№3 March 2012Table of contents Issue Archive
It's MIOGE Time Again with a New Event by ROSING
Pat Davis Szymczak
If it's an odd numbered year - like 2007 - we call it MIOGE. If it's an even numbered year - like 2008 - we call it Neftegaz. But either way, if we're in the month of June we know that the world of oil and gas will soon be descending on Moscow and if you haven't yet booked hotel...
Russian gas monopoly Gazprom decided to enhance its investment program for 2007 announcing Friday a 47% increase in investment bringing it up to RUR 779 ($30.6 billion) billion in a move approved by the world’s largest natural gas producer’s board of directors.
Despite making a series of statements to the contrary, Gazprom has finally admitted that it needs more partners to realize its Shtokman vision.
Belarusian President Alexander Lukashenko has ordered the $460 million Belarus owes Gazprom to be taken out of the country’s reserves. Before making the first payment, Lukashenko accused Moscow of wanting to “privatize enterprises… for free” and said he would not permit his Prime Minister to visit Moscow again after his recent “humiliation”.