Latest Articles about Energy
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Russian and Non-Russian Pipelines to Supply Gas to Southern Europe Charge Ahead
Russia’s Gazprom has completed the underwater portion of the TurkStream pipeline, which will be able to carry 15.75 billion cubic meters (bcm) of natural gas a year under the Black Sea, through Turkey, and on to Europe. At a ceremony marking the occasion, Presidents Recep... MORE
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Despite US Sanctions on Iran, Green Light for the Southern Gas Corridor
The United States’ Federal Register published the “Iranian Transactions and Sanctions Regulations” on November 5, re-imposing US sanctions on Iran (Federalregister.gov, November 5). This expected action by Washington had raised concerns in Baku about the potential implications of renewed Iran sanctions on Azerbaijan’s Shah Deniz-II... MORE
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Nord Stream Two Makes New Headway, as Pressure Mounts to Block the Pipeline
Nearly a hundred members of the European Parliament (MEP) sent an open letter to German Chancellor Angela Merkel, on November 7, imploring her to halt the construction of the Nord Stream Two natural gas pipeline. The MEPs referred to the pipeline—designed to carry an additional... MORE
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Kazatomprom IPO to Test-Drive Kazakhstan’s Privatization Plan
Kazakhstan’s national uranium company Kazatomprom said, on October 15, that it was ready to go public by selling a portion of its issued shares on the London Stock Exchange and on the trading platform of the Astana International Financial Center (AIFC). The AIFC was officially... MORE
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Lithuania’s Expectations From the Three Seas Initiative
The president of the Republic of Lithuania, Dalia Grybauskaitė, joined her counterparts from across Central-Eastern Europe to attend a summit of the Three Seas Initiatives (3SI) in Bucharest, Romania, on September 17–18. At this grouping’s latest top-level meeting, the 12 participating leaders from the Baltic,... MORE
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After Three-Year Hiatus, Gazprom to Renew Purchases of Turkmen Gas
Under Communism, Turkmenistan’s greatest contribution to the economy of the Union of Soviet Socialist Republics (USSR) was its natural gas. And following the 1991 collapse of the Soviet Union, gas exports swiftly became Turkmenistan’s biggest source of revenue. Yet, its relationship with Russia’s Gazprom was... MORE
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After Putin’s Visit, Russia’s Footprint in Uzbekistan Is Set to Grow
Russian President Vladimir Putin’s state visit to Uzbekistan, on October 19, resulted in more signed agreements, worth larger sums of money, than any other bilateral meeting the Central Asian republic’s President Shavkat Mirziyaev had held to date. A number of long-term and short-term strategic projects,... MORE
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Claims of Peak Oil Production in Russia Probably Overblown
Russian authorities have announced that domestic oil production hit 11.36 million barrels per day (bpd), on average, in September (Vedomosti, October 2). This marks a new historic peak, reached despite the often-cited poor shape of the Russian economy and negative impact of Western sanctions, not... MORE
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Mongolia Links Gas Transit Pipeline to Asian Super Grid Negotiations
During the September 12 meeting of the Eastern Economic Forum (EEF), in Vladivostok, Russia and Mongolia, together with China, Japan, and South Korea, signed a number of hydrocarbon production and supply agreements designed to accelerate development of regional energy supply infrastructure in Northeast Asia. Mongolian... MORE
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Belarus and Russia Resolve Their Pending Energy Issues, for Now
The presidents of Belarus and Russia, Alyaksandr Lukashenka and Vladimir Putin, held a long bilateral summit in Sochi, on September 21. The countries’ prime ministers and key government members also took part in the meeting, which attracted significant media attention (Belta.by, September 21). Prior to... MORE