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Energy Blast – June 16, 2011

Wrangling over prices has reportedly slowed Russia and China’s energy agreement talks, with China insisting it will pay no more than $250 per thousand cubic meters of gas.  Will the deal be made anyway?  Reuters reports on how a U.S. Air Force plan to refurbish aging nuclear bombs deployed in five European countries could re-ignite tensions with Russia.  The BBC has a video interview with Oleg Deripaska on his ambitious plans to supply 15 billion kilowatt of electricity per year to China by building a series of hydro-electric dams in eastern Siberia.   TNK-BP has apparently abandoned plans to start trading oil and refined products from a new office in Geneva.  The company has put in a bid for Lotos, the operator of Poland’s lucrative Gdansk refinery.  A scandal has hit Baltic Oil Terminals, after shares in the company were suspended when it revealed it could not publish financial results amid claims accounting records had been ‘falsified, removed or destroyed’.