Gazprom regarded the Kovykta project as a threat to its export monopoly, thus Moscow authorized the company to coordinate gas exports to the Asia-Pacific area.
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Money Doesn't Matter
Gazprom has little pockets but lots of clout...
Gazprom, the world's biggest gas company, has figured out how to get what it wants, especially when dealing the foreigners on its own turf.
The company wants a stake in TNK-BP's $18 billion project to export gas from the Kovykta field to China and South Korea. BP says that Gazprom is welcome to join, but only on "commercial" terms.
Problem is, Gazprom does not have the money to buy its way in, but it does have political clout. The Russian company this week signed a deal with the authorities in Irkutsk, home to the Kovykta field, that gives it more control over the region's gas industry.
Gazprom regarded the Kovykta project as a threat to its export monopoly, thus Moscow authorized the company to coordinate gas exports to the Asia-Pacific area.
Gazprom regarded the Kovykta project as a threat to its export monopoly, thus Moscow authorized the company to coordinate gas exports to the Asia-Pacific area.
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