Energy Blast – Jan 30th, 2009

Alisher Usmanov has sold his majority stake in Yuzhno-Tambeiskoye, one of the biggest gas deposits in Russia, to Gazprom’s banking arm.  Energy sector leaders from around the world have told the World Economic Forum that the current price of oil is too low to allow them to make investments needed to ensure that they can meet energy demands in the future.  NATO officials meeting in Reykjavik say the race for territory in the energy-rich Arctic poses serious new security threats.  Prime Minister Vladimir Putin has signed a government decree on customs duties on crude oil exported from Russia to countries outside of the zone of its existing agreements, setting the price at $100.9 per ton.  Japan’s National Tax Tribunal has rejected a request from Nippon Oil to nullify extra taxes imposed on it in 2006 on gains from energy derivatives trading.  

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One Comment

  1. Posted January 31, 2009 at 3:37 pm | Permalink

    The ( controversial , see the flag burnings ) NATO summit in Reykjavik showed that the warmongers in Arctic is this Us-led alliance , like in the 40-50′s . Now everybody in russophobic western medias is writing that Russia will respond with a ” bellicose ” Arctic Doctrine .Why it shouldn’t ?Even if it doesn’t suit to Mr Paul Goble and Us Arctic doctrine , these are Russians territories and the Nothern Sea Route is under Russian jurisiction .It will be funny to see how the alliance will coordonate it’s agenda with a Canada claiming sovereinity on the North West passage while the alliance will certainly follow Us doctrine which claims it’s international waters and how Germany and Italy ( And France and Norway ) will adhere to a bellicose attitude towards Russia in the Arctic with billions invested in Shtokman , Prirazlomnyie and Yamal peninsula oil and gas projects .I guess they will do like in the beginning 80′s when they didn’t follow Reagan’s embargo on the Druzhba pipe .

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