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Energy Blast – Oct 14, 2008

The President of Russia’s Gas Union insists that the financial crisis will have no effect on the country’s major natural gas pipelines. Will OPEC respond to the drop in oil prices with a cut in production? Likely so, says The Economist. The President of South Korea has urged his population to reduce their energy consumption in order to protect the economy from the effects of the global crisis. Will Kazakhstan’s national oil fund save its economy? Ukraine’s energy ministry has approved a tender from Russia’s Atomstroyexport to construct a nuclear power plant.