Tuesday September 26, 2006

Russia sets the pace in energy race

peakoil.com -> atimes.com :

Richard Lugar, chairman of the US Senate Foreign Relations Committee, characterized Venezuela, Iran and Russia as "adversarial regimes" that were using energy supplies as "leverage" in foreign policy. Lugar said: "We are used to thinking in terms of conventional warfare between nations, but energy is becoming a weapon of choice for those who possess it." The fact is that the Bush administration, which has been long on words over international energy diplomacy and has been short on results, finds itself at the receiving end from effective, calibrated, purposeful Russian energy diplomacy in recent months.

As yet another winter season advances, Europe's dependence on gas supplies through Russian pipelines remains undiminished. Equally, it cannot escape Moscow's estimation that a panic demand for gas in Europe, thanks to recent apprehensions about gas shortages, is bound to send gas prices even higher. A Russian commentator wrote with satisfaction recently, "Today, Europe's major energy concerns are lining up to extend long-term contracts with Gazprom."

See also :

1. Russia tightens grip on energy
2. The Kremlin and the world energy war
3. Singapore hopes for Russian LNG supplies

(2006-09-26 12:28:27 SGT) [Energy] Permalink

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