Energy Wire

Entries from Energy Wire tagged with 'Iran'

A New OPEC for Gas?

Russia, Iran and Qatar held talks in Tehran yesterday about forming a cartel for natural gas that would resemble the OPEC cartel for oil. But the structure of the natural gas business makes it unlikely that a gas OPEC would get off the ground anytime soon.

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Energy Giant Weighs In on Latest Developments

Paolo Scaroni, the chief executive of the Italian oil giant ENI, stopped by the Post this week and chatted about the state of the oil world. ENI's revenues place it among the world's biggest 25 companies of any kind. The company operates in 70 countries, with exploration and production operations from the Gulf of Mexico to Nigeria to Kazakhstan. Much of Europe's natural gas imports flow through its pipelines, and it retails gasoline under the AGIP brand.

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Plenty of Pipeline Options. All Bad

Commentators have been quick to point out that Russia's defeat of Georgia has pretty much killed the chances that new oil and gas pipelines will be built to increase the security of supplies to Europe. It's clear that there is little to stop Russia from rolling its forces up to the existing pipeline or knocking it out of commission if it wanted to. The Washington Post's Steve Pearlstein even suggested that demonstrating the pipeline's vulnerability may have been one of the underlying motives for the Russian incursion.

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