September 23, 2009 By Robert Amsterdam

Gazprom Continues its Italian Shell Games to Steal Yukos

scaroni092209.jpgTwo interesting pieces of news coincide today from the sordid world of Russian energy politics.  First, permissions to build the 403-meter “Gazscraper” tower in St. Petersburg were muscled through local government by Valentina Matvienko over the protests of preservationists, while hours later news came down that Italian firms Eni and Enel had finalized the sale of $1.6 billion worth of former Yukos assets back to Gazprom, which it had originally acquired in a controversial rigged auction.