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Greece May Sign Russia Gas Deal As Soon As Today
It appears that Herr Schaeuble will be left in the cold as following comments from the Greek energy minister that a deal is coming "soon," it is being reported that:
- *RUSSIA MAY SIGN GAS LINK ACCORD W/ GREECE TODAY: ROSSIYA 24
According to Gazprom's CEO comments on Greek TV, following his meeting with Greek PM Tsipras, Russia will guarantee 47BCM/YR of gas via Greece with the link to be built by a Russian-European group at a cost of around €2 billion.
First, talks with Russia on extension into Greece of Turkish Stream pipeline are positive, will continue with aim of concluding “soon,” Greek Energy Minister Panagiotis Lafazanis says in comments broadcast live on state-run Nerit TV.
- *GREECE HOPES FOR DEAL SOON WITH RUSSIA ON PIPELINE: MINISTER
Then RIA reports,
- *RUSSIA MAY SIGN GAS LINK ACCORD W/ GREECE TODAY: ROSSIYA 24
- *RIA CITES GAZPROM CEO MILLER ON GREEK GAS TRANSIT
- *RUSSIA GUARANTEES TRANSIT OF 47BCM/YR OF GAS VIA GREECE: RIA
- *GAZPROM CEO: GAS LINK TO EU MAY BE BUILT BUY RUSSIA, EU GROUP
- *GAZPROM CEO: GREEK SECTION OF GAS LINK TO EU TO COST 2B EUROS
- *GAZPROM CEO MILLER COMMENTS ON GAS LINK TO EU ON RUSSIAN TV
Of course this should not be a huge surprise as we noted previously:
Peskov reiterated that the Greeks had not requested financial assistance during talks in the Kremlin earlier this month between Prime Minister Alexis Tsipras and Russian President Vladimir Putin.
"Naturally the question of energy cooperation was raised. Naturally ... it was agreed that at the expert level there would be a working-out of all issues connected with cooperation in the energy sphere, but Russia did not promise financial help because no one asked for it," Peskov was quoted as saying.
Of course, this is merely diplomatic double talk, and all it suggests is that Russia is awaiting the official admission from Greece that it will pivot to Russia. For that to happen, Greece will have to formally state that in addition to creditor negotiations it is now openly looking to Moscow (and Beijing) for additional aid. The problem is that such a statement would promptly end any hopes of a Greek deal with its Troika creditors.
* * *
As a reminder, Russia is not acting out of the kindness of his heart, but merely engaging in another calculated move, one which kills two birds with one stone:
- Following the death of the South Stream, whereby the EU pressured Bulgaria to refuse passage of the Russian gas pipeline to Europe, Russia needed an alternative route of bypassing Ukraine (and Bulgaria) entirely, something which according to Kremlin's plan should happen over the next 3 years. And with Hungary and Serbia all eager to transit Russian gas to the Austrian central european gas hub, Greece was the missing link for a landline transit. With this agreement, Russia gets the green light to extend the Blue Stream all the way to Austria and preserve its dominance over the European energy market while leaving Ukraine in a completely barganining vacuum.
- Perhaps just as importantly, suddenly Russia will energy as the generous benefactor riding to Greece's salvation, in turn even further antagonizing the Eurozone and further cementing favorable public opinion. As a reminder, several weeks ago we showed that Russia already has a higher approval rating among the Greek population thatn the Eurozone. In this way, Russia has just won a critical ally for the very low price of just €5 billion, without even having to restructure the entire Greek balance sheet should Greece have exited the euro and been attracted to the Eurasian Economic Union. Which also means that all future attempts to impose further sanctions on Russia by Europe will fail thanks to the Greek veto vote.
Russia is not alone in seeking to divide the spoils of the collapsing Eurozone: Beijing has also sought to invest in Greece's infrastructure and bought up €100m worth of short-term government debt last week the Telegraph reports.
* * *
Most importantly, we suspect, given the total illiquidty of Greece is:
- *GREECE MAY GET LOANS USING RUSSIA GAS TRANSIT GUARANTEE: MILLER
Providing a much needed potential flow of cash into the country securitized on that future cashflow from the pipeline deal... and enabling them to avoid Europe's austerity demands.
As Bloomberg reports, the gas transit guarantees will help Greece “to get additional commercial credits for other projects."
But stoically, spokesman Sergei Kupriyanov says by phone in response to question if company will provide loans to Greece:
"Gazprom isn’t a bank."
* * *
Finally, for those confused about the flow of funds, here it is:
Russia (Gazprom) gives Greece money, which Greece uses to repay the IMF, which uses the Greek money to fund a loan to Kiev, which uses the IMF loan to pay Russia (Gazprom).
A perfect circle.
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how will they pay?
Did you read the article?
<<Finally, for those confused about the flow of funds, here it is:Russia (Gazprom) gives Greece money, which Greece uses to repay the IMF, which uses the Greek money to fund a loan to Kiev, which uses the IMF loan to pay Russia (Gazprom).>>
Bravo to all involved. Stuff the ECB, who are drooling at the prospect of starving Greece out of its assets. Stuff NATO too. I hope this begins their breakup.
"Did you read the Article"
He's probably got a college degree.
I did read the article, but the article said Gazprom wasn't bank...
If some my friends aren't "bank" executives, what are they? 'Cause they sure a fuck aren't oilmen.
http://www.gazprombank.ru/eng/
Lmfao if the Russians really give the Greeks a few billion Dollar/Euro. C´mon Vlad, just do it, throw your last money in that bottomless pit called Greece. The sooner the Russians will start to starve too, just like the Greeks.
I havent heard of many starving Russians but i know that there are literally tens of thousands of American military veterans starving under Americas bridges at this very moment.
Yeah, those cowards, didn´t wanted to die for their great, exceptional country and now they even want to have money from Uncle Sam.
For a German, you sound pretty dumb...
He's working hard to sound as dumb as possible.
A wee bit negative on the Greeks are we? Did you lend them some money?
I`m not a wee bit negative on the Greeks, i just know they are wortless third world scum and should be kicked out of Europe now and forever. Actually i couldn´t care less what the Greeks are doing when they are out.
Ubermensch-ing again ?
Old habits die hard.
hemorrhoids again?
Worse, Greeks.
and I have personally taken tons of photos of starving homeless americans on the streets of America that I will be sharing very soon.
Boy, that assumes A LOT. Not sure why Greece can't just tell the Troika, the IMF, Brussels to all pound sand. These guys insist on playing hardball on a 'loan' which was created out of thin air, at 28% interest. It's all about the $$$, not about saving Greece, or the European Union for that matter.
Isn't it obvious? Greeks prefer to be the niggers of the EU rather than joining up with Russia and China's EEU
The only radical thing about Syriza is that Tsirpussy doesn't wear a tie when he is on his knees feallating various Euro daddies
According to the Deutsche Wirtschafts Nachrichten, Obama has spoken. Headlines - Regarding Nation: Greece must remain in the Euro. It is the old protect the southern flank thing.
What's the over/under for the next Mossad false flag to kick off the much needed global conflagration? You're slacking guys.
That's stacking, not slacking.
A fake Arab Spring for Turkey. Enough to kick out most of the current corrupt government, but not enough to prevent fake ISIS from taking over major chunks of it'. It's all ZATO has left for economic warfare against Russia and Iran.
Ukraine was the plan, but was guaranteed to go south on them as soon as they hired Nazis for muscle. Kiev has gone off the fascist deep-end. Heavy-handed censorship and the kill lists are how it always starts - it will only get worse there and ZATO will have to cut and run.
Yemen got out of hand, but twenty-five million starving people are not a particularly big threat to ZATO. It will be turned into Afghanistan South and take years. The Israeli arms industry already has wood at the thought. They could make more money off Yemen than the Leviathan gas.
Meanwhile, The Evil Empire played it's Kosovo card and is destabilizing the region that the future gas pipeline should pass through on it's way north into Serbia:
Armed group from Kosovo attacked Macedonian border police station
You cant see where Putins hand is in the hole in the back of the suit....a puppeteer he is you know...and I will give you 5 billion today for a gas line tomorrow......NOT....
Wait, so maybe Obama and Reggie were just playing "puppet show" that whole time?
Russia thinks the Ukraine steals gas...wait till they see what the Greeks will do
Even if the Greeks are just as untrustworthy they would not need to steal nearly as much - it gets much colder in Ukraine.
You´ve never been in central or northern Greece in winter, have you?
That is nothing compared to the climate of Ukraine or the population demands.
Putin is giving the Greeks a means of saving theyselfs from default without having to give Christie LeGarde and Mario Draghi half of the Pelloponnesus and gives Tsipras lots of leverage with EU nations and Putin a veto on Russian sanctions through Tsipras.
The EU has tried to play hard ball with these two Orthodox nations and the EU has got a bloody nose from it.
From here on Greece is part of the Russian sphere, Greek ports for Russian ships, Greek goods for Russian shelves, Russian gas for greeks to resell at a profit by design.
Putin wins again, Obama and the EU lose again
Clearly you've never written a serious business contract. It all depends on the Terms & Conditions.
If they siphon or don't pay, it comes out of the fees paid for the naval port for the Russian Navy, on some Greek Island.
The point: you missed it.
"Russia (Gazprom) gives Greece money, which Greece uses to repay the IMF, which uses the Greek money to fund a loan to Kiev, which uses the IMF loan to pay Russia (Gazprom)"
Correction:
"Russia (Gazprom) gives Greece money, which uses the new Drachma to pay Russia (Gazprom)"
But, but Russia's broke,,, the sanctions are killing them! NOT!
Greeks will get a cut of the gas flowing through,,, this is not a loan, for those who somehow think it is.
It does however commit them to the pipeline,,, no out's unless they want to pull a frenchy giver. ( Mistral ships paid for, but not delivered as promised. )
Putin is a master chess player and plans for the long term while the west just plans for tomorrow...
The West should consider itself fortunate that there is a tomorrow.
There's a bit of a double-edged sword.
medium term at least s_s however China plans for 100's of years ahead in particular due to opium wars.
Moreover Vlad should have had Russia better placed ( independent, mixed economy ) in anticipation of the Scummy NeoCON turbulence.
That said with his defensive system set-up China will assist any incoming attacks, ie, has his back; they have each other's back.
With Germany and Oz dependent on China and the Saudis needing to sell their crude somewhere, now big brother is fracking, it's all looking good for the new axis.
FUCK USSA, UK, FRANCE & FRIENDS.
Schäuble welcomes Greek-Russian gas deal
http://www.dw.de/sch%C3%A4uble-welcomes-greek-russian-gas-deal/a-18391975
Tyler, what are you talking about? Here is a link to your definitive article in which you told us Russia had in fact agreed to give Greece 5 billion for the whole gas line deal.
http://www.zerohedge.com/news/2015-04-18/greek-white-knight-emerges-puti...
Work on those reading skills stumpy. The article you linked is chock full of words like may and could, as opposed to will and can. There is a significant difference in the meaning of those words.
Did you read the headline that the Tylers blasted out for their article. It is the bold letters at the top.
The article doen't dispute that, the 5 billion was an advance on payments that would be made to Greece, they are barrowing from the future but in a diffrent form.
Time to kill another 3rd ranked russian politician, member of Putin's opposition, at Kremlin wall and try to make a coup.
Is that a Brennan-quote?
In it funny how were still calling it " Money "
Put some gold in the bank and print gold backed Drachma.
Or not.
All this talk of moar loans is getting me down my friend . . . .
Just like you said Mario, if you live my life, i'm better off dead.
Now these loans don't work, they just make it worse but i know i'll see your face again.
I really hope this is true and it does happen in the time frame stated. Why?
I'm bored.
Really, I'm totally bored of this. I can't speak for anyone else (nor would I wish to), but I'm watching this as real-life soap opera and want something interesting to unfold (Tip: Soap operas in the UK are generally pretty poor, but the comedy? World class!). By any objective viewpoint, this whole situation is unsustainable and it needs something to tip it over. You know how when you see a house of cards (I mean a literal house of cards!) you look at it hoping it'll fall over, but after a while, you might exhale quite heavily (you know? by "accident"!) and if it comes tumbling over, then what a shame! Well, that's the point I'm at with this whole affair.
I don't care if Greece sign a deal with Russia and I don't care if the ECB withdraws funding to Greek banks. I just want something, ANYTHING, to happen.
I can't be the only one to think this, right.....?
No, you aren't alone.
The problem is that when something "happens" the happenings can get out of hand quite fast, and a lot of people very quickly end up dead. Unfortunately, they tend not to be the same people responsible for this whole mess. Even more unfortunately, remote happenings have a way of finding themselves replicated close to home. So, as frustrating as it is, best to take your preparations as you see fit and otherwise just enjoy the slow-motion train wreck. Things that can't go on forever, won't. The extra time that the normalcy illusion is propped up is a blessing for those of us that see it for what it is and act accordingly.
Words of wisdom right there.
I agree this is boring. More playing coy by Tsirpussy and Whatthefuckis. Who are clearly in over their heads
My interest will pick up on this folderol on ly when Greece defaults
Until that fantasy.....snzzzzzzzzzzzz
Sounds like the deal was seriously vetted...........
When you have low or no debt and are loaded with assets like Russia, you have the flexibility to do these things. Russia at least won't be dumping this on their grand-kids backs like the good ole USSA does.
Oh, I wouldn't worry too much about the little tykes. This bill will be paid by the current generation. And soon.
"Oh, I wouldn't worry too much about the little tykes"
LOL
Dear Greece, Bankrupt first, sign deal second.
Show me the DRACHMA
Wow...$5B...that is like what??? A month of the Greek annual deficit???
So the collapse will be June rather than May?
So, as far as I can tell, this article says that there is no current financing taking place (when it is needed).
It does say that Greece can try and mortgage its future earnings off the project for current funds to pay its debts but offers no forecast of the amount or likelihood of such things happening.
Assuming this does happen, it effectively amounts to the sale of a sovereign Greek asset to pay its creditors-- something that Greece has been furiously resisting from the start.
The lefties and the commies join forces.
Only in Greece (and America).
This is good for IMF; money goes to Ukraine, and then to Putin.
IMF says : we have saved Ukraine and Putin says : I have saved Greece.
The world says: two close shaves for knaves of all races.
Meanwhile Houthi plays tutti frutti with Saud on itsy bitsy polka dot bikini Yemeni's bloody soil.
The Kurds have told Erdogan he will have hell if they get elected to parliament and the Scottish Nationals have said the same to Cameron and Labour.
"We swing the vote in swing lo sweet chariot land!"
And the ECB band plays on : "Oh Greece I love your fleece! So I'll nevva evva abandon you!"
Under the proposed deal, Greece would receive advance funds from Russia based on expected future profits linked to the pipeline. The Greek energy minister said last week that Athens would repay Moscow after 2019, when the pipeline is expected to start operating.
I'm sure by the time 2019 rolls around Greece will be fixed. The longer this shit show drags on the funnier it gets.
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Just to clarify one thing. All these pipeline deals are subject to EU approval. This is what Miller said today after his meeting with the Greek PM. In case you are wondering, no serious progress has been made on the issue. The EU is dragging Gazprom to court over monopoly abuse BTW. The pipe line is just a Greek pipe dream. Can we drop the ZH sensationalism now?
"All these pipeline deals are subject to EU approval."
only as long as GR is in the EU
...and only as long as there is an EU
a couple of more defectors and the EU will be DE & FR & the eastern europeans (only a few of them).
Greece is seen as the entry point to the EU for both Russia and China. If Greece finds it self out side the EU, they can forget any large scale investment program for good.
You mean from the EU, right? A port of entry in the Med will make both Russia and China happy.
All that matters to the Russians is that the water around Greece is blue and deep. And that the Bosphorus Strait remains unhindered by NATO.
It's all a scam, tag team Wrasslin' where the players fake being pissed but drink beer ( $3,000 bottle of champagne ) as they ride off together back home. If that weren't the case, BRICS wouldn't still be kissing that SWIFT ass.
With collateral being DEBT, there isn't any shortage of fiat, it's all a figment up until.........
Mushroom clouds may be pretty, actually. First things first, they have to kill the other brother ASAP. It's hard to juggle several concurrent false flags.
I need a program furnished by ZH, others are censored. It's hard to keep up. Anyone heard from the nasal Snowdyke Humpback lately?
If you are intetested in drones check out this site : www.pickyourdrone.com
What about Hunter Biden's gas transit company? Looks like he needs his dad and barry soetero to find him another job. Maybe in Yemen?
surprise, surprise... su[p]rPriZe!?!
Now, where is 'Sir Erdogan's' input in awe[?] this...?
do i detect an eastern mediterranean coup, with a hint of Adriatic/ Aegean Sicilian sauce minus bitter north african dated spice?
'what does it matter [hitlary?]',... should have explained-- as she certainly will follow her dreams of american exceptionalism?
I thought Syriza Gov't was on record that they will note veto sanctions vs Russia when the renewal vote comes up this Spring
Perhaps, it is a coincidence that
Gazprom: EU to file anti-monopoly charge against Russian firm
http://www.bbc.com/news/business-32390351
And where's the anti-monopoly filing against the Petrodollar?
Up yours Scheuble.
I dont think Greece wil be hosting the Olympics anytime soon again....maybe a new Escape from New York...movie.....where is Snake when you need him
I thought Snake was dead.
Ever get the idea that while Ochoomba is out golfing and vacationing, Vlad is busy studying the details?
I'll be surprised if Russia owns much pipe past the Greek entry point...maybe not past a Turkish entry point. I just don't see the value in having such little control over YOUR pipe in some other country. Didn't the Russians' learn anything from Ukraine?
Your selling the gas directly to those countries then and they are selling it from that point onward. It seems to alleviate so many problems with the EU that way and you don't have to get in to wars when someone overthrows a government somewhere. They paid for the pipe then, if they choose not to use it then it's more their loss than yours. You hope you have more leverage again in the Ukraine by then or something. At least you have options...why get yourself in another Ukraine type mess where you have to trying to protect your own investment. It just doesn't seem needed to me.
The sooner the world can offload financing Greece's largesse on Russia, the better.
And BTW Tylers!!! I've read the same copied text there surrounding that map like four times in different posts.
FOR FREAK'S SAKE...FIX THE SPELLING ERRORS AND GRAMMAR PLEEEEAAAASE!!!!
ahem... 'where you have to {[try]ing to} protect [...]
,it isn't needed [imo]?
'people should get out of their glass (sand castles?) houses before throwing stones?'
Ps. from some[body] that no's!