Energy

Energy
“AN ERA OF GLOBAL NUCLEAR RENAISSANCE HAS BEGUN”

	As the need for energy keeps growing, the world is looking for ways to get its power at lower costs and is considering options for modernising existing nuclear power plants.
	READ

Energy
BACK TO ATOM

	Who has gained and who has lost in the Russian-Ukrainian gas conflict in January? Analysts tend to believe that nuclear energy is the ultimate winner in Europe. What we are witnessing is a new era, a European nuclear renaissance.
	READ

Energy
AWAY OUT OF THE BALKAN LABYRINTH

	Bypassing the Bosporus and Dardanelles, the South Stream gas pipeline and the Burgas-Alexandroupolis oil pipeline open new prospects for Europe’s energy supplies.
	READ

Energy
RUSSIAN SPECIFICS OF TURKMEN SHELF

	Only 20% of Turkmenistan’s oil and gas producing offshore areas is developed industrially. This generates a long-term strategic interest among the world’s leading oil and gas producers.
	READ

Energy
TOTAL SHTOKMAN

	Total will hold a 25% stake in the development of Shtokman gas condensate field. In exchange Gazprom plans to gain access to the French energy giant’s assets.
	READ

Energy
The Balkans direction of Russia’s energy offensive

	Russia is taking its energy resources to Europe along several routes. The South Stream gas pipeline will stretch for 900 km through the Black Sea from Russia to Bulgaria.
	READ

Energy
Gazprom Goes to Europe

	Despite the uncertainty caused by the deterioration of Moscow-Brussels relations in the energy sector, Gazprom continues increasing its presence in Europe.
	READ

Energy
OIL PIPELINES TO CRISSCROSS EUROPE

	March 15th, Russia, Bulgaria and Greece signed an agreement about the construction of the oilpipeline Burgas–Alexandroupolis.
	READ

Energy
LIPETSK REGION DEVELOPMENT OF SPECIAL ZONES DEPENDS ON ENERGY SUPPLY

The Lipetsk Region (Central Russia) is actively developing special economic zones oriented to both industrial and agricultural production. Recently, it was decided to set up two regional-level tourism and recreation zones there. Vladimir Podgorny, head of the regional investment and international relations department, spoke about the development of the Lipetsk zone in an interview with FC Novosti.

READ

Energy
RUSSIA’S NEIGHBOURS READY TO CHANGE THEIR GAS IMPORT POLICIES

	Some experts believe, that the signing in Ankara of the intergovernmental agreement on Nabucco pipeline project to supply Europe with natural gas from the Central Asia through Turkey and the territory of some other countries, will weaken the European dependence on Russian gas. However, there are other points of view.
	READ

Energy
NORD STREAM AND SOUTH STREAM GAS PIPELINE PROJECTS AND THE CONTROVERSY AROUND THEM AS SEEN IN CENTRAL EUROPE

	One of the most pressing issues facing the European Union remains the question of energy security. Czech Republic, as the EU Chairman, has made and will probably continue to make certain steps supporting the Nabucco project, the pipeline which is to transport gas from the Caspian Sea to the Eastern and Central Europe bypassing Russia.
	READ

Energy
THE BEST WAY TO PARTICIPATE IN THE CLEAN ENERGY INVESTMENT THEME

Oil prices have dropped 60% since the peak in June. While the fall was welcomed at the beginning, it became a source of concern with the financial crisis. While the consensus thought the worst was over in the long ascent for oil prices, we believe this was only a momentary pullback. In fact, we believe the credit crisis and deleveraging process has affected hedge fund strategies forcing many positions to be closed at any price. This has pushed commodity and energy prices beyond the theoretical price normally associated with a recession scenario. Major exporting countries have production, consumption and export trade off problems with the net export factor being one of the most significant.

READ

Energy
HOLCIM: A CHALLENGING DEVELOPMENT EASTWARD

	After record results in 2007, the Swiss cement manufacturer plans on increasing its capacities in Russia. However, the specter of rising energy prices threatens to trim its profit margins.
	READ

Energy
CLEAN ENERGY: THE THEME OF THE CENTURY

	As demand for oil continues to grow, the coming shortfall can only mean disappointment for those around the world who aspire to live more like Americans and Europeans.
	READ

Energy
CASPIAN EQUATION WITH NUMEROUS UNKNOWNS

	In the former soviet republics bordering the Caspian Sea an active struggle is taking place in the oil and gas sectors. This region, which holds 4.3% of the world’s proven gas reserves, was bound sooner or later to become the epicentre of high geopolitical tensions.
	READ

Energy
NUCLEAR FUSION IS STIRRING UP COMMERCIAL APPETITES

	At Cadarache, France, countries fromall over the world are working hand in hand to develop an experimental ITER reactor. But the closer they come to achieving practical results, the more they are reverting to solitary national research.
	READ

Energy
ROSATOM: FROM FEDERAL AGENCY TO STATE HOLDING

	The Rosatom state corporation will bring together all nuclear assets in the civilian sector and inmilitary federal state unitary enterprises. Its organisation is progressing at a brisk pace as a direct result of President Vladimir Putin’s initiatives.
	READ

	Central Bank affirms refinancing rate
	31-08-2010 MOSCOW. The board of directors of Russia’s Central Bank has decided to affirm the refinancing rate and the interest rate on its transactions, the bank’s external and public relations department said. Given the current trends in the Russian economy and persistent inflation risks due to obtaining monetary conditions, the Bank of Russia deems it possible to affirm the parameters of the monetary and credit policy aimed at facilitating the growth of loan activity in the banking sector and resumption of sustainable economic growth, the statement reads.	X

	LUKoil ups production of market-grade hydrocarbons 2% in 1h10
	31-08-2010 MOSCOW. LUKoil on Tuesday reported that its six-month production of market-grade hydrocarbons grew 1.9% in the first six months of 2010 year-on-year, to 2.262mn bpd of oil equivalent. Daily gas production rose 25.5%, to 300,000 bpd of oil equivalent, Russia's number two oil producer said. The company produced 48.14mn metric tons (353.8mn bbl) of crude in the reporting period. Market-grade gas production was 9.24bcm (326.2 bcf), including 6.76 bcm in Russia (up 34.9% y-o-y) and 2.48 bcm at foreign operations (up 5.6%). The company’s oil refining at own facilities grew 8.2% to 32.41mn tons, including its share in the ISAB and TRN refineries. LUKoil’s Russia based refineries showed a 1.5% increase in production volumes and foreign facilities 26.1%. The company exported 20.4mn tons of crude and 12.9mn tons of refined products in the reporting period; its total sales grew 2.7%, to 76.8mn tons (564.5mn bbl).	X

	Legislative initiatives: August 20 – 27, 2010
	31-08-2010 MOSCOW. President Dmitry Medvedev instructed the government to work out proposals to develop the system of local governments. * The Federal Anti-trust Service proposed establishing a common system of exchange grain trade through launching round-the-clock trading. * Services conglomerate Sistema board chairman Vladimir Yevtushenkov and Anatoly Chubais, the head of state nanotechnologies corporation RusNano, proposed adopting a programme to regulate the country’s microelectronics sector. * The Natural Resources Ministry approved the structure of draft guidelines of Russia’s state environmental policy through 2030. * The bill expanding the powers of executive power bodies regarding emergency relief payments was submitted to the State Duma, the lower house of parliament. * Participants of a round table in the Federation Council, the upper house of parliament, decided that the law on police needs to be revised. They proposed that President Dmitry Medvedev hold a meeting of the State Council and that the Federation Council convene the Council of Legislators to discuss the issue. * The Natural Resources Ministry drafted measures to stimulate the exploration of Russia’s continental shelf. *** The State Duma may consider a government bill to simplify the licensing procedure in October 2010.	X

	M.video may acquire Ukrainian retailer Comfy
	31-08-2010 MOSCOW. Russian consumer electronic retail chain M.video is in talks to acquire Ukrainian electronic... YOU NEED A SUBSCRIPTION TO READ THIS ARTICLE	X

	Russia invites China to join three uranium projects
	31-08-2010 BEIJING. Russia has sent proposals to China to set up three joint ventures to mine uranium. Sergei ... YOU NEED A SUBSCRIPTION TO READ THIS ARTICLE	X

	Investors to withdraw $10bn from Russia in 2010
	31-08-2010 MOSCOW. Net capital outflow from Russia will be about $10bn in 2010, Deputy Economic Development Min... YOU NEED A SUBSCRIPTION TO READ THIS ARTICLE	X

	World Bank Group member to invest over $1bn in Russia
	31-08-2010 MOSCOW. The International Finance Corporation (IFC) will invest some $1.1bn-$1.2bn in Russian projec... YOU NEED A SUBSCRIPTION TO READ THIS ARTICLE	X

	Sibirtelecom’s IFRS net profit up almost 190% in 1h10
	31-08-2010 MOSCOW. Sibirtelecom, Siberia’s largest telecoms operator, posted a 187% increase in its net profi... YOU NEED A SUBSCRIPTION TO READ THIS ARTICLE	X

	National TV company to help Sistema build film studio
	31-08-2010 MOSCOW. VGTRK, Russia’s national TV and radio broadcasting company, has reached an agreement with ... YOU NEED A SUBSCRIPTION TO READ THIS ARTICLE	X

	$59mn to be invested in building four small hydropower plants in Karelia
	31-08-2010 PETROZAVODSK. An investment project to build four small hydroelectric power plants with a total capa... YOU NEED A SUBSCRIPTION TO READ THIS ARTICLE	X

	Cigarette filter plant in Pskov Region to be unveiled in 2011
	31-08-2010 PSKOV. A cigarette filter plant in the Pskov Region to be unveiled in 2011 will be a carbon copy of ... YOU NEED A SUBSCRIPTION TO READ THIS ARTICLE	X

	Finance ministry sees no need to review monetary policy
	30-08-2010 MOSCOW. Finance Minister Alexei Kudrin told the media when commenting on the country’s reviewed so... YOU NEED A SUBSCRIPTION TO READ THIS ARTICLE	X

	Russia remains competitive in military aircraft manufacturing and shipbuilding
	30-08-2010 MOSCOW. Russia’s military aircraft and naval ships are in great demand in the world, Prime Ministe... YOU NEED A SUBSCRIPTION TO READ THIS ARTICLE	X

	Government will continue to support Russian carmakers
	30-08-2010 MOSCOW. The government will encourage foreign automakers to localise production in Russia, including... YOU NEED A SUBSCRIPTION TO READ THIS ARTICLE	X

	FGC UES to provide electricity to Transneft’s projects
	30-08-2010 MOSCOW. Russian electric grid company FGC UES, the country’s largest hydroelectric power producer ... YOU NEED A SUBSCRIPTION TO READ THIS ARTICLE	X

	Kinross buys two Chukotka gold mines
	30-08-2010 MOSCOW. Canadian Kinross Gold Corp has closed a deal to buy 100% of shares of Aurelius Holdings Ltd,... YOU NEED A SUBSCRIPTION TO READ THIS ARTICLE	X

	Norilsk Nickel pays 2009 dividend
	30-08-2010 MOSCOW. Norilsk Nickel completed the payment of dividends in the amount approved by the Annual Gener... YOU NEED A SUBSCRIPTION TO READ THIS ARTICLE	X

	Kalina’s IFRS net profit up 5.3% in 1h10
	30-08-2010 MOSCOW. The net profit of one of Russia’s leading cosmetics producers, Kalina, calculated to Inter... YOU NEED A SUBSCRIPTION TO READ THIS ARTICLE	X

	Mechel, FGC UES, RusHydro reach deal to power Elga coal deposit development
	30-08-2010 MOSCOW. Russia's leading mining company Mechel, the country’s largest hydroelectric power producer... YOU NEED A SUBSCRIPTION TO READ THIS ARTICLE	X

	Town of Sokol to be modernised under investment plan
	30-08-2010 VOLOGDA. The administration of the northwest Russian Vologda Region has approved a modernisation pla... YOU NEED A SUBSCRIPTION TO READ THIS ARTICLE	X