Nord Stream

Gazprom's Investment Strategy Runs Out Of Steam

By Sergei Blagov

Russian state-run gas giant Gazprom has cut its investment program in response to the difficulties it faces in the current economic downturn. These cost-saving measures contrasted sharply with Gazprom's pledge last year to become the world's largest company. Such efforts were supported by the Russian government. On July 13, the cabinet approved Gazprom's revised investment program worth 775 billion rubles ($25 billion) or 15.8 percent down from its 920 billion rubles ($29.7 billion) planned earlier. At a cabinet meeting, Prime Minister Vladimir Putin conceded that Gazprom's January-June 2009 production was 20.8 percent down year-on-year. However, Putin voiced confidence that Gazprom's production and sales will return to their pre-crisis levels eventually. READ MORE

Russia-Germany: an Asymmetric "Strategic Partnership"

By Vladimir Socor

Russian President Dmitry Medvedev and German Chancellor Angela Merkel headed large governmental delegations for bilateral talks on July 16 in Munich. The process, known as Russo-German inter-governmental consultations, involves informal semi-annual summits at which leading business representatives join the cabinet ministers on either side. The Munich meeting reviewed ongoing cooperation projects and considered new ones. READ MORE

Baltic Europe Intergroup

By Prof. Vytautas Landsbergis, Member of the European Parliament

I want to make several remarks to be realized as questions to everybody and any government, not only to "Gazprom" as a part of Russian Government and its foreign policies. READ MORE

Lithuania Presented The Goals Of Its Presidency Of The Council Of The Baltic Sea States

In Elsinore (Denmark) at the 15th Ministerial Session of the Council of the Baltic Sea States, Lithuania’s Minister of Foreign Affairs Vygaudas Ušackas presented priorities of Lithuania’s Presidency of this organisation. READ MORE

Energy Security Within Baltic Context

Lithuanian Mass Media Review.  READ MORE

European countries sign gas pipeline deals with Russia

Russian natural gas giant Gazprom has signed deals with companies from four European nations, paving the way for a new natural gas pipeline that sidesteps the Ukraine and worries Brussels.