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Dziennik Gazeta Prawna - Poland | Thursday, July 14, 2011

Russia wants European energy stake

The Russian concern Gazprom is currently negotiating for a share of the German energy concern RWE. The conservative daily Dziennik Gazeta Prawna believes that Russia would like to acquire shares in companies in western Europe in order to control the market there: "By buying RWE shares the managers of Gazprom want to kill two birds with one stone. They want to undermine the third EU energy package, which envisages a liberalisation of the market. And they want to acquire a share in the Nabucco pipeline project which was originally supposed to make Europe independent of Russian gas. It is hard to imagine that if Russia were to become a majority shareholder in RWE, the company would pursue a project that constitutes competition for Moscow. Acquiring a share in the ownership structures of RWE is one of the Russians' classic geostrategic games."

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