The Russian government is now openly backing Surgut Neftegaz's surreptitious acquisition of a large stake in the Hungarian MOL oil and gas company. The acquisition is legally contested in Hungary. The Russian government's political intrusion nullifies Surgut's thesis that the acquisition was a regular, free-market... MORE

In early 2009 a number of European countries suddenly found themselves ensnared by events over which they had little, if any control. Poland and Hungary discovered that gas supply contracts they had signed with the company RosUkrEnergo, 50 percent owned by Gazprom, would not be... MORE

Briefing the press on June 16 in Moscow, Gazprom deputy chairman Aleksandr Ananenkov lifted a curtain corner on the company's investment and output prospects in the short-to-medium term (Interfax, June 17). Gazprom is set to substantially reduce capital expenditures in the next few years, starting... MORE

The ongoing battle over the construction of the Russian-German Nord Stream gas pipeline is reaching a critical stage. In June the German ministry of defense once again voiced its opposition to the proposed route of the pipeline, and presented their arguments to the German parliament's... MORE

*Note to readers: the M:Communications company advises that Mr. Gennady Timchenko owned less than 0.1 percent of Surgut shares as of June 11 The Kremlin-connected oil company Surgut Neftegaz has launched judicial proceedings in Budapest's metropolitan court against Hungarian MOL, the most successful private oil... MORE

Turkish Energy and Natural Resources Minister Taner Yildiz discussed energy issues with Azeri officials on the sidelines of a recent soccer game. Following his talks, Yildiz commented on the status of the Turkish-Azeri talks on pricing gas imports and Turkey's position on the Nabucco project.... MORE

On May 24 in Tehran, Iran's President Mahmoud Ahmadinejad and his counterpart in Pakistan Asif Ali Zardari signed an intergovernmental framework declaration on gas pipeline construction and gas deliveries from Iran to Pakistan. The declaration pledges support for the agreements of intent, signed by the... MORE

Electricity cutoffs in the capital of Dagestan, Makhachkala, have become the focal point of social protest actions in the republic. The Dagestani electricity distribution company imposed restrictions on the supply of electricity in Makhachkala on May 21 and extended the restrictions to several other Dagestani... MORE

The Kurdistan Regional Government (KRG) has started to export its oil to European markets, under partnerships with Turkish and other international energy companies. Following a new consensus on the distribution of revenues between the central administration in Baghdad and the KRG, oil from the Tawke... MORE

In what is becoming a monthly ritual, the Russian leadership has publicly stated that they fear Ukraine will be unable to pay its upcoming bill for Russian gas delivered in May. On May 27 Gazprom's spokesman Sergei Kupriyanov stated "Naftogaz is finding it enormously difficult... MORE