By Citizen M | Published: March 22, 2011
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.