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
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
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.