economy
MOL and JANAF Agree on Long-Term Pipeline Capacity Testing
MOL Group and JANAF have agreed to begin long-term testing of capacity on the JANAF pipeline, with the participation of an international, independent monitoring team.
TL;DR
- MOL Group and JANAF will conduct long-term capacity testing on the JANAF pipeline with international monitoring.
- The tests aim to provide factual data on the pipeline's performance, resolving past disagreements on capacity figures.
- MOL is awaiting JANAF's decision on allowing transit of Russian crude oil, a matter complicated by EU sanctions.
- JANAF has requested permits from the EU and US for shipments, which MOL deems unrealistic and an unnecessary bureaucratic hurdle.
- MOL argues that JANAF must allow passage of non-sanctioned Russian crude oil if the Druzhba pipeline is inoperable, citing international law and regional supply security.
- MOL also alleges that JANAF charges significantly higher prices than the European average, potentially indicating monopolistic practices.
- MOL emphasizes the need for two competitive routes for regional supply security and supports Ukraine's efforts to connect the Druzhba pipeline to the Black Sea.