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Oct 18 • 4 tweets • 1 min read
#Russia_Gas: LNG producer Novatek seeks to partner with Green Energy Solutions of the United Arab Emirates (UAE) to supply the technology needed for further development of Arctic LNG 2. The Emirati company is supposed to replace the French, Italian and American companies, which⤵️
ceased operations in Russia. due to sanctions. LNG production on Arctic 2 is delayed by at least a year, with online production not due until the end of 2023. The Emirati company will be based in Abu Dhabi (not Dubai), showing close ties to the political elite of UAE.⤵️
This is yet another attempt to circumvent sanctions by seeking substitutes from non-Western companies.
highnorthnews.com/en/russias-nov…

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More from @DionisCenusa

Dionis Cenusa Profile picture
Oct 20
#Moldova_Russia: Further details on the ~50 million euro loan that the Moldovan government (through the state-owned company Energocom) is making to the Moldovan gas operator (50% owned by Gazprom) to pay off current Russian gas debts include the following:⤵️
1 ) The money will be disbursed today based on loan and pledge contracts; 2) The maturity of the loan is May 1, 2023, with an interest rate equal to the base rate of the National Bank of Moldova (currently - 21.5% per annum); 3) The guarantee for repayment of the loan and⤵️
interest is the pledge consisting in assigning in favor of the Moldovan government/Energocom 100% participation of Moldovagaz (Gazprom) of the capital in “Moldovatransgaz" and all movable property of the networks of natural gas transport.⤵️
Read 4 tweets
Dionis Cenusa Profile picture
Oct 20
#EU_Russia: The EU summit with 10 ASEAN countries scheduled for Brussels in December will adopt a declaration condemning Russian aggression against Ukraine. This will happen after the G-20 meeting that will take place in Indonesia (Bali) in November, with the participation of⤵️ Image
Putin. It is worth mentioning that of the 10 member states of ASEAN, only Singapore has joined some of the Western sanctions against Russia in the financial sector (along with 30 other countries). ⤵️
Consequently, Singapore is the only one included in the list of ~50 “unfriendly states” established by Russia to apply counter-sanctions. Vietnam has an FTA with the Eurasian Union. ⤵️
Read 6 tweets
Dionis Cenusa Profile picture
Oct 19
#Moldova_Russia: Latest news: The Moldovan authorities decided not to risk it and will lend money to MoldovaGaz to pay the current debts to Gazprom - about 50 million euros. Therefore, the government decided to stay away from energy disruptions for 3 reasons:⤵️
1) Gas in the EU spot market is still high; 2) The government cannot cover the gas costs for the breakaway region to ensure the production of 70% of the electricity. This implies the risks of socio-economic shocks in the separatist region, as well as in the constitutional⤵️
territories, with implications for the security and stability of Moldova; 3) It is very likely that the Moldovan govt is not convinced that it can buy the full volumes of electricity at a discount from Romania (a strategic partner), potentially including gas.⤵️
Read 4 tweets
Dionis Cenusa Profile picture
Oct 19
#Russia_migration: The state concept of migration policy will be revised soon: 1) Russia wants to integrate ~ 5 million Ukrainian refugees (forced to move to Russia from the occupied territories of Ukraine); 2) The influx of foreign immigrants is increasing after pandemic⤵️
restrictions are lifted; 3) More Russians emigrated abroad since the war against Ukraine broke out. The MFA is supposed to increase activity abroad to protect the interests of Russian citizens. This somewhat contradicts recent statements by Lavrov, who announced that⤵️
diplomatic representation in the Baltic countries will be reduced due to the coldness in bilateral relations. Perhaps Russia will limit its diplomatic capacities in Western states that build an exigent, principled and restrictive policy against Russia (rightly termed as⤵️
Read 5 tweets
Dionis Cenusa Profile picture
Oct 19
#EU_Gas: The Dutch authorities restored the export license to South Stream Transport BV (with offices in the Netherlands and Russia) which operates the “Turkish Stream” gas pipeline in the Black Sea (max. 41.7 million m3/day/31.5 billion m3 per year). In mid-September,⤵️
before the EU adopted the eighth package of sanctions, the Netherlands suspended the license of this Russian-linked company. The decision to allow the export through Turkish Stream on the EU market seems to be related to the decrease in⤵️
the supply of Russian gas through the previous routes. Putin recently declared that Turkey could become the "gas hub", which is a strategic goal of Erdogan.
Read 4 tweets
Dionis Cenusa Profile picture
Oct 19
#Moldova: Tomorrow Gazprom could cut off the gas supply. The deadline for advance payment is October 20 monthly. If the Moldovan operator MoldovaGaz (50% owned by Gazprom) does not pay its debts for current gas consumption, Russia can suspend the flow of gas.⤵️
Since January 2022, the Moldovan side accumulated €11.7 million (MDL 223 million), of which ~€10 million correspond to gas received in September (85% of current debts). Of 10 million euros, just over half is debt of domestic consumers (5.7 million euros).⤵️
The Moldovan authorities assured that Russian gas will be replaced by gas purchased on the EU spot market. The gas price according to TTF (~€1,300 per 1,000m3), which is about €250 higher than the price of gas sold by Russia. Supply from Romania is also possible but⤵️
Read 6 tweets

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