Russian state-run gas giant Gazprom has cut its investment program in response to the difficulties it faces in the current economic downturn. These cost-saving measures contrasted sharply with Gazprom's pledge last year to become the world's largest company. Such efforts were supported by the Russian... MORE

In recent months, Chinese National Oil Companies (NOCs) struck four major overseas energy deals with Russia, Kazakhstan, Brazil and Venezuela for a combined value of nearly $50 billion in Chinese capital (Dow Jones News, February 17). The growing footprint and outreach of these NOCs have... MORE

The U.N.-led peace talks launched by the Turkish Cypriot leader Mehmet Ali Talat and his Greek Cypriot counterpart Dimitris Christofias in September 2008 aiming to find a comprehensive solution to the Cyprus problem has entered a new phase. On July 20 at the Peace and... MORE

European Commission (EC) and Ukrainian government experts will meet in Kiev on July 24 to discuss Ukraine's request for a loan to pump Russian gas into underground reservoirs for the winter. As the Naftohaz Ukrainy state-controlled oil and gas behemoth is nearly bankrupt, Ukraine has... MORE

Whether by coincidence or design, Russian authorities are threatening to stop the Hungarian MOL company's oil extraction in Russia at the same time as Surgut Neftegaz appears to be forcing its way into MOL's ownership in Hungary (EDM, April 3, 6, 22, June 10, 24).... MORE

The inter-governmental agreement (IGA) on the Nabucco project, signed on July 13, depends existentially on Azerbaijan for start-up and first-phase gas supplies. Azerbaijan remains a staunch supporter of Nabucco and other components of the E.U.'s Southern Corridor project, but not an unconditional supporter to be... MORE

Moscow and Beijing have hailed what they describe as a bilateral strategic partnership, but Russian and Chinese state-run energy companies struggle to agree to a compromise on energy prices. Both sides insisted that the visit by China's President Hu Juntao to Russia on June 16-18... MORE

On July 13 the Nabucco transit countries removed an important obstacle for the strategic pipeline project. Attending a high profile meeting hosted by Turkey, the prime ministers of Austria, Bulgaria, Hungary, Romania and Turkey inked the Intergovernmental Agreement (IGA). The ceremony was also attended by... MORE

Following a recent telephone conversation between the head of the European Commission Jose Manuel Barroso, and the Russian Prime Minister Vladimir Putin, the commission urged all E.U. member states to immediately begin filling gas storage facilities because they believe that a new Russian-Ukrainian gas war... MORE

Ankara has reportedly finally given the green light to the Nabucco project, and the intergovernmental agreement might be signed on July 13. When the news broke on the Russian deal with Azerbaijan (EDM, July 2), the Turkish media initially suggested it represented a lethal blow... MORE