Kazakhstan’s national oil and gas holding, Kazmunaigaz, has started its first-ever oil exploration drilling outside that country. Rompetrol Upstream, a division of Rompetrol Group, is drilling the Kaz-1 exploration well near Focsani in eastern Romania. The Rompetrol Group is a fully-owned subsidiary of Kazmunaigaz Processing... MORE

Potential large shale gas deposits in Europe have raised hopes that the old continent may in the future rely less on oil and natural gas imports from Russia. However, fears of potential environmental effects of hydraulic fracturing and the lack of a clear policy by... MORE

After Bulgaria (see EDM, January 24), Romania might unnecessarily miss its own chance to explore a promising shale gas potential in partnership with the Chevron Corporation. Unlike the Bulgarian situation, Romanian protests against shale gas exploration are peripheral, outside the political system, and not backed... MORE

On March 22 and 25, Romania’s Foreign Affairs Minister, Cristian Diaconescu, announced on television that a “legal dispute” (“litigium”) exists between Romania and Bulgaria over the delimitation of their maritime border, continental shelf, and exclusive economic zones in the Black Sea. The dispute affects, in... MORE

On October 14, Hungary and Romania inaugurated a gas pipeline connecting the two countries’ transmission systems. The Szeged (Hungary) – Arad (Romania) pipeline is the first in a series of interconnector projects supported by the EU in Central and Southeastern Europe. The EU’s Energy Commissioner,... MORE

On October 13 in Bucharest, Gazprom CEO Aleksei Miller held talks with Prime Minister Emil Boc, Economics Minister Ion Ariton, and other officials, on Romania’s possible participation in Gazprom projects. Adriean Videanu, economics minister until six weeks ago and (unusually in Romania) an active proponent... MORE

On September 14 in Baku, the heads of state endorsed the Azerbaijan-Georgia-Romania Interconnector (AGRI), a project to import natural gas from Azerbaijan to Romania and onward to Hungary. The project involves the liquefaction of gas for shipment by tankers across the Black Sea from Georgia... MORE

During a meeting on September 13-14 in Baku, Presidents Ilham Aliyev of Azerbaijan, Mikheil Saakashvili of Georgia, and Traian Basescu of Romania, as well as Prime Minister Viktor Orban of Hungary, announced the launching of a liquefied natural gas (LNG) project. Designated as the Azerbaijan-Georgia-Romania... MORE

On September 7 in Brussels, three leading international financial institutions launched the process of funding the Nabucco gas pipeline project, potentially to a multi-billion Euro level. The European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), and the World Bank’s International Finance... MORE

Gazprom’s proposal for German RWE to join Gazprom’s South Stream project, has fallen flat at both the corporate and the political levels in Germany. The proposal clearly aimed to disrupt the European Union-backed Nabucco project, where RWE is a key stakeholder, developing offshore gas in... MORE