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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (10141)	10/15/2006 12:24:27 PM
From: foundation	Read Replies (1) \| Respond to of 218581

Russian energy: Europe's pride, US's envy Asia Times - Oct 14, 2006 atimes.com <snip> Buried beneath the heaps of hot words on North Korea's nuclear test, the announcement in Moscow on Monday about the Shtokman natural-gas deposit off Russia's Arctic coast almost escaped attention, despite its comparable lethal fallout in world politics. Undoubtedly, Gazprom's statement shook up the world energy scene - and the calculus of European politics. Gazprom, the Russian gas monopoly, announced that it would develop on its own without foreign companies the fabulous Shtokman deposit, holding an estimated 3.2 trillion cubic meters of natural gas and 31 million tonnes of gas condensate in the Barents Sea, 360 kilometers off the coast, at a depth of 320 meters. And most significant, Gazprom also said it would send most of the gas from the giant Arctic Shtokman field to Europe, rather than to the United States. ... The Gazprom decision signifies a complete reversal of policy insofar as North America was intended to be the project's main destination. (The Shtokman gas deposit has enough gas for 50 years of deliveries to the US.) ... <snap>