Energy Blast – Jan 28th, 2009

Despite making noises about the deal last week, Ukraine’s president has promised that he will not reopen his country’s 2009 energy deal with Moscow.  ‘Tymoshenko walked away from this conflict with an outstanding victory.  RosUkrEnergo has been excluded from the Russian-Ukrainian gas trade, losing profits of at least $1 billion a year.’  The European Union could provide up to €200 million in initial funding for the proposed Nabucco gas pipeline in an effort to reduce its reliance on Russian supplies.  Gazprom may increase capacity on the South Stream gas pipeline to Europe by 50%.  A former East German spy may be set to join the company’s board