Word: krutikhin
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...There may be an even simpler explanation for the new squeeze on Ukraine, however. "Gazprom is running out of gas reserves," maintains Mikhail Krutikhin, partner and top analysts with RusEnergy, a respected fuel realm Moscow-based analytic service. He notes that the company did not offer any supplies for sale on the most recent auction in Russia's small domestic commercial market, and explains that during its 15-year existence, Gazprom has commissioned just one new field, while rapidly depleted Soviet-era fields...
...what will Gazprom do if Ukraine simply pays its latest bill? "Most likely, it will accuse either Ukraine, or Belarus, or both or any other transitor of diverting its transits," Krutikhin says. If, indeed, Gazprom is running short of gas, the Ukraine price-hike could be just the beginning of a turbulent season on gas markets...
Medvedev's pro-Putin maneuvering and his willingness to leverage supply power has made him a top gun at Gazprom. And more important, he who controls Gazpromexport controls Gazprom, says Mikhail Krutikhin, chief analyst for RusEnergy, Russia's authoritative energy think tank. Though Gazprom CEO Alexei Miller is also a Putin man, Medvedev was installed directly by the Kremlin independently of Miller, Krutikhin maintains. Both toe the same line, but the Kremlin runs them separately. Mutual mistrust makes for cooperation, to paraphrase Stalin...
...executive. A Moscow court last Friday overruled the Kremlin's seizure of Yukos' core production unit. The government's strategy is to "play a cat-and-mouse game with the company" to drive down its market value and hope to buy its oil assets on the cheap, asserts Mikhail Krutikhin, an analyst at consultant RusEnergy. Oil users across the globe are trapped in the game...
...leaving the company with only $800 million, while former CEO Mikhail Khodorkovsky remains in jail on fraud charges widely thought to have a political motive. Not surprisingly, Yukos stock had fallen 10.7% by the end of the week. Says Mikhail Krutikhin, an analyst with RusEnergy: "My clients now have just a single question left. Who gets Yukos, once it bankrupts?" Apparently there is an answer. "We know that the successor has been picked - we still don't know exactly [who it is]," says a senior Russian Cabinet official. "The person does not matter, though. It's the type that does...
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