Latest Articles about Energy
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Russian Energy Projects and Hungarian Politics
Hungary’s Fidesz-led government under Viktor Orban, conservative and Europe-oriented in a traditionalist sense, and strongly anti-communist ever since Fidesz’s formative years, has turned toward Russia for solutions to some of Hungary’s main economic problems, especially in the energy sector. This government seems convinced, for example,... MORE
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Rosatom Lands Nuclear Energy Project in Hungary by Western Default
On February 6, Hungary’s parliament approved the Russian-Hungarian agreement for cooperation on nuclear energy. Under the agreement, Rosatom shall build two nuclear power blocs in Hungary, financed by Russian state credit. Hungary’s conservative government, led by the Fidesz party and enjoying a parliamentary supermajority (slightly... MORE
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The Gazelle Pipeline: Czech Segment on New Russian Gas Route to Western Europe
Gazelle, the new gas transit pipeline in the Czech Republic, completed in 2013, is conceived to function as a prolongation of the Gazprom-controlled Nord Stream and OPAL pipelines into continental Europe; albeit free of Gazprom’s control on the Czech Republic’s territory.The Gazelle pipeline is dedicated... MORE
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Nord Stream–OPAL–Gazelle: Another Ukraine-Bypass Route for Gazprom
According to Russia’s state-owned PRIME business news agency, European Union Energy Commissioner Guenther Oettinger has told journalists that the European Commission is set to reach an agreement with the Russian government on Gazprom’s access to the OPAL pipeline in Germany (PRIME, January 27). Russian President... MORE
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Nazarbayev’s State of Nation Address Reaffirms Bold Development Vision
In his January 17 State of the Nation Address, Kazakhstani President Nursultan Nazarbayev reaffirmed the core long-term vision of stable economic development found in the “Kazakhstan-2050” national development strategy that he proposed in his December 2012 address. For example, the president wants to increase Kazakhstan’s per capita... MORE
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Moscow and European Commission Negotiate Over OPAL Gas Pipeline
The European Union–Russia biannual summit, postponed from December 2013 and held on January 28, 2014, and reduced to three hours instead of the customary one and a half or two days, perforce omitted energy from its agenda. The severely abbreviated summit in Brussels had to... MORE
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Gazprom Intent on Rolling Back EU’s Energy Market Legislation
With the backing of the Kremlin, and some help from interested European parties, Gazprom is intent on rolling back the European Union’s Third Energy Legislation Package on EU territory. The Russian government and Gazprom have signed inter-governmental and corporate agreements to build sections of the... MORE
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EU-Russia Summit Makes No Progress on South Stream Dispute
On January 28, Russian President Vladimir Putin announced in Brussels that the European Union has agreed to give Russia full access to the OPAL pipeline in Germany, the largest natural gas pipeline in Europe. “We had problems with access to the OPAL gas pipeline, which... MORE
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Beyond Shah Deniz: Azerbaijan’s Next-Generation Gas
Azerbaijan is prepared to supply European Union countries with natural gas for decades to come and in growing volumes. The giant Shah Deniz field, where the producers’ consortium has just approved Phase Two of development (see EDM, January 14), is planned to start commercial production... MORE
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Economic Failures in Energy and Tourism Sector Plague the North Caucasus
As the Russian government has been investing tens of billions of dollars in the construction of Olympic infrastructure in Sochi, a previously hailed grandiose project for developing tourism in the North Caucasus has been gradually fading away. To provide a more appropriate background for the... MORE