Latest Articles about Energy
Increased Western Involvement in Caspian Sea Energy Transport
On December 23 Austria’s OMV energy conglomerate and Germany’s leading power producer RWE (Rheinisch-Westfaelische Elektrizitaetswerke) announced an initiative to create a joint company for gas transportation from the Caspian Sea’s eastern shore westward. This initiative targets mainly Turkmen gas, aiming to build a trans-Caspian pipeline... MORE
Serbia’s Oil Industry: a Christmas Gift to Gazprom
On December 24, 2008, the Serbian government ceded control over Serbia’s Oil Industry (Naftna Industrija Srbije, NIS) to Russian Gazprom’s oil subsidiary, Gazprom Neft. Motivated to a large extent politically and negotiated poorly by Belgrade, the cession amounts to a Christmas gift for Gazprom and... MORE
Gazprom Stops Gas Deliveries to Ukraine—What Next?
On the morning of January 1, OAO Gazprom, the Russian state-owned gas monopoly, in league with the Russian government, decreased the volume of gas shipped to Ukraine by 90 million cubic meters a day—the amount that Ukraine had contracted for in 2008. Gas shipments of... MORE
Need for More Transparency in Kyrgyz and Tajik Energy Sectors to Avoid Future Crises
Kyrgyzstan and Tajikistan, both upstream countries with abundant water resources, face the same problem: their water resources are benefiting the ruling regimes while the public is deprived of basic services. In Kyrgyzstan President Kurmanbek Bakiyev’s regime has allegedly been secretly selling electricity to neighboring Kazakhstan... MORE
The Kremlin Defends Its Energy Interests
Russia moved to support the 2 million barrel a day cut in oil production by OPEC by reducing its own oil exports. The country's oil companies and energy projects appear, however, to be facing an uncertain future amid continued volatility in global energy prices.Russia dispatched... MORE
The Price of Gas and Russian Democracy
Russia’s state-owned gas giant Gazprom is preparing for a major financial hit in 2009. The world-wide economic slowdown has diminished gas consumption for Gazprom’s European industrial customers. The price of gas, which is indexed to the price of oil, has been dropping from the current... MORE
Purge of Serb Negotiating Team To Precipitate Onerous Energy Agreements with Russia
Serbia’s coalition government has removed Economics Minister Mladan Dinkic from his concurrent assignment as head of the negotiating team on energy agreements with Russia. The impending oil and gas deals involve essentially a Russian takeover of Serbia’s energy sector. Dinkic and his colleagues who were... MORE
Bakiyev Anticipates a Harsh Winter and an Energy Crisis, Further Restricts Free Speech
In the past few weeks the Kyrgyz government has been blocking transmission of Radio Free Europe (Azattyk) and BBC radio, both of which have a broadcast range covering the entire country. The ban comes at a time of a worsening energy crisis, rampant inflation, mobilization... MORE
Hungary Doubling Efforts for Nabucco Ahead of Budapest Summit
The Hungarian government and the private MOL energy company are doubling their efforts to help launch the Nabucco gas project on schedule. Given Hungary’s 80 percent dependence on Russian gas, even the oft-wavering Socialist Party has joined the consensus view that supply diversification through Nabucco... MORE
Russia, LNG, and the U.S. Natural Gas Market
In 2006, when oil and natural gas prices began steadily climbing, Russia’s state-owned gas company Gazprom announced that it had ambitions to become a leading Liquefied Natural Gas (LNG) supplier to the enormous U.S. gas market. Gazprom and its Kremlin masters were eager to claim... MORE