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His point is that Europe should embrace shale gas as an attractive domestic source of gas which would allow us to snub Gazprom, but that somehow we won't, because:

... because it would require us to take leave of our sanity?

Gazprom delivers reliable supplies. Using existing infrastructure. Which is fully amortised. Cheaper than fracking will ever be.

Why, precisely, is it that we should not want to trade with them, again?

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue May 31st, 2011 at 05:29:23 PM EST
they are evil and they say 'no' to us now and then on various topics and that is just not tolerable.

Wind power
by Jerome a Paris (etg@eurotrib.com) on Wed Jun 1st, 2011 at 04:06:43 AM EST
[ Parent ]
Oh, right. I forgot. They are evil for not honouring contracts that we got by bribing Yeltsin into giving us a fat cut of fields which GazProm has adequate capital and superior engineering expertise to develop. Clearly, this justifies using more expensive and dirtier domestically produced gas.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Jun 1st, 2011 at 07:29:42 AM EST
[ Parent ]
If this refers to Sakhalin (which you mentioned elsewhere recently), it's probably not the best exemple. Shell gained access to it in a reasonably clean way, and the later rebalancing of the shareholding was also a relatively fair thing in view of what had happened on the ground in the intervening years. And Gazprom is actually still unable to do LNG on its own for financial/contracting reasons more than for engineering reasons.

Now Yukos fits what you had in mind better...

Wind power

by Jerome a Paris (etg@eurotrib.com) on Thu Jun 2nd, 2011 at 04:30:13 AM EST
[ Parent ]

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