VERSIONS: روسيا اليوم NOTICIAS FREEVIDEO ИНОТВ RTД RSS
breakingnews
Go to main page   Business   News   Stockman gas field under threat   Comments  
MORE ON THE STORY
30.04.2010, 18:33 11 comments

Gazprom - Naftogaz merger mooted ahead of asset swap talks

Russian Prime Minister, Vladimir Putin has proposed the uniting of Gazprom with Ukraine’s Naftogaz to underpin integration.

13.11.2009, 18:05

Novatek posts 3Q 2009 Net Profit of 7.35 billion Roubles

Russian gas producer, Novatek, has posted a 3Q 2009 Net Profit of 7.35 billion Roubles under IFRS.

12.02.2010, 19:44 1 comment

Coal to gas opens up as Gazprom goes unconventional

Russia has launched its first project to extract gas from coal. Gazprom is starting the project in West Siberia, where president Medevedev has met with the country's fuel producers to discuss Russia's energy future.

RIA Novosti 14.01.2010, 10:56

Russian stocks prepare for 2010 upside

2009 saw the Russian stock markets stage a remarkable comeback. From being a bottom five performer in 2008, it was the second best performing equity market in the world this year

20.04.2010, 12:49

Shtokman delay will not hurt Russia

The delay in developing the Shtokman gas field will not have a negative influence on Russia’s position on the world gas market, according to Russian Energy Minister, Sergey Shmatko.

23.04.2010, 13:01

Gazprom lays on the gas to power Sochi 2014

The construction work involved with Sochi’s preparations for the 2014 winter Olympics are putting extra pressure local gas demand, but Gazprom is stepping into the breach with a 160 kilometre undersea pipeline.

Sakhalin 07.05.2010, 22:01 2 comments

Russia, South Korea expand business relations

A large new energy complex in the far eastern region of Sakhalin will expand economic cooperation between Russia and South Korea.

President Dmitry Medvedev with EU foreign policy chief Javier Solana and EU commission chief Jose Manuel Barroso (AFP Photo / Dmitry Kostyukov) 21.05.2009, 23:29 2 comments

Energy returns to centre stage in Khabarovsk

President Dmitry Medvedev welcomed European leaders to Khabarovsk for the EU Russia Summit, with energy issues are again taking centre stage.

11.09.2009, 17:16 2 comments

Central Asia and Russia: Gas partners

President Dmitry Medvedev heads to the Caspian and Central Asia this weekend for talks with Russia's gas suppliers. Business RT spoke with Mikhail Krutikhin, Partner at Rusenergy about the significance of the links.

22.12.2009, 10:17 2 comments

Russia resumes Turkmenistan gas imports

Russia has agreed to resume gas imports from Turkmenistan, starting in January, after a new contract was signed in the presence of Russian and Turkmen Presidents who are meeting in Ashgabat on Tuesday.

Stockman gas field under threat

Published: 27 January, 2010, 10:06
Edited: 31 January, 2010, 12:37


Gazprom maybe re-thinking its plans to develop the massive Stockman gas field in the arctic as falling demand and increased competition question the economic viability of the project.

 
1 COMMENT
Bianca January 30, 2010, 19:08 quote
0

A perfect example of sensationalism and reckless reporting, that I am sure in some circles is considered "objective". There is absolutely nothing objective in this analysis --- if I can even call it this. This is overly dramatic, unbalanced, and lacking facts. "Currently Gazprom is pushing for the construction of hugely expensive new pipelines to Northern and Southern Europe and is extending its reach into China. But the viability of these projects depends on having a definite market for gas at a profitable price. If Europe can produce more of its own gas, or import it cheaper from elsewhere, then Gazprom's grand plans are in danger of collapse, with Stockman being just the first casualty." Here we are. To start with, calling Nord Stream and South Stream "hugely expensive" is a joke. Both of them are a fraction of a cost of what NABUCCO would cost! And one can only laugh at the ridiculously low projection for NABUCCO, all with the objective to lure Europe and private sector to invest into it. So desparate are NABUCCO proponents, that Hillary Clinton used it at her confirmation hearing as one of the top policy priorities. How is it profitable for them to annually spend enourmous budgets just to lobby for it? Current market is down, and Gazprom will simply keep its assets in the ground. As Russia's economy, and the economy of Asia moves into higher gear, much conversion will happen from oil to gas. Yesterday, Clinton as much as said that China will be isolated, and its energy supply in danger, unless it acquiesces to sanction Iran. In danger from whom? Direct land pipe between Russia and China make such threats questionable. I hope RT will use analysts that can either be balanced, or alternate between different views.

POST COMMENT

By posting your comment, you agree to abide by our posting rules


CAPTCHA image