The Japanese crisis provides Russia with an opportunity to raise its energy profile, says this WSJ blog
, noting Russia’s efforts ‘to position itself as a kind of Saudi Arabia of natural gas
‘. In this Telegraph piece
, analysts suggest that the Fukushima disaster could have a long-term impact on the global gas market. The New York Times
is not so certain: ‘It is far too early to say for sure whether the calamitous events in Japan may roll back the global nuclear revival and lead to a surge in natural gas demand.
‘ In a move praised by Vladimir Putin as ‘a sign of stability
‘, Wintershall, a hydrocarbon subsidiary of Germany’s BASF, has joined the South Stream pipeline
, taking a 15% stake for €2 billion. A bill drafted by the Natural Resources and Environment Ministry is rivaling that of a group of Duma deputies, as both attempt to legislate oil pollution, but environmentalists claim
that the former’s bill is ‘simply a series of amendments to current legislation
‘. The new executive director of the IEA, Dutch economic affairs minister Maria van der Hoeven, emphasises the importance
of ‘invest[ing] in Russia contacts
‘. Bashkortostan is to receive a Saudi delegation
that will explore various energy opportunities including petrochemicals and oil refining. France’s energy minister is defending nuclear energy
as ‘one of the core energies in the 21st century
‘ against the current onslaught of critique.