Word: gazprom
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...Russia raised gas prices and demanded that Belarus give up control of gas transit from Russia to Europe - about 20% of Russian gas exports to Europe go through Belarus, and so Russia wants to take over Beltransgaz, the state-run operator of Belarus' gas-pipeline network. (Read "Russia's Gazprom Diplomacy: Turning Off Europe's Heat...
...hysterics do not in the end spoil work on the collective rapid-reaction force [the CSTO]." But the milk wars are threatening to sour further. In March, Russia and Belarus made a verbal agreement allowing Belarus concessions on the contract-listed gas prices that Russia charges. But on Monday, Gazprom spokesperson Sergei Kupriyanov told Russian daily Kommersant that the existing contract was never altered, meaning Belarus would have to pay $210 per 1,000 cu m of gas rather than the $150 that was agreed upon - a crippling amount for a country that's already $5 billion in debt...
...military hardware - to cut a series of clever deals. In 2006, for example, then President Vladimir Putin flew a delegation of oil, gas and defense executives to Algeria. Putin negotiated to sell $7.5 billion worth of combat jets, missiles and tanks to the government, while Russian energy giants Gazprom and Lukoil secured key oil and gas concessions in the North African nation. And Putin offered an extra sweetener: he wrote off Algeria's near $5 billion Soviet-era debt. Then there was the deal Putin cut with Libya just before he stepped down from the presidency to become Prime Minister...
...plans to diversify its energy supplies - another objective that looks more urgent after the Russia-Ukraine gas battle in January that left people in some E.U. countries freezing and factories idle. Currently, the E.U. gets more than 40% of its gas imports from just one company: Russia's giant Gazprom. In addition, almost all the gas that comes to Europe from the resource-rich Caspian flows through Gazprom's pipelines. Yet the long-planned Nabucco pipeline - designed to transport Azerbaijani, Turkmen and, maybe one day, Iranian and Iraqi gas to the E.U. through Turkey - is stuck at the planning stage...
...From 2000 to 2008, he served on the board of the state-controlled firm Gazprom, Russia's largest company and the world's largest extractor of natural gas. The company has frequently become embroiled in payment disputes with Ukraine, which relies on Gazprom for its gas supply...