When Moscow abruptly terminated the South Stream natural gas pipeline project in December 2014 (see EDM, December 17, 2014), that decision left all of Russia’s potential partners in the Balkans in the lurch. They had all made commitments to Russia and South Stream and, in... MORE

President of Turkmenistan Gurbanguly Berdimuhamedov has repeatedly reshuffled his government over the last several weeks. At a meeting of the State Security Council, in early March, he relieved from their positions the head of the security services, Lieutenant General Guychgeldy Hodzhaberdyev, and the long-serving commander... MORE

Many analysts say the two wars in Chechnya in the 1990s were caused by the republic’s oil. These analysts, however, have tended to overlook the fact that Chechnya no longer had prospects as an oil extracting region by the time the wars started. Chechnya’s oil... MORE

*To read Part One, please click here. *To read Part Two, please click here. The Interconnector Turkey–Greece–Italy (ITGI-Poseidon) was one of several rival projects competing to launch the European Union–backed Southern Gas Corridor to Europe with Azerbaijani natural gas. The ITGI was the weakest contestant... MORE

*To read Part One, please click here. *To read Part Three, please click here. Russian Gazprom, Greek DEPA/DESFA, and Italian Edison propose a modified version of Gazprom’s South Stream project, using the Interconnector Turkey–Greece–Italy (ITGI project) for a pipeline corridor to deliver Russian gas to... MORE

On February 23, Azerbaijan’s parliament adopted amendments to the state budget to adjust down expected budget revenues based on oil price estimates of as low as $25 per barrel (Azernews.az, February 23). Initially, the State Budget for 2016 projected oil at $50–55/barrel (Trend, September 14,... MORE

Russian President Vladimir Putin launched the South Stream gas export project in 2007. All along, Russia lacked the gas volumes and financing that this gigantic project presupposed. Moscow poured all its resources into Nord Stream. It did not seriously intend South Stream as an energy... MORE

On February 24, in Rome, the chief executives of Russian Gazprom, Italian Edison (electricity conglomerate, 99 percent owned by Électricité de France) and Greek DEPA (national pipeline operator and gas trader) signed a memorandum of understanding to develop a pipeline route from Greece to Italy... MORE

On March 1, President Vladimir Putin gathered the CEOs of Russia’s oil majors in the Kremlin to discuss a possible freeze of crude production to boost oil prices. Oil is Russia’s main export commodity and the main source of state revenue. Putin commended the “healthy... MORE

In mid-February, the troubled electricity producer Electric Networks of Armenia (ENA) once again made headlines when Armenia’s Energy Minister Yervand Zakharyan announced the government’s decision to seek a 30-year loan from the World Bank to cover ENA’s outstanding debts (A1Plus, February 18). Zakharyan refused to... MORE