Daily Archives: February 18, 2011

Kiran Stacey

“Greg Barker has been rude and unprofessional.” This was the assessment of the UK’s energy minister by John Moreton, chairman of MO3, a UK solar power company.

He and the industry were furious when Barker outlined his objections to large solar farms taking government subsidies, saying:

Speculators and hot money should find another home for their investments. We want to see an ambitious roll out of solar panels on Britain’s roof space but not all over the countryside.

In response, the solar industry is now gearing up for a fight against the government’s planned review of solar feed-in tariffs.

Organised* by the Renewable Energy Association, more than 20 companies have gathered together to take on the government. They aim to gather a warchest of £200,000 and use every method at their disposal – trade bodies, lawyers and PR people.

Kiran Stacey

In this week’s readers’ Q&A session, Alexander Medvedev, deputy chief executive of Gazprom, answers your questions.

In this second post, he answers questions on support from Vladimir Putin, the likelihood of a deal between South Stream and Nabucco and future Russian gas demand.

Earlier, he discussed changes to gas pricing, how reliable a partner his company is for EU countries and how Gazprom will respond to the shale gas boom.

Next in the hotseat are Terry Duffy and Craig Donohue, chairman and chief executive of the CME Group. They will be answering your oil-price related questions next Friday, February 25th. Send in your questions for consideration by the end of Sunday, February 20th to energysource@ft.com.

But for now, over to Alexander:

Kiran Stacey

In this week’s readers’ Q&A session, Alexander Medvedev, deputy chief executive of Gazprom, answers your questions.

In the first of two posts, he discusses changes to gas pricing, how reliable a partner his company is for EU countries and how Gazprom will respond to the shale gas boom.

In the second post, published later, he will answer questions on support from Vladimir Putin, the likelihood of a deal between South Stream and Nabucco and future Russian gas demand.

Next in the hotseat are Terry Duffy and Craig Donohue, chairman and chief executive of the CME Group. They will be answering your oil-price related questions next Friday, February 25th. Send in your questions for consideration by the end of Sunday, February 20th to energysource@ft.com.

But for now, over to Alexander:

Kiran Stacey

Alexander Medvedev, deputy CEO of Gazprom, has been laying out his thoughts on the US shale boom, which threatens to knock his company off its pedestal as the dominant player in the natural gas market.

He likened the shale boom to the internet bubble, “which first blew up enormously and then flattened itself out to some rational and logical size”.

FT Energy Source

- BP calls for cuts to oil spill pay-outs – FT

- TNK-BP in key meeting over £10bn Rosneft deal – The Telegraph

- Oil spill response system launched – FT

- BP problems with Halliburton revealed – The Times (£)

- Judge tells government to resume Gulf drilling permits – NY Times

- Gazprom chief calls shale gas a ‘bubble’ – FT

- West Texas crude a ‘broken benchmark’ – Bloomberg

- PG&E profit down after pipeline blast charges – WSJ (£)

- Iran insists warships bound for Suez Canal – FT

- Essar chief meets fraud officials – The Telegraph

- Reliance cuts exports to capitalise on Indian demand – Bloomberg

- Drilling plans boost Encore – FT

- Push to further limit carbon emissions – WSJ (£)

- Solar firms launch legal battle over subsidy rethink – The Telegraph

- Break-even for a low carbon economy – The Guardian

- Study raises possibility of state emissions trading – Argus

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