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Latest Articles about Europe
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Putin, Gazprom Bluffing to Hungarians on South Stream
On March 10 in Moscow, Gazprom and Hungary's Development Bank signed the initial documents for a joint venture to implement Gazprom's South Stream pipeline project on Hungarian territory. The respective chairmen, Alexei Miller and Janos Eros, signed the documents in the presence of Prime Ministers... MORE
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MOL, Gazprom to Build Gas Storage Site in Hungary Independent of South Stream
On March 10 in Moscow, Hungary's privately-owned MOL oil and gas company signed an agreement with Gazprom Export in Moscow to jointly establish a gas storage company in Hungary. Prime Ministers Vladimir Putin and Ferenc Gyurcsany witnessed the signing. This project is separate from and,... MORE
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Nalyvaychenko Becomes Ukrainian Security Chief After Two Years in Legal Limbo
The Ukrainian parliament on March 6 approved President Viktor Yushchenko's nomination for Security Service of Ukraine (SBU) chief, Valentyn Nalyvaychenko. Yushchenko's choice was backed by 230 votes in the 450-seat unicameral body. Nalyvaychenko was supported by a coalition of Prime Minister Yulia Tymoshenko's bloc (BYT),... MORE
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Corruption in Romania—Can It Be Eliminated?
Romania and Bulgaria find themselves in the unenviable position of being the poster children for corruption in the EU. Bulgaria is plagued by organized crime gangs roaming the streets of its cities and killing for hire, while Romania is saddled with corrupt politicians who seem... MORE
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Chancellor Merkel Says Nein to Nabucco
Shifting gears from an ostensible equidistance between pipeline projects, German Chancellor Angela Merkel has come out against proposals to use European Union funds to kick-start the Nabucco pipeline project for bringing Caspian gas to Europe. Although Germany was never interested in this project in a... MORE
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Security Service Raids Ukrainian State Gas Companies
On March 4 and 5 armed units of the Security Service of Ukraine (SBU) conducted raids on the headquarters of Naftohaz Ukrainy, the state-owned oil and gas company, and UkrTranshaz, the operator of the Ukrainian gas pipeline company. According to a March 5 report by... MORE
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Hungary’s MOL Driving Efforts to Interconnect Gas Markets
On March 3 the Hungarian gas transmission operator FGSZ—a subsidiary of MOL, the Hungarian oil and gas company—signed a contract with Croatia's state pipeline operator Plinacro to build an interconnector gas pipeline between the two countries. The project fits within MOL's strategy of promoting construction... MORE
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Turkey’s Stalling on Nabucco Hurts Europe, Azerbaijan, and Itself: Part Two
Ankara's stalling tactics in the negotiations on the Western-backed Nabucco project (see EDM, March 4) are partly inspired by the AKP government's vision of a strategic partnership with Russia. Turkish officials have from time to time mooted the inclusion of Gazprom in the Nabucco project.... MORE
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Turkey’s Stalling on Nabucco Hurts Europe, Azerbaijan, and Itself: Part One
During the recent Nabucco summit in Budapest on January 26 and 27 (see EDM, January 29, 30), EU Energy Commissioner Andris Piebalgs underscored the importance of signing the intergovernmental agreement on the Nabucco project by the time of the European Union's summit, to be hosted... MORE
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Yushchenko, Tymoshenko Pledge Reforms in Letter to IMF
Ukrainian President Viktor Yushchenko and Prime Minister Yulia Tymoshenko have managed to set their differences aside and agree on a reform package in an effort to save the economy from imminent collapse. Yushchenko and Tymoshenko agreed on March 2 on the content of a letter... MORE