Energy Blast – Oct 16, 2008

A further group of Russian energy companies is planning to ask the government for ‘tens of billions of dollars of cheap loans’ to stave off the effects of the financial crisis. ‘Turkmen gas riches may exceed the West’s wildest dreams’ – if so, what lies ahead for EU energy relations? Foreign Minister Sergei Lavrov reiterated his view that sanctioning Iran for its nuclear work is ‘counterproductive’.