On May 31, the Gunvor oil-trading company, 45 percent owned by Gennadiy Timchenko, announced its full acquisition of the Ingolstadt oil refinery in Germany, the top-performing plant of the insolvent Petroplus concern. The acquisition price is not disclosed.Russian President Vladimir Putin paid a working visit... MORE

China’s Jinsha River, literally the “Golden Sands” River, could soon live up to its rich name. The approximately 2300-km long upstream section of the Yangtze River is the site of up to 25, planned large-scale (50 MW and above) hydropower projects (Caixun, May 4; Dongfang... MORE

The Nabucco pipeline consortium has submitted a radically modified version of its project for consideration by the Shah Deniz gas producers’ consortium in Azerbaijan. The modified submission capped intense discussions within the Nabucco consortium, down to the wire of the May 16 deadline.Its new version,... MORE

The Ukrainian government has chosen Shell and Chevron to develop its shale gas fields. Their first drilling results are expected in 2013-2014. Whether or not these results match expectations will be a test for Ukraine’s ability to cut its umbilical cord to Russian gas. Without... MORE

Lithuania is reviewing possible options for nuclear fuel supplies to the Baltic regional nuclear power plant, projected at Visaginas in Lithuania. Japan’s Hitachi Corporation and its subsidiary, Hitachi-General Electric of the United States, are building that plant and will supply the nuclear fuel. According to... MORE

Hungary’s critique of the Nabucco project (see accompanying article) has prompted the other partners in the consortium to express their own views. On the whole, these reflect the stakeholders’ common interest in implementing this pipeline project. They also reflect country-specific or company-specific interests attached to... MORE

Hungary has raised some serious questions about the viability of the Nabucco gas pipeline project and the performance of the project company’s management. The Hungarian critique has strongly reverberated in all quarters: at the EU in Brussels, among the Nabucco partner-governments, within the project consortium... MORE

On May 3, Moscow criticized Turkey’s plans to explore natural gas deposits around the divided island of Cyprus, under the protection of Turkish naval and air power. Russian Foreign Affairs Ministry’s chief spokesman, Aleksandr Lukashevich, cautioned Turkey that its actions “may exacerbate the situation on... MORE

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