Latest Articles about Energy

Croatia Can Call Gazprom’s Bluff on South Stream

Moscow is “pressuring” Croatia to join Gazprom’s South Stream project urgently, before Croatia’s accession to the European Union takes legal effect in 2013. An internal analysis, prepared by Croatian government officials for senior decision-makers and leaked to the press, warns that yielding to Gazprom’s demands... MORE

Kazakhstan Expands Gas Transit Pipeline Capacities and Own Exports to China

The longest section of the Turkmenistan-Uzbekistan-Kazakhstan-China transit pipeline passes through Kazakhstan’s territory: it measures 1,115 kilometers in length, of the total 1,830-kilometer Turkmenistan-China distance. Kazakhstan is adding a dedicated export pipeline for its own gas exports to China. In combination, these developments (alongside planned oil... MORE

Gazprom’s Shtokman Project: Relic of a Past Era

On August 7, Norway’s Statoil announced its exit from the super-giant Shtokman gas field development in the Russian Arctic. The Norwegian company, majority state-owned, is writing off its investment into the Shtokman project, booking $335 million (apparently most of that investment) as financial expenses for... MORE

Kazakhstan’s National Oil Company to Consolidate Bridgehead in Europe

Kazakhstan’s national oil and gas holding, Kazmunaigaz, has started its first-ever oil exploration drilling outside that country. Rompetrol Upstream, a division of Rompetrol Group, is drilling the Kaz-1 exploration well near Focsani in eastern Romania. The Rompetrol Group is a fully-owned subsidiary of Kazmunaigaz Processing... MORE

South Stream: A Project with Changeable Geography

Russian President Vladimir Putin wants the South Stream consortium to make a final investment decision by November 2012, and insists that Gazprom start construction work by the same date on the pipeline’s section in the Black Sea (Interfax, July 23; www.kremlin.ru, July 24). With four... MORE

Italy Ambivalent About Gazprom’s South Stream Project

On July 23 in Sochi, Russian President Vladimir Putin obtained a verbal endorsement of Gazprom’s South Stream project from Italy’s new prime minister, Mario Monti, on his first visit to Russia in that capacity. Italy’s state-controlled oil and gas company, ENI, is a shareholder in... MORE