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Energy Blast – Aug 22, 2011

On his Russian tour, North Korean leader Kim Jong-Il has already visited the Bureyskaya hydro-electric power station in Amur, Russia’s largest, fueling speculation of energy deals to come.  Pakistan has eased the conditions for companies supplying its LNG, in a bid to entice more companies to help it meet demand; China is to begin offering tax rebates for natural gas imports to prevent companies from incurring heavy losses.  Reports indicate that new nuclear power plants could be built in Iran by Russia following completion of Bushehr.  India denies reports that it has made an undersea gas pipeline deal with Iran.  The world oil price is falling this morning as Libyan rebels move into Tripoli.  ConocoPhillips has found several small oil leaks in Bohai Bay, two months after the initial spill was reported.