Ukraine secures cheap Russian coal, power supplies

Dec 28, 2014

Ukraine secures cheap Russian coal, power supplies

Moscow promised on Saturday to resume shipping coal and provide electricity to Ukraine for the first time in three years despite Kiev’s failure to guarantee energy supplies to Russian-occupied Crimea. Russian President Vladimir Putin’s unexpected decision was announced just a day after Ukraine upped ...

Dec 25, 2014

METI may seek to replace aging reactors despite Abe pledge

As the Abe administration strives to revive the nuclear power sector, stalled since the March 2011 Fukushima crisis, an interim report by an industry ministry committee on energy policy has suggested that the construction of new reactors to replace units that are too old ...

Methane hydrate extracted from Sea of Japan

Dec 25, 2014

Methane hydrate extracted from Sea of Japan

The government has succeeded in extracting samples of a next-generation resource called methane hydrate from the bottom of the Sea of Japan, the Agency for Natural Resources and Energy said Thursday. Researchers conducted drilling surveys and were able to obtain samples of the “fiery ...

Dec 22, 2014

Abe administration may up local subsidies to get reactors back online

The Abe administration is considering boosting the subsidies that municipalities receive for hosting live nuclear plants in a bid to overcome local resistance to reactor restarts, sources said Monday. The government is currently paying the cash even though all 48 of the nation’s reactors ...

Iran's support for Syria tested by steep fall in oil revenues

Dec 20, 2014

Iran's support for Syria tested by steep fall in oil revenues

Syrian businessmen and trade officials are worried that the economic lifeline provided by Iran is under strain from plunging oil prices despite public messages of support from Syria’s strongest regional ally. Syrian President Bashar Assad has relied on oil-producing Iran to help him fight ...

Russia's shriveling economy becomes a global threat

Dec 17, 2014

Russia's shriveling economy becomes a global threat

by Josh Boak

Russia’s suddenly escalating financial crisis risks spilling beyond its borders and endangering parts of the global economy. With economies in Japan, China, Europe and Latin America already ailing, fresh threats have emerged from Russia’s shriveled currency, its move to dramatically boost interest rates, the ...