Here’s the latest news on Gazprom as Russia attempts to exert power through energy coopting.
Russian TV sanitized a protest against the Russian government, and the Megacorporation Gazprom was there to scrub it clean.
In the meantime, their government-sponsored takeover of the Sakhalin-2 platform is done, with Shell finalizing its compensation. Effectively the Russian government made Shell give up 50% of its share in the platform once it was complete. Now the original investors are going to get a profit on their investment further down the line, provided Russia doesn’t seize the platform entirely.
Some people are beginning to notice the ever-expanding influence of Gazprom. Gazprom says, “No, we’re not trying to monopolize all energy sources in Eurasia! We’re just trying to control as many of the energy companies in Eurasia as we can! Stupid British!’
Some companies are “increasing cooperation” with Gazprom. Coercion, maybe?
And why is Gazprom trying to seize as many assets as possible? Its current supplies are nearing exhaustion. In order to open more of these new plants, they need capital, and what better way to get capital than to seize multinational projects on their territory and squeeze its neighbors with crazy prices driven by monopoly?
People like BP CEO successor Tony Hayward are concerned about the Kremlin and its predilection on making all energy projects Gazprom projects.
The White House if finally “concerned” about Gazprom’s growing influence.
Finally, as the Summer season approaches, Gazprom is going to use that time on new projects— joint projects, as it were. But we see where Gazprom “projects” go– to complete control of gas assets.