Latest Articles about Energy
Gazprom Reveals Unaffordable Costs of South Stream Project
On February 6 in Moscow, Gazprom vice-president Aleksandr Medvedev gave a detailed presentation for potential investors regarding the South Stream gas transport project as well as the outlook on gas extraction. The presentation revealed huge increases in South Stream's cost projections, coupled with stagnant gas... MORE
Putin Retains Initiative in the Gas Dialogue with Europe
The annual security conference held in Munich last weekend should have attracted the prime attention in Moscow, not least because U.S. Vice-President Joe Biden delivered the first presentation of the Obama administration's arms control strategy. In reality, however, the attention was superficial at best; and... MORE
The Russian-Central European Gas Conflict Continues
While the Ukrainian-Russian gas conflict appears to have been resolved, its fallout is still reverberating throughout Central Europe. In Poland, RosUkrEnergo (RUE), the Swiss based middleman that was dropped from the Ukrainian-Russian-Central Asian gas trade on January 20, has failed to meet its contractual obligations... MORE
Who Owns the Gas in Ukraine’s Underground Reservoirs?
The gas dispute that left half of Europe without gas in early January was officially settled by accords signed by Gazprom and Naftohaz Ukrainy in Moscow on January 19 and 20. The clash, however, is apparently not over. Ukrainian businessman Dmytro Firtash, who owns the... MORE
Beijing’s Responses to Falling Oil Prices
Oil and other commodity prices have been declining as major economies of the world go into a recession, but the Chinese are now more convinced than ever that their country had very little to do with the sharp climb and subsequent nose dive of oil... MORE
Chancellor Merkel’s Letter Perturbs EU’s Energy Debate
German Chancellor Angela Merkel has reacted negatively to the high-level meeting in Budapest, which improved the prospects for European Union funding of the Nabucco gas transport project (see EDM, January 29, 30). Merkel has taken a contrary position in a confidential letter to EU Commission... MORE
How Much Longer Can Azerbaijan Wait For Nabucco to Materialize?
"It's a good question, how long we are going to wait," Azerbaijan's President Ilham Aliyev warned with regard to the Nabucco gas transport project during the World Economic Forum just held in Davos. As a potential large-scale producer with proven reserves of 2 trillion cubic... MORE
Slovak Government Invites Gazprom into the Country
On January 23 in Bratislava, Slovak Prime Minister Robert Fico and Gazprom Vice-President Aleksandr Medvedev announced the intention to create a Slovak-Gazprom joint enterprise. Fico stated specifically that he wanted such an enterprise to compete against SPP (Slovensky plynarensky priemysel--Slovak Gas Industry), the joint company... MORE
Nabucco Conference in Budapest, Part Two: Gas Supply and Transport—Diversification’s Twin Sides
The high-level conference in Budapest on the Nabucco gas project (see EDM, January 20, 22, 23, 27, 29) underscored a reality that seems to slip from the conceptual grasp of some influential West European circles. This reality is that diversification of supply sources and transport... MORE
Nabucco Conference in Budapest, Part One: Moderate Expectations, Moderate Promise
On January 26 and 27 Hungary hosted a high-level policy conference on the Nabucco gas transport project, with participants encompassing the entire producer-transit-consumer chain from the Caspian basin to Europe, and with active involvement by the European Union for the first time. The event did... MORE