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

As Central Asia opened up to the rest of the world after the collapse of the Soviet Union opportunities have emerged for the regional countries to build links with Europe, South-East Asia, and the Middle East. This has proved to be significant in the development... MORE

Poland, Lithuania, and Latvia are each planning to build a liquefied natural gas (LNG) reception terminal with a re-gasification plant on their Baltic littorals at Swinoujscie, Klaipeda, and near Riga, respectively. These projects can break Gazprom’s monopoly in the three Baltic States and Poland, creating... MORE

Lithuania seeks the European Union’s support for gas sector reform in line with EU law, against pressures from Gazprom. The Russian company enjoys a supplier’s monopoly in Lithuania and controls the country’s gas pipeline system. The reform, based on EU directives, involves ending the gas... MORE

The Russian government’s offer of cheap gas to Moldova, in return for military basing rights (“Cheap Gas for Basing Rights: Russia Offers Ukrainian-Type Deal to Moldova,” EDM, February 4) aims to pressure Moldova’s governing Alliance for European Integration (AEI). That government was confirmed in office... MORE

Russia’s ambassador to Moldova, Valery Kuzmin, insinuated via Chisinau media on February 1 that Moscow can grant Moldova a price discount on Russian gas, as it granted one to Ukraine, in return for military basing rights.Kuzmin said: “Moldovan authorities must execute the conditions of the... MORE

Pakistan and Tajikistan have actively advanced their partnership in the energy, trade and transport spheres in recent months. The three pillars of cooperation are crucial components of the national strategies of these countries in bilateral and multilateral formats as they seek to break their relative... MORE