Energy Blast – October 15, 2009
Source: http://www.robertamsterdam.com/2009/10/energy_blast_-_october_15_2009.htmPosted on Thursday, October 15th, 2009 | In Investing Lessons, Russia
According to ITAR-TASS, Prime Minister Vladimir Putin has commented that Russia does not object to selling energy resources using domestic currencies. How done is the Russia-China gas deal? wonders the the FT. Gazprom will buy 500 million cubic meters of gas from Azerbaijan next year. The Times has a piece on the ‘take-and-pay’ system which is now causing friction between suppliers and buyers. Norway’s Aladdin has signed a five-year contract to provide gas from a field in the Komi republic to a Gapzrom subsidiary. ConocoPhillips is apparently ‘non-committal’ on a possible sale of its 20% stake in Lukoil. Serbia expects as much as $13.4 billion to be invested in modernizing its energy sector by 2015, and is working with Gazprom. Iraq has given a consortium led by Eni the right to develop its colossal Zubair field. The International Energy Agency has announced a series of measures to extend cooperation with India, China and Russia, three nations of increasing weight in the global energy markets. A Cambridge professor has warned that in 20 years the Arctic will be ice-less during summer due to global warming.
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Aladdin, Azerbaijan, Cambridge professor, China, conocophillips, energy markets, Energy Resources, Energy Sector, Eni, gas deal, Gazprom, India, international energy agency, Investing Lessons, Iraq, Itar-Tass, Lukoil, Norway, Prime Minister, Russia, Russia, Serbia, the Times, USD, vladimir putin
 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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