A quiet deal between the U.S. and Russia could change the landscape and the entire power structure in the energy markets.
Liquefied natural gas (LNG) from Russia, could be on its way to the U.S. by 2008. According to the Moscow Times, the controversial Sakhalin field could be fully operational by then, making the Murmansk port a key cog in the Russian LNG industry.
The Russian daily reported: "The legendary sea-faring route from the United States across the Atlantic to Russia's northern
city of Murmansk, through which vital supplies went to the Soviet Union some 60 years ago to help the country fight in World War II, is looking to get a new breath of life. This time, however, the traffic is going to be reversed, shipping liquefied natural gas, or LNG, from Russia to energy-hungry North America."
According to the Times, hurricane Katrina was a wake up call for Washington, leading to a new focus on negotiations. "The hurricane seems to have given new impetus to the energy dialogue between Washington and Moscow. It has also given Russia a chance to flex its muscles in its pursuit of a role as an energy superpower -- even if Russia is yet to produce its first LNG."
http://www.rigzone.com/news/article.asp?a_id=26288Some pressure to the supplier side might also bring results. One suggestion might be the rule of law in Russia regarding Canadian investments.