Energy Blast – September 30, 2010

Bloomberg examines Rosatom’s grand plans for expansion under Chief Executive Officer Sergei Kiriyenko; with 15 reactors under construction across the globe, it is seen as a major market player.  Iran’s Bushehr nuclear power plant will begin to supply energy at the beginning of 2011, several months later than expected, possibly as a result of the plant being hit by the Stuxnet virus.  Russia’s ambassador to the UN, Vitaly Churkin, has apparently called on Iran to cooperate with the UN’s nuclear watchdog, the IAEA.  TNK-BP is solidifying its plans to invest in Vietnam by signing a contract with the country’s state-run Oil and Gas Group to deliver 100,000 metric tons of oil via the East Siberia-Pacific Ocean pipeline in November.  The bidding for the Trebs and Titov fields could be suspended if any of the four companies take issue with their removal from the competition.   Gazprom Neft is apparently considering that option.