German RWE Energy Group, which is a participant to the European Nabucco pipeline project, stated today that signing an agreement on gas supplies from Turkmenistan was postponed, Stefan Judisch, chief executive of RWE Supply & Trading, told reporters in a conference. READ MORE

Azerbaijan, Georgia, and Romanian are jointly launching a liquefied natural gas (LNG) project, designated as the Azerbaijan-Georgia-Romania Interconnector (AGRI). The three governments regard their project as an element in the EU-planned Southern Corridor for Caspian gas to Europe. READ MORE

Turkish State Minister Ali Babacan made an intriguing declaration in Brussels: "I was one of the authors of Zurich protocols signed with Armenia and there we reached a clear agreement that the Parties will discuss within historic committees the issues over the events of 1915. And we were ready to any results of these commissions activity". By this Babajan underlined, that Azerbaijan and other states were informed in details about Armenian-Turkish negotiations in Zurich: "I’ll say more, after we agreed with Armenia in Munich to sign protocols, I went not to Ankara, but to Baku, where I specified the position of Turkey on these issues to the President Ilham Aliyev". READ MORE

Today the gas pipeline Nabucco is probably the most important Western energy project in Eurasia. If implemented, it would significantly reduce energy dependence of the EU on Russia. Therefore Nabucco acquires a wide geopolitical dimension exceeding its possible economic benefit. READ MORE