Energy Blast – July 5, 2011

Gazprom has sent a delegation to North Korea to discuss pipe and power line projects, the scene having been set for negotiations by a visit from Foreign Intelligence Service director Mikhail Fradkov in May.  Gazprom’s search for gas in Russia is creating problems for herds of Nenets reindeer.  The company is almost finished negotiations for its purchase of 50% of the shares in Belarusian gas transit company Beltransgaz.  Sulphur emissions from increased coal-burning in Chinese power stations have apparently helped to cool the climate in the short-term and ‘offset to some extent the warming effect of carbon dioxide emissions‘.  The FT reports on difficult negotiations between RWE and Npower, as the Germany utility approaches the possibly of selling its UK division.