Tag: Vladimir Putin

Kiran Stacey

In this week’s readers’ Q&A session, Alexander Medvedev, deputy chief executive of Gazprom, answers your questions.

In this second post, he answers questions on support from Vladimir Putin, the likelihood of a deal between South Stream and Nabucco and future Russian gas demand.

Earlier, he discussed changes to gas pricing, how reliable a partner his company is for EU countries and how Gazprom will respond to the shale gas boom.

Next in the hotseat are Terry Duffy and Craig Donohue, chairman and chief executive of the CME Group. They will be answering your oil-price related questions next Friday, February 25th. Send in your questions for consideration by the end of Sunday, February 20th to energysource@ft.com.

But for now, over to Alexander:

If anybody understands the difficulties of doing business in Russia it is BP chief executive Bob Dudley. in 2008, as head of the TNK-BP joint venture he had to flee the country in a bitter dispute with BP’s Russian partners.

So why is he now upping the ante - expanding its commitment to Russia with a separate $16bn tie-up with Rosneft, the state-controlled oil group? The answer is oil – the Arctic reserves at the heart of the deal could for the embattled group be a new North Sea.

Oil companies have to go where the oil is. And there is plenty of oil in Russia.

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