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Energy Blast – June 14, 2010

According to Reuters, Iran is putting the finishing touches to a $7 billion ‘peace pipeline’ deal to export natural gas to Pakistan by 2015.  Vladimir Putin has reportedly approved a proposition by French oil major Total to encourage Qatar to participate in major gas projects in the Yamal Peninsula.  Bulgaria’s Energy Minister claims the country has not made an official decision on withdrawal from the Burgas-Alexandroupolis oil pipeline project and the Belene nuclear power plant project, despite reports, which can be consulted here, suggesting that this is the country’s intention.  ‘Why didn’t BP’s risk models account for a crisis of this proportion?  Learn about Canada’s restrictions for deepwater drilling here.  Plans for the building of the strategically valuable China-Kazakhstan gas pipeline are apparently making sturdy progress and atomic ties between the two nations strengthening.  Chinese wind turbine maker Xinjiang Goldwind Science & Technology Co Ltd has pulled its $1.2 billion Hong Kong initial public offering.  Oil and Gas Eurasia looks at Russia’s approach to a possible new strategy for dealing with the advent of shale gas.