According to FP, “Russia is moving into Africa in a big way, snatching up gas and oil deals, with an eye on winning even greater leverage over the global energy market.”
The article notes that in September, Russia’s state-controlled energy monopoly Gazprom obtained gas concessions in Nigeria, and it agreed to help the West African country fund a 2,700-mile trans-Saharan pipeline to Europe.
FP reports Gazprom, in a joint venture with Italy’s Eni, is also looking to finance a pipeline from Libya that would carry natural gas under the Mediterranean. Russia offered to buy all Libyan gas and some of its oil exports. If the deal goes through, it would give Russia complete control over supply to the European Union. Russia has additional deals in Algeria, Angola, Egypt, and the Ivory Coast worth $3.5 billion and expected to be operational by 2010.
FP goes on: “But it’s not just pipelines Russia wants—it’s also hearts and minds. Russia has canceled $20 billion in African debt and recently announced a $500 million aid package for African countries with no strings attached. Russia helped prevent sanctions on Zimbabwe from passing the U.N. Security Council a few months after Zimbabwe was opening a tourism office in Moscow.”
Interestingly, FP doesn’t assess the impact of this on Africa itself. Instead it says Russia’s Africa moves have “Europe very worried.” It says if Russia controls natural gas supplies from the east—through Gazprom’s holdings in Central Asia—as well as the south, that would leave Europe surrounded, with little room to find alternative energy supplies.
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