Baku expects three gas transportation consortiums to submit competing bids by October for the gas production of Azerbaijan’s Shah Deniz field, Phase Two. The rival projects are Nabucco (Turkey-Bulgaria-Romania-Hungary-Austria, potentially reaching Germany), ITGI (Interconnector Turkey-Greece-Italy), and TAP (Trans-Adriatic Pipeline, linking Turkey via Greece and Albania... MORE

Amidst growing concerns about the escalation of Turkish-Israeli tensions in the Eastern Mediterranean, Ankara’s decision to undertake seismic exploration for oil and gas – in retaliation for the Greek Cypriot administration’s ongoing exploration activities – further raised tensions in the region. Recently, the Greek Cypriots... MORE

The last several months have been full of good news for the national oil company of Azerbaijan. As the country prepares to celebrate the anniversary of the “Contract of the Century” (the main oil contract signed in 1994 between Azerbaijan and a consortium of western... MORE

Russian Prime Minister Vladimir Putin has been the chief proponent of Arctic development among the Russian elite, and he continues to be its booster. Putin promotes the creation of infrastructure so that Russia can exploit the Arctic’s energy resources as he emphasizes the need to... MORE

On September 16 in Sochi, Russian Prime Minister Vladimir Putin presided over the signing of a shareholders’ agreement to build the offshore section of the South Stream gas pipeline (Interfax, September 16, 17).The agreement pertains to the pipeline’s section on the seabed of the Black... MORE

Two decisions, adopted in quick succession by the Council of the EU and the European Commission, signify major advances in developing the European Union’s common external policy on energy. The EU has decided to negotiate with Azerbaijan and Turkmenistan on natural gas supplies; and in... MORE

As China has become the world’s second largest economy, its demand for energy has caused it to become the world’s biggest comprehensive energy consumer. Accompanying this process has been a sharp upward trend in Chinese foreign direct investment (FDI) focused on energy and other resources.... MORE

Russia’s energy interests in Bulgaria have been under scrutiny since the center-right government of Boyko Borissov took office in July 2009. At the beginning of his mandate, Borisov pledged to review all pending Russian energy contracts signed by the previous Socialist government. Two years later,... MORE

The French company, Total, and Azerbaijan’s State Oil Company (SOCAR) have announced a major gas discovery at the offshore Absheron field. According to Total, the first results from the exploration well, Absheron X-2, confirm a potential of “several trillion” cubic feet of gas (35.3 cubic... MORE

Kazakhstan and Italy are developing a major strategic partnership that is rapidly altering ties between the two countries. For Italy, one of the main and constant aims of Italian foreign policy – regardless of the political orientation of its government – is to guarantee the... MORE