Vladimir Putin’s re-election as Russia’s president, and his absence from recent summits of the G8 and NATO, indicate a hardening of Russian attitudes towards the West, write Jana Kobzová of the European Council on Foreign Relations and Tomáš Valášek of the Centre for European Reform (CER).
Gaz-System, the gas transit system operator in Poland, reportedly could make a bid for its counterpart in the Czech Republic, Net4Gas, which together already plan to build a new pipeline between the countries in a bid to further weaken Russian control over the key energy source.
Gazprombank brought the 46 percent stake in Eriell in December 2011, but the information emerged only on Tuesday with the publication of the bank’s annual report. Founded in 1999, Eriell provides oil and gas exploration and drilling support services, predominantly to clients operating in the former Soviet Union.
Out-going Russian President Dmitry Medvedev, Brazilian President Dilma Rousseff, and former US president Bill Clinton are due in Prague at the end of May to attend the Energy Gas Storage Summit 2012, to be held under the auspices of Czech President Václav Klaus at Prague Castle. Top representatives of European energy giants E.ON, GDF and Gazprom, and the EU Energy Commissioner Günther Öttinger are also expected.
Gazprom’s statement that it wants to bypass Ukraine for all its natural gas exports to the West put a question mark over the value of Czech gas pipeline company Net4Gas, one of whose main pieces of infrastructure is the Soviet-era pipeline bringing gas through Slvoakia and Ukraine. German power giant RWE is mulling whether to offload Net4Gas as part of debt reduction moves, but Gazprom intention’s are clearly a key factor in the final price.
Czechs should have no immediate fears over gas deliveries in freezing conditions in spite of raised concerns over shipments from its biggest supplier, Russia's Gazprom, says the country's biggest gas company, RWE Transgas. Worries were sparked Thursday by a Slovak announcement of a 30 percent drop in the volume of Russian deliveries through its main east-west pipeline.
KKCG, the gas and oil company of Czech billionaire Karel Komárek, is reported to be on the verge of taking a stake of just over 16 percent in Vemex, the Czech gas importer and reseller indirectly owned by Russian gas giant Gazprom. The deal is seen helping his Russian oil and gas expansion plans.
A north-south pipeline to connect a liquid natural gas (LNG) sea terminal in Poland with the Czech Republic and Slovakia has been labeled a priority energy project agreed by the EU’s energy ministers. The Czech Energy Regulatory Office, however, says the project may not be viable and even says it’s possible the projected LNG terminal in Poland will not be completed.
Gas transmission system operators (TSOs) in Austria, Bavaria, Slovenia and the Czech Republic are mapping customer interest in a potential pipeline which would deliver compressed gas from sea ports in Italy to the CEE region over the Alps. The project is in the initial phase while several other pipeline routes to interconnect the Czech gas network with the Austrian network are still being considered.
CEO and co-owner of acquisitive energy group Energetický a průmyslový holding (EPH), Daniel Křetínský, claims his company’s prospective purchase of a 49 percent stake in Slovak gas major Slovenský plynárenský priemysel (SPP) would be a long-term strategic investment. “We’re not preparing this acquisition for anyone else including [any] Russian gas companies,” Křetínský told Czech Position.