Monday, December 22, 2008
Russia in Latin America
This all fits with an overall Russian strategy of wanting not only to develop and market Eurasian energy but to become a global middleman for energy in general.
The plans are ambitious; whether they move to the execution stage, however, remains to be seen.
The size and scope of the energy projects Russia is discussing in Latin America are impossibly Shtakanovite (the Hugoducto?). Gazprom didn't even have enough liquidity to finish their seizure of BP's stake in Kovykta.
Eurasian energy, on the other hand, is vitally to cover declining production at Russia's gas fields, and provide a lever of security and influence to Europe.