Energy Blast – July 3, 2009
Source: http://www.robertamsterdam.com/2009/07/energy_blast_-_july_3_2009.htmPosted on Friday, July 3rd, 2009 | In Market Commentary, Russia
The European Commission’s Gas Co-ordination Group has warned Europe to brace itself for a potential gas disruption, and suggests that EU countries need to prepare themselves more actively for the possibility. The turnaround in Europe’s attitude towards nuclear power, stoked by a desire to diversify away from Russian energy supplies,
is the subject of an article in the FT. The Economist suggests
that the Ukraine-Russia gas war, rather than emphasizing Europe’s
dependence on Russian gas, has simply made it a far less attractive prospect. Hungary’s Mol may lose the license that its Russian joint venture owns to an oil and gas deposit in western Siberia. In Russia the State Council Presidium has assembled to discuss energy efficiency. Gazprom is looking for deals in Africa and the Caspian Sea area, where it feels it needs to be ‘strategically present’. The company has started exploration as part of the Sakhalin-3 project. Egyptian company Maridive may sign contracts to build pipelines in Russia and India. Russia is apparently not producing enough oil to fill a new $4 billion pipeline to the Baltic. Barack Obama is expected to urge Russia to change its attitude to alternative energy supplies.
Last 5 posts by Robert Amsterdam
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Africa, Barack Obama, Caspian Sea, Commission of European Communities;, Economist, Energy Efficiency, energy supplies, Europe, european commission, gas war;, Gazprom, Hungary, India, Maridive, Market Commentary, Oil, oil and gas deposit, potential gas disruption, Russia, Russia, The Macro Trader, Ukraine, 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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