Perhaps related to this:
Posted by Matt in July 13th, 2008
This is example of Russian energy mercantilism. Russia locks up energy resources from other countries and takes it off the world market. Russia gains power at the expense of other countries.
Monday, July 14th, 2008
Gazprom Keeps the Heat on Europe by Pressing Libya
By Jason Simpkins
Associate Editor
OAO Gazprom, Russia’s state- sponsored gas monopoly, is offering to buy all of Libya’s oil and gas exports in a bid to increase its dominance over Europe’s gas market and enhance Russia’s political clout throughout the region.
Alexei Miller, Gazprom’s chief executive, made the offer on July 9th at a meeting with Libya’s head of state, Muammer Gaddafi.
"Libya positively evaluated Gazprom’s proposition to buy all future volumes of gas, oil, and
designed for export at market price," Gazprom said in a statement after the meeting.
...snip...
Gazprom, which controls 25% of Europe’s gas supply, is looking to strengthen its position as a supplier by seizing control of a possible alternative. Western interests are seeking to diversify away from the unreliable Gazprom, which has routinely jacked prices and cut off supplies to the region as a means of exerting political leverage over its customers...cont'd
http://www.moneymorning.com/2008/07/14/gazprom/