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136 comments on Has Fossil Fuel Consumption Within the EU Peaked?
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136 comments on Has Fossil Fuel Consumption Within the EU Peaked?
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Meanwhile, back at the ranch:
“Gazprom has expressed its willingness to buy Libyan oil and any available quantities of gas,” the official, Shokri Ghanem, told Reuters, adding that it did not mean Gazprom would buy all of Libya’s oil.
Gazprom’s chief, Alexei B. Miller, met with Col. Muammar el-Qaddafi of Libya, after which the company said in a statement that it hoped to buy, at market prices, “all future volumes” of gas, oil and liquefied natural gas available for export.
A cooperation agreement signed in 2006 between Gazprom, which supplies about a quarter of Europe’s gas, and Algeria led to fears that Europe’s biggest two suppliers could work together like the OPEC group of oil exporters.
Gazprom’s latest bid to strengthen its grip on gas supplies around Europe comes as no surprise, said David Cox, the president of Poyry Energy Consulting.
Gazprom said it was also planning a joint refining venture with the National Oil Corporation of Libya, and accepted Libya’s offer to build pipelines to Europe from Libya, in North Africa.
Gazprom and the Italian energy company Eni formed a partnership in 2006 that allowed the companies to swap energy assets, including those of Eni in Libya.
Gazprom Offers to Buy All of Libya’s Gas
Source: NYTimes
URL Source:
http://www.nytimes.com/2008/07/10/business/worldbusiness/10gazprom.html? _r=1&oref=slogin
h/T Russki at Libertypost.org
And this happened while the EU was discussing biofuels.
You have to give the Russians that they are clever strategists and also is focused on long term goals (and Gazprom ceartinly knows the value of energy) while some of their counterparts (competitors) is locked into the belief that the market will solve everything including future energy supplies.
This is an illustration that the rules in a post PO world are about to change, and has anyone seen any signs that western politicians are aware of the new rules now being formed?
No, this news is proof that the Euro-politicians' starry eyed faith in "the market" to deal with energy problems is totally correct. It will.
However "The market" is now called Gazprom. And it's a monopoly.
Be careful what you wish for.
(And build more nuclear power plants.)