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Energy Blast – Feb 7, 2011

No more nuclear-related sanctions for Iran, says Sergei Lavrov, because ‘suffocating the Iranian economy […] was not part of the plan.‘  The AAR shareholders spat over the TNK-BP deal is not about principles, says New Europe: just money.  Rosneft is denying reports that it might buy out AAR’s 50% share of TNK-BP; but the rumor boosted the latter’s shares all the same.  The regional administration of Yamal-Nenets has given the go-ahead for Gazflot (a Gazprom subsidiary) to start drilling off the coast of the Yamal Peninsula this summer.  Nord Stream’s ‘challenging‘ line 1 pipeline is almost complete.