August 2009

Gazprom, Turkey Revive and Reconfigure Blue Stream Two

By Vladimir Socor

Russian Prime Minister Vladimir Putin wooed Turkey's AKP government with grandiose vistas of a bilateral partnership on energy during his visit to Ankara. Along with his proposal to build Gazprom's South Stream pipeline to Europe via Turkey's Black Sea economic zone, Putin also discussed reviving Gazprom's Blue Stream Two pipeline project in a new form.

Not the Best Way to Reset Relations

By James F. Collins

The response from the Obama administration was also immediate. In an effort at damage control, the White House and State Department denied any suggestion that the administration was changing its carefully crafted approach toward Russia, even as spokesmen for the administration reaffirmed U.S. principles about the independence of Russia’s neighbors. But the incident has demonstrated once again how easily U.S.-Russian relations can be derailed or diverted and how vulnerable they will remain until a firmer base is built for better ties.

Gazprom's Investment Strategy Runs Out Of Steam

By Sergei Blagov

Russian state-run gas giant Gazprom has cut its investment program in response to the difficulties it faces in the current economic downturn. These cost-saving measures contrasted sharply with Gazprom's pledge last year to become the world's largest company. Such efforts were supported by the Russian government. On July 13, the cabinet approved Gazprom's revised investment program worth 775 billion rubles ($25 billion) or 15.8 percent down from its 920 billion rubles ($29.7 billion) planned earlier. At a cabinet meeting, Prime Minister Vladimir Putin conceded that Gazprom's January-June 2009 production was 20.8 percent down year-on-year. However, Putin voiced confidence that Gazprom's production and sales will return to their pre-crisis levels eventually.

Nino Burjanadze: I Absolutely Don’t Understand Why Russia Challenges Georgian People So Openly?

By Roman Yakovlevsky

Georgia remains in the focus of international policy and Mass Media. Current processes in the country incite ambiguous reaction, assessments among the upholders of the President Saakashvili as well as among his opponents. After the war in August of 2008 with Russia, Georgia lost 20% of its territory. One of the most famous Georgian politicians Nino Burjanadze gave an interview exclusively on her view on current situation and future prospects in Georgia. In 2008 she established and headed the opposition party “Democratic Movement “Edinaya Gruzia” (“United Georgia”).