On September 23, the drill ship SAIPEM 10000 — built in South Korea at the cost of $250 million and flying the flag of the Bahamas — arrived in the Exclusive Economic Zone (EEZ) of Cyprus to begin exploring for gas under a license awarded to an Italian-South Korean consortium, ENI-KOGAS. The Cyprus government hopes that additional discoveries over the next 18 months in its EEZ will be sufficient to make its plans to build a liquefied natural gas (LNG) plant on the island, to condition gas for export, commercially viable.
The final decision on the extradition of the former Finance Minister of the Moscow region Alexei Kuznetsov will be taken by the French executive authorities on the basis of court recommendations, the Russian Prosecutor General's office said Saturday.
Kazakhstan considers oil export routes which could go beyond Russian oil, including oil transportation from the Aktau port through the Caspian Sea, then through Azerbaijan and beyond, Kazakh Energy Ministry told Novosti-Kazakhstan News Agency.
ASEM, the Asia-Europe Meeting, has been taking place for the past 18 years, but it has rarely been in the spotlight. Concrete decisions are rare. Ukraine is one of many issues set to be discussed on the sidelines.
The European Commission remains committed to the ongoing negotiation process with both Azerbaijan and Turkmenistan on the Trans-Caspian pipeline project, a source with the Energy Department of the European Commission told Trend.
Russia’s Gazprom is now working on a detailed price package in line with Turkey’s demand for a discount on natural gas prices, said Gazprom Vice President Alexander Medvedev at the fourth International Gas Forum.
Exclusive interview of the lecturer Institute of International Relations and Political Science (Vilnius University) Mr. Vytis Jurkonis.
Government of Kosovo has presented a report which shows the challenges of the process of talks with Serbia and the implementation of the Agreements of the Brussels’ Dialogue for the period January-September 2014.
A drop in global oil prices, driven in part by a boom in U.S. shale oil production, is threatening to hit the economies of energy-exporting Russia and Iran harder than Western economic sanctions have done.
Starting from the beginning of 2014, both the EU and Ukraine have been facing many common challenges related to their respective border, energy and defense security. The instability in the eastern part of the EU’s neighborhood caused by the Russian aggression against Ukraine, and the violation and unilateral redrawing of Ukraine's borders by Moscow, push the EU to rethink its current approaches to its own security with the goal to enable the EU to adequately respond to these challenges. This task can be very difficult for the EU and would require the EU’s consistency and unanimity in face of the different risks resulting from a geopolitical confrontation with Russia.