Friday, February 22, 2008

Gazpromization


Iran will soon close a deal with Russia’s Gazprom to form a joint company for implementing energy projects. - Iran, Russia to set up joint energy company

Gazprom, the world's biggest gas producer, will play a larger role in developing Iran's giant South Pars gas field. It will also drill for oil.

U.S. political pressure has delayed progress on gas projects by European companies such as Total and Royal Dutch Shell.

Moscow is building Iran's first nuclear power plant and has supplied the fuel it will use. - Russian energy ties with Iran send US a message

"Gazprom has flooded the market in Turkey, withheld gas in Ukraine, threatened to do so in Belarus, and offered preferential market access to willing partners, such as Italy.

"In the Caucasus, the Kremlin has prevented Iran from establishing infrastructure to compete as a supplier of gas to Europe.

"To stop Iran's gas, Russia effectively bought Armenia's entire energy sector, while its support for Iran's nuclear program helps maintain Iranian isolation, keeping away the Western money Iran would need to become a rival gas exporter." - The Gazpromization of EU energy security

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