Latest Articles about Europe

TAP Project Consortium Restructured in Line with Market Priorities

The Trans-Adriatic Pipeline (TAP) project consortium is being thoroughly reconfigured, reflecting the producers’ and shippers’ options for marketing Azerbaijani natural gas in Europe.On July 30, Azerbaijan’s State Oil Company (SOCAR), BP (formerly British Petroleum), and Total of France—gas producers at Shah Deniz in Azerbaijan—entered the... MORE

Minsk’s Defense Against Russian Tycoon Takeovers

The Belarusian parliament has selectively revived the so-called “golden share” rule that applied between 1997 and 2008. According to that rule, the state’s representatives on the board of directors of any privately owned enterprise could block various decisions made by its management team. The existence... MORE

Tinkering with Gagauz Autonomy Can Destabilize Moldova

On July 24, the chief executive official (bashkan) of Moldova’s Gagauz autonomous territory, Mihail Formuzal, called for upgrading the autonomy’s status to that of a republic, on an equal footing with Transnistria, in the event that Transnistria receives republic status in a federalized Moldova (Unimedia,... MORE

Ukraine’s Air Defense: Balancing Between CSTO and NATO

Ukraine is preparing to take part in air defense exercises with Russia and Belarus and a multilateral air force exercise in Kazakhstan, all to be held by November 2013 (https://zakon4.rada.gov.ua/laws/show/200/2013). Minsk and Astana are key Russian allies in the Collective Security Treaty Organization (CSTO), and... MORE

Gazprom Resists Application of EU Law on Opal Pipeline in Germany

Russia’s Ministry of Energy and Gazprom want the European Commission to exempt the biggest pipelines in Germany, OPAL and NEL, from the European Union’s energy market legislation. OPAL and NEL are Gazprom’s joint ventures with Wintershall in Germany. The EU’s Third Legislative Package requires vertically... MORE

TAP Gas Consortium Looks at Markets from Bulgaria to Britain

Gas marketing options of the Trans-Adriatic Pipeline (TAP) project consortium may look either flexible or vague at this point. Azerbaijan’s State Oil Company (SOCAR) seems the only reassuring exception in this regard among the Shah Deniz gas producers. SOCAR had indicated all along that gas... MORE