Energy security

Alternative Gas Suppliers Face Overproduction in Russia

By Sergei Blagov

Russia's independent natural gas producers (IGPs) account for a growing share of domestic output, but they are now facing turbulent times amid the global financial crisis and the subsequent domestic economic downturn, as well as problems with sales and gas transit. The role of independent gas producers in Russia has increased over the past decade. Novatek and others have begun contributing significant volumes to the domestic market. In addition to the gas monopoly Gazprom, some 30 Russian companies produce more than 10 million cubic meters (mcm) a year.

Europe Could Draw Gas Through Iran-Armenia Pipeline

If Teheran manages to agree with Brussels, gas for the “Nabucco” pipeline could flow from Iran to the EU, comments Armenian analyst Armen Hanbabian for Deutsche Welle.

Today the Iran-Armenia pipeline has a regional importance and is in a way an alternative to the supplies of Russian gas by the pipeline via Georgia. But the Iran-Armenian pipeline could also transport “blue fuel” from Iran to European countries. Moreover, if Teheran manages to agree with the European countries, then gas for the “Nabucco” pipeline could flow from Iran, considers the expert Armen Hanbabian.

MOL, Gazprom to Build Gas Storage Site in Hungary Independent of South Stream

By: Vladimir Socor

On March 10 in Moscow, Hungary's privately-owned MOL oil and gas company signed an agreement with Gazprom Export in Moscow to jointly establish a gas storage company in Hungary. Prime Ministers Vladimir Putin and Ferenc Gyurcsany witnessed the signing. This project is separate from and, in all probability, independent from Gazprom's South Stream pipeline project, one section of which is planned to traverse Hungary. MOL is not participating in South Stream (Interfax, March 10, 11).

Kazakh Oil Flows to Feodosiya

Anna Ahmetova

Feodosiya import increased oil transferring in 2,8 times. Up to May, monthly oil processing volume will comprise not less than 200 thousand tons.

According to the press service of the Ukrainian Ministry of Transport and Communications, in January the transshipment port increased the transfer up to 216,5 thousand tons, in comparison with the previous January value of 75,1 thousand tons.