Tuesday 10 July 2007

Here come the Russians . . . Gazprom update

For all those gentle readers who quake at the thought of being dependent on gas from the kindly Gazprom, three entertaining recent news items:

1. "In the near future there will be a deal to further increase the customer base on the British market. Anyone who will be in London for the Wimbledon tennis tournament will know about it." Alexander Medvedev told reporters at an economic forum in St Petersburg last month. And the deal is . . . (drumroll) . . . no not Centrica at all, it’s, ahem, Natural Gas Shipping Services, a small, Cheshire-based gas-distribution business. So although the Wimbledon crowds were much impressed, the Takeover Panel can go back to sleep.

Keep up at the back, we’ve said this before: Gazprom doesn’t pay cash for anything much more expensive than a bus ticket: much too shrewd for that - it’s “asset swaps” all the way. Which probably won’t cut much ice with Centrica’s cash-only shareholders.

2. On the other hand, the Russian Parliament has authorised Gazprom staff to carry firearms ! What isn’t mentioned is that this merely ratifies custom and practice. How do you think they deliver the gas bills to distant, warlord-controlled parts of the empire ? (like Cheshire - eh, Hitch ?)

3. And to cap it all, this week it is announced that western oil companies will be allowed to participate in the gargantuan Shtokman project after all ! Now there’s a thing. And there was us believing Gazprom when they said they were going to do it all on their own, and not develop it as LNG after all. Suggestion: the “lucky winners” – Chevron, Total and Statoil – might want to have a little word with BP and Shell about their experiences first, though.

Back home again to our own long-running story of commercial gamesmanship in the energy sector . . . here and here we’ve commented on BP’s little games over the bung they’d like, to encourage them to play ball with NuLab on carbon-capture. And now we learn that they and their friends would like £ 1 billion sub from HMG to get them to join the game.

Cynic ? me ? no, no, I believe them implicitly.



James Higham said...


It is Wednesday and I have only 14 votes from 49.

If you're thinking of waiting until the last minute, may I beg you to reconsider. Though we gave a date of Friday evening, the longer our members refrain from voting, the longer we are preserving the agony.

May I humbly and respectfully ask that you don't let it go that long but get your vote in soon so we know what is happening?

Yours, James

Newmania said...

This may be going a little over my head CU.

The Hitch said...

The hitch has both a tokarev and a makarov in the cabinet should I be called upon , sadly deactivated but *coughs* easliy re activated

Anonymous said...

I've been writing about Gazprom too, we do need to keep our eye on it, it is worrying.

What is the marquis talking about?

Anonymous said...

OK - how do you pronounce Shtokman?

CityUnslicker said...

makarov - Hithc what a piece of kit.

As for gazprom - the world is rapidly becoming more protectionist and this is a huge threat to us as the most exposed large trading nation.

Nick Drew said...

Ellee - have you posted recently on Gazprom ? You did something in March as I recall

Mutt - the Russian is Штокман, and you pronounce it as you would imagine (given that the Russian 'H' is the western 'N')

However,Gazprom is not pronounced the way westerners tend to do: the emphasis should be on the second syllable, the flat 'O'.

(If it were on the first syllable, then you'd have to say 'Gazprm' or 'Gazprum' with almost no articulated 2nd vowel, because the Russian 'O' is only articulated as such when emphasised.)

Anonymous said...

aaaa片, 免費聊天, 咆哮小老鼠影片分享區, 金瓶梅影片, av女優王國, 78論壇, 女同聊天室, 熟女貼圖, 1069壞朋友論壇gay, 淫蕩少女總部, 日本情色派, 平水相逢, 黑澀會美眉無名, 網路小說免費看, 999東洋成人, 免費視訊聊天, 情色電影分享區, 9k躺伯虎聊天室, 傑克論壇, 日本女星杉本彩寫真, 自拍電影免費下載, a片論壇, 情色短片試看, 素人自拍寫真, 免費成人影音, 彩虹自拍, 小魔女貼影片, 自拍裸體寫真, 禿頭俱樂部, 環球av影音城, 學生色情聊天室, 視訊美女, 辣妹情色圖, 性感卡通美女圖片, 影音, 情色照片 做愛, hilive tv , 忘年之交聊天室, 制服美女, 性感辣妹, ut 女同聊天室, 淫蕩自拍, 處女貼圖貼片區, 聊天ukiss tw, 亞亞成人館, 777成人, 秋瓷炫裸體寫真, 淫蕩天使貼圖, 十八禁成人影音, 禁地論壇, 洪爺淫蕩自拍, 秘書自拍圖片,

做愛的漫畫圖片, 情色電影分享區, 做愛ㄉ影片, 丁字褲美女寫真, 色美眉, 自拍俱樂部首頁, 日本偷自拍圖片, 色情做愛影片, 情色貼圖區, 八國聯軍情色網, 免費線上a片, 淫蕩女孩自拍, 美國a片, 都都成人站, 色情自拍, 本土自拍照片, 熊貓貼圖區, 色情影片, 5278影片網, 脫星寫真圖片, 粉喵聊天室, 金瓶梅18, sex888影片分享區, 1007視訊, 雙贏論壇, 爆爆爽a片免費看, 天堂私服論壇, 情色電影下載, 成人短片, 麗的線上情色小遊戲, 情色動畫免費下載, 日本女優, 小說論壇, 777成人區, showlive影音聊天網, 聊天室尋夢園, 義大利女星寫真集, 韓國a片, 熟女人妻援交, 0204成人, 性感內衣模特兒, 影片, 情色卡通, 85cc免費影城85cc, 本土自拍照片, 成人漫畫區, 18禁, 情人節阿性,

Anonymous said...

情色電影, aio交友愛情館, 言情小說, 愛情小說, 色情A片, 情色論壇, 色情影片, 視訊聊天室, 免費視訊聊天, 免費視訊, 視訊美女, 視訊交友, ut聊天室, 視訊聊天, 免費視訊聊天室, a片下載, av片, A漫, av dvd, av成人網, 聊天室, 成人論壇, 本土自拍, 自拍, A片, 愛情公寓, 情色, 舊情人, 情色貼圖, 情色文學, 情色交友, 色情聊天室, 色情小說, 一葉情貼圖片區, 情色小說, 色情, 色情遊戲, 情色視訊, 情色電影, aio交友愛情館, 色情a片, 一夜情, 辣妹視訊, 視訊聊天室, 免費視訊聊天, 免費視訊, 視訊, 視訊美女, 美女視訊, 視訊交友, 視訊聊天, 免費視訊聊天室, 情人視訊網, 影音視訊聊天室, 視訊交友90739, 成人影片, 成人交友,

免費A片, 本土自拍, AV女優, 美女視訊, 情色交友, 免費AV, 色情網站, 辣妹視訊, 美女交友, 色情影片, 成人影片, 成人網站, A片,H漫, 18成人, 成人圖片, 成人漫畫, 情色網, 日本A片, 免費A片下載, 性愛, 成人交友, 嘟嘟成人網, 成人電影, 成人, 成人貼圖, 成人小說, 成人文章, 成人圖片區, 免費成人影片, 成人遊戲, 微風成人, 愛情公寓, 情色, 情色貼圖, 情色文學, 做愛, 色情聊天室, 色情小說, 一葉情貼圖片區, 情色小說, 色情, 寄情築園小遊戲, 色情遊戲, 情色視訊,