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Bulgarian government resigns after popular protests against high energy prices
Bulgaria’s government resigned from office after nationwide protests against high electricity prices and austerity measures on February, 20. It is hardly the only country in Europe vulnerable to high...
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Bulgarian nuclear future and the U.S. intrigues
Bulgaria is facing the wave of the largest mass protests in the last 16 years, being provoked by price hikes. So the resignation of Boyko Borisov’s government has been expected. It was this very...
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Iranian-Pakistani consortium to build a new gas pipeline
An Iranian-Pakistani consortium is starting work on a $7.5 billion 780-kilometer gas pipeline from Iran to Pakistan, RT Business reports. Pakistan said it would pursue its gas pipeline project...
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Libya invites Tatneft oil company to continue its work in the region
Russian oil company Tatneft has returned to Libya in March for the first time since the violent uprising in this energy-rich North African country. Earlier in January Tatneft executives and the...
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Nord Stream expansion begins in the Netherlands
Gazprom plans to form a new energy consortium in Europe to expand the Nord Stream, Russian newspaper Kommersant reports. Russia’s energy giant will ink a memorandum of intent with Gasunie during the...
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South Stream shapes European energy security, Nabucco falls behind
South Stream is an ambitious endeavor of Russia’s energy giant Gazprom to get direct access to the EU energy market. It is portrayed and criticized by some politicians in Europe as a «dangerous»...
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Russia to finance the South Stream construction in Serbia
Russia has proposed to fully finance the construction of a section of the South Stream gas pipeline in Serbia with the partner’s portion to be returned later from transit tariff payments, Oil & Gas...
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OMV buys RWE stake in Nabucco project
Austrian energy group OMV has bought German utility RWE’s nearly 17 percent stake in the Nabucco pipeline project, Reuters reports. An OMV spokesman confirming media reports about the sale but gave no...
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Nuclear Industry Re-Energizing after Fukushima
Reconstructing nuclear confidence in post-Fukushima world is a long and painful process. But real-life energy demands especially in the developing countries predetermine a significant share of nuclear...
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Conditions fulfilled for South Stream construction in Serbia
Serbia is ready to start building its section of the South Stream pipeline, Srbijagas Director-General Dusan Bajatovic said. Bajatovic and Dragan Duncic, acting director of the Republic Agency for...
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Nabucco West suspension opens the way for South Stream
The BP/Statoil-led energy consortium that operates the giant offshore Shah Deniz field denied Azerbaijan’s natural gas to the Nabucco West pipeline. BP was not the first investor to flee the project....
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US push for Syria invasion meets strong inner opposition
Barack Obama’s comments on Syrian chemical dossier are so cryptic and unclear that even hardliners in Europe feel more and more confused. It becomes more and more apparent that “humanitarian” invasion,...
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Fitch: Russian natural gas export opens Eastern horizons
Real alternative to EU exports is born during recent talks in Moscow. Representatives of Chinese National Petroleum Company and Russia’s oil & gas giants Gazprom and Novatek have inked the...
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Shale projects lagging in Eastern Europe
“Shale perspectives” in Eastern Europe are challenged by delaying tactics of industry majors. Media coverage of shale gas development is positive but in Lithuania and Poland global oil & gas...
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Balkan States stand South Stream despite EU criticism
Bitter about sudden collapse in talks between Ukraine and the EU in Vilnus, the European Commission demanded to renegotiate the terms of their agreements with Gazprom on the South Stream natural gas...
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Sanctions against Russia will deal a blow to the American nuclear industry
Nuclear energy is just one example of how America’s aggressive, expansionist policy abroad can cause real damage to key sectors of the US economy. The Democrat John Kerry, who is threatening Russia...
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Has Ukraine Shot Itself in the Foot With Gas Pipeline Deal?
Last week, Ukrainian Prime Minister Yatsenyuk pushed a bill through the Verkhovna Rada that would see his country’s gas transportation system sold off to a group of international investors. The...
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EU Fracking Boom Becoming Less Likely
Pro-fracking campaign in the global media is fading fast. A year or two ago the extraction method suitable for the Arizona desert was presented as a key component of the EU’s energy security policy by...
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The EU Energy Union Blueprint – One Voice, Different Interests
On Wednesday, Feb. 25, EU Energy Commissioner Maros Sefcovic presented an Energy Union proposal to supply Eastern Europe with gas from domestic sources. This draft document, which was made available to...
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