The Shah Deniz gas producers’ consortium has approved the final investment decision (FID) on December 17, 2013, launching Phase Two of production at the project in Azerbaijan (see accompanying article). This decision has two immediate consequences, both of them pre-programmed. It validates the long-term gas... MORE

On December 17, 2013, in Baku, the Shah Deniz natural gas producers’ consortium approved the Final Investment Decision (FID) to start Phase Two of production. The investment commitment is valued at $25 billion for field development, separately from the estimated $20 billion for the construction... MORE

Denominating the Republic of Moldova’s indigenous ethnicity and the state language as Moldovan or Romanian is a salient, continuous, and often emotional controversy in Moldova. This issue is far more political than philological. And it is often misperceived as involving a choice between Moldovan statehood... 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

On December 5 and 24, 2013, Moldova’s Constitutional Court issued a ruling and the substantiating arguments (Moldpres, Unimedia, December 5, 24). These documents are widely interpreted to require the renaming of the state language, from Moldovan to Romanian. If so, any renaming of the state... MORE

The year 2013 was marked by Belarus’s deepening economic dependency on Russia. It became apparent that the generous socio-economic model of the Belarusian state—including heavily subsidized utilities and mortgage loans; free health care and education; a retention of the Soviet-era recreational facilities such as day... MORE

Although demonstrators still occupy the Maidan in central Kyiv and none of Ukraine’s fundamental issues that precipitated the crisis in late 2013 have been resolved, it is clear that the Russian “transfusion” of support for Ukrainian bonds and lower natural gas prices has given President... MORE

Ukrainian President Viktor Yanukovych made a sensational U-turn last year, choosing Russian economic assistance over an association and free-trade deal with the European Union. The decision, which triggered the most massive anti-government protests since 2004, was dictated by a dismal state of the Ukrainian economy... MORE

Belarus’s foreign minister, Uladzimir Makei, made noteworthy pronouncements at the summit of the European Union’s Eastern Partnership (EaP—which took place in Vilnius, Lithuania, on November 28–29) and at the 20th meeting of the Organization for Security and Cooperation in Europe (OSCE) Ministerial Council (December 5–6,... MORE

Hungarian MOL and Wintershall of Germany have signed an agreement whereby MOL acquires ownership stakes in 14 offshore oil fields originally licensed to Wintershall in the North Sea. Signed in Budapest on December 13, the agreement is expected to be closed in early 2014 pending... MORE