On October 28, Turkmenistan’s Ministry of Foreign Affairs issued a statement strongly contradicting the Russian government’s views on the bilateral gas trade and on Turkmen gas export policy in general. The statement follows six days after Russian President Dmitry Medvedev and a governmental delegation held... MORE

Moscow has reiterated its pledges to develop the Russian natural gas sector and significantly increase domestic production and exports. However, it remains to be seen whether Russia will be able to deliver on its permanently increasing gas output plans against a background of growing domestic... MORE

Using the Odessa-Brody oil pipeline as originally intended, south-north, is under active consideration again; this time, by the governments of Ukraine and Belarus. The pipeline is being used since 2004 in reverse, north-south, by Russian oil companies, for exports out of Odessa. Such reverse-use blocks... MORE

Rosneft's Kremlin-led breakthrough into German oil refining (EDM, October 19) has been accompanied by a sudden global expansion of the Russian half in the TNK-BP joint venture, again at the expense of its partner British Petroleum. Both Russian moves capitalize on BP's financial liabilities from... MORE

On October 16 in Moscow, Russian President, Dmitry Medvedev, and his Venezuelan counterpart, Hugo Chavez, witnessed the signing of an agreement whereby Russia’s Rosneft takes over Petroleos de Venezuela’s (PDVSA) massive refining capacities in Germany. With this, Rosneft is acquiring 10 percent of the total... MORE

On October 14, Hungary and Romania inaugurated a gas pipeline connecting the two countries’ transmission systems. The Szeged (Hungary) – Arad (Romania) pipeline is the first in a series of interconnector projects supported by the EU in Central and Southeastern Europe. The EU’s Energy Commissioner,... MORE

On October 13 in Bucharest, Gazprom CEO Aleksei Miller held talks with Prime Minister Emil Boc, Economics Minister Ion Ariton, and other officials, on Romania’s possible participation in Gazprom projects. Adriean Videanu, economics minister until six weeks ago and (unusually in Romania) an active proponent... MORE

Russia has sought to expand its trade with China in an apparent bid to prop up what was officially denoted as the strategic partnership between the two nations. Meanwhile, as bilateral trade recovered, China has regained a surplus in its trade with Russia. The official... MORE

On October 7 in Baku, BP signed a production sharing agreement with Azerbaijan’s State Oil Company (SOCAR) for the exploration and development of the Shafag and Asiman gas blocks in Azerbaijan’s Caspian offshore sector. The new CEO of BP, Robert Dudley, witnessed the signing during... MORE

In China’s quest to secure raw materials, resources and markets, Beijing has laid out a sophisticated blueprint to develop a region-wide transit corridor throughout the subcontinent. In the Himalayas, it has built rail, road and air networks that can support the Chinese military’s logistic supply... MORE