Shell And Gazprom Sign 'Global Co-Operation' Pact
Deal will give Shell access to Russia's huge oil and gas reserves READ MORE
Russia Sees ‘Too Much’ EU Energy Diversification
Russian Energy Minister Sergei Shmatko said the European Union is pursuing “too much” a policy of energy-source diversification and assured his country can provide “good and economically viable” supplies. READ MORE
Russia Targeting Oil Assets in Poland and Lithuania
On October 30, Poland announced its intention to privatize the state-owned majority stake in the country’s second-largest oil industry concern, Lotos Group. The Polish government is inviting interested parties to pre-tender talks on the Lotos Group. READ MORE
Is the U.S. Bullying Europe Into Cutting Ties With Iran?
Tougher U.S. and European sanctions against Iran might be hitting its economy, leading to fears of looming inflation and cuts in food and gas subsidies. But that doesn't mean the Islamic Republic is out of friends — far from it. Even the U.S.'s close allies in Europe have stopped short of cutting their relations with Iran, allowing it to continue its trade in oil and gas. READ MORE
Oil And Politics, The Lithuania Round
How a Polish investment in a Lithuanian oil refinery went bad and raised Russia's ire. READ MORE
Black Sea LNG Project Draws On Gas From Azerbaijan
During a meeting on September 13-14 in Baku, Presidents Ilham Aliyev of Azerbaijan, Mikheil Saakashvili of Georgia, and Traian Basescu of Romania, as well as Prime Minister Viktor Orban of Hungary, announced the launching of a liquefied natural gas (LNG) project. Designated as the Azerbaijan-Georgia-Romania Interconnector (AGRI), and linking up with Hungary, this is the first-ever LNG project in the Black Sea. READ MORE
Trend Commentator: Europe Wastes Time And Gas
Azerbaijan has always been famous for its oil industry. In the last four years, it has been strengthening its position in gas exports. Azerbaijan's gas exports are as important as its oil and oil products. Proof of this can be seen in the recent signing of extentions to the contract for Azerbaijani gas supplies to Russia. They involve a doubling of fuel supply up to two billion cubic meters in 2011 and a further increase in 2012. READ MORE
Global Warming To Boost Economic Power Of Cities In The 'New North' Which Can Unlock Natural Resources
Global warming will make cities in northern countries like Canada and Scandinavia the next big global economic powers, a senior academic has predicted. READ MORE
Russia, Azerbaijan to sign deal on boosting gas supplies
Russian gas giant Gazprom and Azerbaijan's state oil and gas company will sign a deal to increase supplies of Azerbaijani gas to Russia in 2011-2012 during the Russian president's visit to Baku on Thursday, RIA Novosti reported. READ MORE
Will Kazakhstan's oil reach Europe?
The main trend of the strategy for export of Kazakhstan’s energy resources is ultimate diversification of its roads, therefore oil export to Europe is in compliance with the country‘s interests. READ MORE