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Olena Pavlenko: Russia will benefit from EU hesitations

 

The talks in Vienna that took place last week resulted in no arrangements on clear conditions and terms of allocating funds on the European part to pump gas in storage for the autumn-winter period. Now getting another tranche is postponed for a certain period of time, which in its turn will again delay preparation for winter and accumulation of gas in underground storage facilities, said the President of the DiXi Group Think Tank Olena Pavlenko.

 

“If the autumn is warm, such a delay in the allocation of funds may be not too critical. In the fourth quarter of 2015, the price for Russian gas under the contract will drop even more, plus relatively low gas prices will be preserved in the European markets. It will be possible to extend the conventional deadline for pumping gas into underground storage facilities more than by mid-October.

 

If cold weather will start from October, both Ukraine and the EU run the risk of getting into a situation where the gas price will start to grow in the European markets, the demand for gas will increase as well, and Russia will be able to manipulate its position, namely continue to delay delivery, explaining it by workload and applications from EU countries. The Russian party has already declared that it will not pump gas into Ukrainian storages, therefore, it will not consider themselves responsible for any breakdown in the gas supply or transportation. And it will be interested in the creation of a particular situation in order to accuse Ukraine of improper partnership.”

 

Olena Pavlenko
President of DiXi Group

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