What goes on in Poland on the 10th of May.
UOKiK can stop the financing of Nord Stream 2
The Office of Competition and Consumer Protection has initiated proceedings against Gazprom and five international entities responsible for financing the Nord Stream 2 gas pipeline.
Polish Briefing: LNG from the US will work on Russia better than sanctions
What goes on in Poland on the 9th of May.
Nord Stream 2 delay on the horizon
A representative of Gazprom informs that the pouring of concrete for the foundations of the gas collection point from the Nord Stream 2 gas pipeline in Germany has begun. This does not mean, however, that the construction of the gas pipeline has started on German territory. The supporters of the project want to convince us that the matter is sealed, but it is more and more likely that it will be delayed, writes Wojciech Jakóbik, the editor-in-chief of BiznesAlert.pl.
Polish Briefing: A fund for strategic projects may be created at the Three Seas summit
What goes on in Poland on the 8th of May.
Polish Briefing: Submission of the Commission will give Gazprom funds for Nord Stream 2
What goes on in Poland on the 7th of May.
Atlantic Council on our leak: it may put brakes on Nord Stream 2
The leaking of a 271-page report compiled by the European Commission’s Directorate-General for Competition, which describes violations of European legislation by the Russian gas monopoly Gazprom, recently became a sensation. It’s not, however, because the report reveals any previously unknown facts. It’s simply that these facts confirm that Russia is using gas as a political weapon – writes Oleksandr Kharchenko, director of the Kyiv-based Energy Industry Research Center.
Fitch: Russian oil sector under limited influence of Western sanctions
Most Russian oil producers restored 2017 profitability close to 2014 levels due to a price rebound, the smoothing impact of the oil production tax regime and the weaker rouble, Fitch Ratings says. Production cuts by Russian producers related to the OPEC+ agreement were marginal, so did not have an impact on profitability and cash flow growth. The outlier was Gazprom as its 2017 EBITDA significantly declined compared to 2014, partly due to a different tax structure applied on gas and lagging gas price increases.
Polish Briefing: Records of diversification and finish of EFRA in Lotos
What goes on in Poland on the 30th of April.
Over PLN 150 million from Gaz-System to local communities
The value of property tax Gaz-System delivered to the communes exceeded PLN 150 million in 2017. Over the last five years it has reached more than PLN 600 million. The communes may allocate this sum for any purposes, that are considered essential to the local community.