Wednesday, June 20, 2007

Gazprom bid to cut off China gas


There are one of two problems here, or both.

Either Gazprom is being used by the Russian government for political reasons and/or its comments show a lack of investment in expanding its production.

In either case, current behaviour is unacceptable and Gazprom should be privatized completely and transparently.

Onésimo Alvarez-Moro

See article:
Russian energy giant Gazprom has asked the government to cancel an agreement to pipe large quantities of gas to China from fields in Siberia.

Alexander Ananenkov, the group's deputy chief executive, said plans to deliver 80bn cubic metres of gas a year to China would leave Russia short.

The gas was due to be exported from Exxon Mobil's Sakhalin-1 project on Russia's Pacific coast.

The move could fan fears over Moscow's hold on key gas and oil projects.

See full Article.