Latest Articles about Energy
Minor Russian Company Hints at Gazprom Support to Buy Greek Pipelines
Pressed by international creditors and its own insolvency, Greece is selling off DEPA/DESFA, the state-controlled natural gas company. While Russian Gazprom looks set to acquire DEPA (Public Gas Corporation, the gas procurement and dominant distribution company), the little-known Russian company Sintez is bidding for DESFA... MORE
Gazprom Sets Stage for Takeover of Greek State Gas Company
Insolvent Greece is auctioning off its state assets, both as a matter of necessity and as a condition imposed by international creditors for bailing out the country. The state-controlled natural gas company, DEPA/DESFA, is by far the most valuable asset in the Greek privatization package.Russian... MORE
Comparative Advantages of Nabucco-West Offset By Lack of Financing
The Nabucco Committee’s meeting (see accompanying article) on May 21 in Bucharest has provided perhaps the final opportunity for comprehensively assessing the Nabucco-West project’s comparative advantages as a route for Azerbaijani gas to Europe. Prior even to the Committee meeting, the Nabucco participant governments had... MORE
Nabucco-West Project, European Commission Face Same Moment of Truth in Baku
On May 29, in Baku, addressing the final session of the Azerbaijani-American Forum’s “Vision for the future,” former United States Senator Richard Lugar underscored that the Nabucco-West gas pipeline project could considerably ameliorate the energy security of vulnerable countries in Central and Southeastern Europe, including... MORE
Ukraine’s Energy Multi-Vectorism: Seeking Energy Independence with the West While Leasing Pipelines to Russia
Ukraine’s energy sector mirrors the country’s pursuit of a multi-vector foreign policy. Kyiv believes it can extract benefits from East and West without giving up its national sovereignty. Since 2010, President Viktor Yanukovych has taken concrete steps toward achieving energy security for Ukraine that his... MORE
New Sino-Mongolian Oil Deal Undercuts Russia’s Old Role
Mongolian Petroleum Authority Chairman G. Ulziiburen announced in mid-March that Mongolia had made an agreement with PetroChina—a subsidiary of China National Offshore Oil Corporation—to exchange crude oil drilled in Mongolia with end-products processed in Inner Mongolia Autonomous Region. Delivery was to reach 10,000 tons of... MORE
China’s Iraq Oil Strategy Comes Into Sharper Focus
March 19 marked the ten-year anniversary of the United States invasion of Iraq that toppled the government of Saddam Hussein. Although the international community continues to focus on the violence plaguing post-war Iraq and the country’s oil production capacity, changes in Iraqi foreign policy in... MORE
China Claims a Share in Kashagan, Kazakhstan Confirms
On April 16, Kazakhstan’s Oil and Gas Minister Sauat Mynbayev made a statement that drew much attention from both domestic and international media and should certainly have been widely commented on in several capitals, including Washington, Moscow, Beijing and New Delhi. After walking out of... MORE
Polish Government Sheds Light on Gazprom-EuroPolGaz MOU
Poland’s Prime Minister, Donald Tusk, has announced some strong measures in response to the April 5 memorandum of Understanding (MOU) between EuroPolGaz and Russian Gazprom, negotiated behind the Polish government’s back. The MOU envisages joint EuroPolGaz-Gazprom construction of a redundant transit pipeline in Poland that... MORE
Nabucco Countries’ Governments Appeal to EU for Support of the Project
The governments of transit countries in the Nabucco-West project—Austria, Hungary, Romania and Bulgaria—have appealed to the European Union’s top executive authorities to support the selection of this pipeline route by the Shah Deniz gas producers in Azerbaijan.The producers’ consortium intends to select either the Nabucco-West... MORE