Related Articles
Leaders
Forward article link
Share PDF with colleagues

Be afraid, be very afraid

IT SHOULD be no surprise that Gazprom has bullied its way into Sakhalin Energy. Moscow has an all-consuming interest in controlling energy flows and projects. Its destruction of Yukos and orchestrated transfer of the company's main producing asset to a state-owned company stands out as an indication of the lengths to which the Kremlin is prepared to go to achieve that end. The government had also made clear its contempt for production-sharing agreements (PSAs). Its distaste was intensified by Sakhalin Energy's cost overruns, which will significantly delay royalty and tax payments to the state, because, under PSA terms, the investor is allowed to recoup costs first. In the government's defe

Also in this section
Uganda's ambitious oil-export timetable
26 April 2017
The government's keen, the companies are willing—is Uganda's oil boom finally on the way?
Sustainable energy: Learning from the success stories
19 April 2017
Sharing good examples is the key to change SEforALL’s Rachel Kyte tells World Energy Focus
Nigeria: Back to the future?
19 April 2017
The government faces some tough decisions as it decides how to handle the corruption allegations surrounding the acquisition by Shell and Eni of offshore block OPL 245