Russian meddling

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Now this is interesting - from Newsweek:

PUTIN IS FUNDING GREEN GROUPS TO DISCREDIT NATURAL GAS FRACKING
Forget about allegations of Russian interference in U.S. presidential elections for a moment, or even “collusion” between Russian officials and Trump campaign operatives.

The real action is in the European and U.S. energy markets, according to a letter from two Texas congressmen to Treasury Secretary Steven Mnuchin that details what they call “a covert anti-fracking campaign” with “little or no paper trail.”

A bit more:

Smith and Weber quote sources saying the Russian government has been colluding with environmental groups to circulate “disinformation” and “propaganda” aimed at undermining hydraulic fracturing. Commonly called fracking, the process makes it possible to access natural gas deposits.

Russia sells Natural Gas to the rest of their world. This is one of their larger sources of hard currency. They will do anything to prevent anyone else from tapping into this market. They have been selling Natural Gas and Propane to the USA and Canada for a long long time - here is an article from May 15th, 2008:

MTUSA to Subscribe for 100% of Capacity in North American LNG Terminal
Gazprom Marketing & Trading USA, Inc. (GMTUSA) and the Rabaska partners, Gaz Métro (TSX: GZM.UN), Enbridge Inc. (TSX, NYSE: ENB) and Gaz de France (Euronext Paris : GAZ) announced today that they have signed a Letter of Intent outlining the major terms under which GMTUSA will become an equity partner in the proposed Rabaska liquefied natural gas (LNG) regasification project and contract for 100 percent of the import terminal’s capacity. The parties expect to execute definitive agreements before the end of this year.

Using the Rabaska terminal, GMTUSA, a wholly owned subsidiary of OAO Gazprom, expects to import Russian LNG supplied from the Shtokman liquefaction project currently under development by OAO Gazprom, which anticipates initial production of LNG from Shtokman in 2014. The Shtokman gas and condensate field, discovered in 1988, is located in the central part of the Barents Sea, approximately 450 kilometers northeast of the city of Murmansk, Russia. The Rabaska terminal is designed to be capable of receiving, storing and re-gasifying imported LNG with a nominal natural gas send-out capacity of 500 million cubic feet per day.

Like I said, their natural gas industry is a major source of revenue for Russia and they will do anything to prevent anyone else from taking their rice bowl away - what's a couple million cash to some environmental groups. That is pocket change when you look at the money at stake.

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This page contains a single entry by DaveH published on April 16, 2018 3:01 PM.

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