February 21, 2008 By Citizen M

Energy Blast, Feb. 21, 2008

210208gas.jpgAccording to one UK newspaper, the Nord Stream project is either “the answer to Europe’s energy needs, a multibillion-pound black hole, [or] a Kremlin conspiracy.” Ukrainian Prime Minister Yulia Tymoshenko has met with Vladimir Putin and Prime Minister Viktor Zubkov, although it is being reported that they did not discuss the recent gas deal, apparently because it has been satisfactorily settled. “When we set to talking over these problems, it was found that they all are solvable, we have no deep contradictions and we have never actually had for any of them,” Putin commented. Finnish utility Fortum has signed a pioneering deal to buy more than 5 million carbon dioxide emissions credits from Russian electricity producer TGC-1. Russia “has the potential to become the second biggest source of the credits after China.