Latest articles from Vladimir Socor

Croatia Can Call Gazprom’s Bluff on South Stream

Moscow is “pressuring” Croatia to join Gazprom’s South Stream project urgently, before Croatia’s accession to the European Union takes legal effect in 2013. An internal analysis, prepared by Croatian government officials for senior decision-makers and leaked to the press, warns that yielding to Gazprom’s demands... MORE

Kazakhstan Expands Gas Transit Pipeline Capacities and Own Exports to China

The longest section of the Turkmenistan-Uzbekistan-Kazakhstan-China transit pipeline passes through Kazakhstan’s territory: it measures 1,115 kilometers in length, of the total 1,830-kilometer Turkmenistan-China distance. Kazakhstan is adding a dedicated export pipeline for its own gas exports to China. In combination, these developments (alongside planned oil... MORE

Gazprom’s Shtokman Project: Relic of a Past Era

On August 7, Norway’s Statoil announced its exit from the super-giant Shtokman gas field development in the Russian Arctic. The Norwegian company, majority state-owned, is writing off its investment into the Shtokman project, booking $335 million (apparently most of that investment) as financial expenses for... MORE

Kazakhstan’s National Oil Company to Consolidate Bridgehead in Europe

Kazakhstan’s national oil and gas holding, Kazmunaigaz, has started its first-ever oil exploration drilling outside that country. Rompetrol Upstream, a division of Rompetrol Group, is drilling the Kaz-1 exploration well near Focsani in eastern Romania. The Rompetrol Group is a fully-owned subsidiary of Kazmunaigaz Processing... MORE

Nabucco-West Selected for Caspian Gas Delivery to Central Europe

On June 28, the Shah Deniz gas producers’ consortium in Azerbaijan announced that it has selected the Nabucco-West pipeline project to be the route for Caspian gas into Central Europe. This decision is an immediate consequence of the Azerbaijan-Turkey inter-governmental agreement, signed on June 26,... MORE

Putin, Gazprom Seek to Refloat Shtokman Gas Project

Gazprom’s Shtokman offshore gas project in the Barents Sea faces its third reconfiguration in a decade. The project – a joint venture of Gazprom with French Total and Norwegian Statoil – has yet to start in practice at the supergiant deposit in the Russian Arctic.... MORE

Ivanishvili starts selling Russian assets for liquidity

Georgian billionaire and aspirant to power, Bidzina Ivanishvili, has started selling some of his assets in Russia for liquidity. Some of the proceeds will probably be ploughed into Ivanishvili’s political operations in Georgia and third countries. Ivanishvili amassed his $6.4-billion worth  in Russia during the... MORE