The Greek government’s wide-ranging efforts to prevent the country’s financial collapse finally culminated in an agreement with the European Union, on July 13 (see EDM, July 14). The bailout deal provides new concessions regarding Greece’s debt. While the EU may have saved Athens from financial... MORE

The Azerbaijan-Georgia-Romania Interconnector (AGRI)—a liquefied natural gas (LNG) project, which aims to bring Azerbaijani gas and, in the future, gas from Turkmenistan to Romania and Hungary by way of Georgia and across the Black Sea—was at the center of attention of regional decision makers late... MORE

On July 8, Turkmenistan’s Ministry of Oil and Gas noted that Russian state natural gas company Gazprom had failed to pay for imports since the beginning of the year, stating, “The Russian company OAO Gazprom has failed to pay under its contracts for buying and... MORE

In a surprising turn of events, on July 8, the Russian state-run natural gas monopoly Gazprom canceled a contract with the Italian oil and gas services group Saipem. The two companies were supposed to jointly build the first line of Turkish Stream, the Moscow-backed pipeline... MORE

The protests in Yerevan against rising electricity prices have sparked a debate over the motives, expectations, and impact of this public outcry (see EDM, June 27). Energy shortfalls and crises have long been a sensitive subject for Armenia due to the painful experiences of energy... MORE

After years of preparations, Azerbaijan is hosting the first ever European Games, which kicked off on June 12 and will end on June 28. Besides being a high-profile international sporting event, the Games also serve as an important symbol for Azerbaijan to prove its ties... MORE

Discussions surrounding the proposed Iran-Armenia railway project have intensified in early June, after a statement made by Russian Railways’ CEO, Vladimir Yakunin, who said that the project would not be expedient: “It is like opening a window to nowhere, to the wall of a neighboring... MORE

The general election in Turkey on June 7 has radically changed the country’s political landscape. The ruling Justice and Development Party (AKP) has lost its absolute majority, winning only 258 of the 276 seats it needed, and the pro-Kurdish Peoples’ Democratic Party (HDP) has now... MORE

On June 3, the president of the State Oil Company of Azerbaijan Republic (SOCAR), Rovnag Abdullayev, said that by the 2020s, gas production in Azerbaijan will reach around 40 billion cubic meters per year (bcm/a) (News.az, June 3), from the current level of 30 bcm... MORE

Historically, Russia has treated the Balkans as an area solidly within its sphere of vital interests, and that is still the case today. While individual Balkan countries are not especially important geostrategic players in Europe, their location imparts to them a greater, even possibly exaggerated,... MORE