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Energy Blast – March 17th, 2009

Why has the Nabucco gas pipeline project been removed from a European Union list of priority projects?  And why did Gazprom receive an invitation to join the project, which was originally conceived of as a means of sidestepping Russia?  According to Ukraine’s Energy Ministry, Russian gas transit to Europe via Ukraine fell by 43.4% in February year-on-year due to decreased demand.  A new Accenture survey suggests that energy consumers are becoming increasingly supportive of nuclear energy.  LUKoil says it won’t waive dividends for 2008.