Poland consumes some 14.5 billion cubic meters (bcm) of gas annually (unaffected by the economic recession elsewhere). The country produces some 4.3 bcm per year internally while importing the remainder from Gazprom (Bloomberg, September 18). Most of Gazprom’s deliveries enter Poland through the Yamal-Europe pipeline,... MORE

Moscow has apparently chosen Poland as a ground for testing the European Union’s common energy policy. In ongoing negotiations for a new supply agreement, Gazprom seeks to pressure Poland to circumvent or breach the EU’s legislation on energy market liberalization (Third Energy Package, 2009). Russia... 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

London-based Chechen rebel envoy Akhmed Zakaev was arrested today (September 17) in Poland, where he had traveled to attend the World Congress of the Chechen People taking place in Warsaw on September 16-18. A Polish police spokesman told Reuters that Zakaev, who was granted political... 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

Russia’s Surgutneftegaz has filed a case in Budapest’s Metropolitan Court, seeking legal registration as a stakeholder in Hungarian MOL, the national oil and gas company. Surgut is asking the court to invalidate MOL’s April 2010 refusal to enter the Russian company’s shares in the Hungarian... MORE

At its annual meeting of shareholders on April 29, Hungarian MOL oil and gas company cemented its defense against a possible takeover move by Russian Surgutneftegaz. With corporate and legal defenses in place, and a new Hungarian government firmly installed after the landslide election victory,... MORE

Two distinct and remarkably dissimilar international events developed in parallel in Russian foreign policy over the last two weeks: rapprochement with Poland and networking in Latin America. The latter started with Prime Minister, Vladimir Putin’s, visit to Venezuela and continued with President, Dmitry Medvedev’s, official... MORE

For the second consecutive year, Russia’s Surgutneftegaz has failed to crash the door of the Hungarian MOL’s annual general meeting of its shareholders and the board of directors. The April 29 event seems set to consolidate MOL’s defenses against such predatory takeover tactics. MOL’s oil-refining... MORE