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Latest Articles about Balkans
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SCP, TANAP, TAP: Segments of the Southern Gas Corridor to Europe
Full-scale investment approved at Shah Deniz, and supply contracts secured in Europe, make it possible for pipeline construction to proceed along the 3,500-kilometer Southern Gas Corridor, from Azerbaijan to European Union territory in Italy. The cumulative investments are estimated at $25 billion in the offshore... MORE
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Balkan Energy: A Year in Review
The year 2013 was particularly important for energy security in the Balkans, as it brought the news that Caspian natural gas is closer than ever to reaching a region that has been heavily dependent on Russian sources. At the same time, the Russian-led South Stream... MORE
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Gazprom Agreements on South Stream Breach EU Law; Bulgaria and Serbia Ask EU to Negotiate with Russia
The construction of the South Stream natural gas pipeline was effectively put on hold after the European Commission (EC) announced that Russia’s bilateral agreements with Bulgaria, Serbia, Hungary, Slovenia, Greece and Austria were in breach of European Union law. Klaus-Dieter Borchardt, director for energy markets... MORE
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Croatian Government Can Still De-Escalate Tensions with Hungarian MOL
The Croatian authorities’ pressures on Hungarian MOL (see EDM, November 14) are not a novel development. In 2011, the government (led by the Croatian Democratic Union at that time) imposed a legal cap on MOL’s stake in INA at 49 percent. When the European Union’s... MORE
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Croatian Government Seeks to Change Agreement with Hungarian MOL Under Duress
The Croatian government and the Hungarian MOL oil and gas group have entered into negotiations over the future of INA, the main oil and gas company in Croatia and the largest business entity in the country. MOL (itself Hungary’s largest business group, 25 percent state-owned)... MORE
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Bulgarian Socialists Vow to Strengthen Economic Relations with Russia
The Bulgarian government intends to intensify its economic relations with Russia, according to Socialist party leader Sergey Stanishev. “This is a way for our country to develop as a modern and technologically advanced economy,” Stanishev told the annual gathering of Bulgarian Russophiles in early September.... MORE
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The Summer of Protests in Bulgaria
The anti-government protests in Bulgaria have continued for over 60 days with no sign of resolution during the summer. Thousands of demonstrators demand the resignation of the Socialist-led government, deeming it corrupt and protective of oligarchic interests, including Russian political and business interests. Slogans condemning... MORE
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Gas Supply Diversification Prospects Uncertain in Central and Southeastern Europe
The demise of the Nabucco-West gas pipeline project leaves Romania and Hungary dependent on Russian gas imports, and scrambling for diversification solutions that variously look sub-optimal or doubtful. Conversely, the go-ahead to the Trans-Adriatic Pipeline (TAP) project inspires some hopes for trickle-down supplies of natural... MORE
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TAP Project Consortium Restructured in Line with Market Priorities
The Trans-Adriatic Pipeline (TAP) project consortium is being thoroughly reconfigured, reflecting the producers’ and shippers’ options for marketing Azerbaijani natural gas in Europe.On July 30, Azerbaijan’s State Oil Company (SOCAR), BP (formerly British Petroleum), and Total of France—gas producers at Shah Deniz in Azerbaijan—entered the... MORE
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Romanian Gas Pipeline Might Free Moldova from Gazprom’s Monopoly
Visiting the Republic of Moldova on July 17, Romanian President Traian Basescu announced the imminent start of the construction of a natural gas pipeline to connect Romania with Moldova. The work is planned to start on August 27 (Moldpres, July 17, 18). Its modest size notwithstanding, this... MORE