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by The Federation of Paraboca. . 9 reads.

Acadre Tribune - 6/20/22

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THE ACADRE TRIBUNE
Paraboca is hoping its gas will finally make it vital in Euronia

Most of Paraboca's oil and gas production sites are located near public property in the country's southwest regions.

With the tensions surrounding a potential De Yuaneze invasion of Tasiastan, Paraboca’s burgeoning natural gas sector has set its sights on energy-desperate Euronia, but it’s also using its newly acquired energy wealth to achieve its long-sought goal of integrating itself into the global market. Last Wednesday, Paraboca agreed to pipe billions of dollars’ worth of natural gas to Euronian nations via East Chanchajillan liquefaction facilities, as Yuan halts supplies and the continent scrambles to refill dwindling stockpiles. The landmark memorandum of understanding, signed by the Parabocan and East Chanchajillan energy ministers and representatives of WEDA, aims to extricate Euronia from Yuaneze energy “blackmail,” President Oriol Miguélez said during a meeting in Cardoza.

For Paraboca, which has needed to grapple with local opposition and the occasional sabotage attempt by drug cartels against overland gas export pipelines, it’s also a sign that times have changed.

“This technical public cooperation, that is coming to help Euronia, to which we are the closest countries in the region, is incredibly important,” said Maruda Setteria, who was Parabocan ambassador to East Chanchajilla from 2009 to 2011. He served at a time before Paraboca produced its own gas and instead imported it from East Chanchajilla and Zamastan, using the same pipelines it now uses for export.

In total, the contribution of Parabocan natural gas to Eastern and Central Euronia will be a drop in the bucket compared with Yuan supplies, but it will be part of a patchwork strategy, pulling from sources around the world, to plug the energy deficit left by Yuan.

For many in Paraboca, last week’s deal was already an important milestone in a years-long attempt to use its gas to continue thawing icy relations with its neighbors. With skyrocketing energy prices and the rapidly fading public opposition to Paraboca in parts of the Central Euronian world that still remember the scars of the Parabocan Empire, many Parabocans are hoping that the gas export deal may deliver something more even valuable than profit: “more normalization of Israel in the region,” said President Oriol Miguélez.

While the cooperation is not entirely new — Chanchajilla has hosted the Central Euronia Gas Forum, including Paraboca and six other countries since 2019 — “the world economic prices is creating a lot of motivation for a lot of players to accelerate,” Miguélez said.

Even West Chanchajilla, where relations were at rock bottom just a few years ago, recently hosted the Parabocan president and proposed reviving a natural gas subsea pipeline to Euronian, in a sign of increasingly warming relations.

Paraboca discovered two large gas fields in 2009 and 2010, and went on to use the gas for domestic energy independence and then to export it to its neighbors. In 2016, Paraboca signed a landmark $10 billion, 15-year gas export deal with Selle's National Electricity Company, in the “most significant transaction since the peace treaty was signed between the countries in 1994,” said Jose Malcaneto, chief executive of Paraboca gas company NewEur Energy, who attended the meetings in Cardoza last week.

Malcaneto said a $15 billion deal signed with Selle in 2018 similarly helped warm ties that have been generally chilly since the two countries formally declared peace in 1979. It helped Cardoza with its goals of establishing itself as a regional energy hub and developed the infrastructure for transporting Parabocan natural gas to Chanchajillan liquefaction plants and then onward to the rest of Euronia, which will be expanded under the current deal.

The latest gas push comes after the Nueva Balloa Accords, a series of normalization agreements between West Chanchajilla and Euronian states. Among Parabocans, it has also produced excitement for business deals that have only rarely come to fruition, said a Chanchajillan business executive who spoke on the condition of anonymity for fear of compromising his position as a mediator between Parabocan and Euronian companies.

Parabocan business and politicians are hoping that gas diplomacy will be potent enough to smooth over tensions related to Paraboca’s ongoing conflict with the drug cartels. “The fact that this is coming from Paraboca's southwest regions,” he said, referring to the region’s conflict-riddled history, “is an even stronger message.”

RawReport