The effect of the COVID-19 on electricity demand is not the most dramatic or newsworthy of the pandemic’s consequence, but electricity demand patterns have a lot to say about a country’s activity. France’s President Emmanuel Macron’s decision to curtail non-essential movements in the country as of Monday March 16th 2020 at 12:00 was a unique opportunity…
Protocol of the meetings of representatives of the European Union, Ukraine and the Russian Federation, as well as companies from these countries (LLC Gas Transportation Operator Systems of Ukraine, NAK Naftogaz of Ukraine, PJSC Gazprom) (December 19-20th, 2019, Berlin and Minsk) Representatives of the European Union, Ukraine and the Russian Federation (hereinafter referred to as…
Michael Grossmann, October 2019 In a Nash Equilibrium the successive actions of gamers can lead to a stable equilibrium where any additional action would leave each gamer individually only worse off. In the negotiations over the future of Russian gas transit through Ukraine, the gamers are Gazprom and the Ukrainian state. The European Commission is…
This article was first published on Global Gas Perspectives on 30 January 2019. Adding up the awards, Naftogaz won a net award of $2.56bn. Unfortunately for Ukraine, this is not the end of the story for two reasons. Gazprom decided not to pay the award and contested the Tribunal’s award and on June 13, 2018,…
Initially published in Global Gas Perspectives on 1 February 2018 The Naftogaz vs. Gazprom arbitration processes are a high-stakes game by any standard, and particularly so for Ukraine. Michael Grossmann Overview of Stockholm arbitration process Traditionally, the price of Gazprom gas to Ukraine, and the tariff Ukraine charged for transit were linked de facto, so…
