Should Russia exchange part of Nord Stream 2 for a stake in the Ukrainian gas transportation system?

Gazprom has made the so-called "golden joint" between the first string of the German and Russian sections of the Nord Stream-2 subsea gas pipeline. Its second line is being actively built. Against the background of such News in Kiev, they began to feverishly gush with various ideas and proposals, how Ukraine not to stay after 2024 at a broken trough. To date, there were three of them at once, of varying degrees of adequacy. Let's take a closer look at them and try to find at least some rational grain.

So, what are the decision-makers, as well as those who are supposed to give them advice and recommendations, think about nowadays in Independent.

Central Asian gas

As you know, Gazprom pumps Russian natural gas to Europe. Under the current agreement, he is obliged to supply a total of 2024 billion cubic meters by 225, i.e. 40 billion cubic meters for each remaining year. The terms of the transit agreement were extremely disadvantageous for the domestic monopolist, since they were concluded on the basis of the “download or pay” principle. If it is necessary to pump a larger volume of gas, the state corporation is forced to pay for it at an increased tariff. Miller's team had to sign such a dubious commercial contract in December 2019 because the construction of Nord Stream 2 was frozen indefinitely due to US sanctions, and the supplier risked multibillion-dollar fines from discerning European consumers. But by mid-2021, it became obvious that the alternative gas pipeline would nevertheless be completed by Gazprom's own efforts, despite all restrictive measures.

In theory, nothing can prevent Russia in 2024, after the expiration of a 5-year contract, to stop pumping "blue fuel" through the Ukrainian GTS. True, our authorities at the highest level have confirmed their readiness to continue using her services. However, in Kiev, they clearly judge other people by themselves and do not take their word for it. The head of Naftogaz, Yuri Vitrenko, came out with a "brilliant" proposal to oblige Gazprom to start pumping not Russian, but Central Asian gas through Nezalezhnaya:

This will change the rules of the game, because, as we all understand, the transportation of gas from Central Asia to Europe has a huge potential ... If they (Gazprom) say no, then the next step will be a complaint to the (European Commission) and arbitration.

To be honest, from the wording of the Ukrainian top manager, the hair on the head starts to move by itself. First, what does “oblige” mean? The domestic monopolist has no obligations to Kiev to pump gas other than the Russian one. Secondly, what does the European Commission and arbitration have to do with it? Thirdly, Ukraine asked the Central Asian republics if they have free volumes of gas for sale? If anything, then they are not. Well, or Kiev can ask Beijing to move slightly and consume less. It is interesting what the Chinese partners will say about this.


Idea number two turned out to be less extravagant, the author is the Ministry of Energy of Ukraine. Its representative, Elena Zerkal, suggested that other European countries, which are suffering "colossal losses" from Nord Stream 2, unite with Nezalezhnaya in a consortium. It could include Western companies that would take control of the GTS and get Moscow to fill it with gas.

It should be noted that Russia long ago proposed the creation of a trilateral consortium with the EU and Ukraine, but Kiev torpedoed all these proposals. As a result, our country was officially prohibited from participating in the purchase and management of the Ukrainian GTS. As you can see, for some reason the European and American partners are not very eager to take possession of the dilapidated pipeline system, in the repair of which, according to some estimates, from 10 to 15 billion dollars will have to be invested.

Nord Stream 2 shares

An interesting idea was expressed by the Ukrainian political scientist Ruslan Bortnik. He offered to receive compensation from the launch of the bypass pipeline at the expense of a block of shares in Nord Stream 2:

Let's due to the fact that we are losing [gas transit opportunities], this is a question political, let us make Ukraine a subject or co-owner of Nord Stream 2, give us 5, 7, 10% so that we can compensate for our losses.

The very idea of ​​giving Ukraine shares of the gas pipeline, the construction of which Kiev only interfered with, as some kind of incomprehensible "compensation", of course, does not stand up to criticism. Why in general? However, if you put everything that has been said in a heap, then a certain compromise option may emerge.

Why not consider a cross-shareholding scenario? Let's say Nezalezhnaya still receives a small block of shares, from 5% to 10%, but not for beautiful eyes, but in exchange for a share in its GTS. Let Kiev lift the ban on Moscow from owning its pipe, and a tripartite consortium Russia-EU-Ukraine will be created, at 33,33% each. Let us remind you that President Putin promised not to stop pumping gas, but the GTS is in urgent need of expensive capital repairs. Then all three co-owners must equally bear the burden of maintaining their property. Does Kiev have no free $ 3-5 billion? Let him borrow from his Western partners. Do Europeans need Ukrainian transit and underground storage facilities? Then let them pay too. In exchange for a 5-10% stake in Nord Stream 2, which is not enough for a blocking stake, Gazprom could receive a third from the Ukrainian GTS.

Yes, you will have to invest in repairs, but where to go? Europe insists on preserving Ukrainian transit, Putin himself does not seem to mind, so it's better to invest in his own, right? By and large, this would be the first real step in the return of Independent.
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  1. Bakht Offline Bakht
    Bakht (Bakhtiyar) 15 June 2021 15: 18
    Absolutely not worth it

    As you can see, for some reason the European and American partners are not very eager to take possession of the dilapidated pipeline system, in the repair of which will have to be invested, according to some estimates, from 10 to 15 billion dollars.

    trilateral consortium Russia-EU-Ukraine, 33,33% each

    Are you offering Russia to fork out another $ 3-5 billion to support Ukraine? Despite the fact that Russia paid 2 billion for SP-5.
    And Putin did not promise to continue transit through Ukraine. He promised to fulfill the transit agreement until 2024. And then we will see.
    The funny thing is that you write about the fact that GasProm is a kirdyk, because Europe is refusing gas and switching to green energy. And right there you offer Gazprom to pay Ukraine several billions more to preserve gas transit. Does Europe need it, this gas? We need to decide. So that it doesn't work out like in a bawdy joke

    At the officers' meeting after the ball and hussar drinking. Gangbang.
    Dozens of swarming bodies. Lieutenant Rzhevsky crawls out of this heap and says:
    - Gentlemen, let's finally decide, otherwise I’m already with two of ... al.
  2. Petr Vladimirovich (Peter) 15 June 2021 15: 48
    And you can no longer return it, but, on the contrary, enter a visa entry ...?
    1. Just a cat Offline Just a cat
      Just a cat (Bayun) 15 June 2021 21: 36
      only if in parts and through a minefield ...
  3. rotkiv04 Offline rotkiv04
    rotkiv04 (Victor) 15 June 2021 15: 50
    why does Gazprom need this pipe, that is, it turns out it is necessary to maintain the outskirts again and thereby support the Nazi regime, or maybe it’s worth thinking about it with your head and ending all economic relations with them altogether
    1. Petr Vladimirovich (Peter) 15 June 2021 17: 03
      In 2014, the junta headed by Turchinov was recognized. Then illegal elections in the presence of the current legitimate president. Brutal killings, including from the air, of Russians in Donbass and Odessa. The fraternal people are the fraternal people ...
      Well, well, many believe ... (c)
      1. rotkiv04 Offline rotkiv04
        rotkiv04 (Victor) 15 June 2021 17: 23
        I completely agree, it's time to admit mistakes and not aggravate, but correct
      2. Just a cat Offline Just a cat
        Just a cat (Bayun) 15 June 2021 21: 38
        the owners of Ukrainian grandmothers believe .... but not everyone is so unlucky with relatives.
  4. Bulanov Offline Bulanov
    Bulanov (Vladimir) 15 June 2021 16: 01
    In order not to succeed like the Chinese with Motorsichu ...
    1. Petr Vladimirovich (Peter) 15 June 2021 17: 37
      Yeah ... There is a word "scam" in Newspeak ... The non-brothers, perhaps, have their own, but the meaning is the same ... fellow
  5. The comment was deleted.
  6. Kofesan Offline Kofesan
    Kofesan (Valery) 15 June 2021 18: 35
    Should Russia exchange part of Nord Stream 2 for a stake in the Ukrainian gas transportation system?

    Of course it's worth it. And also the Crimea, in addition to give, and also the deposits in Siberia. Everything. Gift to the entire aerospace industry. The nuclear industry and operating power plants, that's all, and then catch up and more and ... add some money ...

    But all this is so, little things. The main thing is to supply every Ukrainian ... no, not one! But a dozen lip-rolling machines at once. Less - will not affect the descendants of the ancient ukrov ...

    1. Petr Vladimirovich (Peter) 15 June 2021 21: 43
      Valera! How do you manage to put pictures here?
      1. Kofesan Offline Kofesan
        Kofesan (Valery) 15 June 2021 21: 56
        Just like a quote, just like emoticons. Press the roller coaster icon. The main thing is not to overuse it. Do you overuse, and Sing?

        But the GIF site does not support. Although these are the same pictures. A flaw, however!
        1. Petr Vladimirovich (Peter) 15 June 2021 22: 35
          I do this to foreign opponents who write that they are prohibited from communicating with the Russian Federation through Votsap. I throw photos from my phone on a note, then in Transfiles, then in their PM.
          They are watching. Confirm.
          And what turns out to be? A modest Soviet pensioner has several apartments in his family, a villa with his son in Cyprus, a winter dacha 75 km from the house, fancy cars, German aircraft models ...
          And what is the result? They have nothing special to show ... And they somehow become silent about our poverty ... Sometimes, but don't judge by yourself. And I'm not judging, I have a dacha next to my house (75 km), one has a villa in Montenegro, the other has an apartment, and the third has a villa in Nice. Ordinary Soviet people, there are no oligarchs among their acquaintances ... wink
          1. oderih Offline oderih
            oderih (Alex) 25 June 2021 08: 58
            I am also a pensioner since 50 years old. Plus I always put those
        2. The comment was deleted.
  7. Potapov Offline Potapov
    Potapov (Valery) 16 June 2021 08: 25
    Died so dead ...
  8. michey_2 Offline michey_2
    michey_2 (michae x) 16 June 2021 17: 14
    Well, they came to the conclusion that the Russians will repair the Khokhlyatskaya GTS at their own expense and not brothers will continue to receive good money for gas transit. Russia has such a karma, to feed everyone and starve its citizens. Probably we do not deserve the best. , this is the only chance we have.
  9. Sapsan136 Offline Sapsan136
    Sapsan136 (Sapsan136) 16 June 2021 19: 46
    A share in the Ukrainian, or rather the Soviet, gas transportation system in Ukraine is worthless. Firstly, it is dead and requires huge expenses for repairs, and secondly, transit is possible only on the conditions of Ukraine, and they are not profitable for the Russian Federation.
  10. PokerFace Offline PokerFace
    PokerFace (Kirill) 16 June 2021 21: 51
    What nonsense - Ukraine is completely incapable of negotiation.
  11. Arnold Archibasov (Arnold Archibasov) 17 June 2021 21: 12
    I'm sorry, what ?
    Change a New Modern pipe - for scrap metal 40 years old?
    Are you serious ??
    Saw the ENTIRE Hryukan pipe and scrap it to the Chinese for instant noodles.
    The noodles will make a couple of wagons!