June 2013

Nabucco is dead – but thats what fossils are

Wouldn’t it make sense to try bringing the incredible gas wealth of the Middle East and the Caspain Sea to well paying European customers? OK, back to the moment when OMV was in heavy labor, just about to give birth to the Nabucco idea. Europe was a big fat gas pie for the newly liberalized Gas market players.
The market grew to infinite proportions (at least in our wet dreams) and it was believed that no matter what volume of gas one threw at it, the market would gobble it up voraciously.

Lessons from Shtokman

While the world was having a beauty sleep an earth moving event sent ripples through the Barents Sea – and made the infantile dreams of the classical energy monopolist in Europe (trust me – they are still an abundant species but they have learned to don the market gloves) a little less sweaty.