Russia's electricity suppliers have moved to resume exports from the country's Far East to China amid declining domestic demand. Russia's energy executives have announced that the region's major electricity exporter, the Bureiskaya hydropower plant, will reach its maximum designed capacity later than expected. On March... MORE

Russian expansion into European energy industries stands poised to cross a new threshold with the stealthy acquisition of a large stake in Hungary's privately owned MOL by Russia's Kremlin-controlled Surgut Neftegaz (EDM, April 2,). This move entails a number of bold novelties. First, Surgut's lack... MORE

As early as the middle of 19th century, oil was extracted to the surface through wells on the territory of Dagestan. With the participation of Swedish oil industrialist Ludvig Nobel, several relatively shallow oil wells were operating in Dagestan by the end of that century... MORE

Surgut Neftegaz appears to have vastly overpaid for OMV's stake in MOL. The Russian company bought the 21.2 percent stake for 1.4 billion Euros on March 30 on the Budapest stock exchange. The average purchase price per share was 19,200 Hungarian Forint, almost double the... MORE

The Kremlin-connected oil company Surgut Neftegaz has surreptitiously bought Austrian OMV's entire 21.2 percent stake in Hungary's MOL Oil and Gas Company. European Union authorities, the privately owned MOL, and Hungary are aghast at Surgut's move and OMV's collusion with it. Budapest and Brussels were... MORE

On March 27 Russia's state owned gas monopoly Gazprom signed a memorandum of understanding with Azerbaijan's state-owned oil and Gas Company, SOCAR, which would provide for deliveries of Azeri gas to Russia starting in January 2010. The report in the Russian newspaper Vedomosti on March... MORE

The intensity of energy-political conflicts in Europe has been subsiding since the Russian-Ukrainian "gas war" in January, but last week Moscow launched a new offensive aiming at three crucial targets: Turkey, Turkmenistan and Ukraine. Leaders of major European states paid scant attention, focusing instead on... MORE

The Ukrainian - EU agreement on renovating the main Ukrainian gas trunk pipeline signed in Brussels on March 23 was greeted with a virulent reaction from Moscow. Russian Prime Minister Vladimir Putin, who runs his countries gas sector with an iron fist, threatened to "review"... MORE

Russian energy companies have intensified their efforts to boost their presence in Central Europe, giving cause for concern that Moscow plans to continue using energy as a foreign policy tool to tighten its grip over the region. Just prior to the last energy crisis in... MORE

Russia's independent natural gas producers (IGPs) account for a growing share of domestic output, but they are now facing turbulent times amid the global financial crisis and the subsequent domestic economic downturn, as well as problems with sales and gas transit. The role of independent... MORE