person:guenther oettinger

  • A Bad Gas Deal For Ukraine As Europe Looks After Its Own Interests
    http://www.forbes.com/sites/paulroderickgregory/2014/10/31/a-bad-gas-deal-for-ukraine-as-europe-looks-after-its-own-interests

    The BBC headline tells it all: Russia-Ukraine gas deal secures EU winter supply (via Ukraine). European officials also confirmed the message of the headline. Commission President Manuel Barroso triumphantly declared: “There is now no reason for people in Europe to stay cold this winter,” and European Union energy chief, Guenther Oettinger, announced he was confident that Ukraine would be able to afford to pay for the gas it needed (Says who?). Where are Ukraine’s expressions of gratitude and relief? They are lacking for good reason.

    It turns out the month-long negotiations over Ukraine’s gas dispute with Russia were really about securing Europe’s Russian gas. Ukraine was only a side issue. Russia’s incessant propaganda that Europe itself was threatened by Ukraine’s gas cutoff dominated the discussion. Europe pushed Ukraine into a bad deal to protect itself.

    What did Ukraine get out of the deal? It received the go-ahead to transfer some one third of the financial assistance it is receiving from the IMF and European Union to pay for the Russian gas, diverting scarce funds from its desperate defense, infrastructure, and reform needs. Ukraine gets to pay Russia one of the highest gas prices in Europe ($378 versus the $304 European average), and there appears to be no agreement as to how much of this gas goes to the gas-guzzling heavy industry of the Donbass, occupied by pro-Russian rebels. Kiev, by the way, has been virtually cut off from Donbass coal and has to buy elsewhere.

    On rappelle que l’accord UE-Uk-Ru s’est fait aux conditions russes (prix et paiement d’avance), l’Ukraine peut emprunter pour payer, avec la garantie de l’UE — ce qui n’est quand même pas tout à fait rien…

    L’Europe aura du gaz cet hiver, finalement c’est ça qui compte.

  • BBC News - Russia-Ukraine gas deal secures EU winter supply
    http://www.bbc.com/news/business-29842505

    Ben, finalement, pour résoudre la crise du gaz ukrainienne, il a suffi que l’Europe ouvre grand son portefeuille…

    Russia has agreed to resume gas supplies to Ukraine over the winter in a deal brokered by the European Union.

    The deal will also ensure gas supplies to EU countries via Ukraine are secure.

    "There is now no reason for people in Europe to stay cold this winter,’’ said European Commission President Jose Manuel Barroso.

    European Union energy chief Guenther Oettinger said he was confident that Ukraine would be able to afford to pay for the gas it needed.

    He added that the agreement might be the “first glimmer” of hope in easing tensions between Russian and Ukraine.

    This is an important step for our shared energy security in the European continent,” Mr Barroso said.

    The deal follows months of talks between EU officials and the Russian and Ukrainian energy ministers.

    The terms include the EU acting as guarantor for Ukraine’s gas purchases from Russia and helping to meet outstanding debts.

    The total package is worth $4.6bn (£2.87bn), with money coming from the International Monetary Fund as well as the EU. The total includes funds from existing accords with the EU and IMF.

    Unprecedented levels of EU aid will be disbursed in a timely manner, and the International Monetary Fund has reassured Ukraine that it can use all financial means at its disposal to pay for gas,” the EC said in a statement.

    Further work with the international financial institutions on financial assistance to Ukraine, also in relation to gas supplies, will still continue. But all three sides are reassured that Ukraine will have the necessary financial means.

    Donc l’info, c’est : l’Union européenne se porte garante des achats ukrainiens de gaz russe. Étant donné l’état de santé des finances ukrainiennes, c’est sur un vrai triomphe que Barroso et Œttinger concluent le dernier jour de leurs mandats…

    #tout_ça_pour_ça !

    • Évidemment, les contrats à terme pour l’hiver du gaz naturel britannique s’effondrent…

      UK gas prices drop to record low on Ukraine-Russia deal | Daily Mail Online
      http://www.dailymail.co.uk/wires/reuters/article-2815440/UK-gas-prices-drop-record-low-Ukraine-Russia-deal.html

      British wholesale gas prices for November and December fell to their lowest ever levels on Friday after Ukraine and Russia signed a deal which will see Moscow resume supplies of gas over the winter.

      The contract for delivery in November was trading at 52.10 pence per therm at 0758 GMT, down 1.7 percent from the previous settlement but it had earlier touched 52.00 pence per therm, its lowest level since the contract began trading.

      The December contract was trading at 54.60 pence per therm, also down 1.7 percent but touched its lowest ever level of 54.40 pence in earlier trade.