http://turkmenistan.neweurasia.net/2006/06/29/breaking-gas-deals/ Just another WordPress weblog Fri, 25 Jul 2008 12:46:09 +0000 http://wordpress.org/?v=2.2.3 http://turkmenistan.neweurasia.net/2006/06/29/breaking-gas-deals/#comment-2373 Nick Fri, 30 Jun 2006 15:21:57 +0000 http://turkmenistan.neweurasia.net/2006/06/29/breaking-gas-deals/#comment-2373 Still - Turkmenbashi alone produces more than enough gas to go round everyone. Still - Turkmenbashi alone produces more than enough gas to go round everyone.

]]> http://turkmenistan.neweurasia.net/2006/06/29/breaking-gas-deals/#comment-2366 Iskatel Fri, 30 Jun 2006 06:57:23 +0000 http://turkmenistan.neweurasia.net/2006/06/29/breaking-gas-deals/#comment-2366 It seems to me, Turkmenbashi is craftily taking advantage of gas accords that have been recently signed with China. He appears to get the powerful leverage into his hands. In the run up to the G-8 summit this looks like a blow to Russia that will undermine its power in the energy security talks, the top item on the summit’s agenda. For Russia, seeking to position itself as a country capable of delivering energy security to international markets, unsettledness of gas disputes with Turkmenistan is something it has to care about strongly. The crux of the matter is a price Gazprom has to pay for Turkmen gas. Gas is there but too high a price is going to eat into the significant part of Russian monopolist’s profits. This is what really upsets Gazprom. The strange thing is that Russia has so indulged in “no-more-subsidies-to-gas-consumers” rhetoric that it takes no notice of the fact that it itself is subsidized when importing Central Asian gas at cheap prices. A double standard at work, isn’t it? It seems to me, Turkmenbashi is craftily taking advantage of gas accords that have been recently signed with China. He appears to get the powerful leverage into his hands. In the run up to the G-8 summit this looks like a blow to Russia that will undermine its power in the energy security talks, the top item on the summit’s agenda. For Russia, seeking to position itself as a country capable of delivering energy security to international markets, unsettledness of gas disputes with Turkmenistan is something it has to care about strongly. The crux of the matter is a price Gazprom has to pay for Turkmen gas. Gas is there but too high a price is going to eat into the significant part of Russian monopolist’s profits. This is what really upsets Gazprom. The strange thing is that Russia has so indulged in “no-more-subsidies-to-gas-consumers” rhetoric that it takes no notice of the fact that it itself is subsidized when importing Central Asian gas at cheap prices. A double standard at work, isn’t it?

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