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Energy Blast – September 29, 2009

Bloomberg reports that oil has been trading around $66 a barrel, as spare capacity has staved off fears of supply disruption due to political disputes between Iran and the US.  Apparently German firm RWE has not renounced its plans to participate in the building of the Belene nuclear power plant in Bulgaria.  If Belene announces a tender, Russia will attempt to purchase a stake in the plant, which is being built by a Russian company, says Ria-Novosti.  Prime Minster Putin has ordered First Deputy Prime Minister Sergei Ivanov to draw up a plan for the government, for businesses and for government agencies to introduce cutting edge energy-saving technologies.  Gazprom CEO Alexei Miller has reportedly said that countries that are not as of yet involved in the South Stream project, such as Turkey and Romania, are starting to show an interest.  Gazprom will apparently carry out plans to develop the Kovykta gas condensate deposit in East Siberia.  The company has also said that it is apparently unlikely to review contracts for gas deliveries to European countries which are breaching agreement by buying less than the minimum amount agreed.