Julia Nanay News
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OAO Rosneft’s proposed acquisition of TNK-BP will accelerate the state oil company’s eclipse of OAO Gazprom as the dominant force in Russia’s energy industry.
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The Nabucco natural-gas pipeline project to ship Caspian fuel to Europe may have been dealt a “terminal blow” as Hungary seeks to attract a rival link planned by OAO Gazprom, Russia’s gas export monopoly.
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China is turning to Turkmenistan for more gas as Russia’s OAO Gazprom , the world’s biggest producer, has yet to agree on prices and pipeline routes with Asia’s fastest-growing market.
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Plans to build a natural-gas pipeline from Russia to North and South Korea may be accelerated, according to South Korean President Lee Myung Bak.
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Austria hedged its bets on two competing projects to transport natural gas to Europe, joining OAO Gazprom and Eni SpA’s planned South Stream pipeline from Russia while still backing the OMV AG-led Nabucco pipeline network.
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President Vladimir Putin has begun revamping Russia’s petroleum taxes to increase government revenue in his third term and maintain oil and gas flows that underpin his power atop the world’s largest energy exporter.
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