
Latest Articles about Balkans

Shah Deniz Gas Producers Select Trans-Adriatic Pipeline Route into Europe over Nabucco
The gas producers’ consortium at Shah Deniz in Azerbaijan has selected the Trans-Adriatic Pipeline project (TAP, Greece-Albania-Italy, led by Norwegian Statoil) to deliver Azerbaijani gas to Europe. This decision eliminates the Nabucco-West pipeline project (Bulgaria-Romania-Hungary-Austria) from consideration. The decision was communicated to the two rival... MORE

Azerbaijan Wins Tender for Gas Pipelines in Greece
On June 21, Greece’s State Assets Development Fund announced that Azerbaijan’s State Oil Company (SOCAR) has won the tender to acquire control of Greek DESFA’s (Public Gas Transmission System Operator) pipelines. The Asset Fund’s board of directors expressed its unanimous satisfaction with the terms of... MORE

Patrushev in Bucharest: Russia Resetting Relations with Romania?
The Barack Obama Administration’s first-term “reset” of the United States’ relations with Russia set in motion a trend in Europe. A number of European governments have adapted the US-Russia “reset” model to their specific situations, initiating similar processes bilaterally with Russia. In Western Europe, such... MORE

Gazprom Withdraws from Tender for Greek Gas System
Russian Gazprom was poised to take over Greece’s Public Gas Corporation (DEPA), but has withdrawn from the tender literally on the last possible day. The final, binding offer was due to be submitted on June 10, but it did not arrive. Instead, Gazprom claims that... MORE

Igor Sechin Door-Crashing in Croatia
Croatia is set to join the European Union as a full member on July 1. This makes Croatia a more attractive object of Russian energy interests. The head of Zarubezhneft (Nikolai Brunich, who has in the meantime taken over as chief of Transneft) visited Zagreb... MORE

Bulgaria: A Volte-Face on Energy Projects
Although lacking a parliamentary majority, the new Socialist-led government of Bulgaria, is hurriedly reversing critical energy sector decisions of the previous center-right government, thus bringing the country closer to Russia. Within two weeks of the cabinet’s appointment, discussions are underway to reopen the Belene Nuclear... MORE

Minor Russian Company Hints at Gazprom Support to Buy Greek Pipelines
Pressed by international creditors and its own insolvency, Greece is selling off DEPA/DESFA, the state-controlled natural gas company. While Russian Gazprom looks set to acquire DEPA (Public Gas Corporation, the gas procurement and dominant distribution company), the little-known Russian company Sintez is bidding for DESFA... MORE

Gazprom Sets Stage for Takeover of Greek State Gas Company
Insolvent Greece is auctioning off its state assets, both as a matter of necessity and as a condition imposed by international creditors for bailing out the country. The state-controlled natural gas company, DEPA/DESFA, is by far the most valuable asset in the Greek privatization package.Russian... MORE

Potential Socialist-led Government in Bulgaria Could Help Russian Energy Interests
The Bulgarian general elections on May 12 produced a hung parliament and little hope that the political stalemate would be easily overcome. Political instability is expected to continue during a prolonged period of appointing a new government. The scandals with pre-election wiretapping and the discovery... MORE

Fresh Protests Threaten to Follow Bulgarian Parliamentary Election
Parliamentary elections in Bulgaria on May 12 are unlikely to ease tensions after weeks of public protests against poverty and corruption brought the government down in February. Nor will the vote open the way for economic reform to increase growth and improve living standards in... MORE