Dynamism of Azerbaijani foreign policy due to the enhancement of its role within the issues of energy security is the main factor of contemporary international policy.
Politicians, business leaders and civil society experts from Germany and Russia are meeting in Munich for the "Petersburg Dialog", a key semi-annual event meant to strengthen ties between the two countries.
Turkey and four EU member states have signed a historic deal in Ankara allowing work to start on the Nabucco natural gas pipeline, which is aimed at allowing the European Union to tap directly into non-European gas reserves.
The signing ceremony for the intergovernmental agreement to build the Nabucco gas pipeline will be a high-profile event, gathering the prime ministers of several countries on 13 July in Ankara.
Perhaps it is no coincidence that the memories of last winter's gas shortage in the European Union, have prompted competing gas pipelines to the EU to hire two former German politicians to smooth the way.
Briefing the press on June 16 in Moscow, Gazprom deputy chairman Aleksandr Ananenkov lifted a curtain corner on the company's investment and output prospects in the short-to-medium term. Gazprom is set to substantially reduce capital expenditures in the next few years, starting with a 22 percent capex cut this year: from 640 billion rubles in 2008 to a target figure of 500 billion rubles in 2009.
Calculus has two main variants—derivative and integral. The Eurasian energy pipeline geopolitics between Turkey Washington and Moscow today has elements of both. It is highly derivative in that the major actors across Central Asia from China, Russia to Turkey are very much engaged in a derived power game which has less to do with any specific state and more to do with maintaining Superpower hegemony for Washington. Integral as the de facto motion of various pipeline projects now underway or in discussion across Eurasia hold the potential to integrate the economic space of Eurasia in a way that poses a fundamental challenge to Washington’s projection of Full Spectrum Dominance over the greatest land mass on earth.
Romania launched a campaign to host the future European agency for the cooperation of energy regulators (ACER), entering a competition with existing rival bids by Slovenia and Slovakia. EU agencies are decentralised executive bodies, distinct from its institutions, to which a specific task is assigned.
Armenia is pressing ahead with its ambitious plans to build a new nuclear power station to replace the aging Soviet-era facility at Metsamor slated for decommissioning by 2017. The Armenian government has commissioned an Australian engineering company to manage the project. However, the key question of who will provide the funding needed for the plant's construction remains unanswered.
Central European leaders from 14 countries have called for more regional cooperation in the wake of the global economic crisis and for a better distribution of energy resources.