Latest Articles about Energy
Brazil and Argentina: China’s Growing Foothold in Latin America
On May 21, Norwegian oil company Statoil announced that it agreed to sell 40 percent stake ($3 billion) of the Peregrino field located in the Campos basin offshore of Brazil to Chinese state-owned Sinochem Group. The Peregrino announcement closely follows the disclosure in March that... MORE
Yanukovych Rejects Putin’s Gazprom-Naftohaz Ukrainy Merger Proposal
Russian President, Dmitry Medvedev, met with his Ukrainian counterpart, Viktor Yanukovych, for the seventh time this year, in Kyiv on May 17-18, but contrary to general expectations no new gas agreements were reached. Ukraine rejected Russian Prime Minister, Vladimir Putin’s, April 30 offer to merge... MORE
Russia Will Construct Turkey’s First Nuclear Power Plant
During Russian President, Dmitry Medvedev’s, visit to Ankara last week, Turkey and Russia enhanced their multi-dimensional partnership by signing 17 agreements. Major deals concerned energy cooperation, which has been the driving force in bilateral relations. In what might be considered as the most substantial achievement... MORE
Shifting Sands in the Gulf: The Iran Calculus in China-Saudi Arabia Relations
The fourth joint meeting on economy and trade convened by China and Saudi Arabia in January 2010 in the Saudi capital of Riyadh came and went without much fanfare. Yet the meeting between China, the world’s second largest and fastest growing oil consumer, and Saudi... MORE
Ukraine Wary of Putin’s Proposal to Merge National Gas Companies
The Ukrainian government and opposition alike have reacted coolly to Russian Prime Minister, Vladimir Putin’s, April 30 proposal to merge the two countries’ national gas companies, Naftohaz Ukrainy and Gazprom. The government apparently does not see many benefits from such a move and hesitates, afraid... MORE
Putin Makes Energy and Arms Deals with Potential Latin American Allies: Part One
There can be no doubting Moscow’s intention to play a larger role in Latin America. President, Dmitry Medvedev, has confirmed this and Russian diplomacy in the past three months has featured trips by Latin American leaders to Moscow as well as by Medvedev and Prime... MORE
Ukraine’s Leaders Trying to Resist Gazprom-Naftohaz “Merger”
Russian Prime Minister, Vladimir Putin’s, April 30 proposal to “merge” Ukraine’s national energy company Naftohaz with Gazprom (EDM, May 5) has stunned the new Ukrainian authorities. During an entire week after the proposal’s airing President, Viktor Yanukovych, and Prime Minister, Nikolai Azarov, have arrogated to... MORE
Putin Calls For Naftohaz Ukrainy-Gazprom Gas Merger
Russian Prime Minister, Vladimir Putin, has proposed a “merger“of Ukraine’s national energy company Naftohaz Ukrainy with Russia’s Gazprom. The proposal emerged during Putin’s April 30 meeting with Ukrainian Prime Minister, Nikolai Azarov, in Sochi (ITAR-TASS, April 30). It was the seventh meeting, by most counts,... MORE
Hungarian Government and MOL Positioning for a Solution With Surgut
At its annual meeting of shareholders on April 29, Hungarian MOL oil and gas company cemented its defense against a possible takeover move by Russian Surgutneftegaz. With corporate and legal defenses in place, and a new Hungarian government firmly installed after the landslide election victory,... MORE
South Stream is Not a Ukraine Bypass Project
Russian Prime Minister, Vladimir Putin, stopped in Kyiv on April 27, following his discussions in Italy and Austria on the South Stream gas pipeline project (Austria Joins Gazprom’s South Stream Project, EDM, April 30).In Kyiv, Putin obliquely confirmed that Russia would not shift gas volumes... MORE