Gazprom, the Kremlin-backed Russian gas group, is negotiating a deal under which it could take a stake in up to five British gas-fired power stations. The move would be Gazprom’s biggest step in the UK market so far and would fuel fears about the security of future energy supplies.
Gazprom is hoping to seal an asset […]

Russia’s Gazprom gas monopoly has threatened to halve supplies to Belarus tomorrow in a payment dispute that could disrupt deliveries to western Europe.
Moscow said yesterday it would cut by 45% supplies flowing to its neighbour through export pipelines - which also carry gas to Germany, Poland and Ukraine - if Minsk did not pay debts […]

The shop around the corner raised the price of sandwiches by a quarter this week. Although the housing meltdown is raising concerns that it may take the whole American economy down with it, prices are going up and the reason is the cost of oil.

Oil giant Shell plans to increase investments in Russia despite losing control of the giant Sakhalin-2 project earlier this year.
“If we see other opportunities for setting up offshore joint ventures, then we will look at them without a doubt,” the company’s CEO, Jeroen van der Veer has said.

Well all the papers this morning are about the new cold war stand-off between American and Russia over its missile defence system, with Putin retaliating that he might position Russian nuclear weapons towards Europe.
Well nuclear missiles are not the only standoff Putin is involved in at the moment. He also cranked up the tension yesterday […]