Word: gazprom
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Passions were riding high Jan. 8, as the hockey team of Russia's state-run energy giant Gazprom locked horns with the Belarus national team in the final game of the annual Belarus President's international hockey tournament in Minsk. In a desperate moment, a Belarusian tripped the Gazprom captain with his stick, but the Russian scrambled back to his feet to pass the puck in a lightning movement that led to a goal. Gazprom won the game 4-3, and the cup. And well it should, smiled the Gazprom captain Alexander Medvedev, 51, because Gazprom always wins...
...death, his erstwhile Chief of Staff Sergei Filatov told a Russian web site that Yeltsin had confided his unhappiness with Putin dismantling everything he had created and stood for. Putin's policies, said Filatov, chagrined Yeltsin to the point of expediting his demise. This week, Komsomolskaya Pravda, a Gazprom-owned, heavily pro-Kremlin Moscow daily, ran its list of Yeltsin's top mistakes and top achievements, "built on our audiences' opinions." It held that his biggest mistake was dissolving the Soviet Union. And that his last great achievement was handing over power to Putin. If Russians are thinking this...
...having discussions with Gazprom now. Russia would like access to the U.S. market, and obviously you can't ignore them. But we're also seeing things like the government forcing Shell into a corner and giving up a lucrative project. So any relationship will have to be carefully thought through...
...plus the rocketing economies of China and India. That necessity is a powerful weapon in this new battle. Shortly before Christmas, Russian President Vladimir Putin forced Royal Dutch Shell to cede control of Sakhalin II, the world's biggest oil and gas project, to the state-owned giant Gazprom, opening the North Pacific island's vast resources to Asian markets. The $7.45 billion price was small to Gazprom, whose value has soared from $9 billion in 2000 to $270 billion today, after years of record energy prices...
...unfavorable terms" to which Belarus finally agreed include prices only 5% less than Gazprom's initial demand, and more than double that which Belarus has paid since 2005. The country was also forced to sell 50% of its national gas pipeline operator Beltransgaz to the Russian gas company. The concessions will hurt. Lukashenko has propped up the Belarusan economy with Russian fuel and once was tipped to occupy the Kremlin himself. That seemed realistic as he cozied up to an ailing Boris Yeltsin. When Vladimir Putin took Russia's helm, Lukashenko's chances were dashed, and with them, one reason...