Energy Blast, Feb. 19, 2008
A “clear majority” of west Europeans regard Russia as an unreliable energy supplier but remain resistant to paying more for alternative supplies from renewable energy sources. Russia’s largest crude producer Rosneft will spend around $1 billion on hydrocarbon exploration of the western Kamchatka shelf in Far Eastern Russia. Gazprom and Rosneft could work together to develop the Sakhalin-3 energy project. Alexei Miller, Chairman of the Board of Gazprom, will arrive today in Kyrgyzstan for talks on the implementation of a number of joint projects. Ukraine, a key recipient of Turkmen gas through Gazprom, has pledged $300 million in construction projects in the central Asian state.