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Russian Gas: There Is No Alternative For Europe
Russian Gas: There Is No Alternative For Europe The sanctions are now in their second year; the ruble is still not quite itself; and national champions Gazprom and Rosneft are both bracing for what can generously be called a down year. Still, while Russia’s political relationship with the west continues to be redefined, the broader […]
Ukraine Playing Hardball With Gazprom In New Gas Deal
Ukraine Playing Hardball With Gazprom In New Gas Deal Ukraine plans to suspend its gas purchases from Russia on April 1, the day after the current contract expires, in an effort to strengthen Kiev’s bargaining position as the two countries negotiate a new deal that could lower the price of the fuel. Ukraine has been shifting […]
Russia Is Not Bluffing With Turkish Stream Project
Russia Is Not Bluffing With Turkish Stream Project During his visit to Ankara in December 2014, Vladimir Putin announced that South Stream—a large pipeline that would have carried Europe-bound Russian gas under the Black Sea and across Southeastern Europe—had been terminated. A major reason for South Stream’s cancellation was attributed to the exit from the […]
Is The EU Finally Breaking Free Of Russia’s Energy Grip?
Is The EU Finally Breaking Free Of Russia’s Energy Grip? Gazprom’s dominance over European energy supplies may be beginning to slip. The collapse of oil prices has punished Gazprom’s revenues, but in a new development that is further damaging to the Russian state-owned company, the European Union is also beginning to shake itself of Russian […]
As IMF Extends $17.5 Billion Credit To Kiev, Gazprom Demands Debt Repayment
As IMF Extends $17.5 Billion Credit To Kiev, Gazprom Demands Debt Repayment No sooner had the International Monetary Fund (IMF) extended $17.5 billion over four years in new credit to Ukraine, Russia’s private gas giant Gazprom was claiming $2.4 billion of it to settle Kiev’s gas debt. That’s not exactly what the IMF had in […]
Turkey becomes second-biggest Russian gas importer in 2014, Germany keeps leading position
Turkey becomes second-biggest Russian gas importer in 2014, Germany keeps leading position Gazprom’s exports to Italy ammount to 21.6 billion cubic meters which makes it the third-biggest importer MOSCOW, February 13. /TASS/. Russian Gazprom increased gas exports to Turkey by 2.3% in 2014 compared with the previous year, while cutting supplies to its two biggest […]
Could Turkey Become the New Ukraine?
Could Turkey Become the New Ukraine? The deepening crisis in Ukraine is boosting Turkey’s decade-long efforts to establish itself as the lynchpin in energy flows from eastern providers to European customers. On February 8, Turkish Energy Minister Taner Y?ld?z and Gazprom Chief Executive Officer Alexei Miller surveyed possible routes for the so-called “Turkish Stream” gas […]
Global Conflict Intensity Spikes To 7-Year High
Global Conflict Intensity Spikes To 7-Year High If it’s not one geopolitical concern these days it’s invariably another. If today’s story isn’t weak-handed Greece escalating the rhetoric in its hopeless game of chicken with eurozone creditors, it’s ISIS ratcheting up the shock factor in a campaign to scare U.S. coalition partners away from an increasingly ineffectual […]
Expanding Russia Issues Europe An Ultimatum
Expanding Russia Issues Europe An Ultimatum Don’t tell the West, but Vladimir Putin isn’t changing. The Russian President has skipped their little ‘lesson’ on 21st century politics in favor of his own, unadulterated, version. In what we’ve come to expect, Putin is set to formally absorb South Ossetia – Georgia’s breakaway republic – and Gazprom […]
Ukraine Will Have Russian Gas, For Now
Ukraine Will Have Russian Gas, For Now Kiev’s payment of $150 million to the Russia’s government-owned gas monopoly Gazprom will keep supplies flowing into Ukraine for at least the first quarter of 2015. Gazprom said Dec. 31 that Ukraine’s gas company, Naftogaz, had paid in advance for 1 billion cubic meters of Russian gas, including 300 million […]
Kyrgyzstan Looks to Alternative Fuels Ahead of Looming Winter Shortages
Kyrgyzstan Looks to Alternative Fuels Ahead of Looming Winter Shortages. Each winter in Kyrgyzstan the energy situation seems to worsen; blackouts last longer, and officials seem less able to do anything to improve conditions. This year is expected to be particularly difficult. The winter heating season has not even begun and already lots of people […]
