Talk this week has been of Gazprom ‘eyeing
Needless to say, there will be no cash on the table: that’s not the Russian way. No, E.on will be invited to see great value in a ‘stake’ in some remote gas field, (the gas from which they will be required to buy anyway), and accept this in return.
What’s more, they will be told to get their skates on, because Gazprom’s latest best friend, don’t you know, is Total of France, who also this week have been honoured to be allowed to sink a fortune in another old friend - Russian pet project, Shtokman. How much joy Total will derive from this remains to be seen (have a word with BP and Shell, guys) – they may not even be allowed to ‘book the reserves’ which means a lot to oilmen.
Lenin used to say that capitalists will sell you the rope with which to hang them. Turns out, it’s even better – they’ll give it to you.