Energy Blast – June 20, 2009
Source: http://www.robertamsterdam.com/2009/06/energy_blast_-_june_20_2009.htmPosted on Tuesday, June 30th, 2009 | In Market Commentary, Russia
Gazprom and Azeri company Socar have signed a deal to give Russia the first rights to Azeri gas that was previously seen as reserved for the Nabucco pipeline. Medvedev referred to the deal as a ‘milestone’ for cooperation in the future. Gazprom will buy 500 million cubic meters of natural gas from Azerbaijan annually from 2010, with plans to increase orders. The International Energy Agency has warned that Europe’s gas supplies are at almost constant risk of disruption. Russian and Ukrainian officials have met with international lending institutions to try and establish ways of paying for Russian gas. Poland has signed an agreement with Qatar to receive one million tons of LNG annually from 2014. Russian companies may invest in oil exploration and natural gas distribution in China, following an agreement between Beijing and Moscow to increase bilateral trade. E.ON’s Russia-backed Baltic pipeline, Nord Stream, is on schedule to begin delivering gas to Germany by 2011, whilst Nabucco is still struggling with delays due to lack of steady supply and customers.
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Azerbaijan, Beijing, China, E.On, Europe, gas supplies, Gazprom, Germany, international energy agency, Market Commentary, Moscow, Nabucco pipeline;, Natural Gas, natural gas distribution, Nord Stream, Oil Exploration, Poland, Qatar, Russia, Russia, Russia-backed Baltic pipeline, Socar, The Macro Trader
 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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