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Energy Blast – Jan 17, 2012

German-controlled E.On Russia has won approval for two joint implementation projects under the Kyoto Protocol, to be based at the Surgutskaya power station in Khanty-Mansiisk.  Rosneft, having just secured an increased $2 billion loan from the international market, is seeking to borrow morefor general corporate purposes’.  Saudi Arabia is suspicious of Iran’s claim that it could block the Gulf’s main shipping route, which nonetheless is affecting oil prices.  Venezuela is moving to increase control over its oil industry, announcing plans to leave the World Bank’s international arbitration body which would affect at least 20 foreign investors.  This Bloomberg report explains why Ukraine needs to secure a lower gas price from Russia in negotiations which continue today.  Norwegian companies want gas extracted in the Barents Sea to be shipped through the Nord Stream pipeline.  Calgary-based Pembina pipeline has agreed a C$3.2 billion deal to buy Provident Energy, in a move that will allow it to bid on larger projects.  The war for China Gas continues, as shareholders anticipate further hostile bids.