Posts Tagged ‘Russia’

China closing energy deals while oil is cheap

May 30th, 2009

By MICHAEL RICHARDSON
SINGAPORE — Cash-rich China is using a period of relatively low oil prices to improve its energy security and ensure that its economy has the oil-based fuels needed to sustain growth when recovery from the slump takes hold.
Should Japan, which is currently far more reliant on imported oil than China, adopt a similar [...]

Australia, China Firms Strike Coal Deal

May 27th, 2009

SYDNEY – Under a plan to supply China with Australian coal, Waratah Coal Pty Ltd. said it has won the financial backing of Metallurgical Corporation of China Ltd., or MCC, for its planned US$5.15 billion thermal coal project in Queensland state.
The plan has several hoops to jump through before the first cargo leaves port, but [...]

Russia eyes global alliances on nuclear market

May 27th, 2009

MOSCOW, May 26 (Reuters) - Russia will seek global alliances to build a dominant position on the nuclear market as the world economic crisis dents the appeal of renewable energy, senior Russian officials said on Tuesday.
Russia, one of the world’s biggest nuclear players, this year signed deals to cooperate with Japan’s Toshiba (6502.T) and [...]

Sarkozy says he wants to help stabilize oil prices

May 26th, 2009

French president says he wants to help UAE stabilize world oil prices
ABU DHABI, United Arab Emirates (AP) — French President Nicolas Sarkozy urged both oil-rich nations and industrial powers Tuesday to work to stabilize world oil prices, noting that the global economy cannot afford major price swings while it works to recover from the [...]

Natural gas, oil prices fall

May 23rd, 2009

HOUSTON, May 22 — Energy prices fell May 21 with the biggest one-day drop in natural gas futures prices since August 2007 as the major US equity stock indexes were hammered and the dollar gained in value.
The front-month crude contract fell from a 6-month high but remained above $61/bbl on the New York Mercantile [...]

Asean joins with East Asia over oil plan

May 19th, 2009

Regional gas pipeline, power grid mooted
Southeast Asian nations have joined East Asian nations to draft a road map for a regional oil stock to avoid disruption in supply, said Dr Weerawat Chantanakome, energy policy planning councillor for the Ministry of Energy.
The plan concerns the Asean Petroleum Security Agreement (APSA), inked by Asean countries in March [...]

Falling Gas Prices Deny Russia a Lever of Power

May 16th, 2009

MOSCOW — As energy markets shrink, the same tactics that the Kremlin used to build Gazprom, the giant energy company, into a fearsome economic and political power that could restore Russian influence in the world are now backfiring, slashing both its profits and its influence.
Throughout his eight years as president of Russia, Vladimir V. Putin [...]

Japan, Russia Sign Nuclear Supply, Technology Pact

May 12th, 2009

TOKYO (AFP)–Japan and Russia have signed a nuclear energy pact that will pave the way for contracts worth billions of dollars, the head of Russia’s state nuclear agency said Tuesday.
The accord, which was inked during Russian Prime Minister Vladimir Putin’s visit to Tokyo, will allow for the transfer of Japanese technology to Russia and the [...]

Japan, Russia Sign Nuclear Supply, Technology Pact

May 12th, 2009

TOKYO (AFP)–Japan and Russia have signed a nuclear energy pact that will pave the way for contracts worth billions of dollars, the head of Russia’s state nuclear agency said Tuesday.
The accord, which was inked during Russian Prime Minister Vladimir Putin’s visit to Tokyo, will allow for the transfer of Japanese technology to Russia and the [...]

Bulgaria needs nuclear plant funding soon-adviser

April 29th, 2009

SOFIA, April 29 (Reuters) - Funding for Bulgaria’s planned nuclear power plant at Belene must be secured soon, or the multi-billion euro project will be delayed, a consultant to the scheme said on Wednesday.
The Socialist-led government and German utility RWE (RWEG.DE) have signed a deal to build Bulgaria’s second nuclear power plant by 2014-2015 [...]