Tag Archives: Energy

A trader at TNK-BP says that Russia will soon have so much spare export pipeline capacity that it will be able to switch a fifth of its output between customers in Asia and Europe to take advantage of the best prices. The company is planning to invest 5 billion rubles into modernising its Saratov Oil [...]

Scientific studies indicate that the Russian heatwave last summer was made three times more likely due to the effects of climate change.  PGNiG has filed a lawsuit against Gazprom over the price of gas in its long-term supply contract.  As the Russian oil boom reaches its peak, Bloomberg wonders how Vladimir Putin plans to address [...]

US and European officials have ‘cautiously’ welcomed a letter from Iran proposing talks about its nuclear program, says the Washington Post.  IAEA inspectors are on their way to Tehran, hoping for a ‘constructive’ visit to the regime whose nuclear ambitions have caused international consternation.  Is President Obama naive to hope that sanctions against Iran could [...]

French Foreign Minister Alain Juppe has told the press that whilst Iran’s letter to the EU on possible nuclear talks is ‘ambiguous’ it also heralds ‘the start of opening up from Iran’.  Meanwhile European countries have begun to make alternative arrangements for volumes of oil they would normally import from Iran ahead of sanctions.  Who [...]

‘The era of bullying nations has passed. The arrogant powers cannot monopolize nuclear technology’: Iranian President Mahmoud Ahmadinejad continues to defy international censure over the Gulf state’s nuclear regime.  Tehran has however, apparently sent a letter to EU foreign policy chief Catherine Ashton expressing a willingness to hold new talks.  A US State Department spokeswoman [...]

Turkey is not planning to cut its Iranian oil imports, and has not asked to increase its volume of Saudi Arabian oil as previously thought.  Poland’s gas monopoly PGNiG has offered to auction off up to 70% of its gas to potential rivals in 2013-15, part of a plan to liberalise the Polish gas market. [...]

Foreign Minister Sergei Lavrov has expressed hope that talks with Ukraine on natural gas, which commence today, will lead to a resolution.  Russia’s Economy Minister Elvira Nabiullina opposes the sale of a Kremlin stake in Novorossiisk Commercial Sea Port (NCSP) to Rosneft.  Energy Minister Sergei Shmatko outlines some of the risks involved in the privatization [...]

Italy’s injection of Russian gas into its national network yesterday was expected to be over 10 million cubic meters less than the volume requested.  The EU Energy Commissioner Guenther Oettinger insists that there is ‘no danger’ of a European gas shortage.  Gazprom lowered its target exports for Europe this year, only 2.7% higher than last [...]

The U.S. is urging Bulgaria to diversify its energy sources to end its dependence on Russia, as web rumours suggest that Russia is behind recent anti-fracking protests there, part of a bid to scupper plans to create an independent Bulgarian natural gas industry.  Petrobras has announced plans to lease 26 deepwater oil drilling rigs from [...]

Gazprom has promised to fill the ongoing shortfall in gas flows to Italy by the end of this week.  TNK-BP will spend $12 billion developing four oil fields in the Yamal region with are expected to add 15 million tons of oil to output.  By 2017, Russia’s electricity consumption could be up to 1.184 trillion [...]