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I don't see how this can backfire for Gazprom. The whole world has no choice but to :
> review consumption habits
> increase investment in other sources of energy including renewables
But even then, we'll need all the gas we can get. And in any case, if that gas is cheaper than other sources of energy, you can be pretty damn sure that there'll be a market for it.
Gazprom can't lose on this. They only have to be prepared to sit it through... alternative routes they will get... the money the will pocket.
by vladimir on Tue Jan 13th, 2009 at 12:41:44 PM EST
Even if gas consumption is reduced, the reserves are there for future sales, probably at higher prices.

Putin appears to me to have played this game very well: Maximum pressure for non-Ukrainian pipelines and minimum pumping while prices are low.


paul spencer

by paul spencer (spencerinthegorge AT yahoo DOT com) on Tue Jan 13th, 2009 at 04:52:59 PM EST
[ Parent ]

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