Energy Blast, March 18, 2008
Russia’s former power monopoly Unified Energy System has lowered the valuation of power supply company MosEnergoSbyt to $944.3 million. UES initially said MosEnergoSbyt was worth $1.3 billion. Gazprom may be forced to allow other companies to use its pipeline network to export natural gas from Russia. Russia’s Federal Anti-Monopoly Service is preparing to send amendments to the law “On Gas Export” to the government in May that would grant non-state Russian gas producers access to Gazprom’s export routes. Bolivia hopes to meet its supply commitments to neighboring countries now that a natural gas prospecting deal has been signed between Gazprom and YPFB, Bolivia’s state-owned energy company. Gazprom is also increasingly looking to South American markets, with focus on cooperation talks with Brazil, Argentina and Venezuela.