Belarus 'Accepts' $3 Billion Loan
Finance Minister Alexei Kudrin said Tuesday that Belarus appeared to have accepted the terms of a $3 billion loan offered by a Russia-led group of former Soviet republics to save the teetering Belarussian economy from a disastrous collapse.
Nabucco Postponed, Turkmenistan Focuses on Trans-Caspian
Once again as it has before in its troubled history, the Nabucco pipeline consortium has announced a postponement of construction until 2013, citing a lack of supply contracts, Robert M. Cutler of the Asia Times reports. Gas would not start pumping until 2017
Eurozone talks in Brussels to focus on Greece
Eurozone financial ministers are to continue their talks in Brussels, with discussions now expected to focus on the dire state of the Greek economy.
Poland Warns EU Not to Interfere with Shale Gas Development
In the wake of the French government's decision to ban hydro-fracking, Poland has warned the European Commission (EC) against imposing restrictions on unconventional gas extraction technologies, but given the lack of control the EC has over such issues, the warnings are somewhat redundant.
LUKOIL sees protracted talks on Kazakh gas field
A solution to a shareholder dispute over the development of Kazakhstan's most prospective gas field could take anything from six months to 10 years, the head of Russian shareholder LUKOIL (LKOH.MM) said on Tuesday.
Pakistan proposes uninterrupted power at higher tariff
Pakistanis can now have uninterrupted electricity supply — but for a price.
Japan suffers fresh setback at Fukushima
Japanese officials are readying a new approach to stabilizing a reactor at a nuclear plant crippled by an earthquake and tsunami after discovering a leak from the containment vessel of enough radioactive water to fill an Olympic swimming pool.
Ukraine to buy less Russian gas in H2 2011
Ukraine will cut the volume of natural gas purchase from Russia in the second half of this year, Ukrainian Prime Minister Mykola Azarov has said.
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