Latest Articles about Europe
Ukrainian President-Elect Yanukovych Resurrects Gas Consortium Scheme
Throughout the electoral campaign, Ukrainian President-elect Viktor Yanukovych promised to seek a special deal with Russia on natural gas: Russia to supply Ukraine with gas at discounted prices and, in return, be allowed to take over an ownership share in Ukraine’s gas transit system, which... MORE
Franco-Russian Naval Sale is a Challenge to NATO
NATO is being tested, with “its future at stake,” not so much in Afghanistan as the line recently went, but rather in Brussels itself and in the Alliance’s most influential capitals. The latest among these tests –one that the Alliance seems only determined to side-step–... MORE
La France D’Abord: Paris First to Capitalize on Russian Military Modernization
French President Nicolas Sarkozy has approved the sale of one Mistral-class warship to Russia; and France is now considering Moscow’s request for three more of that class of helicopter-carrier and amphibious-assault ship.The Russian Navy’s First Deputy Chief of Staff, Vice-Admiral Oleg Burtsev, broke the news... MORE
Shtokman Gas Project Postponed: Implications for Russia, Europe and the US
On February 5, the Gazprom-led Shtokman Development Company and operator of the supergiant gas project in the Russian Arctic, announced that investment decisions and field development are being postponed. The investment decision for field work is being rescheduled, from the end of 2010 to late... MORE
Yanukovych Faces Uphill Struggle for Control of Ukraine, Despite Victory in Presidential Election
As expected, opposition leader Viktor Yanukovych has won the February 7 presidential election runoff. Unlike in 2004, when Yanukovych lost a controversial poll to Viktor Yushchenko and his supporters were accused of large-scale election fraud, this time international observers said the election was free and... MORE
Can Nabucco be Married Off to Gazprom?
Unexpectedly, the US State Department’s Special Envoy for Eurasian energy affairs, Richard Morningstar, seems to embrace the idea of allowing Gazprom to become a user of the Nabucco pipeline. Speaking in Washington at the Center for American Progress (a think-tank associated with left-leaning constituencies in... MORE
Nabucco Gas Project Retains Political and Business Momentum
On February 3, the Bulgarian parliament ratified the inter-governmental agreement on the Nabucco gas transport project, as signed in July 2009 by the five stakeholder countries (the German company RWE being the sixth stakeholder) (BTA, February 3). The Bulgarian ratification vote was unanimous, implicitly confirming... MORE
Belarusian Opposition Prepares for Local and Presidential Elections
On January 28, Ales Mikhalevich, the former Deputy Chairman of the Belarusian Popular Front, announced that he will run for the Belarusian presidency in the election anticipated next year (Belapan, January 28). He is the second oppositionist anticipated to participate, as Alyaksandr Milinkevich, the leader... MORE
Au Pays des Lumieres: Gazprom’s Partner Eutelsat Disconnects Georgian TV Channel
On February 1, the Paris-based Eutelsat, Europe’s number one satellite television operator, disconnected Georgian Public Broadcaster’s First Caucasus TV Channel from its satellite, after a one-week successful transmission test. Eutelsat also declared that it was backing out of its own contract offer to the Georgian... MORE
Hungary Signs South Stream Project Agreement
On January 31 in Budapest, Russian and Hungarian officials signed the project agreement for the construction of Gazprom’s South Stream pipeline on Hungarian territory. Hungary’s privately-owned MOL Company, a member of the Nabucco consortium, is not a party to the South Stream agreement. Hungary participates... MORE