Monday, June 18, 2007
There are fears that, after almost four years of negotiations, the British-Russian joint company TNK-BP will be forced to cede control of the Kovytka gas field to Russia's state-controlled energy giant Gazprom.
Russia has said that TNK-BP is not producing enough gas from the field and is therefore not complying with production obligations. "How long should we tolerate it if participants of that consortium do nothing to meet the license obligations?" Putin asked on June 5. The Russian president didn't mention that TNK-BP has repeatedly said that the reason it can not meet license obligations is that Gazprom has blocked a plan to build a gas pipeline to China.
Russia has said that TNK-BP is not producing enough gas from the field and is therefore not complying with production obligations. "How long should we tolerate it if participants of that consortium do nothing to meet the license obligations?" Putin asked on June 5. The Russian president didn't mention that TNK-BP has repeatedly said that the reason it can not meet license obligations is that Gazprom has blocked a plan to build a gas pipeline to China.
Details : RadioFreeEurope
Labels: Energy, Exploration, Gas, News, Pipeline, Production