Latest Articles about Energy
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Azerbaijan can Resort to Multiple Options for its Gas Exports
Countries and companies along the Nabucco route in Europe (Bulgaria, Romania, Hungary, Austria, Germany) as well as Greece, Italy, and Switzerland are all expressing interest in purchasing Azerbaijani gas. If Turkey continues to block the transit agreement and if the E.U. and the U.S. fail... MORE
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Turkey: a Bridge or Bottleneck for Caspian Gas to Europe?
President Ilham Aliyev broke two years of silence regarding Turkey’s obstruction of Azerbaijani gas exports westward, while chairing an expanded session of Azerbaijan’s government on October 16 (www.day.az, October 17). Ankara’s stonewalling can cause further delays to the European Union’s Nabucco and Southern Corridor projects,... MORE
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Ukraine’s Energy Mess Threatens to Overshadow Presidential Election
As the Ukrainian government of Yulia Tymoshenko continues to struggle with the impact of the global economic crisis, its troubled energy sector has taken a number of new hits. The state-owned oil and gas monopoly, Naftohaz Ukrayiny, was degraded by Fitch Ratings to “restricted default”... MORE
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Uzbekistan Challenges Regional Electricity Supplies Network
Kyrgyzstan’s growing list of troubles has recently been further complicated by yet another predicament. Tashkent has announced that Uzbekistan is likely to leave the Central Asian power supply cascade in the coming months. According to Tashkent’s official interpretation, Uzbekistan can now provide its population with... MORE
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Azerbaijan-Russia Gas Agreement: Implications for Nabucco Project
On October 14 in Baku, Azerbaijan’s State Oil Company president Rovnag Abdullayev and Gazprom CEO Aleksei Miller signed an agreement on Azerbaijani gas exports to Russia. The move is a logical follow-up to the June 29 agreement, signed by the same company chiefs –in the... MORE
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Putin and Gazprom Target Croatia
With Prime Minister Vladimir Putin’s direct backing, Gazprom and other Russian energy companies have embarked upon an effort to co-opt Croatia into their projects, including a fanciful South Stream gas transport project. Putin has personally offered a package of energy projects to Croatia’s Prime Minister... MORE
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Russian Energy Strategy – the Domestic Political Factor
In 2003 a team of Russian foreign policy and energy experts wrote a 70 page memo about the role of Gazprom, the state-owned gas monopoly, in Russia’s domestic politics and the country’s foreign policy strategy. The document was distributed to a limited number of consumers... MORE
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Moscow Rejects Accusations of Assisting Iran’s Nuclear Weapons Program
The Russian press has picked up a story first report in the Sunday Times from October 4, quoting Russian and Israeli sources, that the Israeli Prime Minister Binyamin Netanyahu had secretly visited Moscow last month to present President Dmitry Medvedev and Prime Minister Vladimir Putin... MORE
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Gazprom Takes its South Stream Bluff to Bucharest
This week in Bucharest, high-level representatives of the Russian energy business and their Italian allies are making their strongest pitch yet for Romania to join their South Stream gas transport project. Romania is the latest target in Moscow's recent effort to enlist additional countries in... MORE
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Moscow Juggling Capacity and Cost Figures on South Stream
Against the European Union's Southern Corridor project, Russia is redoubling efforts to advertise its own project, South Stream, with Italian backing. The scene for that advertising is in Bucharest this week. Due to stagnant gas production and aging fields in operation, however, Russia has been... MORE