in the Eurasian gas market will come redistribution. Leadership of Russia can be overthrown, and all cards "gas potentates" confuses Turkmenistan. It all started with a quarrel of the two former republics of the Union, and may result in unpredictable, with the northern neighbor ...

diagnosis of disease of relations between Russia and Turkmenistan - certainly a crisis. The first bear huge losses due to reduction of consumption, ie supplies, and the second fed cheaply to sell transit blue fuel and gas in this tormented world of conflict, it hopes to successfully win back the one who is not one year pressed.

North forgotten that the east - the Rising Sun

first burst of emotion, after a protracted litigation because of the price - the cessation of deliveries of Turkmen gas after the explosion in the gas CAC-4 on the night of 8 to 9 April 2009. Turkmenistan assigned responsibility for the bombing of Gazprom, which allegedly without notice to sharply reduced volumes of selected gas (not just for what was selected). Russia monopolist denied the accusations. However, supply is not resumed. Prior to this incident, Russia buys from Turkmenistan for re-export to Ukraine and Europe to 50 billion cubic meters of gas, which represents two-thirds of the total production of the country. After long as it is now customary to say, negotiations, January 9, already in 2010 deliveries resumed. But without concessions could not have done. Volume, incidentally, dropped to 30 billion cubic meters annually. As changes in the contract signed by representatives of Gazprom and Turkmengaz in the presence of the presidents of Russia and Turkmenistan Dmitriy Medvedev and Gurbanguly Berdymukhammedov, which speaks of the "lightness" of dialogue. The most interesting is that according to fine-tune the document, the first time in the history of Russo-Turkmen relations in gas sphere of gas deliveries will be based on the price formula, which fully complies with the conditions of the European gas market.

nice, damn it, for Turkmenistan, but its stock was high time to do it. But this is not important. Countries, among which special attention is paid to China and Iran, long sitting on a gas diet, promptly began to enter into long-term contracts with Turkmenistan.

Iran and China hurry up ...

most striking event occurred on January 6. Presidents of Iran, Mahmoud Ahmadinejad and Turkmenistan Gurbanguly Berdimuhamedov and officially opened the new pipeline Dovlyatabad-Sarahs-Hangeran. This is the second pipe through which the Turkmen gas will be supplied to Iran. Its length is 30.5 kilometers. As noted, Ahmadinejad launched a gas pipeline would bring Turkmen gas to market not only Iran, but later in the Gulf region.

*** The design capacity of the new pipeline designed to transport up to an annual 12.5 billion cubic meters of gas. According to the technological scheme, the new pipeline connected to the main gas pipeline Dowletabat-Deryalyk, which also ensures the supply of Turkmen gas to Russia.

worth noting that between Armenia and Iran operates the pipeline, and experts do not exclude that and it can be delivered Turkmen gas.

But not only Iran lucky. The world leader in export - China does not stay losers. December 14, in the presence of the heads of China, Kazakhstan, Turkmenistan and Uzbekistan, was opened a gas pipeline Turkmenistan - Uzbekistan - Kazakhstan - China (Tuukka), already in 2013 will be pumped to China 40 billion cubic meters of gas per year.

According to experts, this energy transportation routes bypassing Russia will reduce the dependence of Central Asian republics from Moscow and cement China"s status of the informal leader of the region.

As rumored project participants, the price for China is a market, but China is fully satisfied. Incidentally, China is a major investor in the pipeline by investing in the project $ 20 billion Index - pipe surface, rather than dubious sea ...

*** The intergovernmental agreement on construction Tuukka was concluded in April 2006, work began in 2007 and took less than three years. The pipeline to the border of China over 1800 km. The next year it will be delivered to about 13 billion cubic meters of gas at full capacity and 40 billion cubic meters of pipe to be released in 2012-2013. Click to continue »

Late passengers trying to catch a train

In the first trading day of this year, the MICEX index (5.9%) and RTS (7,6%) were able to update a peak in 2009. Starting session at 4-6% gap up, quotes leading securities were able to add to dinner another 2-4%. There is a theme that a similar growth in early 2010 provoked by those who waited the New Year holidays in the cache and who did not believe in growth at the end of last year. In other words, late passengers trying to jump a train, rapidly departing to the north this year.

New Year brought a new raw material prices, new highs on U.S. stock exchanges, the positive statistics from China. This is our market should take into account in the current quote. Of course, many players toad strangling buy securities at these levels. But if we consider the process of weakening the dollar and continued heating of commodity markets will continue, today"s purchase may provide tangible gains in the coming month.

very strong growth today are allocated shares of Russia"s metallurgical sector: MMC Norilsk Nickel (10.2%), Severstal (15,7%), CMI (9.7%). Here, growth factors are both positive statistic data of Chinese economy, and the beginning of this road show, Rusal in Hong Kong. The final offering price of shares of aluminum giant will be determined on January 22.

Shares Sistema currently increasing by 7% showing similar dynamics with the shares of oil companies, amid reports of consolidation on the basis of Bashneft owned AFC shares Ufaneftehim, Novoil, Ufaorgsintez and UNPZ. We recommend that you keep the shares of ROS.

I think before the end of our session, the stock market can make another attempt to reach the daytime highs. The most successful it will look in the papers of MMC, Gazprom, Rosneft and Sberbank, ie in the most liquid securities, which are traditionally in demand by non-residents.

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