Latest Articles about Energy
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Russian Gas Sector Moves Towards Recovery
Russia’s natural gas sector has increased its domestic production and exports, apparently recovering in the aftermath of the recent economic downturn. However, the industry remains dependent on exports amid growing costs. Moscow’s official statistics appeared to indicate that the domestic gas sector managed to overcome... MORE
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Turkmen President Supports Trans-Caspian Pipeline in Meeting With Top EU Officials
On January 14-15, European Commission President, Jose Manuel Barroso, and EU Energy Commissioner, Guenther Oettinger, paid an unprecedented joint visit to Turkmenistan. They arrived directly from Azerbaijan, whose President Ilham Aliyev approved that country’s accession to the EU-planned Southern Gas Corridor on January 13 (EDM,... MORE
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Azerbaijan Signs up Officially to EU’s Southern Gas Corridor
On January 13 in Baku, Azerbaijan’s President Ilham Aliyev and European Commission President Jose Manuel Barroso signed a declaration on developing the Southern Gas Corridor to Europe. On January 14-15 in Ashgabat, Barroso and EU Energy Commissioner Guenther Oettinger conferred with President Gurbanguly Berdimuhamedov on... MORE
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Kazakhstan Announces Plans to Exit Regional Electricity Network
On January 6, Kazakhstan Electricity Grid Operating Company (KEGOC) announced its plans to exit the Central Asian power system. Kyrgyzstan and Uzbekistan’s inability to reach regional agreements with Kazakhstan on electricity supply over the winter is the main reason for KEGOC’s decision. Due to technical... MORE
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Austrian OMV Helped Russian Surgut Launch Takeover Attempt Against Hungarian MOL
Two parallel court proceedings in Vienna have confirmed that Austrian OMV and Russian Surgut Neftegaz had coordinated their hostile takeover attempts against Hungarian MOL. The Austrian and the Russian company were targeting MOL’s oil-refining business, which is recognized as the most efficient in Central Europe.... MORE
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Uzbekistan’s Growing Role in Beijing’s Central Asian Strategy
The People's Republic of China (PRC) is pursuing a variety of objectives in Central Asia. These objectives include securing regional states' support in suppressing anti-Beijing Uighur nationalists and potential terrorist threats, giving Chinese firms access to energy resources as well as trade and investment opportunities,... MORE
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Interconnector and Trans-Adriatic Gas Pipeline Projects: How Competitive?
The Interconnector Turkey-Greece-Italy (ITGI) is a project of the Milano-based Edison with Depa, the Greek state-controlled gas transmission and trading company. ITGI proposes to carry 10 to 12 billion cubic meters (bcm) of “Caspian” gas per year, including 8 bcm to Italy and the remainder... MORE
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Two Non-Strategic Projects Compete With Nabucco Over Azerbaijani Gas
A contest for priority access to Azerbaijani gas has developed between three gas transport and trading projects: Nabucco, the Interconnector Turkey-Greece-Italy (ITGI), and the Trans-Adriatic Pipeline (TAP, geographically a continuation of the Turkish pipeline route into Greece, heading for Italy). All three are component projects... MORE
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Turkey Seeks Cheap Energy and Peaceful Nuclear Technology to Sustain Economic Growth
Energy policy continues to dominate Turkey’s political agenda, as the Turkish Energy Minister, Taner Yildiz, has outlined various projects to address the country’s energy needs. Yildiz found the performance of the Turkish energy sector in 2010 satisfactory, in many respects; the increasing energy generating capacity;... MORE
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Top European Officials in Azerbaijan and Turkmenistan Promote Nabucco (Part Two)
Stakeholders in Nabucco and other Southern Corridor pipeline consortiums, as well as Shah Deniz project stakeholders in Azerbaijan, the European Commission, and many observers consider that investment decisions are a must in the first half of 2011.If finalized at this juncture, the investment decisions would... MORE