REFERENCE: Point 14 - End of Clauses

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The following references are associated with The CURD Plan: » The Plan » Point 14: The Pipeline Concessions » Point 14: End Of Clauses

NARRATIVE

https://en.wikipedia.org/wiki/Russia%E2%80%93Ukraine_gas_disputes#2010_natural_gas_agreement

Russia agreed to a 30 percent drop in the price of natural gas sold to Ukraine. Russia agreed to this in exchange for permission to extend Russia's lease of a major naval base in the Ukrainian Black Sea port of Sevastopol for an additional 25 years with an additional five-year renewal option (to 2042–47).

 

https://en.wikipedia.org/wiki/Natural_gas_in_Ukraine#Domestic_production

Domestic production peaked in 1975 at 68.1 billion cubic meters (bcm). Since then production gradually declined, stabilising in recent years at around 20 bcm.

 

https://www.naturalgasintel.com/does-ukraine-produce-oil-and-gas/

Ukraine produced 19 billion cubic meters of natural gas in 2020, according to the BP Statistical Review of World Energy. The country does not produce significant amounts of oil.

 

https://www.reuters.com/business/energy/russia-suspends-oil-exports-via-southern-leg-druzhba-pipeline-due-transit-2022-08-09/

Russia normally supplies about 250,000 barrels per day (bpd) via the southern leg of the Druzhba pipeline. If the supplies remain suspended Russian oil exporters will have to divert volumes to sea ports, traders said.

 

https://www.washingtonpost.com/world/2023/05/24/ukraine-gas-russia-pipeline-oil/

Sagers said Druzhba carried about 80 percent of oil for Hungary’s largest oil company, MOL, last year and is supposed to carry between 50 and 55 percent this year. In addition to Hungary, the Czech Republic and Slovakia depend on oil shipped through Druzhba. Plus, Ukraine earned close to $180 million on transit fees from Druzhba last year, Sagers said. “Money is money.”

 

https://en.wikipedia.org/wiki/Druzhba_pipeline#Zelensky_comment_on_sabotaging_pipeline

In 2023, apparent classified U.S. intelligence documents released in the 2022–2023 Pentagon document leaks included a note of a conversation between the President of Ukraine and Deputy Prime Minister Yulia Svyrydenko in which Volodymyr Zelensky suggested blowing up the Druzhba pipeline to hit Hungarian industry, as Orban's government was too friendly towards the Kremlin during the Russo-Ukrainian War. A Hungarian government official stated that this proposed sabotage by Zelensky prompted Hungary to block funding of the European Peace Facility.

 

https://www.euronews.com/my-europe/2023/05/17/hungary-blocks-next-tranche-of-eu-tool-to-provide-military-support-to-ukraine

Hungary confirmed on Wednesday that it is blocking the disbursement of €500 million to reimburse member states that provide Ukraine with weapons because the war-torn country put a Hungarian bank on its list of "international sponsors of war".

 

https://en.wikipedia.org/wiki/Russia%E2%80%93Ukraine_gas_disputes#2010_natural_gas_agreement

On 21 April 2010, Russian President Dmitry Medvedev and Ukrainian President Viktor Yanukovych signed an agreement in which Russia agreed to a 30 percent drop in the price of natural gas sold to Ukraine. Russia agreed to this in exchange for permission to extend Russia's lease of a major naval base in the Ukrainian Black Sea port of Sevastopol for an additional 25 years with an additional five-year renewal option (to 2042–47).

 

https://en.wikipedia.org/wiki/Economy_of_Ukraine

The economy of Ukraine is an emerging, lower-middle income, mixed economy located in Eastern Europe ... In the early 2010s, Ukraine was noted as possessing many of the components of a major European economy, such as rich farmlands, a well-developed industrial base, highly trained labour, and a good education system. It also has important mineral resources ... The early 2014 annexation of Crimea by Russia, and the war in Donbas that started in the spring of 2014 severely damaged Ukraine's economy and severely damaged two of Ukraine's most industrial regions. In 2013, Ukraine saw zero GDP growth. Ukraine's economy shrank by 6.8% in 2014, and this continued with a 12% decline in GDP in 2015 ... Due to the 2022 Russian invasion of Ukraine, the country's economy could shrink up to 35%, according to the International Monetary Fund.

 

https://oilprice.com/Energy/Crude-Oil/Who-Will-Save-Ukraines-Dying-Refineries.html

Ever since war broke out in Eastern Ukraine, the energy industry has been guessing what will happen to Ukraine’s gas transit and its transmission system. In the background, however, Ukraine’s oil sector has remained in tantalizing agony, as only one out of the country’s six refineries is currently functioning (at a 10% utilization rate), most of the products supply taken over by neighboring countries and all this with no end in sight. Almost every refinery was built with some sort of Russian involvement – as an owner, co-investor or crude supplier – yet after 2014, against the background of unprecedented antagonism between Ukraine and Russia, Russian companies have left the country for good. Now the question is: who will step into the vacant spot? So far it seems that no one is willing to.

 

PICTORIAL