[payloansday]

Dominican Republic offers Gazprom joint power, offshore exploration projects
Moscow (Platts)--14Feb2012/352 am EST/852 GMT
State officials of the Dominican Republic have offered Russia's Gazprom International, the foreign arm of Gazprom, an opportunity to engage in offshore exploration and development of the country's electric power segment, Gazprom International said in a statement Tuesday.

At a meeting with Gazprom International representatives, members of the country's parliament expressed hope that the Russian company will consider cooperation in the power energy segment and exploration offshore the Hispaniola island, where the republic is located, the statement said.

"We would like to see your company in the Dominican Republic. We are ready to do everything to guarantee your stable work here and secure your investments," president of the country's National Energy Commission, Enrique Ramirez, said at a separate meeting with Gazprom International, as quoted in the statement.

Representatives of Gazprom International also visited power stations in Santo Domingo, Puerto Plate and Punta Cana and discussed opportunities for their upgrading, the statement said.

Currently, the Dominican Republic does not produce hydrocarbons. The Caribbean country relies heavily on oil products such as high sulfur diesel and residual fuels mostly imported from Latin American countries to generate electric power energy.

The republic's key power companies, Empresa Generadora de Electricidad Haina and Compania de Electricidad de San Pedro de Macoris, have a combined installed capacity of 880 MW.

--Dina Khrennikova, dina_khrennikova@platts.com
























Told you here long ago about this coming hand in hand with the military package soon to follow...

Let's see what Uncle Sam will say to this...

[VitaliyMurnov]

Hmmmm...let's see DR government (Corruption) + Russian state company (Just as corrupt) = Not sure what it adds up to, but somehow I know it will cost me something.

[Petwrenny]

Yeah guaranteeing the investment, like for Barcelo Hotels ... , right!

[AricGoffgog]

Ties with Russia are growing. There is a new Russian restaurant in Las Terrenas. The chance with Gazprom is huge.
Russian gas could be powering DR power stations.

pi2

[ultimda horaf]

I can hear the sound of government officials rubbing their hands with glee as we speak.

[vTLWqa1l]

Trouble with "Russian Gas",is that,unlike Chavez's oil,the Russians might want to get paid.
Remember what happened to Cuba when they made an "Arms Deal" with the "Ruskies"?
This "Non-Deal" ranks up there with the "Polish Airplane Factory" the "Nuklear Power Plant(Maybe IRAN can help?) The "Malecon Island",and the rail line to Santiago.
Am I forgetting anything??
CC

[JohnTruels]

Remember what happened to several Eastern European countries when they refused to pay the unannounced and undiscussed price-increase.

The tap was closed, even in mid-winter...

brrrrrrrrr

[payloansday]

Russia’s Gazprom to Search for Oil, Gas off Dominican Republic


By Adam Williams - Feb 14, 2012 3:23 PM ET
Gazprom International SA, a subsidiary of Moscow-based oil and gas company Gazprom, will begin offshore oil and gas exploration in the Dominican Republic, Gazprom communications representative Denis Ignatiev said in a telephone interview from Moscow.
The announcement followed a visit from Gazprom International to the Caribbean nation last week. Gazprom will consider helping the Dominican Republic to reduce a current energy deficit, the company said in a press statement.
To contact the reporter on this story: Adam Williams in San José, Costa Rica atawilliams111@bloomberg.net



Russia

[AricGoffgog]

Very good news! In the forseeable future DR will not go completely ,green, . If they find methane this is a raw material for fertilizer; still needed in the forseeble future till completely green food production takes over.

pi2.

[Cvo1iRT0]

Oil and gas exploration can't be bad and if they find any it can be very good. However, corruption and wealth distribution are the keys as to weather it would benefit the DR or not. Nigeria is a perfect example of a hugely oil and gas rich country where most people live in poverty. Conversely, offshore gas has been of enormous benefit to everyone in Norway. I have a nasty feeling as to which way it would go here.

[payloansday]

Dominican Republic Turns to Gazprom for Help on Energy Strategy


Last week the Russian energy giant, Gazprom, sent a delegation to the Dominican Republic following an invitation to perform geological surveys and help in the development of electrical power projects.

A group of deputies from the republic’s National Congress, including the chairman of the parliamentary energy commission, Pelegrin Seman, stated that their nation’s reliance upon foreign fuels is too high.

They are forming legislation to help develop oil and gas reserves on the Hispaniola Shelf, to construct renewable energy projects, and improve the efficiency energy use on the island at the moment.

Gazprom met with Enrique Ramirez, President of the National Energy Commission, who told them that the Dominican Republic currently have an energy supply deficit of 2,000 – 2,300 megawatts, and are therefore planning a new energy strategy which will involve more domestically produce energy, and more efficient energy distribution channels.

The hope is that Gazprom will be able to use its expertise to offer advice in the exploration and development of oil and gas on the Hispaniola Shelf, and be able to help with the electric power projects.

Ramirez tried to entice the Gazprom delegation with assurances that, "we'd like to see your company in the Dominican Republic. We're ready to do everything necessary to ensure normal operations for you and the security of your investments."

Gazprom were able to visit several power stations in Santo Domingo, Puerto Plata and Punta Cana in order to familiarise themselves with the current level of technology and help them figure out the possibility of modernising the plants, and shifting them to gas fuel.

By. Charles Kennedy of Oilprice.com

http://oilprice.com/

[vTLWqa1l]

Great News!!!
When can I expect the savings to show up in my electric bill?????
Bwahahahahahahahha
CCCCCCCC

[payloansday]

Great News!!!
When can I expect the savings to show up in my electric bill?????
Bwahahahahahahahha
CCCCCCCC

I'll let you know when the first deep sea platform gets seated!

[JohnTruels]

Oil and gas exploration can't be bad and if they find any it can be very good. However, corruption and wealth distribution are the keys as to weather it would benefit the DR or not. Nigeria is a perfect example of a hugely oil and gas rich country where most people live in poverty. Conversely, offshore gas has been of enormous benefit to everyone in Norway. I have a nasty feeling as to which way it would go here.

Comparing a first world country like Norway, to a third world country like Nigeria, makes no sense at all.

The Russians will come here ( well, unfortunately, they already arrived here in some parts of the country), make a nice sounding deal and then screw everybody...

Guess who will get the money.

I had to deal with them in the past, and have no wish to deal with them in the future.

My apologies to the good Russians.

[vTLWqa1l]

"Just Say "Da" to Russian "Hookers",
and "Nyet" to the "Oil Men"!
Sooner or later,you are gonna get screwed by both of them!
CC

[JohnTruels]

"Just Say "Da" to Russian "Hookers",
and "Nyet" to the "Oil Men"!
Sooner or later,you are gonna get screwed by both of them!
CC

Siberian hookers if you like crunchy...

[Michmant]

I wonder what Pelegrin Castillo's role is in all this, since he very well knows that all petroleum and hydrocarbon concessions in the DR are now in the hands of Grupo Vicini, and also, the prime hydrocarbon potential area, the Bahía de Ocoa, is now off limits because it has been placed under natural conservation status by declaring it a national park (Parque Nacional Francisco Caamaño Deñó)

[vTLWqa1l]

Many of the areas,mostly beaches, now cluttered with "All Inclusive Hotels" were at one time "Protected" areas.
In the DR,an area is only "Protected" until the better offer comes along.
Come by my house in SD,I'll show you an "Urbanizacion" where was once "Protected land beloning to the National Zoo"!
Guess which prominant "Senador's" construction company built the "Urbanizacion"?
"LAWS:,as you MUST know,mean "Nada" here in the DR.
The DR is named as a difficult place to do business,because the government can change the rules,after you make an investment.
CC