Article - December 2009 Issue

The $12.9 billion South Stream project is “wasteful” and “unnecessary”

We [Gazprom] expect gas sales to Europe in 2010 to be flat compared to 2009

By March 2011, SOCAR and Botas will agree on exports from Shah Deniz phase-2 and on transit

There was insufficient basis to arrive at a positive investment decision

Gas export revenues would be shared and available to the whole of Iraq

LTCs are out of the money. They need to be re-engineered, not just renegotiated

Altech is aiming to take FID on the Pechiora LNG project in late 2011

This year's overall health and safety picture is simply not good enough

By 2012, the pre-crisis gas price level will be reached once again

Shareholders are responsible to contract the gas for Nabucco

An EEX gas index would make an independent price formation of LTCs possible

For safety reasons, we need supplies from Nabucco in the north and from the TAP in the south

Douala suffers from severe energy constraints and a lack of refined product

Lebanon is a long way behind its neighbour in planning for the production of new gas finds

FID on Yamal LNG should be taken by the end of 2012, or early 2013 at the latest