Latest Articles about Energy

Moscow Promises Increased “Energy Efficiency”

Moscow has reiterated plans to improve its energy efficiency by pledging huge investments aimed at developing its power supply networks. However, the economic viability of Russia’s proposed capital-intensive solutions apparently remain far from certain. The country’s energy efficiency challenges have recently become a matter of... MORE

Moscow-Tehran Oil and Gas Roadmap to Circumvent Sanctions on Iran

On July 14 in Moscow, Russian Energy Minister, Sergei Shmatko, and Iran’s Oil Minister, Masoud Mirkazemi, announced ambitious plans for bilateral cooperation, short-term and long-term. If implemented, these would circumvent two sets of sanctions imposed (outside the UN Security Council) by the United States and... MORE

Medvedev Moots Russia-Germany “Modernization Alliance”

What made the annual Russian-German summit, held in Yekaterinburg last week, an event loaded with “innovative” symbolism, was President, Dmitry Medvedev’s, attempt to set Russia’s foreign policy on a new Western-friendly course. He formulated a rather untraditional set of goals at the meeting with top... MORE

Kyrgyzstan: Positive Developments in the Hydro-Energy Sector

Amid the ongoing instability in southern Kyrgyzstan, and the possibility of renewed violence as the October 10 parliamentary elections approach, the country’s hydro-energy sector shows signs of gradual recovery. The interim government might be able to supply electricity throughout the upcoming cold season and avoid... MORE

MOL Well Placed to Fend off Surgut’s New Move

Russia’s Surgutneftegaz has filed a case in Budapest’s Metropolitan Court, seeking legal registration as a stakeholder in Hungarian MOL, the national oil and gas company. Surgut is asking the court to invalidate MOL’s April 2010 refusal to enter the Russian company’s shares in the Hungarian... MORE

Gazprom’s Anti-Nabucco Campaign Misses German Targets

Gazprom’s proposal for German RWE to join Gazprom’s South Stream project, has fallen flat at both the corporate and the political levels in Germany. The proposal clearly aimed to disrupt the European Union-backed Nabucco project, where RWE is a key stakeholder, developing offshore gas in... MORE

Gazprom Counters Nabucco’s Advancement by Lobbying for South Stream

Russia’s Gazprom has proposed to the German RWE company to join Gazprom’s South Stream pipeline project. According to German business press reports, Gazprom Vice-President, Aleksandr Medvedev, has approached senior RWE management with this proposal. RWE, however, is a stakeholder in the EU-backed Nabucco project. Gazprom’s... MORE

Russia Turns on Lukashenka

On July 5 at the Eurasian Economic Community’s Interstate Council in Astana, Belarus, Russia, and Kazakhstan agreed to form a Customs Union that came into effect the next day. Kyrgyzstan and Tajikistan may join at some point in the future. The Union between Russia and... MORE