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News & Notes

Notes on headlines and reports

Sanctions bring the unexpected: Gazprom reaches out to Rosneft

In a move surprising to outside observers but which has received little attention in the European media, Gasprom has offered to allow its competitor Rosneft to borrow one of its drilling platforms for operations in the Kara Sea, after a planned joint project between Rosneft and ExxonMobile fell through as a result of US-imposed sanctions. 

Reuters sees in this move evidence of the contradictory effects being produced by the current set of sanctions, as the Russian political leadership draws state energy companies more closely within its sphere of control. In the lead-up to the sanctions, the West had announced its intention to loosen these tightening bonds and to nudge Russia on a new geo-political course.   

Incidentally, one can appreciate the degree to which Gazprom is constantly at work on new strategic options by looking at the often contradictory statements they issue, as, for example, with their recent announcement that they plan to delay the construction of a LNG terminal in Vladivostok and consider instead building a direct pipeline to Japan, as reported in the Moscow Times

»THE CRISIS IN THE CONCEPT OF THE

WORLD ORDER (IS) THE ULTIMATE

INTERNATIONAL PROBLEM OF OUR DAYS.«

Henry Kissinger,„World Order“, August 2014