An agreement easing the terms under which Russia supplies gas to Ukraine, reached on 19 November between Russian Prime Minister Vladimir Putin and his Ukraine colleague Yulia Tymoshenko, appears to alleviate fears of another gas crisis this winter.
As the UN Copenhagen climate change summit will hold in December.
Russian Energy Minister Sergei Shmatko declared on November 16 that the Nord Stream pipeline on the Baltic seabed would not be used for diverting gas volumes away from Ukraine’s transit pipelines to Europe. In effect, this statement acknowledges that the Nord Stream pipeline, from Russia directly to Germany, is not a Ukraine-bypass project.
NATO has been actively discussing the possibility of establishing a joint European army for a long time. The latest discussion was triggered after The Times published an interview with Italian Foreign Minister Franco Frattini on November 15, 2009.
Obama has already shown commitment to the climate by leading a conference at the UN The White House has announced that US President Barack Obama will be attending the Climate Summit in Copenhagen next month, giving the negotiations fresh momentum.
Turkey can play a key role in overcoming existing hurdles to the realization of the Nabucco pipeline project, which will augment Europe’s energy security. In return the EU should assist Turkey on its path to EU membership.
“We are interested in exporting our resources through different routes,” Azerbaijan’s President Ilham Aliyev stated during his visit to Bulgaria on November 13. On the same day, he paid a short working visit to Sofia to meet his counterpart Georgi Parvanov and to sign an inter-governmental agreement on the transit of Azeri gas to Europe though the Black Sea. This was the third agreement signed with a foreign country during the past month. Previous agreements were signed with Russia and Iran. Analysts believe that these latest developments hint at Baku’s plans to diversify its export options and reduce its dependence on the so-called “Turkish route”.
Rügen is best known as a popular German tourist destination. But now the Baltic Sea island has taken on a new role as staging point for an energy project that is as ambitious as it is controversial: the Nord Stream gas pipeline from Russia to Germany. Next spring the first pipeline segments will likely be dropped to the sea floor in a line that will wind through Russian, Finish, Swedish, Danish and German waters—conspicuously avoiding the Baltic states and Poland.
Russia made a surprise pledge to cut back on CO2 emissions at a summit with the EU in Sweden on Wednesday (18 November). Russian diplomats said the country is ready to cut emissions by 20 to 25 percent below 1990s levels by 2020, up from a previous commitment of 10 to 15 percent.
Gazprom and Rosneft are accelerating exploration efforts in Central Asian onshore projects. Their experience may show that interesting opportunities exist away from the Caspian Sea oil and gas fields, where most of the business focuses on.