Archive for the ‘energy’ Category

Nabucco – the alleged gas Holy Grail from the Caspian Sea to Europe, 4,000 kilometers from Turkey to Austria – is the perennial Pipelineistan soap opera.


As the Obama administration claims to welcome the peaceful rise of China on the world stage, recent policy shifts toward an American Pacific Century indicate a desire to maintain the capacity to project military force toward the emerging superpower. In addition to maintaining a permanent military presence in Northern Australia, the construction of an expansive military base on South Korea’s Jeju Island has indicated growing antagonism towards Beijing. The base maintains the capacity to host up to twenty American and South Korean warships, including submarines, aircraft carriers and destroyers once completed in 2014 – in addition to the presence of Aegis anti-ballistic systems. In response, Chinese leadership has referred to the increasing militarization in the region as an open provocation.



Russia’s Gazprom, the world’s biggest energy conglomerate, is reportedly  sending top executives to Israel to discuss a partnership in the country’s  offshore gas fields, a move likely to heighten tension over an energy bonanza in  the eastern Mediterranean.

Ynet, the English-language Web site of Israel’s Yediot Ahronot  mass-circulation Hebrew daily, said a Gazprom team has scheduled meetings with  the consortium that made major strikes in 2009-10 and expects to make more.

This consists of the Noble Energy Inc. of Houston and Israel’s Delek Group  headed by tycoon Yitzhak Tshuva.

The Russians reportedly are interested in a partnership in the Leviathan  field, the biggest gas zone found so far in Israel’s exclusive economic zone. It  contains an estimated 16 trillion cubic feet of gas. The next biggest field is  Tamar, which contains an estimated 8 tcf.

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In the bowels of power in every country right now there is a map with a target painted on the Levant Basin. Look for this area to be warzone soon.

TEHRAN – The National Iranian Oil Company (NIOC) has set conditions on the biggest oil firms in Britain and France for buying Iranian crude.

The NIOC managing director said France’s Total and the UK’s Shell and BP will be subject to the conditions if they wish to purchase oil from Iran.

Also see:

In essence ladies and gentelmen,  THIS is what I like to call “Suck It” diplomacy. Iran is basically saying “Stop insulting us with sanctions. We want to sell you oil, but now we have to have you sign an agreement that states you have to buy crude from us for a while, you must pay for that crude, and you can’t get out of the contract”.

I can’t blame them. Business is business.