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Tuesday, November 22, 2005
Putin, Japan and Gazprom -The official Drainer of the Russian Natural Resources See also: Gazprom -The official Drainer of the Russian Natural Resources http://putinfreakshow.blogspot.com/2005/11/gazprom-official-drainer-of-russian.html While Putin seemed eager to sign contracts on Sakhalin I and II, not the same could be said about the huge Pacific pipeline designed to link Siberia to Japan, on which he has made just vague promises, or about changes that would require liberalization in the Russian law. Putin seems eager though, probably pressed by the illusory WTO paper, to make joint ventures with the Japanese companies. In the backstage, Gazprom prepares its shares liberalization, in order to welcome the Western companies in time to allegedly invest in Russia. In an article posted by RIA Novosti, there is a corollary which says that the new amendment would allow the state to have 50 % of Gazprom stock: The current law On Gas Supply stipulates that Russia should hold at least 35% of Gazprom's shares. Today, the state owns 50% plus one share in the company. "The amendments would allow the state to have 50% of Gazprom stock," Duma said. http://en.rian.ru/russia/20051121/42163555.html The deal between Gazprom and the Japanese companies unfolds according to the following pattern: Japan is scheduled to play the role of intermediary between Russia and the US in the energy business. Russia pumps, Japan works and the US receives. All these in exchange of a presumptive WTO Russia has been expecting for about 10 years. More details on the alleged deal: Gazprom is scheduled to jointly cooperate with Japanese companies in Shtokman Project: to transport and market liquefied natural gas from the project in the Barents Sea, to provide pipes for a pipeline under the Baltic Sea to Germany, to supply technology for a second gas link of the Blue Stream from Russia to Turkey and, in the future, possibly further to Israel. In return, Gazprom plans to sell liquefied petroleum gas to Japanese companies, Miller said. Shtokman field holds enough gas to fuel North America for almost four years. Putin seems to also encourage the selling of oil derivates instead of crude oil, which, although still a sell-out of natural resources, would be more advantageous at least. Rosneft plans to enter Asia-Pacific markets 10:12 21/ 11/ 2005 "We consider these markets not only as crude oil markets, but as oil derivatives markets," Rosneft company president Sergei Bogdanchikov said. http://en.rian.ru/russia/20051121/42158297.html State Duma lawyers fear dilution of state's stake of Gazprom http://en.rian.ru/analysis/20051121/42161777.html Who doesn't? See more articles at the link below: http://groups.yahoo.com/group/VladimirPutinRoundTable/message/269 Complete archives at http://www.sitbot.net/ Please let us stay on topic and be civil. OM
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