Excerpt from Caspian Investor by Kent F. Moors, Ph.D., Contributing Editor
Gazprom announced an historic decision on March 11. The Russian natural gas giant has agreed to purchase Central Asian gas at “European prices” beginning in 2009. If the decision holds
up, it stands to place considerable control of Central Asian gas throughput to Europe in Russian hands, as well as create a significant problem for the Western-supported Trans-Caspian Gas Pipeline designed to bypass Russia. One thing appears certain, however. This agreement once implemented will fundamentally change the regional gas export dynamics.
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Tuesday, March 25, 2008
Gazprom Agrees to Buy Central Asian Gas at European Prices
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