Archive for October 7th, 2011


Ukrainian Gas Transport System – Trilateral JV

October 7, 2011

A quick post today as I have one more day dealing with the Odessa buildings inspectorate before the first of many signatures and stamps are collected for the documentation I need.

It seems that Russia has changed its position over a strictly bilateral agreement with Ukraine if it was to invest in and upgrade the Ukrainian GTS and agreed with Ukraine that any JV should be a 3-way affair with an EU partner as well.

Common sense one would say, given that Ukraine is the link in the chain between Russian production and EU consumption.

One assumes that this will put the South Stream pipeline on hold for now although it is far too late to halt the Nord Stream project that will go directly from Russia to Germany.

Why the change of heart from Russia?

Who is the EU partner?

Now I’m off to do battle with bureaucracy.

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