Turkmenistan’s President Gurbanguly Berdimuhamedov paid his first official visit to Georgia on July 2–3. The most important topics of the meeting between Berdimuhamedov and his Georgian counterpart, Giorgi Margvelashvili, included cooperation in the energy and transportation spheres. During the visit, President Berdimuhamedov reaffirmed that Turkmenistan... MORE

The Greek government’s wide-ranging efforts to prevent the country’s financial collapse finally culminated in an agreement with the European Union, on July 13 (see EDM, July 14). The bailout deal provides new concessions regarding Greece’s debt. While the EU may have saved Athens from financial... MORE

The Azerbaijan-Georgia-Romania Interconnector (AGRI)—a liquefied natural gas (LNG) project, which aims to bring Azerbaijani gas and, in the future, gas from Turkmenistan to Romania and Hungary by way of Georgia and across the Black Sea—was at the center of attention of regional decision makers late... MORE

On July 8, Turkmenistan’s Ministry of Oil and Gas noted that Russian state natural gas company Gazprom had failed to pay for imports since the beginning of the year, stating, “The Russian company OAO Gazprom has failed to pay under its contracts for buying and... MORE

It appeared too great a temptation to pass up for the Kremlin when Greece’s impending default and exit from the Eurozone or even the European Union (the so-called Grexit) occurred simultaneously with the annual BRICS summit, this time under Russian leadership, in Ufa, on July... MORE

In a surprising turn of events, on July 8, the Russian state-run natural gas monopoly Gazprom canceled a contract with the Italian oil and gas services group Saipem. The two companies were supposed to jointly build the first line of Turkish Stream, the Moscow-backed pipeline... MORE

The protests in Yerevan against rising electricity prices have sparked a debate over the motives, expectations, and impact of this public outcry (see EDM, June 27). Energy shortfalls and crises have long been a sensitive subject for Armenia due to the painful experiences of energy... MORE

Given the centrality of energy to the Russian economy and the withering impact of continuing low energy prices and sanctions, Russia has ample reason to promote energy deals with anyone it can find. The annual St. Petersburg International Economic Forum has historically served as a... MORE

In early May, the Electric Networks of Armenia (ENA) joint-stock company (a subsidiary of Russian RAO UES International) submitted a request to Armenia’s state regulatory commission for a fee increase for retail customers. Currently, there is a two-tier price system, with 42 Armenian dram (about... MORE

On June 3, the president of the State Oil Company of Azerbaijan Republic (SOCAR), Rovnag Abdullayev, said that by the 2020s, gas production in Azerbaijan will reach around 40 billion cubic meters per year (bcm/a) (News.az, June 3), from the current level of 30 bcm... MORE