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Gas Investment Markets Russia and the global economy

A look at Nabucco and South Stream

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Published 13 July, 2009, 16:28

With Turkey and 4 EU states signing up to supply Caspian region gas to Europe, RT spoke with Vitaly Ermakov, Director of Cambridge Energy Research Associates, about the implications for Russia’s South Stream project.

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09:41 Turkey offers assistance in Iran nuclear issue

09:41 Iran's nuclear program

08:50 Death toll from flu epidemic in Ukraine rises to 374

08:02 Several Palestinians wounded in Israeli air strikes on Gaza

07:02 Police kill militant in south Russia

06:00 Michael Jackson's white glove sells for $350,000 in New York

05:11 Obama as seen by Russians

05:05 Bus collides with truck in Brazil, 3 killed, 31 injured

RT asks

With gold prices hitting all time highs should Russia to be thinking of selling some of its reserves?

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German government renews backing for Magna - Sberbank Opel bid German Chancellor, Angela Merkel, gave strong support for the Russian-Canadian bid for car maker Opel, when she hosted the Russian President in Munich, as the deal hangs in the balance.

Mosenergo posts 1Q 2009 Net profit of 5.27 billion Roubles Moscow electricity generator, Mosenergo, has posted a 1Q 2009 Net profit of 5.27 billion Roubles under IFRS.

Auchan to push ahead with Russian expansion Leading international retailer, France based Auchan, says it is not planning on pare its Russian expansion plans with another 6 stores to open this year. RT spoke with Board Member of Auchan Russia, Ludovic Holinier.

NPL’s cast shadow over Russian banking If bad loans in the U.S. drove the first wave of the global financial crisis, now Russia's own problems are raising fears of a second wave with a rising number of non performing loans for Russian banks.

Russia Europe business ties: Dr Frank Schauff As Russian President, Dmitry Medvedev, visits Germany for talks with German Chancellor, Angela Merkel, RT spoke with the CEO of Association of European businesses, Dr Frank Schauff, about trade between Russia and the EU.

Transgarant posts FY 2008 Net Profit of 160.5 million Roubles Leading Russian industrial railway transporter, Transgarant, has posted a FY 2008 Net Profit of 160.5 million Roubles under IFRS.

Gazprom investment strategy to focus on matching supply with demand While oil and gas firms spent 10% more on new assets worldwide in the first half of 2009 year on year, Gazprom in Russia sharply reduced its investment plan for the year.

Rouble returns to spotlight The Rouble has made its greatest gains against the dollar since March after 8 days of consecutive falls against the Central Bank's target rate and capital outflows from the country.

Sberbank posts 1Q 2009 Net Profit of 600 million Roubles Russia’s largest bank, Sberbank, has posted a 1Q 2009 Net Profit of 600 million Roubles under IFRS.

More starters move to the grid on Opel bidding Car parts producer Magna has cancelled a board meeting scheduled for Tuesday, postponing its decision on buying Opel. With the main bid now uncertain, other players have renewed their offers.

Nabucco go ahead brings rival for South Stream Turkey and four European Union countries have signed a deal to diversify Europe's gas supplies. The Nabucco pipeline is billed as bypassing Russia, but Gazprom has its own projects on the table.

Sin taxes set to rise as producers warn of impact President Medvedev's cabinet will discuss raising taxes on cigarettes, fuel and alcohol on Monday, in a move to cover the budget deficit.

Nabucco deal brings supply questions The Nabucco gas pipeline has come a step closer to reality 4 EU states signing a construction deal with Turkey. But Turkey's Energy Minister claims Russia could supply gas to the scheme, making it more feasible.

John Deere ploughs ground for the longer term The world's biggest farm machinery producer John Deere said this week Russia’s protectionist measures make the company more cautious with its investment into the country.

Currency issues take centre stage at G8 The final day of the G8 Summit has moved a step closer to creating a new world currency.

Mechel posts 1Q 2009 Net Loss of $691 million Russian steelmaker, Mechel, has posted a 1Q 2009 Net Loss of $691 million under U.S. GAAP.

Media business looks to soldier on through the gloom Russia’s media businesses have been hit hard by slumping advertising revenues and the devaluation of the Rouble. The short term outlook remains bleak, but a stronger industry will result.

The new financial system: Dennis Nally, PricewaterhouseCoopers With world leaders discussing what change to the financial system, PricewaterhouseCoopers Global Chairman Dennis Nally is saying it is already changing and its a matter of managing the changes required.

Russia ready to do the hard yards on G8 food promise The Food Safety Programme was set up by the G8 last year as a response to price rises, which lead to riots across the world. Russia is contributing food, but says the emphasis could now switch to investment in farming.

Business education hits a wall as MBA applicants opt elsewhere The demand for Russian MBA’s has slumped 50% this year, despite the introduction of discounts and flexible scheduling, with the economic downturn putting pressure on business education.

Opin Investments posts FY 2008 Net Loss of $61.07 million Russian property developer, Opin Investments, has posted a FY 2008 Net Loss of $61.07 million under IFRS.

G8 agenda goes first to climate, while economic stimulus remains for now The G8 countries have reiterated their commitment to cut their own carbon emissions by 50% by the year 2050.

Russia, the hurdle, and the WTO Russia and the U.S. currently have a trade turnover of $36 billion. A 35 year old U.S. law aimed at Soviet emigration policy is still holding back that potential, along with the latest twist in Russia's WTO bid.

U.S. Russia Business summit: Matthew Murray Following the meeting of Presidents Medvedev and Obama, RT and the joint Business summit, RT was joined by Matthew Murray, Executive Director with the Center for Business Ethics, to look at the outcomes.

Aeroflot posts FY 2008 Net Profit of $37 million Russian air flagship, Aeroflot, has posted a FY 2008 Net Profit of $37 million under IFRS.

G8 leaders to renew tackle on economic downturn G8 leaders meet in Italy on Wednesday, with key decisions needed on food security, financial regulation, and climate change. But, the ongoing economic crisis will be the major challenge under consideration.

U.S. stimulus measure forces NLMK to sack American workers NLMK claims that protectionist measures in the U.S. economic stimulus package are forcing it to sack American workers, and has taken President Obama’s Moscow visit to raise awareness.

Déjà vu in US-Russia ties After several years of steady downturn in relations, the US and Russia are now back to where they were 10 years ago, says Peter Necarsulmer, PNB company CEO.

In their own words: U.S. Russia business ties At the address by President’s Medvedev and Obama of business leaders from the Russian Union of Industrialists and Entrepreneurs and the American Chamber of Commerce, key figures talked up the future of business ties.

“Russia could definitely benefit from US help in IT” “This summit could help Russia get a little bit closer to the center of the world’s IT market, rather than staying on the periphery,” says Robert Farish, the Regional Director of research group IDC.

WTO – the elusive dream

Obama and Hu – moving towards

Let’s tax sunshine & marijuana – ideas from NY

“Next EU-Russia summits will take place according to the new rules”

United Russia party should change itself – Russian president

In condoms we trust: can contraceptives cool the planet?

Corruption clouds ability to address economic reform

Prime Ministers put on smiles to fend off new gas dispute

PPP puts toll roads into overdrive

Severstal posts 3Q 2009 Net Profit of $66 million

RusHydro to oversee reconstruction of Boguchansk hydropower plant

Russian car buyers drop gear to go down market

Wal-Mart resignation throws further light on competitive Russian retail market

Remembering Mstislav Rostropovich

The forbidden fruit of political irony in art

A-ha back in Russia to say goodbye

On Air

Skiing chiefs threaten Russian Olympic committee

Rubin claim Russian football crown for second consecutive year

Sarkozy apologizes for Henry’s handball skills

Remember the Large Hadron Collider? It’s alive & kicking!

Cannibals survived brain disease epidemic thanks to a mutation

Fusion power project launch date doubted

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