Search

 

Cablegate: Gazprom and Latvijas Gaze Agree On New Natural Gas Supply

VZCZCXRO7663
PP RUEHAG RUEHAST RUEHDA RUEHDF RUEHFL RUEHIK RUEHKW RUEHLA RUEHLN
RUEHLZ RUEHPOD RUEHROV RUEHSR RUEHVK RUEHYG
DE RUEHRA #0930 3551101
ZNR UUUUU ZZH
P 211101Z DEC 07
FM AMEMBASSY RIGA
TO RUEHC/SECSTATE WASHDC PRIORITY 4609
INFO RUEHZL/EUROPEAN POLITICAL COLLECTIVE
RUCPDOC/DEPT OF COMMERCE WASHDC
RUEATRS/DEPT OF TREASURY WASHDC

UNCLAS RIGA 000930

SIPDIS

SIPDIS

E.O. 12958: N/A
TAGS: ENRG EPET ECON PREL RS LG
SUBJECT: Gazprom and Latvijas Gaze agree on new natural gas supply
contract

1. Latvijas Gaze (LG), the central natural gas provider in Latvia,
announced on December 14 that it had reached agreement on a new
supply contract with Gazprom for 2008-2010. In line with Gazprom's
pricing policy and its efforts to even out gas prices across Europe,
the new tariff for Latvia will be higher than in previous years.
The rate will be in part tied to the global price of oil, and LG
projects an overall increase of up to 50% relative to 2007.

2. Andris Piebalgs, the European Commissioner for Energy and a
native Latvian, in a recent interview with Diena, Latvia's largest
newspaper, expressed concerns about Latvia's firm opposition to EU
initiatives on dividing up energy markets and limiting monopolistic
behavior. Piebalgs stressed that Latvia should be working on
decreasing its dependency on a single energy provider, not vice
versa. Piebalgs specifically criticized Latvia's resistance to the
so-called "Gazprom clause" that calls for separation of energy
production and the ownership of supply infrastructure, such as
pipelines. He noted that the clause would help Latvia decrease its
dependency on its only natural gas supplier - Gazprom, and added
that not having control over the supply infrastructure will prevent
Latvia from choosing an alternative natural gas supplier in the
future.

SELDOWITZ

© Scoop Media

 
 
 
World Headlines

 

Gordon Campbell: On The Washington Riot And The Georgia Results
Hong Kong and Washington DC. On the same morning, the tyrants in power in Beijing and their counterpart in the White House have shown how they refuse to accept the legitimacy of any different points of view, and the prospect of losing power… More>>

WHO: Vaccination No Guarantee Of Virus Eradication

In the final World Health Organization (WHO) COVID-19 press conference of the year, on Monday, senior officials warned that the virus is 'not necessarily the big one', and that there is a real chance of another, more serious pandemic spreading ... More>>

Covid: Two Billion COVID Vaccine Doses Secured, WHO Says End Of Pandemic Is In Sight

The end of the pandemic is in sight but we must not let our guard down, the head of the World Health Organization (WHO) said on Friday, as he welcomed the news that the global vaccine partnership COVAX has lined up almost two billion doses of existing ... More>>

UN: Guterres To Seek Second Five-year Term
António Guterres will be seeking a second five-year term as UN Secretary-General, which would begin in January 2022.... More>>


UN Rights Office: Iran Execution Of Child Offender Breaks International Law

The execution of an Iranian man for a crime allegedly committed when he was 16 years old has been condemned by the UN Human Rights Office (OHCHR) and raised concerns over violations of his right to a fair trial. In a statement released on Thursday, ... More>>

UN News: Fighting Displaces Over 500,000 In Northern Mozambique, Reports UN Refuge Agency

Attacks by armed groups in Mozambique’s Cabo Delgado, Nampula, Zambezia and Niassa provinces have displaced more than 530,000 people, many of whom have been forced to move multiple times, the UN refugee agency (UNHCR) said on Friday. According to ... More>>