On August 12, delegations led by the prime ministers of the five Caspian littoral states—Azerbaijan, Iran, Kazakhstan, Russia and Turkmenistan—came together at Turkmenistan’s coastal resort of Awaza to hold the first annual Caspian Economic Forum. The heads of government from two other countries, Uzbekistan and... MORE

Volodymyr Zelenskyy inherited formidable challenges when he was elected Ukraine’s sixth president this spring, including a Kremlin-backed war with “separatists” in the east, deep-rooted corruption, and an ongoing natural gas dispute with Russia. Ukraine is now responding to the gas discord by trying to negotiate... MORE

Russia’s largest independent oil refiner, New Stream, recently emerged from financial devastation to resume operations. But multi-million-dollar fraud charges against its former board chair underscore the problems in an industry reeling from decrepit facilities and a new, profit-gutting tax code. At the same time, the... MORE

The dominant player in Austria’s oil and natural gas sector, OMV, has signaled that a Russia-related political scandal that recently toppled the government in Vienna will not halt the Austrian company from deepening its ties with Russian energy firms. This became apparent in early June,... MORE

Two long-term natural gas contracts between Russia and Ukraine are set to expire in December. And as this deadline approaches, the two sides are preparing for necessary renegotiations. Kyiv needs to avoid a repetition of January 2009, when parts of Europe were left without gas... MORE

Three developments since early June 2019 call attention to China’s unrelenting efforts to become the dominant player on the Northern Sea Route (NSR)—the increasingly ice-free Arctic waterway along Russia’s northern coast, and the main segment of the longer Northeastern Passage, linking Asia and Europe. First,... MORE

On December 29, 2018, the head of the occupying government in Crimea, Sergey Aksenov, proposed to transport Ukrainian offshore oil and natural gas drilling rigs (“nationalized” by Russia after the Crimean annexation) from the Black Sea to the Syrian coastal shelf (UAWire, December 30, 2018).... MORE

A joint venture led by Russia’s Novatek has chosen the French-American company TechnipFMC to spearhead its new Arctic LNG 2 liquefied natural gas project on the Gydan Peninsula, in northern Siberia. The same Western firm previously oversaw the work on Novatek’s first LNG facility on... MORE

Speaking at the 11th Arctic Council Ministerial meeting in Rovaniemi, Finland, on May 7, US Secretary of State Michael Pompeo warned that the pattern of aggressive Chinese behavior in other regions may give important indications to how China will act in the Arctic (Rambler.ru, May... MORE

Azerbaijan’s participation in the second Belt and Road Forum for International Cooperation, which took place in Beijing, on April 25–28, proved successful for Baku, having resulted in a number of important new, non-oil-sector investment projects in the South Caucasus country. Specifically, during the Forum, Azerbaijani... MORE