Post by Steve Gardner on Jan 15, 2008 10:41:21 GMT
There's a mad rush for energy going on and the Russians are getting creative in Africa.
Notice how the tone of this article - with its 'gas grab' headline suggestive of underhandedness - differs from that of the Shell and Total square up over gasfield in Iraq’s Sunni heartland?
And yet if anyone is guilty of 'grabbing' oil, in a derogatory sense, it's the Western corporations, backed by the US-led coalition of the criminally willing. As described in the Shell and Total square up over gasfield in Iraq’s Sunni heartland article, for example, they're seeking to usurp Syria, who had an agreement with Iraq in place prior to the coalition's invasion and mass-murder of Iraq and its innocent civilians.
Source: Financial Times
Notice how the tone of this article - with its 'gas grab' headline suggestive of underhandedness - differs from that of the Shell and Total square up over gasfield in Iraq’s Sunni heartland?
And yet if anyone is guilty of 'grabbing' oil, in a derogatory sense, it's the Western corporations, backed by the US-led coalition of the criminally willing. As described in the Shell and Total square up over gasfield in Iraq’s Sunni heartland article, for example, they're seeking to usurp Syria, who had an agreement with Iraq in place prior to the coalition's invasion and mass-murder of Iraq and its innocent civilians.
Source: Financial Times
By Matthew Green in Abuja and Catherine Belton in Moscow
Published: January 4 2008 22:28
Gazprom, Russia’s state-owned energy group, is seeking to win access to vast energy reserves in Nigeria in a move that will heighten concerns among western governments over its increasingly powerful grip on gas supplies to Europe.
A senior Nigerian oil industry official, who declined to be named, said the company was offering to invest in energy infrastructure in return for the chance to develop some of the biggest gas deposits in the world.
The Russian move is part of a courtship that saw Vladimir Putin writing to Nigeria’s leader, Umaru Yar’Adua, last year to seek energy co-operation.
Gazprom’s efforts are likely to cause concern among European governments anxious about their dependence on Russia for a quarter of gas imports. The country’s readiness to cut off supplies has alarmed EU governments.
“What Gazprom is proposing is mind-boggling,” the Nigerian oil official told the Financial Times. “They’re talking tough and saying the west has taken advantage of us in the last 50 years and they’re offering us a better deal ... They are ready to beat the Chinese, the Indians and the Americans.”
Gazprom representative Ilya Kochevrin confirmed the talks with Nigerian officials. “We made a decision to go global in terms of acquiring assets and developing strategy outside Russia. Africa is one of our priorities,” he said.
Any move by Gazprom to establish itself in Nigeria, long dominated by companies such as Royal Dutch Shell, Chevron and ExxonMobil, would reinforce a global trend of state-backed energy companies challenging western rivals.
Although Nigeria is an important provider of liquefied natural gas to the US and Europe, western energy companies have historically focused on producing and selling oil from Nigeria, which is Africa’s biggest producer of crude. However, demand has prompted plans for more facilities to cool natural gas into the liquid state, which makes it possible to ship to Europe and elsewhere.
The Nigerian official said Gazprom executives had visited Abuja in mid-December with a range of proposals to revamp the underperforming gas sector.
A Gazprom document, seen by the FT, says it can offer “strong technical expertise and financial resources”.
The Nigerian official said Gazprom was also competing with international banks to take over funding the government’s share of ventures with western oil companies, hoping to win gas exploration blocks and approvals to build LNG plants in return.