CASA-1000 Final Deal Signing Imminent

Sources close to the CASA-1000 negotiations indicate that the deal will finally be signed today or tomorrow in Istanbul. Officials from Pakistan, Afghanistan, Tajikistan and Kyrgyzstan are set to convene anew to finalize the terms of the much-discussed but frequently-delayed hydroelectric transmission project. According to these same sources, one two of the major factors still being…

Russia: EU pursues anti-trust suit against Gazprom

Today, EU antitrust regulators have made the case the Gazprom has abused its dominance over European natural gas markets. The European Commission said that unfair pricing has resulted in higher gas prices in Bulgaria, Estonia, Latvia, Lithuania, and Poland – most of which are almost 100% dependent on imported Russian natural gas. Regulators assert a…

Gazprom Reports Loss of 70% in 2014

Russian energy giant Gazprom saw its profits drop by 70% in 2014. The drop is doubtless due to the sharp drop in the value of the Russian ruble, low oil prices and the ongoing crisis in Ukraine. Gazprom has been at the center of the conflict in the Ukraine, as its supply of natural gas…

Ukraine: Energy Minister Seeks to Double Gazprom Transit Fees

Ukrainian officials will meet today with Russian officials and representatives from state-owned energy giant Gazprom to discuss Russian natural gas supplies to Ukraine. There is no clear timetable for the talks, as quarreling between the two sides has persisted and indications are that myriad issues are still unresolved. Ukrainian Energy Minister Volodymyr Demchyshyn recently stated…

Gazprom Accused of Using Gas Prices to Pressure Turkey

Russian energy major Gazprom has drawn the criticism of Turkish oil major BOTAS, which alleges that the Kremlin-supported entity has been using price increases to put pressure on Turkish firms.  Officials from private Turkish oil and gas firms have expressed similar discontent with Gazprom, which they accuse of raising gas prices in order to induce…

Iran Talks: Progress Made, Both Sides Optimistic

Iranian President Hassan Rouhani recently paid visits to the country’s leading political and judiciary figures to gauge their reactions to perceived advances in the country’s nuclear talks with the West. The reaction, perhaps surprisingly, has been positive, albeit cautious, and one of the country’s leading hardliners, Ali Larijani, has declared himself “not pessimistic” about the…

Russia: Gazprom to Begin Supplying Turkey by 2017

Russian energy major Gazprom announced plans to begin supplying Turkey with natural gas in December of 2016. Gazprom’s plan, as outlined by chief Alexei Miller, is to route approximately 63 billion cubic meters of gas per annum underneath the Black Sea and into Turkey, which would then route it to European markets should the EU…