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

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

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

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 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

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

“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

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

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

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