Latest Articles about Energy
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Russian Energy Projects in the Black Sea Reach End of an Era
Turkish Prime Minister, Recep Tayyip Erdogan’s, March 16-17 Russia visit capped a four-week period of spectacular changes to Russian energy transit projects, in the Black Sea and beyond. During these critical weeks, Russia abandoned the Trans-Balkan (Burgas-Alexandropoulos) oil pipeline project, which it had planned for... MORE
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Putin Looks For LNG Exit From South Stream
On March 9, the Russian government’s official websites published a transcript of Prime Minister Vladimir Putin’s and Energy Minister Sergei Shmatko’s “working meeting,” held that day in Putin’s office. Putin suggests to an approving Shmatko that the South Stream gas pipeline project in the Black... MORE
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Turkmenistan Demonstrates Commitment To Trans-Caspian Gas Pipeline
Turkmenistan is developing the environmental and legal cases for construction of a trans-Caspian gas pipeline to Azerbaijan, there to link up with the EU-backed Southern Gas Corridor to Europe. While Russia and Iran oppose trans-Caspian pipelines, ostensibly on ecological and legal grounds, Ashgabat has started... MORE
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French Total On Yamal: a New Form of Corporate Agreement?
On March 2 at his Novo-Ogarevo residence, Russian Prime Minister Vladimir Putin hosted the signing of a novel type of strategic partnership between Russian and West European energy companies, in this case Total of France. In Putin’s presence, Total chairman and CEO Christophe de Margerie... MORE
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Gazprom Takes Over BP’s Joint Venture At Kovykta
On March 1, Russia’s Gazprom bought the license to develop the giant Kovykta gas field in eastern Siberia from BP’s joint venture in Russia, TNK-BP. Since 2003, the Kremlin had systematically prevented the project’s development, seeking instead to bring it under Russian state control. Now,... MORE
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Russian Government, European Commission Hold Tense Meeting On Energy Issues
The meeting of the European Commission and the Russian government on February 24 in Brussels featured the largest-ever format in the history of such meetings. Russian Prime Minister, Vladimir Putin, and 13 members of his cabinet of ministers attended, as well as almost the entire... MORE
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South Stream Project Contravenes EU’s Energy Market Legislation
On February 24 in Brussels, Russian Prime Minister Vladimir Putin led a governmental delegation for talks with the European Commission on the full range of EU-Russia relations. The Russian delegation lobbied heavily for EU endorsement of Gazprom’s South Stream project. It also raised strong objections... MORE
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Moscow Advocates Modernizing the Russian Oil Sector
Russia plans to modernize its oil production sector, notably state-owned companies, by pursuing international energy partnerships. The Kremlin has increasingly prioritized modernization and innovation slogans. On January 31, President Dmitry Medvedev said Russian state-owned companies, including oil giant Rosneft, should do more to pursue a... MORE
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Southern Gas Corridor Risks Loss Of Strategic Focus
“Achieving the objectives of the Southern Corridor,” in the European Commission’s phrase (EurActiv, February 19), implies commitment to its strategic purpose. This is to supply countries along the Nabucco project’s route, from Bulgaria to Austria and Germany, with Caspian gas, thus reducing those countries’ dependence... MORE
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Cost And Supply Issues Delay The Nabucco Project
The Nabucco pipeline consortium has discreetly postponed its final investment decision by another year, this time until early 2012, with construction to start in 2012 “at the earliest” (Dow Jones, February 18, 21). The investment decision had previously been postponed in October 2010 for 2011,... MORE