Russia has been making enormous efforts recently aiming to reduce its dependence on energy transit across Belarus and Ukraine. It is assumed that the aim will be achieved after commissioning of the gas mains known as the "Nord Stream" and the "South Stream", which will keep Europe, like in "tentacles", in energy dependence from Russia. READ MORE

It doesn’t look as a coincidence. On the eve of Dmitry Medvedev’s visit to Ankara a group of Turkish experts left for Baku to prepare a comprehensive agreement on supplying Azerbaijani gas to the planned Nabucco pipeline. READ MORE

There is little doubt that as president of Ukraine, Viktor Yanukovych will decisively shift the country's geopolitical posture, with Kiev once again moving closer to Moscow after its pro-Western and pro-EU turn of 2005. The potential consequences on the EU's energy future are serious, as 80 percent of Russian natural gas exports to Europe transit through Ukrainian territory. The country has been in repeated price disputes with the Russian state-owned gas monopoly, Gazprom, resulting in interruptions of deliveries to the Ukrainian market in January 2006 and 2009, with supplies to Europe affected both times. READ MORE

Following the results of the meeting with Turkish Prime Minister Recep Tayyip Erdogan his Russian colleague Vladimir Putin suggested to deepen the cooperation within energy sphere by assets exchanging. First of all the case is about the access to the resources of Black and Caspian Sea and the gas transporting system of Turkey. Also Ankara promises to arrange all approvals for the South Stream piping till November. Gazprom says that now Turkey stands in one list with its other strategic partners – Germany and Italy. READ MORE