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Energy Blast – October 2, 2009

Russia set a new monthly record for crude oil production in September, at 10 million barrels per day for the first time in a single month.  Naftogaz has not repaid its $500 million eurobond.   Russia will await the approval of the IAEA before enriching Iran’s uranium stocks.  Ukraine’s state pipeline operator has refused to supply crude to Lukoil’s Odessa refinery, imperiling the future of the Russian company’s operations there.  A unit of Gazprom has apparently begun the trading and marketing of natural gas in North America.  Uranium miner ARMZ is in talks with Canada’s Cameco Corp on potential joint mining ventures in Australia and Africa.  Hungary’s MOL has completed an emergency gas storage facility to operate in the event of a disruption in supplies.  Denmark’s Dong Energy has apparently signed a contract with Gazprom to double deliveries of natural gas through Nord Stream from 2012.  The first gas to come through the Nabucco pipeline will be at the end of 2014, and will probably come from Iraq, says the Moscow Times.  According to Reuters, Italian power firm Enel is considering involvement in building a nuclear power station in Kaliningrad.