• Most Popular
  • Most Shared

Russia aims to corner energy markets: U.S. official

ROME
Mon Sep 8, 2008 4:20am EDT

ROME (Reuters) - Russia aims to corner energy markets, a senior U.S. official said on Monday as Vice-President Dick Cheney arrived in Italy during a tour that has taken in eastern European states which are important transit routes.

Russia

"The fact is Russia has worked hard to try to corner the markets, so to speak, and is working to foreclose options to transit for those energy products across Russia," the official said, speaking on condition of anonymity.

"They want everything to come out through Russia and a lot of us think it's more important that there be diverse means of gaining access to those resources. No one country ought to be able to totally dominate those deliveries."

Cheney has visited Azerbaijan, Georgia and Ukraine to show support for the former Soviet states after the conflict between Georgia and Russia over the South Ossetia region which the vice-president called Moscow's "brutality against a neighbor".

Europe and the United States are concerned about transit routes for oil and gas through eastern European countries which are seen as alternatives to Russian supplies.

(Writing by Robin Pomeroy; Editing by Matthew Jones)



More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article