As noted by Steve LeVine at his Oil & Glory blog, Vladimir Putin recently racked up another in a string of unbroken victories in the European Pipeline War as Gazprom purchased a majority stake in the state oil company, NIS, and joined Russia’s South Stream Pipeline consortium. Last week, Bulgaria signed onto South Stream as […]
Read more »As noted in today’s Financial Times, the story of energy in the 21st century has been the relative decline of the developed world as both a producer and a consumer. We have been following this trend for some time now, keeping a close eye on The New Seven Sisters in particular. As the article reports: […]
Read more »As neatly reported by Energy Daily, Russia is moving swiftly to develop projects in its own self-defined sector of the Caspian Sea. Russia’s move offshore means it is now joining post-Soviet republics Azerbaijan, Kazakhstan and Turkmenistan in developing their claimed national sectors of the Caspian, leaving only Iran – stymied by U.S. trade sanctions barring […]
Read more »As reported by AFP, Russian President Vladimir Putin clinched a key pipeline deal with Bulgaria on Friday that strengthens Moscow’s grip on European gas markets. As the article notes: “…Bulgaria and Russia agreed to build the so-called South Stream pipeline project, which will cross the Black Sea into Bulgaria and then split in two arms, […]
Read more »There have been stories this past week or so about the severe winter and gas shortages in Iran, and their resulting cut in supplies to Turkey. The Iranian domestic shortage was supposed to be made up from Turkmenistan. Unfortunately the shortfall from Iran to Turkey was supposed to be made up by increased supplies from […]
Read more »As always, a very interesting post by Steve LeVine focused primarily on the withdrawal of Thomas Pickering, the senior U.S. statesman who was to lead the high-level U.S. pipeline campaign on the Caspian. Mr. LeVine offers an intriguing alternative but, having detailed many posts on various pipeline initiatives in this blog, I thought that the […]
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