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Ukraine is intending to create a gas hub with an American recidivist

In search of energy independence, Ukraine may be drawn into one more dubious scheme.

Last week, a Memorandum on the supply of American gas in the amount of at least 5.5 billion cubic meters per year was signed.

Details of the document are not yet known, as it was immediately sent for revision. Currently, it is known that it is expected to sign an agreement with the American company Louisiana Natural Gas Exports. Deliveries must be made through the Polish terminal Swinoujscie.

The news is encouraging and promises good prospects. But there are some doubts.

Scope of supply. In 2019, Ukraine imported about 14 billion cubic meters of gas. And the estimated volume of supplies is more than a third of the current. It’s good. With such volumes and the stated prospect of supply growth, Ukraine has the potential to develop cross-border infrastructure and the possibility of turning into an EU gas hub.

But. A year ago, the Polish inter connector allowed pumping no more than one billion cubic meters per year. The Poles promised to increase its capacity to 1.9, and then to 3.9 billion cubic meters. And this is not in the short term. There is also a financial issue. Is Poland ready to invest heavily in the modernization of its gas infrastructure? It seems that the United States promised to help with this issue.

Further. On the Ukrainian side, the document was signed by Acting Minister of Energy Olga Buslavets. The American side is represented by the little-known company Louisiana Natural Gas Exports. This company is registered two years ago in the state of Delaware (is an offshore state).

The company has no officially registered profit. The volume of investments is 17 million attracted and $ 2.5 million of invested funds. But as of March 2020, the company’s tax debt amounted to more than 340 thousand dollars with an annual tax liability of 200 thousand. The director of the company is William Miller. Twice tried for fraud.

In addition, the memorandum provides transfer  of the control of Louisiana Natural Gas Exports of all newly created gas transportation facilities. The obligation of Ukraine to redeem all its annual gas reserves from Louisiana Natural Gas Exports is also fixed. How much is this, the American partners have not yet reported.

These facts should at least alert. Projects of national importance should be implemented with companies of state level. Therefore, even the fact of concluding a large memorandum with a little-known company with a dubious reputation with doubtful conditions casts a shadow on the country’s leadership.

The memorandum is essentially a declaration of intent and does not oblige anyone to anything. Ukraine has extensive experience in non-compliance with signed memorandums. And it would be nice if this document adds to the statistics.

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Terry R
Terry R
June 4, 2020

Sounds like a nothing burger…with salo sauce.

A Con a Minute
A Con a Minute
Reply to  Terry R
June 4, 2020

You ever watch a Biden squeeze sawbucks out of a brick of salo? Welcome to Ukraine.
 
It’s just another money laundering scheme, like the Clinton Foundation, Rodham-Clinton Haitian gold mine scams. pork belly futures windfalls, Biden brother billion dollar Iraqi condominium cons and the like.
 
 

A Nation or a Racket?
A Nation or a Racket?
Reply to  Terry R
June 5, 2020

Sounds right up Biden’s alley. Old Six Pack Joe’s Miller time.

Trump or Biden, Good Grief
Trump or Biden, Good Grief
Reply to  A Nation or a Racket?
June 5, 2020

Louisiana Natural Gas Exports, hmm. I wonder which Biden sits on that board.

Anyone Interested in Pork Belly Futures?
Anyone Interested in Pork Belly Futures?
Reply to  Trump or Biden, Good Grief
June 5, 2020

Considering the background of its CEO Miller, probably all of them.   BATON ROUGE, La. (AP) _ A former Natural Resources Department secretary was sentenced Friday to 10 years in prison and fined $250,000 for scheming to hide his interest in an oil company while he served as a state official.   Williams C. Huls and Marsden W. ″Bill″ Miller Jr. were convicted April 13 of hiding Huls’ interest in an oil exploration company while he served as secretary of the department and as a member of the state Mineral Board, which regulates oil and gas leases. Huls said before… Read more »

Fault Lines
Fault Lines
Reply to  A Nation or a Racket?
June 8, 2020

Pablo Miller? Sounds plausible.

Wesaf
Wesaf
June 5, 2020

I’ve got a selection of bridges for sale,cash on purchase we do deliver but this is extra.

Jimbo
Jimbo
Reply to  Wesaf
June 5, 2020

We’ll merge it into our new online venture ‘BridgesToGo LLC. I have the Turks all lined up to invest Qatari money. Give me a call.

Silver Lining
Silver Lining
June 5, 2020

Excellent news. Now there’ll be little doubt left in Germany over what sort of ‘deals’ await them if they cave to American blackmail over Nord Stream 2.
 

Last edited 4 months ago by Silver Lining
Gyre07
Gyre07
June 5, 2020

Good to see Ukraine still shooting itself in the dick in it’s ongoing effort to become an ‘indispensable partner’ (poodle) to the US.

Anyone Interested in Pork Belly Futures?
Anyone Interested in Pork Belly Futures?
Reply to  Gyre07
June 5, 2020

Dollars to donuts, you’ll be reading this expose in a few months.
 
American con artist Miller hooks up with Ukrainian con artist Kolomoisky in scheme to siphon off yet more US and World Bank taxpayer funds.

Half a scam is better than none
Half a scam is better than none

Invaluable advice from Kolomoisky on how to set up a dozen offshore companies to act as subcontractors, pay for services in advance and then bankrupt them.
 
Nothing for an American scammer left to do where a Ukrainian has been, so best to join forces..

Olivia Kroth
June 5, 2020

Poll: Half of Ukrainians believe that Ukraine is collapsing
 
TASS
 
https://tass.com/world/1164477

Olivia Kroth
Reply to  Olivia Kroth
June 5, 2020

KIEV, June 5. /TASS/. Almost half of Ukrainian citizens are certain that their country is on the verge of breakup, a poll presented in Kiev Friday at a press conference of the Kiev International Institute of Sociology suggests.   Thus, according to sociologists, 46.1% of the respondents said that Ukraine is disintegrating. Meanwhile, 40.8% believe that Ukraine is coming together as a country and is going down the path of unification. At the same time, residents of western Ukraine are more positive in their views, while those residing in the east and the south of the country are more downbeat.   The respondents… Read more »

LOL
LOL
Reply to  Olivia Kroth
June 5, 2020

….and the other half are busy doggy paddling to keep their heads above water in a swimming pool half full.

A Sucker Nation Born Every Minute
A Sucker Nation Born Every Minute
Reply to  LOL
June 8, 2020

America’s plans are to torpedo Nord Stream 2 so that Ukraine can subsist in perpetuity with gas transit fees and then wash its hands of yet another failed state it created.

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