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Peakoil.com :: View topic - BBC Today
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BBC Today

 
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PWALPOCO
Heavy Crude
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Joined: Oct 02, 2005
Posts: 282
Location: North Wales , UK

PostPosted: Wed Jun 21, 2006 12:14 pm    Post subject: BBC Today Add User to Ignore List Reply with quote

An interesting news snippet appeared on the Radar today though I dont think anyone here has mentioned it here ....

Turkmen to Gazprom !! Pay Up !!

I imagine the alarmbells arent sounding just yet as its summertime , the sun is shining , the days are long and attention is on Germany and the World Cup.

Essentially a supplier to our freinds Gazprom in Russia has said it wants more money for its NG. Of course , Russia isnt too worried as it has pointed out that the Turkmen gas is sold for export anyway so the end user will probably have to pay .....

And the end users ? Well , its the Ukraine (again) , and it was their failure to meet Gazproms demands that led to last winters crisis. The previous dispute was resolved when the Ukraine sought part of their gas from the cheaper Turkmen supply via Russia.

In the meantime UK utilities company Centrica are going forward with their gas gobbling NG Powerstation, no doubt relying on the "exported" Russian Gas , and probably at the Turkmen enhanced prices !!!

Undoubtedly this will either all be resolved by autumn when the UK will once again be "awash with gas" , or it will be big price hike crisis time one a cold snap happens.

Watch this space !!

Paul
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lutherquick
Intermediate Crude
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Joined: Feb 04, 2005
Posts: 541
Location: NJ

PostPosted: Wed Jun 21, 2006 12:57 pm    Post subject: Re: BBC Today Add User to Ignore List Reply with quote

The Turkmen gas co are doing this all wrong...
They look like bad old capitalists now...

What they need to do is just pretend they are running out of gas... Like Gazprom... then the price goes up on the world market... It's true that many gas prices are set by contract, not market price, but as those contracts expire, everyone needs (Russia and CIS gas producing freinds) to just turn down the valves and watch how fast the price goes up...

Turkmen gas companies need to watch America, need to watch Bush, and copy the lies, side steping, and dancing... Turkmen gas co need not be honest and emotional...

A few gas pipe explosions, some "extra" maineneance and BINGO, Gazprom will pass the buck and everyone that has gas will make a killing.
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lateStarter
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Joined: Apr 06, 2005
Posts: 987
Location: 38 km west of Warsaw, Poland

PostPosted: Wed Jun 21, 2006 1:20 pm    Post subject: Re: BBC Today Add User to Ignore List Reply with quote

Actually, I was under the impression recently that suppliers of NG have no problem tearing-up the existing contract, stating that the terms are no longer acceptable. What options do you have if you are on the rcvg end? None. Face a freezing populace or cough up the cash...

And I agree with LQ. If I was a producer nation, I would throttle back on production. Why sell it now, when you can sell it for 2 or 3 times as much in the very near future? Isn't that what it is all about (sadly)?
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Peakprepper
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Joined: Jun 15, 2006
Posts: 104

PostPosted: Wed Jun 21, 2006 2:39 pm    Post subject: Re: BBC Today Add User to Ignore List Reply with quote

... but did you see this headline next to it?

Russia's Gazprom eyes British Gas:

http://news.bbc.co.uk/1/hi/business/4945366.stm

Rather worrying...
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airstrip1
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Joined: Aug 15, 2004
Posts: 311

PostPosted: Wed Jun 21, 2006 4:26 pm    Post subject: Re: BBC Today Add User to Ignore List Reply with quote

Peakprepper wrote:
... but did you see this headline next to it?

Russia's Gazprom eyes British Gas:

http://news.bbc.co.uk/1/hi/business/4945366.stm

Rather worrying...


This story keeps going the rounds in the press but no bid ever seems to materialise. This is probably not due to British government opposition but because Gazprom has absolutely no interest in purchasing Centrica. After all it does not need to buy customers for its product by taking over a UK utility company. There is already plenty of demand for Russian gas in the market place. As for Centrica's own gas reserves they are largely concentrated in the Morecambe field that is already depleting rapidly. Gazprom simply does not need it.
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lutherquick
Intermediate Crude
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Joined: Feb 04, 2005
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Location: NJ

PostPosted: Wed Jun 21, 2006 6:50 pm    Post subject: Re: BBC Today Add User to Ignore List Reply with quote

Peakprepper,

You said "Rather worrying..."

I ask why?
Why are you scared of Gazprom?

This is a dog eat dog world. Right now Gazprom has a full plate, England's dog bowl is empty, it's Russia and Gazprom that should be worried. It's the west that is sniffing Russia's energy.

Chechnya, and Beslan are things that I think of when you realize England is low on gas... The West has done some very bad things in supporting terrorists in the Russia Federation because their dog bowl is empty.

America, the UK, and EU, they keep eyeing Russia's energy, that makes me MORE worried...

If I can make an analogy, Russia is eating a nice piece of stake, and has plenty in the fridge, England is a starving Ethiopian dog, who do you think will attack? Who do you think will innovate and go chasing for wmd in Iraq? Who do you think will be pumping NGO money and doing the heavy lifting in the marketing and propaganda spheres? And guess what, when England tries to wrap her teeth around Russia's neck, she will mumble words of democracy, and human rights... I think what scares England is that they know democracy and energy are in separable... I think they know what savages will be born in the west as energy runs low. If you have energy, then you have the option of a great economy, and then democracy follows. No energy, no democracy. England should be afraid of itself.
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Peakprepper
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Joined: Jun 15, 2006
Posts: 104

PostPosted: Fri Jun 23, 2006 5:06 pm    Post subject: Re: BBC Today Add User to Ignore List Reply with quote

Why are you scared of Gazprom?

- I am not scared of gazprom, I am concerned that several of the UK's key interests are falling prey to foreign Companies.

Am I right in guessing you are a Russian now living in New Jersey?
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