Turkey decided to terminate its 25-year old deal with Moscow on natural gas supplies, Turkish Energy Minister Taner Yildiz was quoted by CNN-Turk as saying. READ MORE

While the new member states' generally small stature, relative poverty and inexperience limit their influence in the European Union, they are fast learning the game of Brussels lobbying, argues Gergana Passy. READ MORE

NATO’s forthcoming summit in Chicago will take place on May 20-21, 2012, NATO Secretary General Anders Fogh Rasmussen announced during a visit to the United States. READ MORE

To reduce its dependence on expensive Russian natural gas, Ukraine proposes to import Azerbaijani liquefied natural gas (LNG) via Georgia and across the Black Sea to Ukraine. Recent gas discoveries in Azerbaijan, and the reactivation of the Turkmenistan-Azerbaijan gas pipeline project, encourage a growing number of consumer countries to turn to Azerbaijan as a gas producer and transit country. Kyiv’s proposal to Baku underscores this trend. READ MORE

Compared to the Eurozone’s public finances, European energy policy looks decidedly bright. Capacity margins are high, prices are low, even emissions have dropped of late. The EU's 'Third Package' of gas and power market reforms, which took effect in March, is set to further enhance supply security, increase competition and improve consumer choice and services. It all sounds very good, but the problem is that such 'policy hits' are grounded in weak fundamentals–not silver bullet policy making.  Shale gas developments have turned LNG markets on their head, while deep seated financial frailties and economic slumps have kept fundamentals weak and growth anemic across EU27 states. That's making energy policy look good, and political populism all too easy. READ MORE