After failing to persuade Russia to change the current gas contract, Ukraine is threatening to break it. The state-owned oil and gas company Naftohaz Ukrainy will cut Russian gas imports from the 40 billion cubic meters (bcm) bought last year to 27 bcm this year,... MORE

Lithuania is forging ahead on natural gas sector reform and liquefied natural gas (LNG) access, outpacing other states in the region. In 2011, Lithuania became the first EU member country to adopt the Third Package of EU energy market legislation, choosing its most far-reaching version.... MORE

On July 2 in Kyiv, Naftohaz Ukrainy and Ferrostaal Industrieanlagen signed a memorandum of understanding (MOU) for a pilot project to upgrade Ukraine’s gas transit system. That system carries more than 70 percent of Russia’s gas exports to Europe at present. Germany’s powerful lobby for... MORE

On June 28, the Shah Deniz gas producers’ consortium in Azerbaijan announced that it has selected the Nabucco-West pipeline project to be the route for Caspian gas into Central Europe. This decision is an immediate consequence of the Azerbaijan-Turkey inter-governmental agreement, signed on June 26,... MORE

The Azerbaijani-Turkish Trans-Anatolia gas pipeline project (TANAP), officially launched on June 26 (see EDM, June 27), is impacting a vast field ranging from Turkmenistan, across the South Caucasus and Turkey, to Central Europe and EU authorities in Brussels.This project encourages Turkmenistan to pursue a trans-Caspian... MORE

Azerbaijan-Turkmenistan relations, which experienced a significant thaw since the death of Turkmen President Saparmurat Niyazov (Turkmenbashi), deteriorated again last week (June 19). The most recent conflict began when Turkmenistan started undertaking seismic work on a disputed oilfield in the Caspian Sea. The oilfield, discovered by... MORE

On June 26 in Istanbul, Azerbaijan’s and Turkey’s leaders signed the inter-governmental agreement on the Trans-Anatolia Gas Pipeline (TANAP) project. This agreement marks the start of implementing the EU-planned Southern Corridor to Europe for Caspian gas. This pipeline would run from the Georgia-Turkey border to... MORE

Russia pledged to limit its over-reliance on crude oil prices. However, the economic model of Russia’s oil and gas sector still seems destined to remain largely export-oriented, including the government’s continued dependence on petrodollars. Russia’s financial over-reliance on oil and gas remains an Achilles’ heel... MORE

Gazprom’s Shtokman offshore gas project in the Barents Sea faces its third reconfiguration in a decade. The project – a joint venture of Gazprom with French Total and Norwegian Statoil – has yet to start in practice at the supergiant deposit in the Russian Arctic.... MORE

Russian state-controlled companies, Gazprom and Rosneft, mapped out far-reaching expansion programs in bilateral deals with Western companies at the St. Petersburg International Economic Forum on June 21-22. Russian President Vladimir Putin coordinated the overall process (Interfax, June 21 – 23; Kommersant, June 22). In parallel... MORE