Tag Archives: energy

Putin and energy diplomacy strategy

Prime Minister Vladimir Putin was in Paris for a two-day working visit. Before the visit’s formal events got underway, he had breakfast with former French President Jacques Chirac, held restricted-attendance talks with French Prime Minister Francois Fillon and participated in the 14th meeting of the Russian-French Commission on Bilateral Cooperation at the level of prime ministers. Prime ministers Putin and Fillon met with top managers from both Russian and French companies, signed the summary document of the 14th session of the Russian-French Commission and gave a joint press conference.

“Russian Prime Minister Vladimir Putin won another victory for his aggressive energy diplomacy strategy Friday, signing a deal bringing French investment to a pipeline project” reports AFP.

In a successful trip that worried Russia’s nervous neighbours, Putin also secured French investment to save the struggling Lada car maker and a promise that France will consider selling Moscow a huge amphibious assault ship.

I will return with an analysis on this subject.

Europe’s energy independence – where?

meetinggov_photo“Sergei Kiriyenko: Mr Putin, a major event is taking place today. The Tvel Corporation, which is part of Rosatom (Nuclear Energy State Corporation), is signing an agreement with the Slovak power utility Slovenske Elektrarne. This was a very important tender for us because this was the last point to be supplied by the American Westinghouse, which had ousted us from Eastern and Central Europe.

This tender was particularly difficult because Slovenske Elektrarne no longer belongs to the Slovak Government but is owned by the Italian energy provider Enel. Therefore, the contest took place in a market environment, without any political influence, and we came ahead of Westinghouse. I am glad to report, Mr Putin, that we have fully recovered the market of Eastern and Central Europe.

The contact covers all units in Slovakia, including those which are under construction now. In figures, this means 0.5 billion Euros by 2015, and then there will be an auction for the contact’s extension to the rest of the service life. This means several billion Euros, and complete return of Eastern Europe’s market.

Vladimir Putin: This last tender you’ve won – how much money will it bring?

Sergei Kiriyenko: Right now, the exact figure is half a billion Euros by 2015. All in all, it will bring us about four billion Euros, if we count the station’s entire service life.

Vladimir Putin: Excellent. My congratulations. “**

No comment.

** – extract from the meeting of the Russian Federation government 18.nov. 2008