April 3, 2008 By Robert Amsterdam

Gazprom’s North African Adventures

The last time Gazprom played around with deals and “memorandums of understanding” in North Africa, it was the con of the decade: The preemptively announced cooperation agreement with Algeria’s state-held exporter Sonatrach, which terrified Europe and cornered Italian companies into hasty agreements with Gazprom. Never mind that in the end the scary deal turned out to be a bluff – but by then it was too late. Today’s news might be more substantial…