Latest Articles about Europe

South Stream Project Contravenes EU’s Energy Market Legislation

On February 24 in Brussels, Russian Prime Minister Vladimir Putin led a governmental delegation for talks with the European Commission on the full range of EU-Russia relations. The Russian delegation lobbied heavily for EU endorsement of Gazprom’s South Stream project. It also raised strong objections... MORE

Southern Gas Corridor Risks Loss Of Strategic Focus

“Achieving the objectives of the Southern Corridor,” in the European Commission’s phrase (EurActiv, February 19), implies commitment to its strategic purpose. This is to supply countries along the Nabucco project’s route, from Bulgaria to Austria and Germany, with Caspian gas, thus reducing those countries’ dependence... MORE

Gazprom-Austrian OMV Agreement: A Political Blow To Nabucco

After selling a large block of shares in Hungarian MOL to the Kremlin-connected Surgutneftegaz, Austrian OMV CEO Wolfgang Ruttenstorfer’s final gift to European energy security is an agreement with Gazprom that interferes with the EU-backed Nabucco project. On February 21 in Moscow, Gazprom CEO Aleksei... MORE

Russia Mothballs Trans-Balkan Oil Pipeline Project

On February 17, the stakeholders and supervisory board of the Russian-led Burgas-Alexandropolis oil pipeline project shelved the project in all but name. The host countries, Bulgaria and Greece, had (each for its own considerations) recently suspended payments to the project company. The meeting decided to... MORE

South Stream CEO Makes The Case For The Project

Launched in 2007, Gazprom’s South Stream project ran out of potential gas resources by 2009 (thanks primarily to Turkmenistan’s reorientation), and out of potential financing at the same time (due to Gazprom’s declining net profits in Europe). Since 2010, Gazprom’s Italian partner ENI seeks a... MORE

Made In Germany For Russia’s Army

Germany is joining a scramble among West-European producers of military equipment for Russian orders. NATO and the United States are silent bystanders to this growing trend, which challenges the Alliance’s defense posture and planning, as well as the US’s hitherto trend-setting role in the Alliance.On... MORE

LNG Projects In Latvia And Lithuania Can BE Mutually Compatible

Poland, Lithuania, and Latvia are each planning to build a liquefied natural gas (LNG) reception terminal with a re-gasification plant on their Baltic littorals at Swinoujscie, Klaipeda, and near Riga, respectively. These projects can break Gazprom’s monopoly in the three Baltic States and Poland, creating... MORE