Ukraine tense over Russian gas supply

To compound already-bursting tensions between Ukraine and Russia, the Russian oil and gas company Gazprom has raised prices to the country by 37% by cancelling a discount and even threatening to cut supplies entirely. This, according to a statement delivered by Ukrainian Energy Minister Yuri Prodan, means that Ukraine will be forced to pay $368.50…

CASA-1000 Negotiations Continue

Negotiations on the CASA-1000 Power Supply Program have continued today in Istanbul. The proposed transmission project will transmit 1300 MW of surplus electricity from existing hydroelectric power sources in Kyrgyzstan and Tajikistan through Afghanistan to power-starved end markets in Pakistan and India. Details over the Power Purchase agreement are still being hotly debated, especially as…

Violent Clashes in Kiev Leave Hundreds of Casualties

Ongoing violence in Independence Square, or Maidan, in Kiev, Ukraine, has claimed the lives of more than 50 Ukrainian protestors and seen hundreds more injured. The rapid escalation in aggression impetuously put an end to a short-lived truce brokered between the Ukrainian government and opposition party leaders. Though the principal catalyzing factor remains unknown, both…