Gazprom, the Russian energy giant, has annoounced plans to ramp up its U.S. operations while dealing with anti-oligarch/business sentiment as ilustrated by a recent blockade of their offices in St. Petersburg by the National Bolshivek Party as documented in the above video.
Americans may be interested to know that in the next ten years up to 10% of natural gas supplies may be coming from Gazprom:
"HOUSTON -- The new trading desk in North America for Gazprom, the largest producer of natural gas in the world, sits halfway up the 56-story Bank of America tower in the heart of the America's energy capital. So far, the office, which started trading contracts last week for the first time, is quiet. That won't last.
"Our target for volume growth is pretty strong," says John Hattenberger, president of Gazprom Marketing & Trading USA, an arm of the Russian behemoth that claims 17% of the world’s natural gas reserves. "If we could hit 5% [of the U.S. market] in the next five years, that would be about right. In 10 years, I think we could get to 10%." U.S. demand for natural gas is about 60 billion cubic feet a day."
Meanwhile back in Russia a proposed 1200 ft. high skyscraper for Gazprom has drawn vigorous opposition from a wide slice of popular opinion who have a deeper sense of history and aesthetics than your average oligarch.
No comments:
Post a Comment