On October 30, Poland announced its intention to privatize the state-owned majority stake in the country’s second-largest oil industry concern, Lotos Group. The Polish government is inviting interested parties to pre-tender talks on the Lotos Group.
Ukraine, declaring its intention to develop the relations of strategic partnership with China, should be really cautious about the way of the promotion of the relations between Beijing and Moscow. Following the official terms, they have already reached the level of “comprehensive deepening of partnership and strategic interaction”.
Senior Russian officials have made clear that the country’s energy policies will continue to evolve around the nexus of ambitious export plans. The government pledged to make the country’s gas exports more flexible. Russia’s total gas exports will include 10 percent of liquefied natural gas (LNG) by 2020 and 15 percent by 2030, Prime Minister, Vladimir Putin, announced on September 17. The global demand for hydrocarbons will be increasing in the next decade according to Putin.
The question on the fate of the “South Stream” pipeline remains one of the key ones for Russian policy within the gas sphere. The alternative European “Nabucco” project remains its competitor; the issue, which pipeline will be constructed, can be solved already by the end of this year (the beginning of the accomplishment of one project can make another one unclaimed). At the moment the organizers of the both projects hold tensed negotiations with the Parties involved. In case of the “South Stream” we are talking about transit states, among which Bulgaria is the one which is potentially able to play the kind of role not only for Russia-Italian project, but also for the “Nabucco”.
Russia and Belarus have failed to renew an agreement on crude oil export tariffs that expired on New Year’s Eve, raising the prospect that yet another otherwise unremarkable energy pricing dispute between Russia and a neighbor could unravel into a midwinter fuel shut-off on the Continent.
Moscow has reiterated pledges to improve Russian energy security by promising sizable investments to develop its hydrocarbon sector and power supply networks. However, the economic viability of such solutions appears to remain a matter of debate as Moscow’s ambitious plans require huge investments. Russian authorities have long pledged to replace obsolete and wasteful Soviet-era energy technologies and solutions by what officials describe as “energy-efficient” facilities.
On October 19, Turkey, Italy and Russia signed a memorandum of understanding on the Samsun-Ceyhan oil pipeline (SCP). Turkish Energy Minister Taner Yildiz, the Italian Economic Development Minister Claudio Scajola and the Russian Deputy Prime Minister Igor Sechin, inked the agreement that regulates the commitments of the three partners to the SCP. Despite the several signing ceremonies organized in the past for the SCP, the construction work did not commence.