Εμφάνιση αναρτήσεων με ετικέτα prices. Εμφάνιση όλων των αναρτήσεων
Εμφάνιση αναρτήσεων με ετικέτα prices. Εμφάνιση όλων των αναρτήσεων

Τρίτη, 23 Σεπτεμβρίου 2014

Merkel urges quickest solution to Russia-Ukraine gas dispute

The gas price dispute between Russia and Ukraine should be resolved as quickly as possible, German Chancellor Angela Merkel said on Tuesday.
Merkel said the gas dispute required urgent resolution now that winter is coming. The German chancellor said that the situation in east Ukraine continued to destabilize. "This is not a trifle, this is a deep conflict," Merkel noted.

Ukraine’s Energy and Coal Minister Yuriy Prodan said on Tuesday that gas talks between Russia and Ukraine with the EU’s mediation would be held in Berlin on Friday. "We’ll seek a compromise with the Russian Federation," the minister said.

Before October 1, Ukrainian regional authorities should submit the lists of important consumers, except for households, and also the schedule of their possible disconnection from gas supplies, the energy minister said. “If temperatures change sharply, we’ll be forced to switch them off natural gas,” Prodan said.

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Russia halted gas supplies to Ukraine in June over its unpaid debt.
Russia said that new natural gas supplies to Ukraine are contingent on Kiev’s debt repayment. Russia raised the gas price for Ukraine from $268.5 to $485.5 per 1,000 cubic meters from April 2014, cancelling two price discounts. Ukraine said it will not pay such high price for Russian natural gas supplies.
http://en.itar-tass.com/economy/750880
23/9/14
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Τετάρτη, 10 Σεπτεμβρίου 2014

Poland suspends reverse-flow pumping of gas to Ukraine

Poland has suspended reverse-flow deliveries of natural gas to Ukraine, the head of the Ukrainian operator company, Ukrtransgaz, said Wednesday.
By tradition that has taken shape in Kiev’s ruling elite over the past several months, he apportioned all blame for the situation to Russia.

Russia has begun to restrict the pumping of gas to Poland so as to frustrate the reverse-flow supplies to us,” said Ukrtransgaz President, Igor Prokopiv. “Poland stopped the reverse-flow supplies at 14:00 hours (11:00 hours GMT) in the amount of 4 mln cubic meters.”

Reverse-flow pumping of gas to Ukraine began in April 2014. Ukraine has the technological capability for receiving up to 4 mln cubic meters of the fuel a day.

Polish oil and gas corporation PGNiG (Polskie Gornictwo Naftowe i Gazownictwo) said earlier deliveries of gas from Russia had fallen 20% to 24% in the past two days at transfer stations. More specifically it claimed that the shrinkage totaled 20% on September 8 and 25% on September 9.

Jeremy Rzarzycki, the head of PGNiG’s Moscow office said it had sent a query to Gazprom Export, the exporting arm of the Russian gas giant Gazprom but there was no answer from it by the time of reporting.

Gazprom officials familiar with the situation were not available for comment when ITAR-TASS tried to contact them.
Ukraine consumes about 50 bln cubic meters of gas annually. In 2013, a total of 26 bln cubic meters came from Russia and another 2.1 bln cubic meters was purchased in Austria, Germany, Poland, and Hungary.
Own production of natural gas stands at 21 bln cubic meters.
Kiev government hopes to get about 16 bcm from European countries in 2014, with the biggest amount /8.0 to 10.0 bcm/ due to come Slovakia and another 5 bcm, from Hungary.
http://en.itar-tass.com/economy/748917
10/9/14
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Τετάρτη, 3 Σεπτεμβρίου 2014

Medvedev Names Moscow’s Terms for Resumption of Gas Cooperation With Ukraine

MOSCOW, September 3 (RIA Novosti) – Moscow will resume gas cooperation with Ukraine only when Kiev repays its “astronomical” debt to Russia in full and agrees to the average annual price of $385 per 1,000 cubic meters of gas, Russian Prime Minister Dmitry Medvedev said Wednesday.
“We are ready to discuss ways to resume our gas cooperation with Ukraine, a country that owes us. However, two preconditions must be fulfilled. Firstly, the existing debt, which has already risen to astronomical figures, must be repaid in full. And, secondly, even if the price is subject to seasonal revisions, the average annual price with a $100 discount… must be $385 per 1,000 cubic meters,” Medvedev told reporters, commenting on a recent statement by his Ukrainian counterpart Arseniy Yatsenyuk.

The Russian prime minister added that if Ukraine rejects the proposed $100 discount, the resulting price of $485 per 1,000 cubic meters of gas will suit the Russian side perfectly.

Earlier in the day, Ukrainian Prime Minister Arseniy Yatsenyuk said that Kiev offered Moscow two variants on gas pricing that would be set at $300 per 1,000 cubic meters during the low season and $380 during the winter season, or tie the gas prices to the spot market in Europe..................http://en.ria.ru/business/20140903/192605847/Medvedev-Names-Moscows-Terms-for-Resumption-of-Gas-Cooperation.html
3/9/14
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Παρασκευή, 29 Αυγούστου 2014

Kiev Again Rejects Russia’s Gas Discount Compromise Offer (Ukraine Energy Minister)

KIEV, August 29 (RIA Novosti) – Ukraine still refuses to negotiate Russia’s proposed discount of $100 per 1,000 billion cubic meters of gas, Ukrainian Energy Minister Yuriy Prodan said Friday.

“We were again suggested the price of $385 [per 1,000 billion cubic meters] with a $100 discount because of export duty cancellation. The Russian side thinks that the price of $485 is fair. We think that this price is discriminatory,” he said.

Prodan also dismissed as “baseless” Russia’s concerns that Ukraine will tap Europe-bound transit gas from its pipeline network amid expected gas shortages in winter.


Russian Energy Minister Alexander Novak voiced the concerns after Friday’s meeting with European Commission Vice President Gunther Oettinger.

“These assumptions are baseless and are aimed only at discrediting the Ukrainian route and the promotion of alternative pipelines to EU – the Nord Stream, the South Stream, Opal,” Prodan said.

According to Novak, Ukraine would need to pump around 10 billion cubic meters of gas into its underground storage facilities in order to make it through winter.

On June 16, Russian gas giant Gazprom was forced to implement a prepayment scheme for gas deliveries to Ukraine after several unsuccessful rounds of talks on the new price and debt repayment.

The Russian compromise was a $100 discount to the contract price, bringing it down to $385, as well as a phased debt repayment scheme. Ukraine declined the offer, dissatisfied with the discount mechanism. Ukraine’s gas debt is estimated to be more than $5.3 billion.

Ukraine is a transit country for Russian gas. Around half of the Russian gas imported in 2013 crossed Ukraine, which amounts to approximately 15 percent of European consumption, according to the International Energy Agency. Kiev illegally tapped Europe-bound gas during previous gas rows with Russia........http://en.ria.ru/business/20140829/192466019/Kiev-Again-Rejects-Russias-Gas-Discount-Compromise-Offer-.html

29/8/14
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Outcome of gas talks between Vice-President Oettinger and Russian Energy Minister Novak

European Commission, Statement, Moscow, 29 August 2014:

At today’s meeting in Moscow with Russian Energy Minister Alexander Novak, Vice-President of the EU Commission Günther H. Oettinger reiterated his proposal to have an interim solution including an interim price.
Both agreed that a solution should contain the following four elements:
  • the interim price
  • the fulfilment of all supply and transit obligations
  • a repayment plan for the unpaid bills to be developed by the next few weeks
  • the use of OPAL pipeline

At the press conference following the bilateral meeting, Vice-President Oettinger said:
“We have to agree on an interim gas price for the next few months, while waiting for the Stockholm arbitration court to decide on the final price.  In addition: Ukraine has to pay an account for the gas to be delivered in the months to come." 

“Our main goal is to secure gas supply to the EU and its citizens, but also to the citizens in Russia, Ukraine, the Western Balkans, including accession countries and Moldova.”
Speaking about the worsening situation at the Eastern border of the Ukraine, Vice-President Oettinger expressed his concern:

"I came to Moscow to prepare the next trilateral gas talks as agreed in Minsk. At the same time, I have to express my concern. The news that Russian soldiers are operating inside Ukraine does not reflect the spirit of Minsk. Respecting the sovereignty of national borders is vital to preserve peace." 
http://europa.eu/rapid/press-release_STATEMENT-14-262_en.htm?locale=en
29/8/14
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  • Russia says open to gas talks with Ukraine, offers discount...

MOSCOW - Russia is open to talks on resuming gas supplies to Ukraine and willing to offer a price cut of nearly 20 percent, Energy Minister Alexander Novak said on Friday, but the discounted price is still above the level Kiev demands.
Russian President Vladimir Putin agreed late last year to cut the gas price for Ukraine to $268.50 per 1,000 cubic meters after then-Ukrainian President Viktor Yanukovich said he would drop a planned trade agreement with the European Union in favor of joining a Russian-led Customs Union.
But Yanukovich was toppled by mass protests in February, and Moscow hiked the price to $485, which was rejected by Kiev. Russia cut off the gas flow in mid-June after the two sides failed to agree on pricing and debts owed for previous gas supplies.
Novak said after meeting European Energy Commissioner Guenther Oettinger in Moscow that Russia was ready to apply a retroactive discount of $100 per 1,000 cubic meters for April-June. Ukraine has insisted on returning to the old price of $268.50, while signaling it might agree to pay just above $300.
Relations between the two former Soviet republics are in crisis. Kiev accuses Moscow of sending soldiers into Ukraine to back pro-Russian separatist rebels, something Russia denies.
But Novak said Moscow was prepared for new gas talks. "We will agree the date for a trilateral meeting at the beginning of next week," he said.
Despite the cut-off to Ukraine, Russian gas has been flowing normally across Ukraine to Europe, which receives about half its imports of Russian gas via this route.
Novak said Kiev might start siphoning off some of this gas in the coming winter if it fails to add to its storage facilities before then. He said Ukraine had stockpiled up to 16 billion cubic meters but needed to pump as much as 10 billion more into storage.
There was no immediate comment from Kiev.
Oettinger told the same briefing that gas must not be used as a weapon in the Ukraine-Russia crisis.
He said the two sides and the European Commission needed to work out an interim solution, given that international arbitration would not be able to resolve the pricing and debt dispute before the middle of next year.
Russian gas exporter Gazprom has said Ukraine owes it more than $5 billion in unpaid bills.
"We always said that through the crisis we don't see the gas sector as a tool for sanctions, measures and escalations. That is also true today," Oettinger said.
In 2013 Russian gas accounted for half of the total gas consumed in Ukraine. REUTERS
 http://www.todayonline.com/world/russia-says-open-gas-talks-ukraine-offers-discount?singlepage=true
29/8/14
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  • La Russie évoque de "forts risques" pour les livraisons de gaz vers l'Europe...
Selon le ministre russe de l'Energie, "le gaz livré par Gazprom pour l'Europe" pourrait être "illégalement prélevé par l'Ukraine pour ses propres besoin".

L'hiver approche et... le ministre russe de l'Energie Alexandre Novak a mis en garde vendredi 29 août contre les risques qui pèsent sur la livraison de gaz russe vers l'Europe lors d'une conférence de presse avec le commissaire européen à l'Energie Günther Oettinger.
"La situation est hautement critique à l'approche de la saison de chauffage", a déclaré le ministre russe, ajoutant qu'"il y a un risque que le gaz livré par Gazprom pour l'Europe soit illégalement prélevé par l'Ukraine pour ses propres besoins".
 
 
La Russie a coupé mi-juin ses livraisons de gaz à l'Ukraine, qui refuse la hausse des prix imposée par Gazprom après l'arrivée au pouvoir des pro-occidentaux à Kiev et accumulé selon Alexandre Novak 5,3 milliards de dollars de gaz.
Cette décision fait craindre des perturbations des livraisons de gaz russe vers l'Union européenne, dont près de la moitié transite sur le territoire ukrainien, comme lors des précédentes "guerres du gaz" en 2006 et 2009............................http://tempsreel.nouvelobs.com/ukraine-la-revolte/20140829.OBS7607/la-russie-evoque-de-forts-risques-pour-les-livraisons-de-gaz-vers-l-europe.html?xtor=RSS-17
29/8/14

Πέμπτη, 28 Αυγούστου 2014

Oettinger says Ukraine may steal Russian transit gas in winter

BERLIN, August 28. /ITAR-TASS/. EU Energy Commissioner Gunther Oettinger insists on solving the gas dispute between Russia and Ukraine as soon as possible, as during the winter season Ukraine can steal gas that will be pumped to Europe, Oettinger told German TV Channel ARD in an interview Thursday.
“During a long and cold winter Ukraine will lack gas, and if the country does not have enough own gas - the danger of gas being stolen arises, the danger of the gas being lost on its way from the East to the West arises,” he said.

“It is essential we prevent further escalation of the Ukrainian conflict.”
In a separate interview he said the EU is getting for a possible worsening of the gas raw, and working on scenarios for all cases. He said he does not expect Russia or Ukraine to switch the gas off, but the possibility of this happening is not zero.

  • He also added that Russia can rightfully expect Kiev to pay its bills, but on the other hand Ukraine and other countries have a right for fair gas prices formed by the market and not by political quarters.
On Tuesday, following a Customs union-Ukraine-EU summit, Oettinger said the EU has put forward an interim agreement which Russia and Ukraine could sign without waiting for a Stockholm arbitration court decision. The E.U. expects Russia-Ukraine-EU gas talks to restart in September, and lay the basis for more active political efforts to solve the conflict, he said.
In June, Russian gas giant Gazprom switched Ukraine off gas over unpaid debt and filed a $4.5 billion suit to the Stockholm arbitration court. Later, Kiev reciprocated by sending a suit to the court against Gazprom for making Ukraine overpay $6 billion for gas since 2010, setting too high prices in its contract.
As of August 22, Ukraine’s underground gas storage facilities had 15.492 billion cubic meters of gas stored in it and were 48.49% loaded. In May, Gazprom said Ukraine must have 18.5 billion cubic meters of gas in the storages to ensure a flawless transit to the EU in the next winter season.
http://en.itar-tass.com/economy/747034
28/8/14
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Τετάρτη, 27 Αυγούστου 2014

EU offered Ukraine and the RF to reach the agreement on gas, without the Stockholm court

The European Union (EU) has suggested "reaching an intermediate agreement on gas" between Ukraine and Russia, without waiting for rulings of the Stockholm arbitration court, Guenther Oettinger, EU Commissioner on Energy, said at the close of talks with the Ukrainian president.

The Contact Group on Ukraine must resume its work as soon as possible, Russia's President Vladimir Putin stated at the close of his meeting with Ukrsinian President Pyotr Poroshenko.

"In this connection, agreement has been reached that the Contact Group must resume its work as quickly as possible," Putin said. He assured that Russia would do everything for that. "The process must be started as quickly as possible," Russia's Head of State emphasized.
On the whole, when speaking of his meeting with Poroshenko, Putin said the discussion dealt with the entire spectrum of Russia-Ukraine relations, including economic interaction, the situation in the country's south-east, the need to put an earliest end to the bloodshed, and the need tor a political settlement of the entire set of problems.

Putin: Ukraine, by its lawsuit filed with the Stockholm arbitration court , has deprived Russia of the possibility of granting privileges on gas price

Russian President said gas-related issues between Russia and Ukraine "are in a deadlock". "The secret is small Gazprom upped and made an advance payment for the transit of Russia's gas to Europe while Ukraine's petroleum joint-stock company upped and returned the advance payment. So, the transit of our gas to European users proved suspended in the air. What will be next in this respect?" Russia's Head of State queried. The President's opinion is that the return of the funds for transit "is the matter that awaits a meticulous researcher as represented by our partners European and Ukrainian".
"We fully abide by all the terms of the contract," Putin emphasized. "We even may not accept certain privilege-granting proposals because Ukraine applied to the Court of Arbitration. Any our privilege-granting actions may be made use of in court," Putin pointed out.
He said Russia and Ukraine had got a lot of specific matters which must be resolved. Both Russia, U kraine, and the European Union are interested in a solution to them. "This is what prompted us to hold a five-sided meeting," the Russian Head of State said in conclusion.
en.itar-tass.com
27/8/14
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Τρίτη, 26 Αυγούστου 2014

Russia, Ukraine, EU agree to go ahead with trilateral consultations on gas

MINSK, August 26. /ITAR-TASS/. Russia’s Energy Minister Alexander Novak and EU Energy Commissioner Gunther Oettinger will hold a bilateral meeting on Tuesday night to discuss issues of Russian natural gas supplies to Ukraine and Europe.
“We will discuss the current situation concerning with gas deliveries and transit,” Novak, who is currently visiting the Belarusian capital of Minsk, told journalists. “More detailed talks will be held in Moscow on August 29.
Earlier on Tuesday, Alexander Novak said Russia was ready to sell to Ukraine additional gas volumes should Kiev pay for them.

“We are always ready to sell [more gas] if we receive the money [for it],” Novak told ITAR-TASS.

  • Ukrainian Prime Minister Arseniy Yatsenyuk said Monday his country needs to additionally buy 5 billion cubic meters of Russian gas for the upcoming winter. Yatsenyuk said the volume of reverse gas supplies from Europe Kiev hoped for will only total 1 billion cubic meters.

Russian state-controlled energy giant Gazprom is implementing the South Stream project to diversify deliveries of natural gas to Europe bypassing Ukraine and reduce dependence on transit countries.

The South Stream Transport B.V. company is an international joint venture organized to carry out planning, construction and subsequent operation of the gas pipeline that will be laid through the Black Sea to Bulgaria and on to Italy and Austria.

Novak cited expert data saying Ukraine will hardly live through the winter without Russian gas.

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Gazprom on June 16 switched Ukrainian national oil and gas company Naftogaz to prepayment for gas supplies because Kiev failed to pay part of its gas debt by the deadline of 10:00 Moscow Time on June 16. Gas supplies to Ukraine were halted, but transit volumes were reportedly passing via Ukraine to Europe in line with the schedule.
Gazprom said June 16 that Naftogaz’s past due debt for supplied Russian gas totaled $4.458 billion.
Russia recently raised the gas price for Ukraine to $485.5 per 1,000 cubic meters, but Ukraine has insisted the price should be lowered to that of this year’s first quarter ($268.5 per 1,000 cu m).
The price for Kiev rose to $385.5 per 1,000 cu m in the second quarter of 2014 because Ukraine failed to fulfill its commitments under an additional agreement concluded in December 2013, which obliged the country to pay for supplied volumes of Russian gas in time.
Another raise to $485.5 per 1,000 cu m was due to the cancelation of the Kharkov Accords with Ukraine, which had been struck in 2010 and stipulated that Russia’s lease of naval facilities in Crimea [then part of Ukraine] would be extended by 25 years beyond 2017 - until 2042. The accords also envisioned a $100 discount.
http://en.itar-tass.com/economy/746781
26/8/14
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Παρασκευή, 22 Αυγούστου 2014

Climate-cooling policies threaten food supplies

By Viv Forbes
A warmer, wetter climate with more carbon dioxide in the atmosphere would undoubtedly produce more plant growth and more food.
However climate-cooling policies that claim to prevent global warming by throttling the use of carbon fuels will definitely reduce food supply and increase food prices.

The promotion of ethanol for motor fuel is anti-food. This "food for fuel" program has absorbed significant quantities of corn, soy beans, sugar and palm oils. Consequently prices for ethanol crops are higher than they would otherwise be, encouraging farmers to convert land currently devoted to grazing animals and other food crops to growing more profitable crops for ethanol.

Extreme greens also practise plant discrimination, favouring more trees at the expense of natural grasslands and open forest that support many grazing animals. These polices take many forms including planting carbon credit forests, banning regrowth clearing, anti-development zoning and blanket tree protection reserves. All such policies reduce food production from grasslands.

Climate-cooling policies also aim to decrease demand for carbon fuels, including coal, oil, gas and refined motor fuels, by increasing their costs and prices. Modern food production is totally dependent on low-priced carbon fuels for all farming activities. Diesel fuels are needed for cultivation, planting, harvesting and transport; and coal/gas powered electricity for irrigation, processing and distribution. Higher prices for carbon fuels will send some marginal farms out of business. The same policies will reduce profits and production in the fishing industry. All of these policies are anti-food.

Modern food production needs nitrogen fertiliser, which is made from atmospheric nitrogen and natural gas, with carbon dioxide as a by-product. Extreme greens all over the world are delaying and opposing the exploration and production of natural gas, and their carbon taxes are increasing the costs of this key fertiliser.
Finally, climate-cooling policies favour silly schemes like carbon capture and burial, which aims to pump carbon dioxide underground. The promoters should be told that current levels of carbon dioxide in the atmosphere are BELOW those that maximise plant growth and food production. The rise in atmospheric carbon dioxide levels was a major contributor to increased world food production over the last century. To bury this free plant food is not food-smart.

These unproven solutions to unproven problems are unlikely to change the climate. But there is a 50:50 chance that instead of warming, the globe may cool naturally, which will cause dramatic reduction in food production.

Food is not easily storable and supply and demand are always finely balanced. If natural cooling comes on top of all these man-made anti-food policies, the world will see cascading food shortages.
Viv Forbes
Australia
[pravda.ru] 
21/8/14

Κυριακή, 17 Αυγούστου 2014

Ukraine starts test gas imports from Slovakia

Ukraine has begun test imports of gas from Slovakia via an upgraded pipeline, the head of Ukrainian state-owned gas company Naftogaz said on Aug. 16, as the country tries to secure greater energy independence from Russia.

Last year, Russia supplied about half of the gas Ukraine used, but Gazprom cut supplies on June 16 in a row over pricing and in the wake of Moscow’s annexation of Crimea.

Russia has come under heavy Western sanctions over its move on Crimea and accusations it is supporting separatists in east Ukraine with troops and funds, claims it denies.


Ukraine, which is trying to source more gas from the European Union and cut consumption levels from last year’s 50 billion cubic meters (bcm), hopes to increase its own annual gas production from current levels of 20 billion cubic meters (bcm).

The Slovak pipeline – an upgraded older link leading from the Vojany power station near the Ukrainian border to the western Ukrainian town of Uzhorod – can supply up to 10 bcm of gas a year.  “Test pumping of gas has started from Slovakia to Ukraine via Vojany-Uzhorod. This pipeline could supply up to 40 percent of the country’s gas import needs,” Naftogaz chief executive Andriy Kobolev said in a post on Facebook.  The test imports from Slovakia amount to 2 million cubic metres a day, a spokesman for the state pipeline operator Ukrtransgaz said. 

AFP
http://www.hurriyetdailynews.com/ukraine-starts-test-gas-imports-from-slovakia.aspx?pageID=238&nID=70535&NewsCatID=348
17/8/14
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Πέμπτη, 7 Αυγούστου 2014

WTO Appellate Body rules against Chinese restrictions on access to rare earths and other raw materials (E.C.)

European Commission, Press release, Brussels, 7 August 2014:

The Appellate Body of the World Trade Organisation (WTO) today ruled in the EU’s favour. It confirmed the findings made by a Panel in March 2014 that China’s export restrictions on rare earth, as well as tungsten and molybdenum, are in breach of WTO rules. Backing the claims of the EU and its co-complainants, the US and Japan, the WTO found that China’s export duties and quotas were not justified for reasons of environmental protection or conservation policy.

EU Trade Commissioner Karel de Gucht qualified the ruling as “another milestone in the EU’s efforts to ensure fair access to much-needed raw materials for its industries”. “This ruling sends a clear signal that export restrictions cannot be used to protect or promote domestic industries at the expense of foreign competitors. I now look forward to China swiftly bringing its export regime in line with international rules, as it did with other raw materials under the previous WTO ruling,” Commissioner said. 

In 2012, China lost another WTO case, brought jointly by the EU, US and Mexico, on export restrictions on raw materials. It subsequently lifted those restrictions. However, it did not lift similar measures, export quotas and duties, applying to other raw materials, such as tungsten, molybdenum and rare earths. The EU and its co-complainants were therefore left with no option but to use the WTO’s dispute settlement mechanism again. 

China has argued that its export restrictions on rare earths are part of its conservation policy. But the WTO’s position today is clear: export restrictions cannot be imposed to conserve exhaustible natural resources if the domestic production or consumption of the same raw materials is not restricted at the same time for the same purpose.
Neither the complainants nor the panel contest China’s right to put in place conservation policies. However, as the WTO clarified, the sovereign right of a country over its natural resources does not allow it to control international markets or the global distribution of raw materials. A WTO Member may decide on the level or pace at which it uses its resources but once raw materials have been extracted, they are subject to WTO trade rules. The extracting country cannot impose restrictions only on foreign users. 

Background
The raw materials involved in this case are several rare earths, as well as tungsten and molybdenum. They have a wide range of uses in hi-tech and green goods, automotive and machinery manufacturing, chemicals, steel and non-ferrous metal industries.
Chinese export restrictions have been mainly export duties or export quotas, as well as additional requirements and procedures for exporters. They create serious disadvantages for foreign industries by artificially increasing China’s export prices and driving up world prices. Such restrictions also artificially lower China’s domestic prices for raw materials. As they increase domestic supplies. This gives China’s local industries a competitive advantage and puts pressure on foreign producers to move their operations and technologies to China.
The EU, together with the US and Japan, launched a WTO dispute settlement case in March 2012. Initial consultations with China did not bring an amicable solution. As a result, the WTO set up a panel in June 2012. The Panel report was issued on 26 March 2014 and was full victory for the EU and its co-complainants. China appealed the report on 25 April 2014. The reports will be adopted by the WTO Dispute Settlement Body within 30 days and China will have to comply with the ruling immediately or within a reasonable period of time that it can request for implementation..................http://europa.eu/rapid/press-release_IP-14-912_en.htm?locale=en
7/8/14
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World food prices hit six-month low, UN agency reports

UN, 7 August 2014 – Global food prices fell for a fourth consecutive month in July, a sharp decline for grains, oilseeds and dairy products outweighing strong meat and sugar prices, the United Nations agriculture agency reported.

The UN Food and Agriculture Organization’s (FAO) Food Price Index, which measures the monthly change in international prices of a basket of 55 food commodities, averaged 203.9 points in July, down 4.4 points or 2.1 per cent from June.



“The lingering decline of food prices since March reflects much better expectations over supplies in the current and forthcoming seasons,” said FAO senior economist Concepción Calpe.

The FAO Cereal Price Index averaged 185.4 points in July, down 10.7 points or 5.5 per cent from June, and as much as 36.9 points or 16.6 per cent below the level one year ago.

Lower grain prices “reflected excellent production prospects as well as expected abundant exportable supplies in the 2014/15 marketing season,” according to the FAO.

In contrast, rice prices edged marginally higher, on renewed import demand, especially given the drought and subsidy lapse in Thai production.

The FAO Vegetable Oil Price Index averaged 181.1 points in July, down 7.7 points or 4.1 per cent from June. The decline continued to be primarily driven by falling soy and palm oil prices, primarily in response to abundant supplies from the United States and South America.

Prices of dairy also fell, albeit temporarily. FAO attributed reduced import demand, including a decline in purchases of butter, by Islamic countries during the holy month of Ramadan.

The FAO Dairy Price Index averaged 226.1 points in July, down 10.3 points or 4.4 per cent over June, and down 17.5 points or 7.2 per cent from the same period last year.

Meanwhile, meat prices rose for the fifth consecutive month in July, and those for sugar remained firm.

“Livestock product markets have their own dynamics: in the case of meat, beef in particular, many exporting countries are in a herd rebuilding phase, which is limiting availability for exports and sustaining prices,” said Mr. Calpe.

A continued strong demand for meat in Asia, and particularly China, helped to edge up the FAO Meat Price Index which averaged 204.8 points in July, 3.7 points or 1.8 per cent higher than its revised value in June and 25.4 points or 14.1 per cent above the same period last year.

International sugar prices, which have been relatively volatile over the last three months as the world’s largest producer, Brazil, grabbles with a drought, and the second largest producer, India, is expected to experience below average monsoon rains.

These factors contributed to a marginal change of 1.1 points or 0.4 percent in the FAO Sugar Price Index, averaging 259.1 points in July. That figure is 20.2 points or 8.4 per cent higher than in July 2013.

[un.org]
7/8/14
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Σάββατο, 2 Αυγούστου 2014

Kiev et Moscou sont capables de trouver un compromis sur le prix du gaz (Porochenko)

 Le président ukrainien Piotr Porochenko considère que Kiev et Moscou pourront trouver un compromis sur le prix du gaz et sur les questions économiques. Prorochenko a fait cette affirmation dans un entretien aux chaînes ukrainiennes.

Il a souligné en même temps qu’en ce qui concerne les intérêts nationaux, l'intégrité territoriale et la souveraineté d'Ukraine, aucun compromis ne sera fait.

Précédemment Gazprom est passé au régime de versements par acompte concernant les règlements pour le gaz exporté en Ukraine, tout en réduisant les livraisons dans le pays.


La société ukrainienne a ensuite déposé une plainte à la cour d’arbitrage de Stockholm avec une demande de réviser le nouveau contrat. La société ukrainienne exige de réduire les prix sur le gaz et demander à Gazprom 6 milliards de dollars qu’il aurait payé en trop. Pour sa part, la société russe demande à l’Ukraine de payer 4,5 milliards de dollars de dette.

[french.ruvr.ru]
1/8/14
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