Bulgarian Prime Minister Plamen Oresharski has suspended all activities related to the disputed South Stream natural gas pipeline project until his government reaches an agreement with Brussels that would be compliant with European Union laws. The Russian-led pipeline project is designed to bypass Ukraine as... MORE

On May 3 China placed the Haiyang Shiyou 981 deep water semi-submersible drilling rig 119nm off the coast of Vietnam and 180nm from Hainan Island. The rig lies 17nm from Triton Island, part of the Paracel islands that China occupied by force from then South... MORE

In a surprising turnaround of previous policy, Russia’s Lukoil announced on May 16 that its oil will soon be delivered to Europe via the 1,093-mile-long, 1.2 million-barrel-per-day Baku-Tbilisi-Ceyhan (BTC) oil pipeline. The BTC pipeline transports oil from Azerbaijan’s offshore Caspian Azeri-Chirag-Guneshli oil field, via Baku’s... MORE

On April 30, the board of the International Monetary Fund (IMF) approved a new $17 billion loan for Ukraine, which will be disbursed over two years. Ukraine received the first tranche of this loan, equaling $3.2 billion, on May 6. The government will be able... MORE

While Washington and Brussels are imposing more sanctions against Russia for destabilizing eastern Ukraine, the Kremlin is retaliating by deepening divisions within the European Union through the prospective South Stream natural gas pipeline. On April 17, the European parliament adopted a resolution stating that the... MORE

Events in Ukraine create both uncertainties and opportunities in Ulaanbaatar. A changing balance of power in Europe and closer ties between two regional powers, Russia and China, certainly create new uncertainty for Mongolia. With their country’s “regionless” fate of living between two giants, politicians in... MORE

Globally, 295 new nuclear power plants are under construction or planned by 2030. The total aggregate value of the total build is estimated at $1.23 trillion, with international procurement worth approximately $26 billion per annum. [1] The size and prestige of this market has long... MORE

China’s relentless global search for energy supplies has taken it from Central Asia to Sudan. But China imports oil from politically unstable nations such as inflation-ravaged Venezuela; Iran, constricted by international sanctions; and violence-ridden Iraq, the Democratic Republic of Congo and South Sudan, increasing the... MORE

Russian President Vladimir Putin is scheduled to visit China for a summit in May. In advance of that meeting, Russian sources are again claiming that an agreement on a gas pipeline will be reached between Gazprom and its Chinese partners. Allegedly, both sides have agreed... MORE

Inevitably, Russia is trying to regain the initiative in the Ukrainian crisis by applying the most powerful instrument of its foreign policy—the export of natural gas to Europe. Last Thursday (April, 10), President Vladimir Putin sent a letter to the leaders of the 18 European... MORE