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

On January 22 President of Bulgaria Georgi Parvanov paid a one-day visit to Baku. The issue on the agenda was obvious: diversification of the gas supply to the EU and making Caspian gas available to EU households. Discussions with President Ilham Aliyev were very useful;... MORE

The Nabucco gas transport project, whose stakeholders and institutional backers are holding a high-level meeting in Budapest on January 26 and 27, faces a unique window of opportunity in a reshaped strategic context (see EDM, January 6, 22). The meeting is being held in the... MORE

On January 20 Alexei Miller, the CEO of Russia’s state-owned gas monopoly, Gazprom, made an amazing confession. He told Interfax that in late December 2008, when negotiations between Ukraine and Russia on a new gas supply contract broke down, the party largely responsible for this... MORE

Turkey is continuing to debate the construction of its first nuclear power plant in Akkuyu, Mersin. After the tender was launched in March 2008, 13 foreign and local companies purchased documents. All but one, however, failed to submit an offer, because they did not have... MORE

On January 23 in Tashkent, Presidents Dmitry Medvedev of Russia and Islam Karimov of Uzbekistan firmed up bilateral agreements that strengthen Russia’s monopoly on Uzbek exports of natural gas. Their quid-pro-quo involves a steep increase in Gazprom’s purchase price for Uzbek gas in return for... MORE

Russian officials have insisted that the construction of the Eastern Siberia Pacific Oil Pipeline (ESPO) remains on track despite growing costs, crisis-related concerns, and doubts about the project's economic viability amid falling crude prices. Russia's pipeline monopoly Transneft conceded that the ESPO project faced significant... MORE

On January 19 in Brussels, Turkish Prime Minister Recep Tayyip Erdogan threatened to “reconsider” his country’s participation in the Nabucco gas transit pipeline project unless the European Union promptly opened negotiations on the energy chapter in Turkey’s EU accession process (see EDM, January 20). The... MORE

While the Nabucco pipeline remains clearly the centerpiece of the Southern Corridor project, Nabucco alone—even in its second, full-capacity phase—would be far from sufficient to cover the rise in European demand for non-Russian gas in the next decade. A fully-developed Southern Corridor could achieve the... MORE

Hungary is hosting a high-level meeting of active and potential participants in the Nabucco gas transport project on January 26 and 27. Top officials of supplier, transit, and consumer countries; international financial institutions; the European Union; and the United States are expected to participate (MTI,... MORE