Energy Blast – Aug 24, 2010

Dmitry Medvedev’s modernization plan includes the revival of a 50-year-old idea to improve efficiency and waste for Russia’s nuclear reactors.  Analysts are speculating that Gazprom could have completed the Altai gas pipeline between Russia and China even before the South Stream project has been implemented.  The Saratov oil refinery is having an emergency control overhaul.  Moscow has ‘clearly refused to accept any liability for the two civil nuclear reactors that it is currently building‘ in India’s Kudankulam, causing ‘distress‘ to potential foreign suppliers, says Business Standard.  The FT’s Lex column looks at Korea National Oil’s recent hostile bid for Dana Petroleum.  The Nabucco pipeline is to include feeder lines to Iraq and Georgia.  Poland will increase its fuel quotient and extend its gas agreement with Russia by a reported 15 years when it is signed later this month, says Bloomberg.