While the developed world, including the United States and other Western European countries, has been sluggish in both economic recovery and energy demand, China has experienced major power shortages in recent months, seriously threatening the efforts to sustain the still fragile recover process. The world’s... MORE

Kyiv’s recent attempt to persuade Moscow to lower the price of gas for Ukraine proved to be a fiasco. Russian Prime Minister, Vladimir Putin, made it clear to his visiting Ukrainian counterpart Mykola Azarov on June 7 that Moscow was happy with the current situation... MORE

On June 8 in Kayseri (Turkey), Nabucco project companies from the five transit countries –Turkey, Bulgaria, Romania, Hungary, and Austria– signed with those countries’ corresponding ministries the Project Support Agreements (PSAs) for the construction of the Nabucco pipeline. The five companies plus RWE of Germany... MORE

On June 7 in Moscow, Prime Ministers Vladimir Putin and Nikolai Azarov held tense negotiations on the terms of Russian gas supplies to Ukraine. The government in Kyiv and its Donetsk-based industrial interests are seeking a second round of gas price-cutting, after that agreed in... MORE

Russian Energy Minister, Sergei Shmatko, and Gazprom’s top hierarchy, along with their West-European business allies, advertised the South Stream project at a promotional event on May 25 in Brussels (Interfax, Euractiv, May 25, 26). The European Commission had agreed to be represented at this event,... MORE

Hungary’s government has successfully completed negotiations with the Russian government and Surgutneftegaz about the latter’s exit from Hungary. The government is purchasing Surgut’s 21.2 percent stake in the oil and gas company MOL, Hungary’s largest business entity and Central European oil-refining leader. Surgut, a Kremlin-connected... MORE

Russia’s efforts to ameliorate its energy sector by pursuing international partnerships suffered a sensitive setback as a planned mega-deal ended in an apparent failure.Plans of Russia’s largest oil firm Rosneft to implement a share swap agreement with BP failed to materialize. Until mid-May, BP and... MORE

In just the past three years, the People’s Republic of China (PRC) has established an impressive foothold in the former Portuguese colony of Mozambique in southern Africa. While China’s relations with Mozambique date back to the early 1960s when the Chinese Communist Party (CCP) supported... MORE

On April 15-16, Indian Prime Minister Manmohan Singh and Kazakh President Nursultan Nazarbaev adopted a “Road Map” for 2011-2014 to strengthen the strategic partnership between India and Kazakhstan, signing seven agreements in areas as diverse as energy, cyber security, space exploration, education, and hi-tech development,... MORE

Ukraine has launched talks to revise the January 2009 gas contract with Russia according to which the base price was hiked from $179 to $450 per 1,000 cubic meters of gas. Kyiv hopes the contract will be revised by the end of the summer. Ukraine’s... MORE