Among the roles of Gazprom’s South Stream pipeline project was that of aborting the EU-backed Nabucco, merely by threatening to preempt Nabucco’s markets along the same route downstream. Conversely, Nabucco’s European rival Trans-Adriatic Pipeline project (TAP) can abort Nabucco by preempting the gas supply source... MORE

The political crisis in Bulgaria is deepening as the street protests continue despite the surprising resignation of the government on February 20. The wave of protests has spread to over 25 cities; in Sofia the demonstrators have set up a tent camp in front of... MORE

The resignation of the Bulgarian government amidst massive protests against high energy prices, poverty and corruption has left the country in disarray. Prime Minister Boyko Borisov announced the resignation of his cabinet on February 20 after protests in Sofia turned violent, leaving 25 people injured,... MORE

Last month, the Croatian government signed up to Gazprom’s South Stream pipeline project; it agreed to re-start importing certain gas volumes from Gazprom through existing pipelines from 2013 onward; it welcomed Gazprom’s offers to build jointly-owned power plants in Croatia; heard an unexpected proposal for... MORE

Croatia is expected to join the European Union as a full member in July of this year. In the energy sector, however, Croatia’s center-left government is marking the EU accession in its own ways: First, by joining Gazprom’s South Stream pipeline project, in breach of... MORE

One year after the Bulgarian parliament adopted a moratorium on shale gas exploration under pressure from environmental groups, public protests against high prices of electricity and heating have swept the country. The protests, however, seem to target the energy distribution companies and their pricing policies... MORE

After a January 27 referendum on the future of Bulgaria’s second nuclear power plant (NPP)  failed to produce a binding result, Sofia announced in a letter to the European Commission its decision to instead construct a new 1,000-megawatt (MW) reactor at the existing Kozloduy NPP... MORE

Since Transnistria elected a new “president” on December 11, 2011, Russia has been trying to tighten its controls over this province, which was carved out of Moldova and is sustained by a force of Russian troops. Over the past year, Moscow has declared its intention... MORE

On November 15, Bulgaria signed the final investment decision on the South Stream natural gas project, becoming the last country among Gazprom partners to give the project a green light. Serbia, Hungary and Slovenia have already approved their final investment agreements with Gazprom. On November... MORE

Bulgaria has tied the approval of the South Stream gas pipeline to favorable terms in the upcoming gas supply contract with Gazprom. According to an official statement from the Bulgarian government, “The condition for the approval and signing of the final investment agreement is the... MORE