Friday, October 26, 2012

A couple of thoughts about energy independence

There has been much talk about energy independence in Lithuania. The Russian monopoly charges almost double the price for gas that it charges its Western European customers, and one is tempted to think that this is politics - just to show that without Russia these "midget states" (Putin's term, not mine) will not survive. That is why the Schroeder-Putin pipeline (aka Nordstream) was met with such distrust a few years ago.

However, hopefully this will end one day soon. There are significant shale gas deposits in Lithuania and other Baltic countries; and recently the US giant Chevron obtained a stake in a local company to explore for gas in Samogitia. Fracking, anyone?

No comments:

Post a Comment