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Energy Blast – Sept 12, 2011

It is anticipated that the privatization of Rosneft could raise 200 billion rubles next year.  BP’s troubles in the US have led it to seek fresh options for diversifying its investor base in the Asia Pacific, says Reuters.  The company’s former head, Tony Hayward, may step down from the board of TNK-BP.  It is thought that President Dmitry Medvedev will propose that Royal Dutch Shell expand cooperation with Gazprom during today’s meetings between UK and Russian leaders.  It is anticipated that the two sides will increase production at Sakhalin-2.  Technology gas from the Nord Stream pipeline has reached Germany.  Russian Energy Minister Sergei Shmatko has promised further nuclear cooperation with Iran, both in Bushehr and at other projects.