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Vice Pres: Iran best path for transferring Caspian Sea oil and gas

Vice President and Head of Environment Protection Organization Mohammad-Javad Mohammadi-Zadeh announced here Wednesday that Iran is logically best path for transferring Caspian Sea oil and gas. READ MORE

Participation of Turkmenistan, Kazakhstan, Uzbekistan in Southern Corridor for gas to Europe to bolster their sovereign independence – Congress

Participation of Turkmenistan and possibly Kazakhstan and Uzbekistan in the Southern Corridor for gas to Europe would bolster their sovereign independence, according to a new report by the U.S. Senate Foreign Relations Committee’s GOP staff titled “Energy and Security from the Caspian to Europe”, reported Silk Road Newsline. READ MORE

Russia Eyes New Far Eastern Gas Export Hub, Reassesses Central Asia

By Sergei Blagov

The Russian natural gas monopoly Gazprom outlined ambitious and costly plans to develop new production and exports hubs in the country’s Far East. Meanwhile, the gas giant has also apparently begun reassessing its ties with Central Asia. READ MORE

EU-Russia gas supply partnership

Partnership, Europe's dependence, or interdependence between Russia and the European Union, there are many ways people use to define the EU-Russia relationship around natural gas. Even if Europe does try to diversify its energy suppliers and partners, or even redefine the rules of the game, gas could still remain the continent's key energy resource for the next century and Russia, its main supplier. READ MORE

Oil and Gas Factor in Karabakh Conflict: New Trends

By Sergey Minasyan

It’s not a secret that today the main financial-economic and partially geographic resource of Azerbaijan within its policy in Karabakh conflict – are particularly significant incomes from Caspian energy sources production (oil and gas). They give hope to military-political leaders of Azerbaijan to achieve cardinal advantage in military-technical sphere and activation of armament race, to finance big regional projects around Armenia, to invest or even open corruption financial aid in third countries, and undertake other steps with the target to achieve favorable change of processes within Karabakh conflict, to force Armenia to make one-side concessions. Simultaneously oil factor also increases geopolitical significance of Azerbaijan per estimations of regional and even world actors. READ MORE

Greek Cyprus ignores Turkey’s gas resistance

Greek Cyprus says it will continue natural gas talks with large companies despite Turkey’s strong opposition, blaming it with ‘showing its true face’ READ MORE

Nord Stream - supply without demand

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The controversial Nord Stream pipeline provides Russian gas directly to Germany, bypassing Poland and Ukraine. But despite the opening of a new second line, it is running far below capacity. READ MORE

Ukraine to Keep Cutting Russian Gas Import in 2013

By Oleg Varfolomeyev

Ukraine haas indicated that a cut in Russian natural gas purchases will be deeper next year than expected thus far, to 24.5 billion cubic meters (bcm). This means that Ukrainian gas imports from Russia will be below contractual volumes for the third year in a row, for which Ukraine may be punished according to the take-or-pay clause in the 2009 contract between Gazprom and the national oil and gas company Naftohaz Ukrainy. Ukraine cuts gas imports saying that it cannot afford to pay the prices set by Russia, but Moscow insists that Kyiv can expect price cuts only if it joins the Russian-led customs union. READ MORE

EU Energy Commissioner Guenther Oettinger: Gas Prices Must Be The Same In All EU Countries

President Dalia Grybauskaitė and EU Energy Commissioner Guenther Oettinger discussed the progress made by Lithuania and all Baltic countries in integrating themselves into the EU's energy system and the creation of regional gas and electricity markets during their meeting in Vilnius on Friday. READ MORE