Thursday, July 2, 2009

Grid Majic

The story below is, in my opinion, the crux of the matter regarding all the activity in Georgia. While there is a certain desire for renewed hegemony on Russia's part, it seems the real jewel that Georgia represents is a more concrete control of the gas supplies to Europe. Those European winters will be getting colder...

http://www.bloomberg.com/apps/news?pid=20601109&sid=aDk_.y4R59.E

Gazprom Seeks Global Deals to Build Gas Grid Encircling Europe

By Stephen Bierman
July 2 (Bloomberg) -- OAO Gazprom, the Russian company that ships a quarter of Europe’s gas, is seeking supply deals in the Caspian, Africa and around the world to anchor its lead in areas where European buyers may turn to rival producers...

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