Kremlin says no 'trick' in Russia-Algeria energy cooperation |
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Tue, 30 Jan 2007 13:58
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MOSCOW (AFX) - A Kremlin official rejected reports that Moscow would like to create an OPEC-style cartel of countries to supply the European Union with gas, saying there was no 'trick' in Russian relations with Algeria.'The European media reaction to the relations between Russia and Algeria is really not justified .... There's no trick for Europe in the development of relations between Russia and Algeria,' said President Vladimir Putin's adviser on relations with the EU, Sergei Yastrzhembsky.Russia's Gazprom and Algeria's Sonatrach energy companies are discussing 'the possibility of joint extraction and transportation of gas, possibly exchange of assets -- the kind of cooperation that Gazprom long ago began developing with European companies,' Yastrzhembsky told a news conference.'Such a nervous reaction is mainly connected with competitive notions of the danger of competition from Gazprom and others, that Russian companies will act more effectively in Algeria than European companies,' he said.Meanwhile, Yastrzhembsky said that a Russia-EU summit would take place May 17-18 in the southern Russian city of Samara.His comments on an OPEC-style cartel follow a visit by Russian Energy Minister Viktor Khristenko to Algeria earlier in January to discuss joint development and energy infrastructure and resources.newsdesk@afxnews.comafp/gpCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Algeria, Russia set to strengthen energy cooperation 