To reduce its dependence on expensive Russian natural gas, Ukraine proposes to import Azerbaijani liquefied natural gas (LNG) via Georgia and across the Black Sea to Ukraine. Recent gas discoveries in Azerbaijan, and the reactivation of the Turkmenistan-Azerbaijan gas pipeline project, encourage a growing number... MORE

Ukrainian President Viktor Yanukovych met with his Russian counterpart Dmitry Medvedev and Prime Minister Vladimir Putin near Moscow on September 24 in a last-ditch attempt to persuade the ruling tandem to lower gas prices for Ukraine. The officials involved have avoided saying anything specific about... MORE

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