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Energy Blast – June 3, 2011

China intends to increase coal imports from Russia by 30% over the next five years.  Foreign Minister Sergei Lavrov is advising that nuclear negotiations with Iran will get going if world powers such as the International Atomic Agency show it ‘the light at the end of the tunnel‘.  OPEC may finally respond to IEA calls to boost oil output, amid fears that high prices are causing ‘economic damage‘.  Gazprom chief Alexei Miller sees gas supplies as the future of the company’s work in Europe.  The company will open its Dzhubga-Lazarevskoye-Sochi pipeline this month, which will supply the 2014 Winter Olympics.  It also announced that it has signed an LNG deal with India thought to be worth at least $32 billion.  Private equity group Kohlberg Kravis Roberts has made its first investment into renewable energy, backing French wind farms.  Cairn Energy is seeking an injunction against Greenpeace to prevent protest actions over its drilling in Greenland.  Four people have died in an explosion at a Chevron plant in Wales.