BP teams up with Rosneft to bring more Russian gas to Europe

via NOT A LOT OF PEOPLE KNOW THAT
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By Paul Homewood

Back to the day job!

While the EU is working itself up into a lather about the wicked Trump, BP and Rosneft are making sure that Russian gas keeps flowing to it:

By Jillian Ambrose

BP has signed a deal with Rosneft to bring a new stream of Russian gas to European energy companies by the end of the decade.

Executives from BP and the Russia oil giant met in St Petersburg on Friday to sign a memorandum of understanding that could pave the way for new gas exploration and production projects in Russia.

Under the terms of the deal BP’s gas trading business will also enter into a long-term supply agreement with Rosneft to bring more Russian gas to the European market from 2019.

Earlier this year BP, which owns almost a fifth of Rosneft, said it could receive supplies of between 7 billion and 20 billion cubic metres of gas a year from Rosneft, but only if Russian President Vladimir Putin agrees to break the monopoly hold of state-backed gas giant Gazprom.

Currently Gazprom holds exclusive rights for pipeline gas exports for Russia.

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It was only a few hours ago that young Jillian was warning us about rising sea levels, severe weather events, and food shortages, if we carried on burning nasty fossil fuels.

Perhaps the good Frau would like to take the lead by turning the valve off on Russian gas and relying on windmills instead!