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

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

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

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

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

“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

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

After selling a large block of shares in Hungarian MOL to the Kremlin-connected Surgutneftegaz, Austrian OMV CEO Wolfgang Ruttenstorfer’s final gift to European energy security is an agreement with Gazprom that interferes with the EU-backed Nabucco project. On February 21 in Moscow, Gazprom CEO Aleksei... MORE

On February 17, the stakeholders and supervisory board of the Russian-led Burgas-Alexandropolis oil pipeline project shelved the project in all but name. The host countries, Bulgaria and Greece, had (each for its own considerations) recently suspended payments to the project company. The meeting decided to... MORE

Launched in 2007, Gazprom’s South Stream project ran out of potential gas resources by 2009 (thanks primarily to Turkmenistan’s reorientation), and out of potential financing at the same time (due to Gazprom’s declining net profits in Europe). Since 2010, Gazprom’s Italian partner ENI seeks a... MORE