The Financial Times recently reported that Gazprom is considering a $2bn gas investment in production capacity in Bolivia which has vast gas reserves, second only to Venezuela in Latin America. As the article notes: “…An official from the Bolivian hydrocarbons ministry confirmed the Gazprom deal with YPFB (Yacimientos PetrolÃferos Fiscales Bolivianos), the Bolivian state energy […]
Read more »I noticed via The International Herald Tribune, that China’s biggest oil company – China National Petroleum Corp. – has agreed to spend US$2.2 billion to help build a natural gas pipeline from Turkmenistan that will eventually supply energy for booming cities such as Shanghai. Just yet another matching of mutual interests – China’s desire to […]
Read more »Came across Strator’s (subscription only) interesting analysis of Gazprom’s desire to purchase at least 50 percent of Rosneft’s prized subsidiary, Tomskneft, a move indicating that Gazprom may soon attempt to equal or surpass rival Rosneft’s influence in Russian petro-circles. As discussed on this blog earlier, Gazprom’s board chairman and overall political backer, Dmitri Medvedev, has […]
Read more »As always, highly interesting analysis from Steve Levine at Oil & Glory, this time on Russia’s use of Gazprom as one of its spear points of foreign policy. As the article notes: “…Through its control of natural gas pipelines , Gazprom is the instrument of Russian influence in its former colonies in Central Asia, the […]
Read more »Via Energy Daily, an excellent review of the proposed Nabucco natural gas pipeline, a 2,050-mile-long, $7.3 billion project connecting the Caspian region, Middle East and Egypt via Turkey, Bulgaria, Romania, Hungary with Austria and further on with the Central and Western European gas markets. As the analysis concludes, the success of the pipeline project rests […]
Read more »Via Stratfor (subscription required), an very insightful analysis of Gazprom’s new Yuzhno-Russkoye oil and natural gas field, due to come on line Dec. 18. However, as the report points out, even this 805 billion cubic meter field will not stem the overall decline in Gazprom’s natural gas production, highlighting the seriousness of the supply crunch […]
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