Posts Tagged ‘Ukraine’

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 [...]

Safety-first approach makes nuclear a better option

April 19th, 2009

After the first flush of excitement at its discovery, and the long decades when nuclear power was put aside, it is undergoing a renaissance in Britain. But can it be safe?
The early days of nuclear power produced great excitement that enormous quantities of energy could be obtained from tiny amounts of fuel. To get some [...]

Oil edges down towards $36 in thin trading

January 19th, 2009

By Maryelle Demongeot
SINGAPORE, Jan 19 (Reuters) - Oil fell almost 1 percent towards $36 a barrel on Monday in holiday-thinned trading, erasing some of the late gains made last week on short covering, with worries about weakening oil demand again at the forefront.
A ceasefire between Israeli forces and Hamas fighting in Gaza, together with [...]

Gas deliveries still stalled in Europe

January 14th, 2009

MOSCOW, Jan. 14 (UPI) — Russia and Ukraine Wednesday bickered over gas deliveries to Europe, in spite of international efforts to broker an accord.
More than a week into the dispute, with international monitors in place to observe gas flows, Russia’s state-run energy concern Gazprom accused Ukraine’s Naftogaz of blocking deliveries intended for Europe, Deutsche Welle [...]

Poland aiming at own nuclear power by 2020

January 13th, 2009

WARSAW, Poland – Poland’s prime minister says the ongoing natural gas dispute between Russia and Ukraine is pushing his government to speed up plans to build nuclear power plants.
Donald Tusk said his Cabinet decided Tuesday to step up construction of its first-ever nuclear power plants, and that he expects them to produce power by 2020.
Tusk [...]

Oil prices shed $2 on economic downturn fears

January 12th, 2009

LONDON (AFP) — Oil prices dropped some two dollars on Monday on concerns that a deepening global economic downturn could spark a slump in demand for energy, analysts said.
The market was also weighed down by news of a possible resolution to the ongoing Russia-Ukraine gas supply crisis, they added.
Traders also tracked developments in the Middle [...]