Thursday, 12 February 2009
Gazprom Lifts the Gaiety of the Nation
In the gloom of a British winter, where better to turn for a morale-booster than the comedy turn that is Gazprom's annual London press conference, where we are solemnly informed that
"Gazprom plans cuts in European exports if gas demand slumps"
As opposed to ... continuing to stuff the gas into the pipes until they burst at the seams ? I'm trembling already, but it isn't with fear. Or the cold. Yes, Gazprom, your exports are indeed going to fall. And then, this:
"Gazprom aims to invest $2.5 bn in development of Nigerian gas"
Hint to Nigerians: it's one of those 419 scams, you know ? Gazprom has never been known to put its hand in its own pocket. Ever.
UPDATE: Gazprom have responded wittily to the (annual) rumours they are going to buy Centrica. It wouldn't be a cash offer, in any case: to repeat what we said above - Gazprom has never been known ...