Latest Articles about Energy

Strategic Assessment: Ukraine Faces New Challenges After War Shock
The following political landscape piece is a part of Eurasia Daily Monitor’s special quarterly series of strategic assessments of developments across Eurasia. These pieces examine recent important developments and trends in the region, particularly since this past summer, and anticipate where those trend lines may... MORE

Turkey and Russia Work on Normalizing Relations, Sign Agreement on Scaled-Back Turkish Stream Pipeline
Earlier this month, Turkey hosted the 23rd World Energy Congress in Istanbul. The theme of the Congress, held on October 9–13, was “Embracing New Frontiers.” The participants—who included 3 presidents, 56 ministers, as well as academics and energy experts from 82 countries—came together to address... MORE

Azerbaijan Strengthens Its Energy Position in Turkey
Top decision makers, opinion leaders and CEOs of the world’s largest energy companies, including BP, Gazprom, Shell and Total, convened in Istanbul, on October 9–13, for the 23rd World Energy Congress. High-level officials, including 56 ministers from various countries around the globe, also attended the... MORE

Italian Delays in TAP’s Construction Weaken the EU and Russia Alike
Political infighting and bureaucratic red tape in Italy are jeopardizing the realization of the Trans-Adriatic Pipeline (TAP), the westernmost segment of a wider energy corridor to bring Azerbaijani natural gas to Southeastern Europe. In turn, these problems are frustrating Rome’s efforts to establish a Mediterranean... MORE

Belarus Charts Course Between Russia and Poland
The nine-month-long argument about the price of Russian natural gas for Belarus has finally been resolved—for now. Belarus will compensate Russia for underpayment from January 1 to July 1, 2016 (during that period, Belarus payed only $73 per 1,000 cubic meters instead of $132, as... MORE

Oil Strike in West Kazakhstan Highlights Limits of Energy-Based Growth
The latest meeting of the Organization of Petroleum Exporting Countries (OPEC) in Algeria, on September 28, brought some relief to producers, with the price of oil finally trading above $50 per barrel for the first time in months. News of a preliminary deal, whose implementation... MORE

Ukrainian Government Moves Ahead With Some Important Energy Reforms, Stumbles on Others
Ukraine has approved reforms aimed at changing domestic electricity market rules, a step that is essential for curbing corruption in the power sector. This complements the natural gas pricing reforms undertaken earlier, in 2015–2016, which achieved price parity on the domestic market with import prices;... MORE

SOCAR’s Complicated DESFA Deal Faces New Setbacks
Rovnag Abdullayev, the head of Azerbaijan’s State Oil Company (SOCAR), told reporters on September 5 that his company is waiting for an explanation from the Greek government for its violation of the originally agreed-upon privatization terms for Greece’s Gas Transmission System Operator (DESFA) (Azernews.az, September... MORE

Russia Pushes ‘Gas Swap’ Plans With Iran Amidst Azerbaijan-Iran Gas Talks
The Presidents of Azerbaijan, Russia and Iran—Ilham Aliyev, Vladimir Putin and Hassan Rouhani, respectively—met in Baku, on August 8, and signed a Joint Declaration committing their countries to deepening cooperation on energy. In particular, the three sides pledged to collaborate on exploring oil and natural... MORE

Turkey-Russia Rapprochement and Prospects for ‘Turkish Stream’
On June 27, Russian President Vladimir Putin received a letter from President of Turkey Recep Tayyip Erdoğan, expressing Turkey’s willingness to restore ties with Russia (Kremlin.ru, June 27). Immediately, Gazprom spokesperson Sergey Kupriyanov announced his company’s openness to dialogue with Ankara on the construction of... MORE