Energy Blast – July 13, 2009
Source: http://www.robertamsterdam.com/2009/07/energy_blast_-_july_13_2009.htmPosted on Monday, July 13th, 2009 | In Market Commentary, Russia
‘The project is rich in geopolitical
significance, not least because Russia is quick to use its huge energy
reserves as a political tool’: the Times reports on Nabucco.
United States special energy envoy Richard Morningstar has said that
Russia is ‘certainly free to participate’ in supplying gas to the pipeline and that it must be accepted as a partner. The project has had a boost as Turkey has abandoned its demand to buy 15% of gas from it and Turkmenistan has announced that it is ready to sell gas to it. Viktor Vekselberg’s Integrated Energy Systems may face state criticism for delaying deadlines without official sanction. Kazakhstan has finished construction of its part of the pan-Central Asian pipeline that will help China tackle its increasing energy requirements. Reuters reports on troubles ahead for Gazprom’s Shtokman gas project due to investment levels based on higher oil prices. The International Energy Agency has cautiously predicted that global oil demand will recover next year. The Financial Times reports that oil companies from emerging economies are responsible for more than 50% of the field’s biggest mergers.
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 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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