About

I'm an expat Californian who is obsessed with traveling to strange and exotic destinations in the former Communist Bloc. I also like tacos, surfing, and the geopolitics of oil. Washington, D.C. is currently my home, but I'm looking to break out of this fetid swamp someday. Read more about me here, check out my photo album, or send me an e-mail.

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Reading: Telex From Cuba

Watching: Nothing, really

Listening to: Jack's Mannequin, Rage Against the Machine, Arcade Fire, Gogol Bordello, The Clash

Playing: Soccer and Wiffleball (finally!)

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May 11, 2008

Gazprom: "the Kremlin’s wallet"

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Gazprom's Yuzhno-Russkoye gas field in the Yamal-Nenets Autonomous District of Russia

Today's edition of the NYTimes has a good overview of Gazprom, its relationship with the Kremlin, and the challenges the company faces in meeting growing demand for natural gas at both home and abroad. The accompanying photo gallery, "A Quest for Energy in Darkest Siberia", is also worth checking out.

With energy prices continuing to hit record highs, Gazprom is more influential than ever, both at home and abroad. Gazprom says that before 2014 it will surpass Exxon Mobil as the world’s largest publicly traded company — a goal that Mr. Medvedev himself endorsed before he became president.

[...]

Rich as it is, Gazprom faces big challenges in the Medvedev era.

Rising prices for steel, equipment and labor have caught the company at the outset of its largest capital program in two decades. Like other Russian companies, it invested little money maintaining or upgrading equipment in the 1990s. But the days of coasting on Soviet-era infrastructure are over, as output declines from fields first tapped in the 1970s.

To meet export commitments in Europe, as well as growing demand at home, Gazprom will have to spend at least $75 billion to bring its two largest fields in the Arctic into production within the next decade, according to Cambridge Energy Research Associates.

Yet exploring and extracting gas in a region where temperatures dip to 50 degrees below zero is technologically challenging, as well as expensive. Gazprom must build pipelines, gas processing plants, liquefied natural gas factories and a full panoply of supporting infrastructure like roads, railroads and ports. And to accomplish those feats, it moves thousands of tons of steel and heavy equipment to the middle of a vast, frozen swamp.

“The complexity and the size of it is what creates a huge challenge for Russia and for Gazprom,” said Vitaly V. Yermakov, director of research for the Russian and Caspian region at Cambridge Energy Research Associates.

gazprom_graph.gif

Future vacation destinations

7 Abandoned Wonders of the Former Soviet Union: Deserted Cities, Buildings, Bases and More and 7 (More) Abandoned Wonders of the Former Soviet Union: From Mining Towns to Oil Rig Cities.

I'd really like to visit Neft Daşları (Oil Rocks), located in the Caspian Sea about 45km offshore of Baku, but apparently getting permission from SOCAR is next to impossible.

May 10, 2008

This is how the Russians celebrate my birthday

victory_day_parade_2008_red_square.jpgvictory_day_parade_2008_soldiers.jpgvictory_day_parade_2008_soldiers_flags.jpgvictory_day_parade_2008_missile.jpg

Pretty cool, huh? Actually, this massive display of firepower was rolling through Red Square to celebrate Victory Day (День Победы), which commemorates the Soviet Union's defeat of Nazi Germany in the Great Patriotic War. This was the first time in 18 years that the Russians paraded their nuclear missile launchers across Red Square:

The United States expressed no alarm over the parade. Russia has become a leading global arms exporter again, but its wares are almost all items designed decades ago. A Pentagon spokesman, echoing a view common among military analysts, had characterized the planned military review as a hollow show of dated gear bearing fresh coats of paint.

“If they wish to take out their old equipment and take it for a spin and check it out,” said the spokesman, Geoff Morrell, “they’re more than welcome to do so.”

Oh, snap.

May 07, 2008

Nord Stream delays

Not at all surprising:

A pipeline that Russia and Germany want to build under the Baltic Sea is facing so much opposition and scrutiny that the pipeline company, Nord Stream, has yet to obtain a single construction permit from any of the countries surrounding the sea, according to government officials.

[...]

Since the announcement of the pipeline deal nearly three years ago, Nord Stream has been beset by problems. It has been forced to alter the routes because of a boundary dispute between Denmark and Poland. It has been refused access to Estonia’s territorial waters. And last month, Nord Stream abandoned the idea of building platforms to support the pipes after objections, based on environmental considerations, by Sweden.

The costs have also increased, from around 4.5 billion euros, or $7 billion, to about 7.4 billion euros, according to the company.

The financing can only be finalized once the company has agreed on the final route with the countries bordering the Baltic Sea. They include Denmark, Finland, Germany, Russia and Sweden, which have to issue the permits, and four other countries, Estonia, Latvia, Lithuania and Poland. As yet, Nord Stream has received no permits to start laying the pipes in the Baltic Sea.

May 05, 2008

Huh?

From an AP article reprinted in the Washington Post:

Forces from Georgia's breakaway region of Abkhazia shot down two unmanned Georgian spy planes over the territory Sunday, an Abkhazian official said.

Georgia denied the assertion and traded accusations with Russia, which is struggling with the West for influence in the country strategically located on the Caspian Sea. The two nations each say the incident indicates the other is preparing for war over the breakaway region.

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Dude, where's Georgia? NOT ON THE CASPIAN.

April 14, 2008

UES: "We're no Enron"

Unified Energy Systems of Russia, the behemoth responsible for keeping the lights on in Russia, will be disbanded and Russia's electricity tariffs liberalized. The Russians claim that, while formulating their path towards privatization, one of the incidents they've learned from was the California electricity crisis (although if Enron ever tried to mess with the grandmas of Russia like they did with ours in California, they'd have a hell of a lot of angry babushkas on their hands, and that ain't a pretty sight).

(on an interesting side note, ten years ago Enron CEO Ken Lay and UES CEO Boris Brevnov signed a "10-year strategic alliance" and $55 million joint financing project:

According to Brevnov, "This alliance with Enron will enable UES to combine our experience in power generation, transmission, marketing and distribution to identify joint projects in Russia, Europe and Central Asia. I'm pleased this first transaction will provide us with important funding to upgrade power links to our key export markets."

Enron's Ken Lay described the alliance and loan as an "important step in Enron's relationship with UES and in our company's long-term strategy to actively promote and participate in competitive energy markets world-wide. We are pleased to be in partnership with one of the world's largest power companies and to have signed our first commercial transaction with them. We look forward to working with UES to identify other projects that can take advantage of our finance expertise, risk management skills and generation and transmission development capabilities. We are also very optimistic that the rapidly liberalising markets in Russia, Europe and Central Asia will create new electricity trading and marketing opportunities for both of our companies."

Two months later, Brevnov left UES and eventually ended up with a job at...Enron - in the broadband unit, no less.

And now on with the NYTimes article:

The plan’s architects say they have raised $33.9 billion by creating a simple and obvious investment opportunity: the chance to sell heat and light to one of the world’s coldest and darkest countries. Moreover, the Russians say they have learned how to privatize their electricity market by watching the best example of failure: the Americans and Enron.

The Russian state electricity monopoly, Unified Energy Systems, will be disbanded on June 30 after spinning off dozens of subsidiaries and floating a portion of shares in those companies on the Russian stock market, then selling the balance at auctions.

To attract buyers and investors, Russian officials promise they will also liberalize electricity tariffs for industrial consumers by next January.

“From a market point of view, it’s very sexy,” said James R. Fenkner, chairman of Red Star Management, a hedge fund based in Russia. “You are going, all of a sudden, from a system of government-controlled inputs and outputs to a market-based system with more potential for profit.”

[...]

To be sure, enthusiasm has been damped not only by the complexity of the securities, but by memories of President Vladimir V. Putin’s reversal of some oil industry privatizations, and concerns that the same fate could await electricity investors.

In addition, many Russian power plants also generate heat for residential buildings — a market where rates will not be liberalized. Residential heat is transported as steam or hot water in great underground pipes that flow beneath Russian cities and into apartment blocks. The heat is sold as a service to municipalities, at margin-crimping rates. Generally, electricity privatization is fiendishly complex, and it has failed spectacularly before. But the Russians say they have learned from others’ misfortune, especially Enron.

“What happened in California, though it was unfortunate, helped us design restructuring,” Sergei K. Dubinin, the chief financial officer of Unified Energy Systems and a former Russian central banker, said in an interview. “We said we can’t do it that way.”

[...]

One outcome of Russian electricity privatization is likely to be a shift from natural gas to relatively cheaper, but less-clean-burning coal as plants seek savings — indeed, a Citigroup investor note has even recommended investors buy coal-fired plants.

One looming risk, however, is that Gazprom, the gas monopoly, will raise domestic prices for natural gas before the electricity market is fully liberalized, squeezing the profits of the electricity companies and their new owners.

And, as one investor who did not want to be identified because his company deals with Gazprom, noted, “Gazprom is far more powerful than Enron ever was.”

Word. Enron, however, had a much cooler logo than Gazprom does.

April 01, 2008

"If you fail to stop the Germans getting our oil, you will be shot. And when we have thrown the invader out, if we cannot restart production, we will shoot you again."

Nikolai K. Baibakov, the former Soviet oil commissar and head of Gosplan, passed away yesterday at the age of 97. His life story, as described in the below NYTimes article, is certainly a fascinating one:

In an interview with Petroleum Economist in 1998, Mr. Baibakov remembered being summoned to meet with Stalin on a hot day in July 1942. Hitler was advancing to the Caucasus to try to seize the strategically essential oil fields near Baku.

Stalin pointed two fingers at Mr. Baibakov’s head, he recalled. “If you fail to stop the Germans getting our oil, you will be shot,” Stalin said. “And when we have thrown the invader out, if we cannot restart production, we will shoot you again.”

As the deputy to the oil commissar until 1944, and then as commissar himself, Mr. Baibakov accomplished both missions. He also built a pipeline under the ice to bring gasoline to besieged Leningrad, now St. Petersburg.

Mr. Baibakov, who was believed to be the last living commissar who had served under Stalin, went on to revive his country’s oil industry, which remains the engine of the Russian economy. He then oversaw the Soviet Union’s vast central planning apparatus, known by the acronym Gosplan.

In that job, he directed the planners who set and enforce investment, production and other targets for hundreds of ministries and industrial enterprises. During Mr. Baibakov tenure at Gosplan, the Soviet Union expanded its industrial output fivefold and constructed thousands of five-story apartment buildings, many of which are still inhabited. But agriculture faltered.

In 1985, after two decades as chief planner, he was fired by Mikhail S. Gorbachev, who was seeking younger aides and new economic directions. “Not all of our managers have broken away from inertia, from old approaches,” Mr. Gorbachev said.

Mr. Baibakov indeed never stopped admiring Stalin, had a picture of Lenin on his office wall and was not convinced that free-market economics trumped central planning. In an interview with Reuters in 2001, he said: “The market and private initiative are the wings in the sail, but the plan and planning are the rudder which guide the ship of the economy to its goal.”

At his death, Mr. Baibakov was president of the board of trustees of the Gubkin Russian State University of Oil and Gas and chairman of the All-Russian Association of Drilling and Service Contractors.

Nikolai Konstantinovich Baibakov was born in 1911 in Sabunchi, Azerbaijan. The son of a workman, he graduated from the Azerbaijan Petroleum Institute in 1932 and went to work in the oil fields. He served in the Red Army from 1935 to 1937, and then did various engineering and administrative jobs in the oil industry.

He emerged from World War II with the title people’s commissar of the oil industry. Oil production almost quadrupled over the next decade.

For a time in the 1950s, Lavrenti Beria, head of the secret police, also oversaw important industries, including oil. He granted all Mr. Baibakov’s requests for workers and materials to rebuild the oil industry.

Still, it was a delicate relationship. Once, Mr. Baibakov’s wife, Klaudia, told Mr. Beria that her husband could not come to the phone because he had the flu. Mr. Beria was outraged. He ordered Mr. Baibakov to wear galoshes, as he did, and to fly immediately to a faraway refinery. He did.

Petroleum Engineer asked Mr. Baibakov if Mr. Beria had ever had any of his fellow oil officials shot. “Yes, several,” he replied.

Khrushchev appointed Mr. Baibakov head of Gosplan in 1955, but removed him two years later. The reason may have been Mr. Baibakov’s disagreement with Khrushchev’s push to diminish Stalin’s reputation.

In 2006, the British Broadcasting Corporation interviewed Mr. Baibakov about Khrushchev’s historic speech denouncing Stalin, delivered in 1956 at the 20th congress of the Soviet Communist Party. He was one of the last surviving witnesses to the speech.

“Maybe there were individual incidents of repression, but what Khrushchev denounced Stalin for, that never happened,” Mr. Baibakov said. “Khrushchev just said those things to try and give himself more authority as a leader.”

After serving in regional and industrial posts for a decade, Mr. Baibakov was asked by Brezhnev to run Gosplan once again, which he did for 20 years.

Brezhnev was hardly a micromanager. The Moscow Times in 2001 reported that when Mr. Baibakov tried to brief him in the late 1970s about deterioration in the economy, Brezhnev said, “Take your manuscript away, so I never have to see it again.”

In another discussion of economics, Brezhnev declared that there were “too many figures” and suggested that the two go hunting instead. Mr. Baibakov shot 14 wild ducks, Brezhnev 21.

Russian announcements made no mention of any survivors of Mr. Baibakov. But the story of how he met his wife, Klaudia, was bandied about on Russian Web sites. She was an aide to the deputy construction commissar and went to his office for a signature. He fell for her, and asked her to lunch. She said no, but accepted an invitation to the movies. At dinner afterward, he said he was too busy for courting and asked her to marry him.

In character as a no-nonsense central planner, he gave her exactly a half-hour to weigh the proposal. They married the next day.

March 29, 2008

Russia's latest export: Woolly mammoth tusks

Seriously. Thanks to global warming and the subsequent thaw of Siberian tundra, Russia is increasing its exports of mammoth ivory:

The trade, given a lift recently by global warming, which has melted away the tundra and exposed more frozen remains, is not only legal but actually endorsed by conservationists. They note somewhat grudgingly that while the survival of elephants may be in question, it is already too late for mammoths. Mammoth ivory from Siberia, they say, meets some of the Asian demand for illegal elephant ivory, and its trade should be encouraged.

[...]

While mammoth tusks may not be as valuable as Russia’s deposits of oil and natural gas, they are plentiful. The Siberian permafrost blankets millions of square miles, ranging in depth from a few feet to more than a mile and resembling frozen spinach.

Hidden in one of the upper layers of this mass, corresponding to the Pleistocene Epoch, are the remains of an estimated 150 million mammoths. Some are frozen whole, as if in suspended animation, others in bits and pieces of bone, tusk, tissue and wool.

Woolly mammoths are actually the last of three extinct elephantine species that inhabited Siberia. They appeared about 400,000 years ago and lasted at least until 3,600 years ago — the age of some mammoth remains found on an island off the northern coast of the Russian region of Chukotka in 1993.

The tusks emerge with the spring thaw or after heavy rains, or along the eroding banks of rivers. A boom in gas and oil investment has added another source, as crews dig wells and pipeline ditches. Fresh from the permafrost, mammoth ivory is nearly pristine, though with a characteristic green patina. But if left outside and exposed to the elements, it will disintegrate within three years into worthless splinters.

March 21, 2008

Oil Spies!

Well, here we go again. Two brothers, Ilya and Aleksandr Saslavsky, both graduates of Oxford University and dual Russian-U.S. citizens, were arrested by the Russian FSB on charges of spying on behalf of foreign oil companies. In addition, the FSB raided the offices of TNK-BP, a joint venture between BP and three Russian gazillionaires.

Russia’s Federal Security Service (FSB) said that the two men, who also have US citizenship, were arrested on March 12 while allegedly attempting to obtain classified information from a Russian “employed with a national hydrocarbon institution”.

An FSB spokesman said: “The brothers were illegally collecting classified commercial information for a number of foreign hydrocarbon companies, which wished to have advantages over their Russian rivals, including those in the [Commonwealth of Independent States] markets.”

The two were charged with industrial espionage on Wednesday. The announcement came just a day after police seized documents during raids on the Moscow headquarters of TNK-BP and BP, which holds a 50 per cent stake in TNK-BP.

The FSB said that the search produced “material evidence of industrial espionage . . . and business cards of representatives of foreign defence departments and the Central Intelligence Agency”.

So the brothers left the business cards of their CIA contacts just lying around the office? Some spies they are!

Oh, and in other news, the Rosprirodnadzor, the Russian equivalent of the EPA, announced that they will be conducting an inspection of TNK-BP's Samotlor field in Siberia:

A spokeswoman for the ministry of natural resources characterized the inspection announced on Friday as routine and noted that it would cover other fields and other companies as well.

Still, in 2006, the same Russian environmental agency threatened Royal Dutch Shell with multibillion-dollar fines in a months-long campaign that led to Shell’s selling a controlling stake of its Sakhalin Island oil and gas development to Gazprom.

After Gazprom bought the stake, the agency dropped its environmental complaints and work continued.

The same inspector in the Shell situation, Oleg L. Mitvol, the agency’s deputy director, was appointed to lead the investigation at TNK-BP’s Samotlor field, according to the statement.

How convenient.

March 19, 2008

Putin on Nabucco

I think this is my favorite Putin quote to date:

“You can build a pipeline or even two, three, or five. The question is what fuel you put through it and where do you get that fuel. If someone wants to dig into the ground and bury metal there in the form of a pipeline, please do so, we don’t object.” Sarcastically, Putin dismissed the notion of a competition between Nabucco and South Stream: “There can be no competition when one project has the gas and the other does not” (Interfax, February 28; Rossiiskaya gazeta, February 29).

More awesome Putin quotes can be found here. We can only hope that Medvedev will be equally as entertaining (although I'm not counting on it).

March 09, 2008

Nixon, Kissinger, and Operation Giant Lance

Wired has a great article (The Nukes of October: Richard Nixon's Secret Plan to Bring Peace to Vietnam) on recently released documents outlining Kissinger's application of game theory in an effort to end the war in Vietnam. In particular, this involved 18 B-52s loaded with nuclear weapons and en route to the USSR, with Nixon doing his best to convince the Kremlin that he was an absolute madman:

During his campaign for the presidency the year before, Richard Nixon had vowed to end that conflict. But more than 4,500 Americans had died there in the first six months of 1969, including 84 soldiers at the debacle of Hamburger Hill. Meanwhile, the peace negotiations in Paris, which many people hoped would end the conflict, had broken down. The Vietnamese had declared that they would just sit there, conceding nothing, "until the chairs rot." Frustrated, Nixon decided to try something new: threaten the Soviet Union with a massive nuclear strike and make its leaders think he was crazy enough to go through with it. His hope was that the Soviets would be so frightened of events spinning out of control that they would strong-arm Hanoi, telling the North Vietnamese to start making concessions at the negotiating table or risk losing Soviet military support.

Codenamed Giant Lance, Nixon's plan was the culmination of a strategy of premeditated madness he had developed with national security adviser Henry Kissinger. The details of this episode remained secret for 35 years and have never been fully told. Now, thanks to documents released through the Freedom of Information Act, it's clear that Giant Lance was the leading example of what historians came to call the "madman theory": Nixon's notion that faked, finger-on-the-button rage could bring the Soviets to heel.

[...]

The nuclear-armed B-52 flights near Soviet territory appeared to be a direct application of this kind of game theory. H. R. Haldeman, Nixon's chief of staff, wrote in his diary that Kissinger believed evidence of US irrationality would "jar the Soviets and North Vietnam." Nixon encouraged Kissinger to expand this approach. "If the Vietnam thing is raised" in conversations with Moscow, Nixon advised, Kissinger should "shake his head and say, 'I am sorry, Mr. Ambassador, but [the president] is out of control." Nixon told Haldeman: "I want the North Vietnamese to believe that I've reached the point that I might do anything to stop the war. We'll just slip the word to them that for God's sake, you know Nixon is obsessed about Communism. We can't restrain him when he is angry — and he has his hand on the nuclear button' — and Ho Chi Minh himself will be in Paris in two days begging for peace."

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(Insert obligatory Kissinger/Dr. Strangelove reference here)

March 07, 2008

Lessons from the former Soviet Union: How to fix a leaking pipe in Yerevan

In many cities throughout the former USSR, the utility lines (gas, water, etc.) were run above ground rather than buried below. This particular water line was right in front of Liz's apartment, and surrounded by a large, and constantly growing, pool of water. Check out the awesome "repair" job performed by the local utility workers (or, most likely, a frustrated local). At the very least, the pipe was no longer hemorrhaging water.

leaking water pipe in Yerevan

March 02, 2008

More on Medvedev

From a recent WashPost article:

Medvedev's memories of the Soviet past, as he told Itogi magazine, include his dreams of getting a pair of Levi's or Wrangler bluejeans or a copy of "The Wall," by the rock band Pink Floyd. He remains a fan of the kind of driving, grandiose rock performed by groups such as Led Zeppelin and Deep Purple. His latest passion is his iPhone.

Great, the newly elected president of Russia is likely an annoying iPhone fanboy. At least the music on his iPhone doesn't suck.

March 01, 2008

Gotta place an order for a new Medvedev portrait

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To, you know, replace my Putin one.

One of the downsides of this upcoming changing of the guard is that all of my matryoshka dolls, as well as Russian-US Presidential chess set, are now out of date. I will now have to make a journey to Moscow to specifically update my collection of useless Russian souvenirs.

medvedev_matryoshka.jpg

February 20, 2008

Where do I send my resume?

Because I think I'd be pretty good at this job:

Secretary of State Condoleezza Rice said today she will appoint a special envoy for energy issues to deal with the use of oil and gas for political means, particularly in Central Asia.

"I do intend to appoint, and we are looking for, a special energy coordinator who could especially spend time on the Central Asian and Caspian region," she said. This person would also focus on increasing instability in world energy markets.

I have a master's degree in this stuff, think Baku is a fine place to visit, and get along quite well with Russians, Azeris, and Kazakhs, especially when you throw in some Russki Standart. Dude, I would have those pipeline deals sealed in no time at all. Quite frankly, I don't think you'll find anyone more qualified than me (ok, except for maybe James Baker and a few other elder statesmen, but I would accept a much lower salary than they would).

January 10, 2008

Or you could just build a fence...

I don't know how I missed this story (oh, that's right, I was in Hawaii and am just now catching up on Russian related news), but nevertheless I found it amusing:

Putin Seeks Satellite Positioning Device to Track His Labrador By Michael Heath

Dec. 25 (Bloomberg) -- Russian President Vladimir Putin wants to use his nation's answer to the U.S. Global Positioning System, a satellite navigation network, to keep track of his black labrador.

A Proton-M rocket is due to launch three satellites into orbit today for Russia's Global Navigation Satellite System, known as Glonass, First Deputy Prime Minister Sergei Ivanov told Putin at a Cabinet meeting in Moscow, state television reported. That will increase the number of Glonass satellites to the 18 needed to bring the system online for users within Russia.

``When can I buy the necessary equipment for my dog, Koni, so that she won't run away too far?'' Putin asked Ivanov yesterday, broadcaster Perviy Kanal reported on its Web site. Ivanov said collars for dogs and cats will be available for ``commercial users'' in the middle of next year.

Glonass is a Soviet project that stalled after space funding collapsed along with communism in 1991. Putin last year told the government, flush with cash from high oil and gas prices, to accelerate the program and start looking for commercial clients. Russia, the first nation to put a man in space, is the world's largest energy producer.

Russia is seeking to have a rival to the U.S. GPS system in place before the European Union does. The EU launched the first test satellite for its $4.5 billion euro ($6.5 billion) Galileo system two years ago.

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Say what you will about Putin - the dude's got great taste in dog breeds.

(H/T Steve LeVine)

December 20, 2007

Russia and 'Stans sign pipeline deal

Russia, Kazakhstan, and Turkmenistan signed an agreement today for the construction of the Prikaspiisky natural gas pipeline along the eastern shore of the Caspian Sea, further strengthening Russia's grip on the region's oil & gas exports:

The parties plan to construct the pipeline along the Caspian coast -- 360 km on Turkmenistan's territory and about 150 km through Kazakhstan, in order to link it with the existing Central Asia-Centre pipeline on the Russia-Kazakhstan border. The new gas pipeline will increase the existing capacity to export Turkmenistan's gas to Russia by 20 billion cubic metres. Creating a Trans-Caspian pipeline system and reconstructing the Central Asia-Centre pipeline system will enable the parties to increase annual deliveries of Turkmenistan's gas to 80 billion cubic metres. The presidents of Russia, Kazakhstan and Turkmenistan signed the Joint Declaration on Constructing a Trans-Caspian Gas Pipeline on 12 May 2007 at a meeting in Turkmenbashi.

Not only has Russia scored another win in the so-called "New Great Game", but the English translators for the Kremlin website have hijacked the name of the United States backed pipeline fantasy project (Trans-Caspian Pipeline) and made it their own. Well played, Russia.

Related: NYTimes - Central Asia on Front Line in Energy Battle

Most people looked at him with terror and with fear, but to Moscow chicks he was such a lovely dear

Vladimir Vladimirovich, TIME's Man of the Year for 2007:

vladimir_putin_15_time.jpg
It would have been cooler if he was sitting on a barrel of oil

TIME's Person of the Year is not and never has been an ho