Russian authorities have voiced their support for the country’s state-run energy giants in their possible bids to take over BP’s holdings in Russia. The maneuverings came as yet another sign of the government’s drive towards strengthening the state’s grip on domestic energy assets. Earlier this... MORE

On September 14 in Baku, the heads of state endorsed the Azerbaijan-Georgia-Romania Interconnector (AGRI), a project to import natural gas from Azerbaijan to Romania and onward to Hungary. The project involves the liquefaction of gas for shipment by tankers across the Black Sea from Georgia... MORE

On September 15 in Murmansk, the Russian and Norwegian foreign affairs ministers, Sergei Lavrov and Jonas Gahr Store, signed a bilateral treaty on delimitation of maritime jurisdictions and cooperation in the Barents Sea and the Arctic Ocean. Russian President Dmitry Medvedev and Prime Minister Jens... MORE

Fundamental differences have emerged in talks on a joint venture between Russia’s Gazprom and the Naftohaz Ukrainy national oil and gas company. Not only do Kyiv and Moscow differ on which assets the joint venture should be based on and on the gas price issue,... MORE

During a meeting on September 13-14 in Baku, Presidents Ilham Aliyev of Azerbaijan, Mikheil Saakashvili of Georgia, and Traian Basescu of Romania, as well as Prime Minister Viktor Orban of Hungary, announced the launching of a liquefied natural gas (LNG) project. Designated as the Azerbaijan-Georgia-Romania... MORE

On September 7 in Brussels, three leading international financial institutions launched the process of funding the Nabucco gas pipeline project, potentially to a multi-billion Euro level. The European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), and the World Bank’s International Finance... MORE

Russia seems to have lost its lobbying battle for South Stream and against Nabucco in Europe (EDM, July 13, 14, August 3). At present, Moscow seeks as a last resort to negate the availability of gas supplies to the Nabucco project in the Caspian basin.... MORE

There are indications that the Ukrainian government has agreed to return RosUkrEnergo (RUE) the disputed gas, which the Stockholm court ruled belongs to RUE. According to the ruling, Ukraine has to either accept by September 1, or appeal by September 8. The government apparently chose... MORE

According to Belarusian First Vice-Prime Minister, Uladzimir Syamashka, the end of July was scheduled to mark the finalization of an agreement between Belarus and Russia to build the nuclear power station at Astravets in the Hrodna region with construction of the station to start next... MORE

On July 30 in Berlin, Gazprom’s Vice-President, Aleksandr Medvedev, deprecated the EU-backed Nabucco project and claimed that Russia would imminently proceed with the rival South Stream. “There is complete certainty about South Stream. We have enough gas to supply 63 billion cubic meters (bcm) every... MORE