Energy Blast – April 9, 2009
Source: http://www.robertamsterdam.com/2009/04/energy_blast_-_april_9_2009.htmPosted on Thursday, April 9th, 2009 | In Market Commentary, Russia
Hungarian President, Laszlo Solyom, is reportedly ‘worried’ about the circumstances under which Surgutneftegaz bought a stake in MOL, fearing the possibility of ‘creeping control’. After a two-month suspension of activity, Exxon Mobil’s Sakhalin-1 project has been approved by the Russian government. Gazprom will offer $2 billion worth of 10-year eurobonds to investors. The Russian gas giant and Royal Dutch Shell have come to a series of agreements for the purchase of LNG from Sakhalin II over the next twenty years. Italian utility giant, Enel, will keep its promise to invest $2.8 billion in Russia by 2013. Lukoil has denied yesterday’s reports that the company is in talks with Polish refiner PKN Orlen. Lukoil vice-president, Leonid Fedun, has commented in the Financial Times that ‘antagonism‘ from eastern European countries is driving Russian investors away. Turkmenistan has apparently given clear indications that it wants to create a pipeline to export gas directly to Europe. TNK-BP thinks that Russia needs a unified oil products exchange. The Russian government will allow utilities companies to cut back on their projected $59 billion investment in the wake of the credit crunch.
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Enel, Europe, Exxon Mobil, gas giant;, Gazprom, Hungary, László Sólyom;, Leonid Fedun;, Lukoil, Market Commentary, MOL;, oil products, Russia, Russia, Russian Government, Sakhalin-1;, Surgutneftegaz;, The Financial Times, Turkmenistan, USD, Utilities, utility giant;
 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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