The Republic of Cyprus, a European Union member country, is proceeding with development of the Aphrodite offshore field. This is the first of 12 offshore gas and oil blocs that Cyprus plans to tender out to international companies. Bidding for the other 11 blocs was... MORE

The Azeri-Turkish agreements of late 2011 have opened up real possibilities for effecting positive gains in the European and trans-Caspian energy equation. These agreements arranging for the transport of Azeri gas to Turkey and beyond create for the first time both a dedicated pipeline to... MORE

Tensions are once again on the rise in the South China Sea. On April 10, a standoff began when two Chinese surveillance vessels blocked a Philippine warship from detaining Chinese fishermen suspected of poaching near the contested Scarborough Shoal. There has been a tense deadlock... MORE

After a period of relative calm during the second half of 2011, tensions in the South China Sea began to ramp up again in the first quarter of 2012. In particular a tense standoff in April between a Philippine Navy ship and three Chinese patrol... MORE

Fourteen companies, including Gazprom and three other Russian firms, are bidding to acquire DEPA and its fully-owned subsidiary DESFA, the Greek state-controlled gas transportation systems. Additionally, Gazprom is targeting Greece’s dominant oil company, Hellenic Petroleum, part-owner of DEPA, for possible acquisition. Apart from commercial considerations,... MORE

Potential large shale gas deposits in Europe have raised hopes that the old continent may in the future rely less on oil and natural gas imports from Russia. However, fears of potential environmental effects of hydraulic fracturing and the lack of a clear policy by... MORE

After Bulgaria (see EDM, January 24), Romania might unnecessarily miss its own chance to explore a promising shale gas potential in partnership with the Chevron Corporation. Unlike the Bulgarian situation, Romanian protests against shale gas exploration are peripheral, outside the political system, and not backed... MORE

Interest is growing among Western gas producers in Azerbaijan, transit companies, and European importers in the Trans-Anatolia project for Caspian gas to Europe. Initiated by Baku as an Azerbaijani-Turkish project, the Trans-Anatolia Gas Pipeline (Turkic acronym: TANAP) is planned to run from the Georgian-Turkish border... MORE

Interested parties are considering joining, in one way or another, the Azerbaijani-Turkish Trans-Anatolia Gas Pipeline project (Turkic acronym: TANAP) across Turkey to the European Union’s border. Some of the same interested parties are competing against each other to provide a continuation route for TANAP into... MORE

On March 30 on his maiden visit to Moscow, Bulgarian Economy and Energy Minister Delyan Dobrev struck a poor deal with Russia. Under imperative instructions from his prime minister, Boyko Borissov, Dobrev tentatively promised a final investment decision by November 15, 2012 regarding the Bulgarian... MORE