EXTRACT: The solution for the NOCs is to get closer to the customers and cut out the middlemen. So they bar the door to Big Oil, denying multinationals, such as Exxon and Shell, the right to drill gas wells, and at the same time they court gas buyers, such as Centrica, GdF and E.ON.
THE ARTICLE
May 9, 2007
Carl Mortished: European Briefing
In the “to do” pile on Nicolas Sarkozy’s desk will be a file marked Suez-Gaz de France, last year’s politico-industrial football.
The merger of the two utilities was suspended by the French courts for procedural reasons until after the presidential elections. Having won the contest, Mr Sarkozy has pressing matters to contend with – legislative elections and mass redundancies at Airbus – but he cannot leave Suez-GdF in the balance for too long because these markets are moving at frightening speed. A big priority for an economic nationalist such as Mr Sarkozy is to ensure that France is at the top table in any carve-up of European energy markets. read more
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