Energy Blast – April 20, 2009
Source: http://www.robertamsterdam.com/2009/04/energy_blast_-_april_20_2009.htmPosted on Monday, April 20th, 2009 | In Market Commentary, Russia
Azeri President Ilham Aliyev has said that he would like Russia to act as a transit route for Azerbaijan gas to Europe. Medvedev feels Gazprom has a ‘very high chance of entering into a full agreement’ on buying gas from Azerbaijan. Gazprom Neft will sell $299 million of bonds in rubles as a first offering of domestic debt. In the future, Russia could export as much 40 million tons of biofuels to Europe. Lukoil is apparently interested in entering the Italian wholesale and retail distribution market. Rosneft has declined to comment upon reports in the Sunday Times that it may make a bid for Sibir Energy. Chinese company CNOON says it will not purchase foreign oil firms during the global recession period. Hungary’s new prime minister, Gordon Bajnai, is ‘unhappy’ with the Surgutneftegaz and MOL situation. PetroChina Co. may pay up to $1.4 billion for a stake in a Kazak oil company. Latvia will suggest to Gapzrom the company build a pipeline across its territory as an alternative to the Nord Stream. The Obama administration will use Californian energy legislation as a model for national laws in an attempt to reduce carbon, reports the Times.
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Azerbaijan, Biofuels, CNOON;, energy legislation;, Europe, foreign oil firms;, Gazprom, Gordon Bajnai, Hungary, Ilham Aliyev, Latvia, Market Commentary, Nord Stream, Obama administration, Oil, on buying gas;, PetroChina Co.;, retail distribution market;, Russia, Russia, Sunday Times, the Sunday Times;, the Times, USD
 About Robert Amsterdam (http://www.robertamsterdam.com/)
Robert Amsterdam is a lawyer and an advocate for rule of law. His blog was created to express views which may stimulate debate and discussion on topics of international interest. Robert believes that we live in a world of unchallenged impunity, and he views his blog as merely a small attempt to shine a light on issues he views as important in countries with which he is engaged. He make no apologies or pretense of objectivity - he is merely stating his opinions. |
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