The plan for Naftogaz’s restructuring is an important step on the way towards Kyiv’s compliance with the obligations it has made to the EU and the IMF.
Natural gas, after crude oil, is the most important energy carrier in the German economy. Over the past twenty years, natural gas has been the only conventional energy carrier to have increased its share in the German energy basket.
The contract is further proof that the observed energy co-operation between Russia and India has been intensifying over the last two years.
Despite causing great controversy in the EU, plans to build the Nord Stream 2 gas pipeline are steadily being implemented.
The Parliament of Lithuania has appealed to the government to take action to halt the construction of the Astravyets nuclear power plant in Belarus.
The consequences of the Chornobyl nuclear power plant disaster are still a permanent element of the economic, environmental and social situation of Ukraine.
The increasing availability of LNG translates into growing competition for the traditional suppliers of natural gas to the EU market, including Russia’s Gazprom.
It is now difficult to say that Russia is following a coherent oil strategy vis-a-vis the EU.
It is rather unlikely that any of the ‘southern’ projects announced by Russia will be implemented in the next few years.
Energy cooperation is and will remain the most important component of Russian-Chinese economic relations.