Much changed in Ukraine after the election of Vladimir Zelenskiy to the presidency. More change is to come; some not good for Ukrainian sovereignty.
Although the Crimean peninsula is still in Russian hands, and Donbas still suffers from a bloody war, the Russian Federation may soon control the crown jewels of Ukrainian off-shore gas fields — those under the Black Sea.
Ukraine has long suffered under the yoke of Russia’s punitive gas policies. The state-controlled giant Gazprom has cut supplies in the middle of the winter and grossly inflated prices. The motivation behind the construction of Nord Stream II and Turkstream pipelines are clear — to pressure Kyiv financially by destroying its $3 billion gas transit business. The weaponization of energy is a Kremlin hallmark. However, in a masterstroke of statecraft, the Kremlin may have found a way to strengthen its oil and gas business, while at the same time cementing hydrocarbon production control over the coveted Black Sea region.
The West has long encouraged Ukraine to develop its own gas fields, in order to improve energy security, strengthen trade balance, and remove itself from under Gazprom’s shadow . Ukraine is finally moving forward in 2019 by auctioning multiple subsoil plots under the Black Sea to increase domestic natural gas production . Kyiv would no longer be subject to Russia’s turning off the gas on a whim during a harsh winter. The future looked bright.
“The most promising is a site near Odessa called Dolphin. The bidders include two American companies, Trident Acquisitions (created by large American investors, represented in Ukraine by the ex-MP of the Russian State Duma Ilya Ponomarev) and Frontera Resources (associated with Vladimir Ignashchenko, Advisor to the Minister of Energy); one Ukrainian company Ukrnefteburenie (according to media controlled by businessmen Igor Kolomoysky, Pavel Fuchs and Member of Parliament Vitaly Khomutynnik ); and one more – Azerbaijani Caspian Drilling Co. (CDC) (which is influenced by people’s deputy Andrei Ivanchuk and his childhood friend, former Prime Minister Arseniy Yatsenyuk),” reported Ukrainian news outlet Apostroph.ua.
It is the last entry into the competition for Dolphin that is the most troubling, for CDC is reported to be the front-runner for being awarded the contract. Who invited an Azerbaijani state-owned drilling company into the competition for developing Ukrainian gas? Turns out this was llham Mamedov, a prominent figure in the Ukrainian oil and gas market, who “facilitated the invitation” through the current Energy Minister Igor Nasalik. He is reportedly assisted by the former MP Ivanchuk and former Prime Minister Yatsenyuk, along with the Parliamentary Deputy Igor Kononenko. Mr. Mamedov is the head of Lukoil-Ukraine, the subsidiary of the massive Russian oil giant headed by Vagit Alekperov, a fellow Azeri.
The method behind the madness suddenly becomes very clear.
CDC, a subsidiary of Azeri state-owned oil behemoth SOCAR has never produced oil and gas outside the Caspian Sea; however, Lukoil sure has, and currently owns stakes in Romanian fields offshore. “Lukoil, rather, has so far invested, only to block the success of the most promising projects – both on the Black Sea shelf — and in the development of shale deposits in Romania. This is hardly a mere coincidence,” writes Apostroph.ua.
The public was reassured – in Ukraine, everyone knows the gas stations of SOCAR, and no one is surprised at their participation in the competition – after all, only experts know that this company produces exclusively in the Caspian Sea.
As a result, the pro-Russian CDC represents serious competition to two American companies, previously considered favorites of the contest that the US Secretary of Energy Rick Perry followed with great interest.
It is important to note that Yatsenyuk, Kononenko and Nasalik, having fallen out of power in Ukraine after the elections to the Verkhovna Rada, which are rapidly approaching in July, apparently willing to take the money of those whom they ardently called from the halls of power “aggressors”.
Moreover, there are questions about the Alekperov connections with the Chairman of the Azeri national oil company Rovnag Abdullayev. In June his son Rashad complained to the police of the Spanish island of Ibiza, claiming a theft of a $1.3 million watch. Bloomberg is reporting media interest as to how the son of a “state employee” of Azerbaijan may come into possession of such a watch.
Transparency International ranks Azerbaijan 152nd out of 180 in the global corruption index, as questions of corruption and money laundering long hounded the oil-rich country in the Caucasus. As President Ilham Aliev long warned state employees to watch their conspicuous consumption, Abdullayev senior appears vulnerable in the aftermath of the Spanish police probe and may not want to push the Ukrainian offshore bid to avoid scrutiny.
However, if CDC wins the gas field bid, as soon as next week Lukoil may receive a promising Ukrainian off shore gas field in addition to its Romanian assets, and, unlike the Crimea, it will not be burdened with international sanctions. In that case, the result of the game of energy geopolitics will be Kremlin: 1, Ukraine: 0
Sign up for Daily Newsletters
- EXCLUSIVE-Russia wants short-term gas deal with Ukraine before bypass routes complete
- Exclusive: Russia wants short-term gas deal with Ukraine before bypass routes complete
- Rosneft, Lukoil, Gazprom Show Interest in Developing Turkmen Oil, Gas Fields
- What is the 'Steinmeier Formula' and will it lead to peace in eastern Ukraine?
- EastMed gas: Paving the way for a new geopolitical era?
- Bulgaria tries to loosen Russian grip with new gas pipeline deals
- Two of Rick Perry's closest political allies got Ukrainian oil and gas deal after energy secretary gave their names to country's new president as 'energy advisers'
- Vladimir Putin offers Ukraine financial incentives to stick with Russia
- US trumps Russian gas as Poland eyes Gazprom exit
- Russia's Gazprom to terminate gas contracts with Ukraine
- Ukraine to ditch Russian friendship treaty amid tensions
- Russia's Special Ops Invasion of Ukraine Has Begun
|G-SHOCK Men's GA-100 Neon Highlights Watch check it now at Amazon||G-Shock Men's GA-100 Camouflage Watch, Grey, One Size check it now at Amazon||G-SHOCK Men's GA-100 Limited Edition Watch4.7★ / $74.99||Timex Men's Expedition Field Chronograph Watch4.4★ / $53.95||Casio Men's GA-400-1AJF G-Shock Hyper Colors Series Wrist Watch [Japan Import]4.5★ / $109.99||Casio Men's GA-110TS-8A3CR G-Shock Grey Watch check it now at Amazon||Timex Women's Metal Field Expedition Watch #T445633.9★ / check it now at Amazon||Casio Men's GA-400-7AJF G-Shock Hyper Colors Series Wrist Watch [Japan Import]4.9★ / $137.65||Wenger Men's Classic Field Watch 72908 check it now at Amazon||Casio Men's GA-110TS-1A4 G-Shock Analog-Digital Watch With Grey Resin Band$140||Timex Men's Expedition Field Chrono Bracelet Watch #T49904 check it now at Amazon||G-Shock Men's GA-110AC-4A Red Stylish Watch4.9★ / check it now at Amazon||G-Shock Men's GA-1100 Gravitymaster Watch, Black/Silver, One Size check it now at Amazon||G-SHOCK Men's GA-110 Watch check it now at Amazon||Casio Men's GA-1000-1B G-Shock Analog Digital Quartz Black Watch check it now at Amazon||Casio Men's GA-100 G-Shock Neon Highlights Trending Series Watch4.4★ / check it now at Amazon||Hamilton Men's 'Khaki Field' Mechanical Hand Wind Stainless Steel and Leather Dress Watch, Color:Black (Model: H70505753)$1150.3||Casio Men's GA-110GD-9AJF G-Shock Crazy Gold Series Wrist Watch [Japan Import]3.0★ / check it now at Amazon||Casio Men's GA-201BA-1ACR G Shock Analog-Digital Display Quartz Black Watch check it now at Amazon||Wenger Men's Classic Field Swiss Military Watch 72915 check it now at Amazon||Wenger Women's Classic Field Watch 72939 check it now at Amazon||Casio Men's GA-300BA-1ACR G Shock Analog-Digital Display Quartz Black Watch check it now at Amazon||Wenger Men's Classic Field Swiss Military Watch 72901 check it now at Amazon||Create Toys 3310 Waterproof Mini Radio Control Shark "Item May Differ from Artist's Rendition"5.0★ / check it now at Amazon||Field Controls 46086400 GSK3 Gas Spillage Switch check it now at Amazon||Hue Women's Rose Field Tight with Control Top check it now at Amazon||THE STORY OF RUSSIA AND CHERNOBYL IN UKRAINE: Putin's Secret Way to Bring Down the West$4.99||Time Magazine (May 29, 2017) Trump's Loyalty Test White House Russia Cover$12||Ukraine's Revolt, Russia's Revenge$25.99||Ukraine's Tear: A History of Ukraine, Russia, Soviet Union$2.99|
Russia may soon control Ukraine's gas fields have 1329 words, post on www.washingtontimes.com at July 8, 2019. This is cached page on USA Posts. If you want remove this page, please contact us.