Presidents Nursultan Nazarbayev and Barack Obama will likely discuss Kazakhstan’s proposal to establish the world’s first international nuclear fuel bank when they meet at the Nuclear Security Summit in Seoul in a few weeks. In February, Foreign Minister Yerzhan Kazykhanov (Kazakhstan General Newswire, February 28)... MORE

Russian oil companies Gunvor, Rosneft, and Lukoil are spearheading what looks like an acquisition spree of refining capacities in Western Europe. Some West-European authorities accept without qualms and even welcome such Russian takeovers, apparently viewing them as crisis-relief measures for stricken European refineries and workforces... MORE

On February 23, Belarus’ Minister of Energy, Alyaksandr Azyarets announced the signing of the basic contract for the construction of the Belarusian nuclear power station in Astravets district (Hrodna region). Earlier that month, Belarus’ Belvneshnekonombank and Russia’s Vneshekonombank signed a bilateral agreement that provides the... MORE

In 2011, Lithuania became the first European Union member country to enact EU energy market reform on national territory (see EDM, July 7, 2011). Lithuania opted for the most far-reaching version of this anti-monopoly legislation (“unbundling,” under the EU’s Third Energy Package). It requires separation... MORE

Addressing the Caspian-European Integration Business Club in Baku (Trend, Today.Az, February 29), Azerbaijan’s Industry and Energy Minister Natig Aliyev announced that negotiations on a Turkmenistan-Azerbaijan gas pipeline are advancing, as part of the EU-backed Southern Corridor to Europe. For its part, Azerbaijan is holding meetings... MORE

Russia is set to start crude oil exports through the Baltic Pipeline System’s second trunkline, BPS-2, with its Ust-Luga maritime terminal at the Russian end of the Baltic Sea. The BPS-1 trunkline is already operating since 2009 with its Primorsk maritime terminal. The oil is... MORE

In their comments released on February 20-22 (see EDM, February 22), unnamed representatives of the Shah Deniz producers’ consortium postponed from mid-2012 to mid-2013 the selection of a pipeline route for Azerbaijani gas to Europe. Whether they spoke for the multinational consortium or for their... MORE

Russia’s natural gas monopoly Gazprom has repeatedly pledged to increase natural gas production and exports. However, the gas giant appears to face an uncertain export future as its credibility in Europe has been dealt a blow and some of its ambitious plans have proved slow... MORE

On February 20-22, one or more anonymous representatives of the Shah Deniz gas producers’ consortium announced their preferred pipeline options for transporting Azerbaijani gas to Europe. Of the existing five rival options, those representatives have eliminated one pipeline project; suggested (thus, prejudging) the order of... MORE

The Baltic regional nuclear power plant project, at Visaginas in Lithuania, is moving forward despite unfavorable international circumstances. At this point, the adverse circumstances are not internal to the project. They are extraneous to it, originating variously from Russia and from Europe.Last July, Lithuania selected... MORE