Daily Archives: August 26, 2009

Ed Crooks

In Energy Source:

Gazprom counts the cost of Ukraine dispute Read more

Ed Crooks

A PS to the approval for the giant Gorgon gas field in Australia on Wednesday: the decision was made by Peter Garrett, the country’s environment minister, who will be better known to readers of a certain age as the (former) lead singer of Midnight Oil.

Even as a minister, Mr Garrett cuts an imposing figure; as a rock star, he was extraordinary (you can get a sense of him on YouTube.) Read more

Ed Crooks

Gazprom’s profits were battered by plunging gas sales to the European Union and Ukraine in the first three months of the year, it has reported in its latest results under international accounting standards.

A 62 per cent drop in profits to Rbs110bn (about $3.5bn, at today’s exchange rate), reflects steep falls in gas export volumes, which were down 31 per cent to the EU, and 61 per cent to the former Soviet Union countries, including Ukraine. The economic downturn, which has hit demand for gas, particularly from industrial users, in Europe and around the world, was part of the reason; supply disruptions caused by the interruption of flows to Ukraine during the pricing dispute in January were another.

However, there were also some more positive signs in the figures. Read more

James Fontanella-Khan

Koreans plan gas pipeline to China
Burma coast to be linked to Yunnan (FT)

China racing ahead of US in the drive to go solar
Chinese companies have already pushed down price of solar panels (NYT) Read more