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Business or Politics
Presented By:
Debarati Saha
Chenna Rajesh
Gagandeep
Seemab Sulemani
Sanchi Sangal
Saket Jhanwar
Gazprom
a.Fall in Rouble .
b.
c.Slump- gas and oil prices
d.
e.Non –payment in domestic Russian market.
•
Siphoning increased.
•
Russia’s and Ukraine’s focus-new pipeline
•
• Russian President
Vladimir Putin. • He was a champion in
market –oriented
•
economic reforms .
• Closer ties with his big
neighbor Russia.
• ORANGE REVOLUTION, resulted in 3rd round of elections.
•
• The new government favored EU and NATO
•
• March 2005, Yushchenko asked to raise Gas transit fee to European
level, 0.9/Tcm/100 Km in Belgium and 4.5/Tcm/100 Km in
Greece.
•
• In reply, Gazprom accepted the proposal but raised Gas prices to
European levels, which averaged to US 230$ (in cash).
•
• May 2005, Dispute regard to storage of 7.8Bcm
TURN OFF EVENTS
November 22, 2005
• Gazprom’s demand for US$ 160 per Tcm
•
December 9, 2005
• Revaluation of lease facilities
•