Courtesy of The New York Times, interesting analysis of the impact that shrinking energy markets (and long-term, higher cost contracts) are having upon Gazprom’s profits and influence. As the article notes: “…Throughout his eight years as president of Russia, Vladimir V. Putin pursued the strategic goal of dominating natural gas supplies to Europe and the […]
Read more »Via Stratfor (subscription required), a detailed report on the recent agreement between Gazprom and Italy’s energy giant ENI on the development of the South Stream natural gas pipeline. Despite this step forward, there remain – as the article notes – significant political and logistical hurdles to be overcome: “…South Stream, originally proposed by Italy and […]
Read more »Via Energy Daily, a report that Iran – in a historic move – is now preparing to tentatively start exploring in the Caspian Sea’s coastal waters as well. As the article notes: “…What is impressive about Iran’s intentions is the fact that its offshore equipment is indigenously produced, a result of 30 years of U.S.-led […]
Read more »Via The Asia Times, a fascinating look at indications that Russian energy giant Gazprom may be preparing to take over a large part of the Hungarian domestic gas distribution network via a highly opaque deal which could threaten Hungary’s energy security. As the article notes: “…On April 28, Emfesz KFT, a major Hungarian gas distribution […]
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