The crisis in Ukraine has resonated throughout Southeast Europe, evoking memories of the violent break-up of Yugoslavia and worries of fresh interruptions in Russian energy supplies. As the European Union and the United States condemn Russia for its military takeover of Crimea and prepare to... MORE

On January 28, Russian President Vladimir Putin announced in Brussels that the European Union has agreed to give Russia full access to the OPAL pipeline in Germany, the largest natural gas pipeline in Europe. “We had problems with access to the OPAL gas pipeline, which... MORE

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

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

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

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

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

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

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

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