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Energy Blast – Jan 11, 2011

Apparently Russia is considering Tehran’s invitation to visit its nuclear facilities ‘with interest’.  US Secretary of State Hillary Clinton has insisted that sanctions have deterred Iran in its pursuit of nuclear power.  Norway’s oil output is apparently likely to fall in 2011 and over the next ten years if no new discoveries are made.  Meanwhile Lukoil is reportedly applying for permission to operate in the Arctic nation, as the company looks to develop its resources outside of Russia.  What the melting of the Arctic means for Russia’s energy assets, in this video interview with Paul Saffo, managing director of foresight at Discern.  A long-awaited agreement allowing the United States and Russia to cooperate on civilian nuclear energy will take effect today, RFE/RL reports.  Why the proposed Nabucco and South Stream pipeline aren’t likely to converge, according to Eni SpA Chief Executive Officer Paolo Scaroni.