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Energy Blast – March 6th, 2009

Vladimir Putin warned that Ukraine’s recent raid on Naftogaz could jeopardize the flow of Russian gas to Europe, and threatened to cut supplies again if February bills weren’t paid by Saturday – but Gazprom said it received full payment just a few hours later.  Speaking of plans to renew energy contracts at the end of the month, the Chinese Ambassador to Russia announced that, ‘No matter how grave the economic crisis is, it will not affect the energy cooperation between China and Russia.’  Petros has signed a memorandum on joint implementation of Russian technologies with Indonesia’s Nuansa, for development of abandoned oil fields in Indonesia.