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Energy Blast – Aug 31, 2010

Russia’s first clean energy project at the Shaturskaya thermal power plant has been submitted to a UN climate panel in a bid to generate Kyoto carbon credits.  Bloomberg calls the submission a ‘breakthrough‘.  ‘[S]ome analysts say the compromises needed to move [yesterday’s civil nuclear] legislation through India’s contentious Parliament could undermine the practical impact of a political, diplomatic and economic accord that took years to negotiate [with the United States].‘  Kazakhstan is keen to become a gas supplier to Ukraine, but any accord ‘will depend on existing Russian-Ukrainian agreements‘.  Germany says it is ready to invest in the reconstruction of Ukraine’s gas infrastructure.  Poland’s PGNiG’s profits are suffering, Reuters says, due to the high price of imported natural gas.