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Energy Blast – June 13, 2012

Rosneft’s formidable CEO Igor Sechin has warned that redundancies may be necessary for the ‘optimization’ of the oil giant.  Azerbaijan expects a 12% increase in natural-gas production by 2015.  Singapore is apparently leaning on local oil companies to cease their dealings with sanction-battling Iran.  Debt-stricken Greece plans to release €40 million in emergency funds to help stave off a potential power crisis, says Reuters.  India’s biggest buyer of liquefied natural gas, Petronet, apparently intends to raise about $1 billion in debt this year to expand its import capacity.