Latest Articles about Energy
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Ukraine Relying on IMF Payments for Russian Gas Purchase
Ukraine finds it increasingly difficult to survive without money from the International Monetary Fund (IMF). The country paid Russia for October’s gas deliveries with IMF funds and the same means will be used for November’s gas deliveries. However, the IMF did not disburse the fourth... MORE
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Azerbaijan Accelerates Gas Export Diversification Efforts
Gas production in Azerbaijan is set to reach 30 billion cubic meters (bcm) annually by 2013 from currently operating fields (Trend Capital, November 13). Over and above that level, the second phase of production at the Shah Deniz field is projected to add another 16... MORE
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Azerbaijan Seeks Alternative Gas Export Routes: Sending a Signal to Ankara
“We are interested in exporting our resources through different routes,” Azerbaijan’s President Ilham Aliyev stated during his visit to Bulgaria on November 13 (AZTV). On the same day, he paid a short working visit to Sofia to meet his counterpart Georgi Parvanov and to sign... MORE
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Russian Gas Flaring: a Political or Technical Problem?
On December 2, the Russian Federal Anti-Monopoly Service reportedly will consider the conflict between two Russian state-owned companies –Gazprom and Rosneft. The decision came after Rosneft filed a complaint alleging that Gazprom limited Rosneft’s access to the Russian main gas pipeline network from April through... MORE
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Azerbaijan Considers Georgia-Black Sea-Bulgaria Route for Compressed Natural Gas to Europe
On November 13 in Sofia, Azerbaijan’s President Ilham Aliyev and his Bulgarian counterpart Giorgi Purvanov witnessed the signing of agreements of intent on the transportation of Azerbaijani gas to Bulgaria and onward to Europe. The agreements’ centerpiece concerns transportation of compressed natural gas (CNG) from... MORE
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Nabucco Investment Decision Postponed
On November 11 the Austrian OMV-led Nabucco management announced that the investment decision on the project will be postponed, from early 2010 to the fourth quarter of that year. There is no clear explanation for this sudden change.Only seven days earlier, the same Vienna office... MORE
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Russia Gains a Political Victory in Scandinavia with Nord Stream Approval
Three Scandinavian governments have allowed Gazprom’s Nord Stream pipeline, from Russia to Germany, to be built on the Baltic seabed (EDM, November 10). The Finnish, Swedish, and Danish governments had procrastinated or resisted for three years and their public opinion does not welcome the Nord... MORE
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Nord Stream Pipeline Project Still Short of Resources
Four years after Germans and Russians signed the founding agreement (October 2005), the Nord Stream pipeline project has received the Scandinavian countries’ approval for construction on the Baltic seabed, from Russia to Germany. The Gazprom-led project, however, has not yet lined up the gas and... MORE
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Gazprom Seeks “Equal Profitability,” Reluctant to Face Domestic Competition
Russia’s relatively low domestic gas prices have been seen as encouraging high consumption rates and hindering investments in gas production. The country’s gas monopoly Gazprom has long complained about unprofitable sales and pressed the government to hike regulated domestic prices. Gazprom has insisted that its... MORE
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Scandinavian Governments Allow Russo-German Nord Stream Pipeline
On November 5 the Finnish and Swedish governments gave Nord Stream, the Gazprom-led consortium, permission to lay the pipeline through their respective economic zones on the Baltic seabed, on an approved route from Russia to Germany. The Danish government had given its permission in late... MORE