Energy Blast – Aug 3, 2011

LUKoil has admitted to price fixing, following an inquiry by the Federal Anti-Monopoly Service.  Poland is to liberalize its natural gas storage regulations, allowing companies with reserves based outside of Poland to enter its gas market.  The solar energy sector is suffering, says the FT, thanks to a drop in government subsidies this year and over-investment in capacity expansion last year – leaving the industry ‘ripe for consolidation’.  Cairn Energy has announced that its LF-7-1 well off the coast of Greenland has come up dry.  The U.K.’s Drax coal-fired power station could be turned into a source of renewable energy using biomass – but it needs higher government subsidies.  On Hawaii’s efforts to develop clean energy.