Latest Articles about Energy

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

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

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

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

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

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

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

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

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