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Energy Blast – Sept 20, 2011

Russian state nuclear company Rosatom is apparently ‘unconcerned’ about Siemens’ departure from the nuclear industry, arguing that it has many other partners to work with.  The Russian company may cooperate with Siemens in the field of nuclear medicine.  According to the Washington Post, Turkmenistan’s state newspaper reports that the Central Asian nation has started up a new natural gas compressor station, to feed gas into the Central Asia-Center 3 pipeline, which will increase its annual export capacity by 2 billion cubic meters.   Iran’s Supreme National Council apparently believes that Iranian-Russian energy relations should be ‘cooperative, not competitive’.    Atomenergomash, a Russian state-owned supplier of equipment to nuclear power plants, is apparently planning an IPO for its separate operations in 2014 or 2015, and hopes to diversify into shale gas and wind power.  Reuters reports that oil pipeline monopoly Transneft has seen net profit more than double to $1.4 billion year on year in the second quarter of 2011, as a result booming crude sales to China.