Page 15 - FSUOGM Week 38 2022

FSUOGM NEWS IN BRIEF FSUOGM

gas pipeline makes it possible to double its the hikes requested by the gas company a considerable increase in spending on
capacity, up to 20 bcm per year. Azerbaijan Moldovagaz, Newsmaker.md reported. defence and security, accounting for 17.8%
exported 8.2 bcm of gas to Europe in 2021. The price paid by households will rise of GDP. Moreover, pensions, subsidies,
In general, the volume of Azerbaijani gas by 27% to MDL29.3 (€1.5) per cubic metre payments to IDPs, assistance to low-income
exports will amount to 23-24 bcm in 2022 of natural gas (some 10.6 kWh equivalent families and expenses for medicine and
(in 2021 - 22 bcm). energy). education will increase by UAH30bn.
The import price for the natural gas However, the spending on state
bought by Moldovagaz from its main authorities will decrease by UAH11.6bn,
Iran, Russia reportedly set shareholder Gazprom increased from $851 meaning the number of officials, salaries
per 1,000 cubic metres paid in June, to
and bonuses will be reduced, with the
to go ahead with gas swap $1,459 per 1,000 cubic metres in August and exception of law enforcement agencies.
$1,883 in September.
arrangement unclear whether Moldovagaz managed to a country in a war that has been suffering
In a separate development, it remains
“The State Budget 2023 is the budget of
Iran and Russia look set to implement a gas make the $33mn payment due September significant losses for more than six months
swap arrangement under which the former 20 to Gazprom, the upfront payment for the due to the full-scale military invasion of
will take 15mn cubic metres (mcm) per day natural gas imported in September. Russia on the territory of Ukraine,” Minister
of gas from the latter, according to Iranian of Finance of Ukraine Sergii Marchenko
media reports. said.
A volume of 9 mcm of Russian gas per Ukraine's State Budget “The 2023 State Budget is the budget
day would flow into northern Iran via of a country that will become stronger,
pipelines running via Azerbaijan, while severely weakened by strengthen its defence capabilities, be able to
southern parts of Iran would take 6 mcm rebuild after the damage caused by Russian
of gas from Russia per day delivered in depletion of Russian gas armed aggression, and also take care of
the form of liquefied natural gas (LNG), those citizens who need it,” he added.
according to Fars News Agency, one of flow
the outlets that reported the information
provided by Iranian oil ministry officials. Ukraine has lost a significant chunk of Tengizchevroil to divert
Gazprom would be a partner in the revenue from the depletion of Russian
liquefaction process required for the use of gas transit through the country caused by 200,000 tonnes of Kazakh
the LNG. Moscow’s invasion, Ukraine Business News
Iran would use the gas supplies from reported on September 20. oil to Batumi port
Russia to strengthen its domestic supply After Russian forces occupied the
network, which suffers from gaps, Sokhranivka entry point and damaged Chevron-led Tengiz-field operator
particularly in the northwest of the country, pipelines, in addition to Gazprom refusing Tengizchevroil (TCO) in Kazakhstan plans
officials reportedly briefed. To complete the to send enough gas, thereby breaking its to divert 200,000 tonnes of oil to Georgia's
swap, Iran would export increased amounts contractual agreement with Kyiv, Ukraine’s Batumi port in October via rail, two sources
of gas to Turkey and Iraq through pipelines state budget only earned $94mn from familiar with the company's plans briefed
to the west, they were cited as also saying. Russian gas transit in the first half of 2022. Reuters on September 20.
Iran already has gas swap agreements This is a huge drop from the $3bn Ukraine The move is part of Kazakhstan’s
with Turkmenistan and Azerbaijan. earned during the whole of 2020. ongoing search for alternative export
Iran and Russia have stepped up their Currently, Gazprom is only sending routes amid ongoing maintenance works
trade and investment cooperation across 41mn cubic metres of gas per day through at the CPC pipeline’s Black Sea terminal
several fields since Moscow was hit by heavy the Sudzha pipeline, even though it is in Novorossijsk, Russia. The CPC has shut
Western sanctions in the wake of its late paying for the amount of 109.6 mcm. down two of the three loading facilities at
February invasion of Ukraine. Prior to the However, if Moscow entirely ceases gas the terminal for maintenance, leading to a
sanctioning of Russia, Iran was the most transit through Ukraine next year, Ukraine’s sharp decrease in loading capacity.
heavily sanctioned country in the world. It state budget could take a hit of UAH11.15bn TCO diverted some oil to Batumi earlier
is now the second most sanctioned. ($312mn) as the Gas Transmission System in 2022, when the CPC terminal carried out
Operator of Ukraine (GSTOU) will be similar unplanned maintenance.
unable to pay VAT and income tax to the Continuous maintenance works and
Moldova’s market regulator state budget. shutdowns of loading facilities at the Black
From January to June 2022, it is
Sea port this year are widely seen as moves
to clear another 27% gas estimated that the loss from Ukraine’s made by Russia to prevent Kazakh oil from
reaching Europe as part of its reaction to
imports, GDP, profits of enterprises and
price hike employment amounted to UAH104bn Western sanctions over Moscow’s invasion
($2.82bn). A further UAH72bn ($1.95bn)
of Ukraine.
Moldova’s energy market regulator ANRE failed to reach the state budget due to
drafted an order, to be approved on changes to the tax and customs legislation
September 23, by which the natural gas implemented when the invasion began.
prices would rise by nearly 30% – close to Ukraine’s 2023 State Budget will see

Week 38 23•September•2022 www. NEWSBASE .com P15