Via The New York Times, an update on Austria, Bulgaria, Hungary, Romania, and Turkey’s decision to sign a transit agreement on the Nabucco pipeline, which would stretch 2,000 miles from the Caspian Sea to Austria through Turkey. This project would reduce Europe’s dependence on Russian gas but, despite this latest agreement, the project’s completion remained […]
Read more »Via Stratfor (subscription required), interesting analysis of the impact that Ukraine’s economic woes is having upon its energy position and potential energy crisis. As the report notes: “…Russia’s biggest private investment bank, Troika Dialog, announced July 6 that it is willing to provide Ukrainian state energy company Naftogaz with up to $4 billion in financing […]
Read more »Via Stratfor (subscription required), interesting analysis of the broader regional implications of the recently completed pipeline between China and Kazakhstan, particularly for Russia. As the article notes: “…Kazakhstan has finished constructing the final segment of a strategically important oil pipeline running from the Caspian Sea to western China, according to a July 1 announcement from […]
Read more »Via the always insightful The Oil & The Glory, interesting thoughts on Russia’s recent overtures to some of the original Seven Sisters to participate in major exploration projects. As the article notes: “…With cash reserves running down and insufficient economic relief in sight, Prime Minister Vladimir Putin, his growl turned into a purr, is welcoming […]
Read more »Via Stratfor (subscription required & recommended), interesting analysis of the deal signed between Russia and Azerbaijan on June 29, under which Russia will pay Azerbaijan $350 per thousand cubic meters of natural gas — the highest price Russia has paid for natural gas from the Caucasus or Central Asia. As the article notes, Moscow hopes […]
Read more »Via Stratfor (subscription required), interesting analysis of Turkmenistan’s increasingly desperate efforts to diversify its energy partnerships beyond Russia which recently cut off its imports of Turkmen natural gas, halving Turkmenistan’s income. As the article notes: “…Turkmenistan is the only Central Asian state that is self-sufficient in both energy supplies and electricity production. The country currently […]
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