Gazprom making strong contribution to meeting growing demand for gas in Europe -Gasprom

This is an interesting press release from Gazprom and well worth a read. Check it out!

Gazprom making strong contribution to meeting growing demand for gas in Europe.

From a strategic supply perspective, I can see many European countries, especially Germany and Turkey increasingly dependent upon Gazprom and possibly susceptible to political intervention from the Russian government.

Surely, strategic procurement best practice would recommend having an alternative supplier as well? In this regard, Cyprus potentially fits the bill admirably, with likely capacity to meet up to 40% of Europe’s supply in the decades ahead.

Surely, it is about time that Germany and the EU started to view Cyprus strategically?

Any thoughts?


Gazprom (Photo credit: Wikipedia)

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Sustainable Development – From Growth to Inclusive Green Growth: The Economics of Sustainable Development – World Bank

English: Sustainability chart

English: Sustainability chart (Photo credit: Wikipedia)

This is an excellent and highly recommended read published by the World Bank. Check it out!

via Sustainable Development – From Growth to Inclusive Green Growth: The Economics of Sustainable Development.

For me, the World Bank article was excellent in stating blue-sky vision but failed to address the contextual challenge effectively. Tradition economic and political factors effectively conspire against the vision namely:

Neglecting natural capital, like neglecting  human and physical capital, is bad economics and bad for growth.

Since 2008, World leaders have effectively ignored human capital, so green issues have been further subordinated. In many economies like Southern Europe, the UK and the US, human capital has suffered severely from excessive austerity.

Personally, I support sustainable development and this year have seen first hand in Malaysia, for example, the environmental consequences of a country ravaged by greed.

Any thoughts?


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