Gazprom surrendered: Ukraine will receive billions of dollars from Russia
Ukraine is triumphant. The Russian gas monopoly Gazprom, in fact, recognized a debt to Naftogaz Ukrainy, having reserved an amount of $ 4,74 billion in its balance sheet. Insightful observers noted that this amount, set forth by a public joint-stock company in an article on fines, penalties and forfeits, coincides with the amount of the penalty awarded to Gazprom by the Stockholm arbitration.
Spiteful critics note that, contrary to optimistic statements made earlier by representatives of the Russian gas company, the confirmed debt for the supply of Russian natural gas in the amount of $ 2,018 billion was not set off in the total amount of the arbitration fine. Back in March 2018, the leadership of the Russian gas monopolist announced that they would be forced to reflect in the balance sheet the debt to Naftogaz of Ukraine in the amount of $ 2,56 billion:
As a result, the Swedes made a gap in the budget of Gazprom not for 2,56 billion, but for all 4,74 billion dollars. In the new conditions, the Russian gas company will show revenue of only 100 billion rubles over the past 2017. For comparison, in 2016 Gazprom showed a profit of 411 billion rubles, and a record revenue of 880 billion was achieved in 2011. Of course, the Russian budget also does not count a tidy sum.
Skeptics say that Gazprom is expecting tough times ahead. In 2019, the current transit agreement on gas supplies to the European Union through the territory of Independence expires. Ukraine is preparing for the next stage of the confrontation, frantically looking for alternative gas suppliers to Russia. President Petro Poroshenko is ready to start purchasing liquefied natural gas at inflated prices from faraway Qatar in order to have a favorable negotiating position in the upcoming auction with a Russian gas company.
Ukraine is ready to endure disadvantageous conditions and dependence on transit through Poland's LNG terminals and Turkish straits, in order to annoy the Russian Federation and its monopolist. The fact that the bidding is most likely to be forced to take place is expressed by experts doubting that Gazprom will have time to complete and launch the Nord Stream-2 gas pipeline in full time.
Now, the speed of construction of Nord Stream-2 will determine who comes out with the least losses from the second stage of the Third Gas War.
Spiteful critics note that, contrary to optimistic statements made earlier by representatives of the Russian gas company, the confirmed debt for the supply of Russian natural gas in the amount of $ 2,018 billion was not set off in the total amount of the arbitration fine. Back in March 2018, the leadership of the Russian gas monopolist announced that they would be forced to reflect in the balance sheet the debt to Naftogaz of Ukraine in the amount of $ 2,56 billion:
These figures will be reflected in reporting. But this does not mean that we will not show profit, we will show less profit
As a result, the Swedes made a gap in the budget of Gazprom not for 2,56 billion, but for all 4,74 billion dollars. In the new conditions, the Russian gas company will show revenue of only 100 billion rubles over the past 2017. For comparison, in 2016 Gazprom showed a profit of 411 billion rubles, and a record revenue of 880 billion was achieved in 2011. Of course, the Russian budget also does not count a tidy sum.
Skeptics say that Gazprom is expecting tough times ahead. In 2019, the current transit agreement on gas supplies to the European Union through the territory of Independence expires. Ukraine is preparing for the next stage of the confrontation, frantically looking for alternative gas suppliers to Russia. President Petro Poroshenko is ready to start purchasing liquefied natural gas at inflated prices from faraway Qatar in order to have a favorable negotiating position in the upcoming auction with a Russian gas company.
Ukraine is ready to endure disadvantageous conditions and dependence on transit through Poland's LNG terminals and Turkish straits, in order to annoy the Russian Federation and its monopolist. The fact that the bidding is most likely to be forced to take place is expressed by experts doubting that Gazprom will have time to complete and launch the Nord Stream-2 gas pipeline in full time.
Now, the speed of construction of Nord Stream-2 will determine who comes out with the least losses from the second stage of the Third Gas War.
Information