During his official visit to Germany, Bulgarian President Rosen Plevneliev warned that the Kremlin’s aggression is not limited to Ukraine or the territory of the former Soviet Union, but also threatens Southeastern Europe. “Today we see an aggressive and nationalistic Russia, which pursues a policy... MORE

While Washington and Brussels are imposing more sanctions against Russia for destabilizing eastern Ukraine, the Kremlin is retaliating by deepening divisions within the European Union through the prospective South Stream natural gas pipeline. On April 17, the European parliament adopted a resolution stating that the... MORE

On April 4, the Bulgarian parliament passed on a first reading amendments to the energy law that would allow the Russian-led South Stream gas pipeline project to bypass European Union legislation. Disregarding a strong warning by the EU Commission, Bulgarian lawmakers voted to designate one... MORE

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