Export pipelines, which Russia continues to lay, overcoming many obstacles, are often left without work. Gas route is the Blue stream, connecting our country with Turkey, stays dry for two months. The lack of demand for energy is forcing the pipeline system to sit on a starvation diet. Experts believe that Gazprom had himself to blame: not so long ago, the company completed the construction of a new export pipeline “Turkish stream” and in fact, their hands pushed out of the target market their own fuel.
a Break – allegedly temporary – in the “Blue stream” lasts from mid-may. Despite the fact that he was supposed to last until the beginning of the summer, the fuel through the pipeline is still not received, and the date of the resumption of the operation of the pipe is not unknown.
But in the beginning of 2020, “Gazprom” was considered the main supplier of gas to Turkey. Olympus he had to leave for several reasons. A year ago, earned the TRANS-Anatolian gas pipeline TANAP is one of the main competitors of Russia, is ready to provide Europe Azerbaijani “blue fuel”. In addition, regularly to the European ports of call tankers with liquefied raw materials from the Persian Gulf or the United States.
In this regard, the Russian gas on the European market expect with far less impatience than before. According to experts, for the year export “Gazprom” in the EU could be reduced by 30% and revenue to fall to 20%. Moreover, Turkey will remain one of the main reasons for the headache of the leadership of the Russian concern. Once second after Germany the largest importer of “blue fuel”, Turkey since the beginning of the year, Turkey has reduced purchases of raw materials from Russia in 7 times.
according to the analysts, part of the blame for the fact that the Blue stream is idle, rests with the Russian monopoly, which manages in some markets organize a competition with myself. “If the company expects to increase the demand on any foreign market and builds into the region of the transport route, it has one tube is a serious risk. Gazprom, in addition to the “Blue stream”, introduced in 2002 after a series of legal proceedings between Moscow and Ankara, in 2018, built a new route “Turkish stream”, with twice the power. It is not surprising that at some point the market was crowded and the export pipeline, which should bring profit to generate losses because daily require millions of dollars to operate,” notes investment strategist “Arikapital” Sergey Suverov.
the Head of IAC “Alpari” Alexander Razuvaev from his side believes that all the matter in Svenska gas prices established on the European spot market. “As soon��for prices to recover, exports via Blue stream will recover, — says the expert. — If there will be a second wave of coronavirus, with autumn deliveries will go to growth”. However, he believes that the political differences between Moscow and Ankara on Syria and Hagia Sophia do not affect the work of “Gazprom”. “A cold winter will help “to Gazprom” to make up simple and to recover the amount of supply,” said Razuvayev.
however, as the expert warns, in case of reduction or permanent fluctuations in the demand for gas in Europe, Russia will always have to choose: what volumes of gas to sacrifice and according to some of the routes when necessary to reduce exports through Ukraine, Belarus or Poland.
“it Turns out that after you create one export pipeline, “Gazprom” immediately launching a new large-scale project of a similar nature, says Suverov, Constantly invested heavily in the partly existing business. Perhaps such a circulation of money a profitable company, but externally it looks like a failure to stably supply the fuel. And the loss of reputation may be on the market much more expensive than any fines for violations of sanctions, which still need to prove.”
see also: Belarus has found an alternative to Russian oil supplies fell twice
