Daily Archives: May 27, 2011

In the corridors of Brussels’ elegant Stanhope Hotel on Wednesday afternoon, the well-turned-out movers-and-shakers of the European energy world were marvelling at the sizeable budget and high-profile guest list for the event they were attending.

Soon to share a dais were Günther Oettinger, the European energy commissioner; his Russian counterpart, Sergey Shmatko; Alexei Miller, the chairman of Russia’s Gazprom; and Paolo Scaroni, the chief executive of Italy’s Eni. The ballroom was appointed with flat-screen video monitors and rows of chairs with corporate gift boxes.

The event was a sort of a Brussels coming-out party (and charm offensive) for South Stream, a Gazprom-backed pipeline project that aims to carry Russian and Caspian gas under the Black Sea to Bulgaria, where it would then fork off to Italy and Austria. South Stream’s backers, which include Eni, and now BASF, are due to decide next year whether or not to push ahead with the €15.5bn investment necessary to complete the sprawling project.

FT Energy Source

- Tullow pays $305m for Jubilee stake – FT

- Tullow bails out Ghana pioneers – The Telegraph

- Oil prices boost Lukoil profit – WSJ

Sinochem ignores China-Norway spat – FT

- US and China pull oil market in opposite directions – WSJ

- Economies of MENA oil importers hurting, says IMF – Argus

- Eurotunnel to link France and UK electricity – FT

- Huge solar farm opens in France – The Guardian

- Germans attack BP, Shell for overcharging – The Telegraph

- Total seeks dismissal of Russian case – WSJ

- Tunisia tensions focus on British Gas plant – FT

- Coal India in talks to buy stake in Indonesian mines – WSJ

- Now Rothschild turns his attention to oil – The Times

- Japan seeks lea role in nuclear safety – WSJ

- G8 leaders want tougher nuclear safety rule – Reuters

- ACS soap opera set to turn heads at Iberdrola – FT

- Groups turn to carbon pricing to reduce US deficit – Argus

- Green groups take EU to court over biofuels – The Guardian

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