Latest Articles about Energy

Russian Gas and Oil Projects on Hold in Bulgaria
On December 11 in Sofia, a regular meeting of the Russian-Bulgarian inter-governmental commission on economic cooperation failed to restart the three major Russian energy projects in Bulgaria: the South Stream gas pipeline, Burgas-Alexandropolis oil pipeline, and Belene nuclear power plant. The center-right Bulgarian government, in... MORE
Gazprom Agrees Not to Penalize Naftohaz, Gas Price to Grow in 2010
Gazprom and Naftohaz Ukrainy on November 24 signed addenda to their earlier contracts according to which Naftohaz will not pay fines for buying less gas in 2009 than stipulated by the contracts. Gazprom also allowed Naftohaz to buy less gas in 2010, 33.75 billion cubic... MORE

Taiwan and the Changing Strategic Balance in the East China Sea
On October 19, Legislator and Chairman of Congressional Caucus for the opposition party DPP (Taiwan Democratic Progressive Party) Chai Trong-rong publicly accused the Ma Ying-jeou administration of providing China with sensitive undersea survey data around Taiwan. Legislator Chai maintained that the information, which he alleged... MORE

Uzbekistan Damages Regional Electricity Network
Uzbekistan recently officially announced that it will quit the Central Asia power system. Tashkent’s decision affects all countries in the region, with Kyrgyzstan and Tajikistan suffering the most. The recent policy shift reflects the predicaments of Soviet period planning of energy supplies in the Central... MORE

Russia Seeks to Sustain its Energy Security
Moscow has reiterated pledges to improve Russian energy security by promising sizable investments to develop its hydrocarbon sector and power supply networks. However, the economic viability of such solutions appears to remain a matter of debate as Moscow’s ambitious plans require huge investments. Russian authorities... MORE

Putin, Tymoshenko Agree on Gas and Deride Yushchenko, Saakashvili
Russian Prime Minister Vladimir Putin and his Ukrainian counterpart Yulia Tymoshenko met in Yalta on November 19 and reached a number of agreements, confirming once again that their relationship is of a special character. Putin reiterated that Naftohaz Ukrainy, the debt-ridden state-controlled oil and gas... MORE

Moscow Backtracks From Strategy to Bypass Ukraine’s Gas Transit System
Russian Energy Minister Sergei Shmatko declared on November 16 that the Nord Stream pipeline on the Baltic seabed would not be used for diverting gas volumes away from Ukraine’s transit pipelines to Europe. In effect, this statement acknowledges that the Nord Stream pipeline, from Russia... MORE

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

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

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