Monthly Archives: September 2012

The cancellation of the Shtokman LNG project by Gazprom was bad (if not totally unexpected) news for Gazprom.  The company will now be even more dependent on selling pipeline gas into northern Europe.  That will put pressure on prices and could squeeze out other suppliers in areas where Russia has particular political leverage – such as Germany.   The more important consequence though is that the decision will force a reappraisal of several other LNG projects around the world which have been relying on ever rising gas prices. Read more

Short of appointing Jessica Ennis as head of government relations it is hard to think what more EDF could have done to get the UK government to give them the go-ahead to develop new nuclear power stations in the UK.  But still no decision has been taken on the crucial issue of pricing structures.  Almost every other potential investor has tired of waiting and pulled out of the game.  How much longer will EDF wait ? Read more