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Thursday, January 17, 2008

Russia's proposed gas deal with Serbia would give Moscow greater energy control

BELGRADE, Serbia – Plans by OAO Gazprom to take over a Serbian state oil monopoly would tighten the Russian natural gas company's already strong grip on Europe's energy market.
The deal, which could be signed Friday, is raising concern in the European Union, which has sought in recent years to limit its energy dependence on Moscow.

The sale of Oil Industry of Serbia, or NIS, is being offered solely to state-run Gazprom and at a below-market price. In return, Russia would agree to route a significant portion of a planned gas pipeline through Serbia, which stands to benefit from the transit fees on supplies being shipped to westward points in Europe..........

Read full Article
http://www.signonsandiego.com/news/world/20080114-1055-serbia-russia-gasdeal.html



This shows how hard Europe is working to conserve gas, compared to the U.S. While Europe has agreed to " route a significant portion of a planned gas pipeline through Serbia, which stands to benefit from the transit fees on supplies being shipped to westward points in Europe." All the United States is doing is making cars that take less fuel, which in comparison to Europe it does not meet standards.

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