• 4 minute Hey Oil Bulls - How Long Till Increasing Oil Prices and Strengthening Dollar Start Killing Demand in Developing Countries?
  • 8 minutes Could oil demand collapse rapidly? Yup, sure could.
  • 15 minutes Oil and Trade War
  • 5 hours Could oil demand collapse rapidly? Yup, sure could.
  • 16 hours Are EVs Safer Than Combustion Engine Vehicles?
  • 2 hours U.S. Withdraws From U.N. Human Rights Council
  • 13 hours What If Canada Had Wind and Not Oilsands?
  • 41 mins Gazprom Exports to EU Hit Record
  • 19 hours Sell out now or hold on?
  • 5 hours Hey Oil Bulls - How Long Till Increasing Oil Prices and Strengthening Dollar Start Killing Demand in Developing Countries?
  • 3 hours WE Solutions plans to print cars
  • 6 hours EVs Could Help Coal Demand
  • 20 hours Nopec Sherman act legislation
  • 19 hours Migrants: Italy Wants EU Border Agency In Africa, Not At Sea
  • 14 hours Australia mulls LNG import
  • 8 hours Lloyd's of London excludes coal
  • 14 hours Oil and Trade War
  • 15 hours Russia, Saudi Push For Big Hike In Oil Output Despite Iran Opposition
  • 15 hours Oil prices going down
Alt Text

Australia Looks To Tackle Its Looming Gas Shortage

The world’s soon-to-be top liquefied…

Alt Text

Why LNG Prices Are Poised To Soar

Global liquefied natural gas prices…

Alt Text

Trump’s Tariffs On EU Are Great News For Russia

Souring trade relations between the…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

Getting European Gas to Ukraine

Bottom Line: The EU is hoping to get as many countries on board to transit natural gas to Ukraine, and while Hungary and Poland are already involved, the next in line is Slovakia as the pieces slowly fall into place to reduce Russia’s monopoly.

Analysis: Right now, German’s RWE Supply & Trading is the European leader in selling gas to Ukraine, but the European Union is hoping to get other European companies, and countries on board. The goal is to re-export natural gas and to employ reverse flow transit. What Brussels is eyeing is the Transgas pipeline that connects Germany to Slovakia, via the Czech Republic. This  pipeline could be adapted for reverse-flow use to get gas to Ukraine. It is already connected up with Slovakia’s transit system and could be adapted to flow west-east to Ukraine. It’s not a precedent. It was done (again by RWE) in 2009 when Russia cut off the gas flow to Europe. In March 2013, RWE sold its Czech pipeline to a German-Canadian consortium called Net4Gas, operated by Eustream.

Recommendation: The problem with the EU’s ambitions here is simply one of economics. This Slovakia tie in centers around an inter-connector at Lanzhot, but the tariffs here for shippers are prohibitively high, and Slovakian authorities and Eustream will have to adjust tariffs if this is to work. As it stands, European shippers are not attracted to selling gas to Ukraine. The reverse gas transit from Hungary and Poland,…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News