Secretary of State John Kerry, left, shakes hands with Russian Foreign Minister Sergei Lavrov, right, after making statements at a news conference in Geneva, Switzerland, Saturday Sept. 14, 2013. U.S. Secretary of State Kerry and Russian Foreign Minister Lavrov said Saturday they have reached an agreement on a framework for Syria to destroy all of its chemical weapons, and would seek a U.N. Security Council resolution that could authorize sanctions, short of military action, if Syrian President Bashar Assad’s government fails to comply. (AP Photo/Keystone,Martial Trezzini) The Associated Press 6 hours ago Highlights of the U.S.-Russian deal establishing a framework to secure and destroy Syria’s chemical weapons. POINTS OF AGREEMENT: The U.S. and Russia agree to work together on a U.N. Security Council resolution that would ensure verification of the agreement to secure and destroy Syria’s chemical weapons stocks and remove its capability to produce such weapons. The resolution would come under Chapter 7 of the United Nations charter, which allows for military action. But U.S.

Russia: Hard for Investors to Ignore

Russia: Hard for Investors to Ignore

For these reasons, we believe people are taking another look at Russia. Q: Novatek, an independent gas producer in Russia, is close to breaking the Gazprom monopoly on the gas export market. Will Gazprom fight that? Surprisingly, it hasnt yet. Whats interesting is that the Russian MICEX Index is heavily populated by oil names, but these companies tend to carry a very heavy tax burden. They are basically all running to stand still, drilling to replace the decline from existing wells while net production remains flat. The gas market is a different animal. Novatek (MCX:NVTK) is Russias largest independent gas producer and one of the best-run global emerging market oil and gas companies, says UBS. The company has grown its domestic market share in leaps and bounds to the tune of about 20 percent per annum. It has developed smaller fields where Gazprom (MCX:GAZP) has not been successful. In the last three years, Novatek doubled reserves and some of those fields were formerly Gazprom fields. In addition, Novatek is venturing into an inherently profitable LNG project with China located on the Yamal peninsula. According to UBS, the Yamal project might be able to unlock significant long-term production upside for Novatek, partially liberating it from its dependence on Gazproms pipeline network. The media has been focusing on Chinas deals on an inland pipeline in Siberia with Gazprom, yet theres a huge discrepancy in price. China wants to pay only $3 per thousand British Thermal Units (mBtu), but Russians want to charge $12 per mBtu.