Russian officials continue claiming no refusal to lay South Stream is planned. If this is true, Gazprom risks having two pipes to pump almost one and the same gas to one and the same buyer, which is doubtful from the point of view of profitability. At the end of the day, Russia may have to give up either Ukraine's GTS or South Stream. Another option is to reduce South Stream's design capacity and/or reconsider the idea of its merger with Nabucco. By Stanislav Mitrakhovich, NESF leading expert |
Special report:Nord Stream 2 and Ukraine: Costs Should DecideShale Revolution: Myths and RealitiesLiquefied Natural Gas Outlook: Expectations and RealityAnalytical series “The Fuel and Energy Complex of Russia”:State regulation of the oil and gas sector in 2023, 2024 outlookGazprom in the period of expulsion from the European market. Possible evolution of the Russian gas market amid impediments to exportsNew Logistics of Russian Oil BusinessRussia’s New Energy Strategy: on Paper and in FactOutlook for Russian LNG IndustryAll reports for: 2015 , 14 , 13 , 12 , 11 , 10 , 09 , 08 , 07 |
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