Kazakhstan plans to control the supplies of its crude through the Caspian Sea. Currently, the government is involved in difficult negotiations with its partners for a 51 percent control stake in the Kazakhstan Caspian Transportation System (KCTS,) the Kazakh Minister of Energy and Mineral Resources Sauat Mynbayev told New Europe. “By all means, 51 percent; we will not join that project, formally or informally, for anything lower that 51 percent,” he said.
At the oil and gas conference just held in Baku, Industry and Energy Minister Natig Aliyev, confirmed that Azerbaijan strives for access to European markets as the main export destination for Azerbaijani gas and, potentially, for Turkmen gas via Azerbaijan to Europe.
Significant progress has been achieved with Turkey on moving forward the Nabucco gas pipeline project, Reinhard Mitschek told, managing director of Nabucco Gas Pipeline International.
Answers by the US Special Envoy for Eurasian Energy, Ambassador Richard L Morningstar, to questions by Novinite.com's Ivan Dikov during Morningstar's press conference after the end of the Sofia Energy Summit "Natural Gas for Europe", April 25, 2009.
Two energy conferences are taking place this week -- one in Bulgaria, the other in Turkmenistan -- that could result in major decisions being made on pressing issues surrounding European imports.
State officials and business representatives in both Sofia and Ashgabat will be discussing how to reliably transit energy resources -- mainly natural gas -- from locations in Asia to markets in Europe.
This is the full text of the Final Declaration of the Sofia Energy Summit, "Natural Gas for Europe. Security and Partnership", which was signed by 28 states and organizations from Europe, the Middle East, and Central Asia: Albania, Armenia, Austria, Azerbaijan, Bosnia and Herzegovina, Croatia, Czech Republic, the European Commission, the European Bank for Reconstruction and Development, Egypt, France, Former Yugoslav Republic of Macedonia, Germany, Greece, Hungary, Italy, Kazakhstan, Moldova, Montenegro, Qatar, Romania, Russian Federation, Slovenia, Serbia, Turkey, Turkmenistan, the Ukraine, USA.
Russian expansion into European energy industries stands poised to cross a new threshold with the stealthy acquisition of a large stake in Hungary's privately owned MOL by Russia's Kremlin-controlled Surgut Neftegaz. This move entails a number of bold novelties.
On October 16, 2007, Kazakhstan, Turkmenistan and Iran signed an agreement to lay 700 kilometers of railroad track from Uzen in Western Kazakhstan to Gorgan in Iran transiting Turkmenistan. However, his railroad might be delayed for more than eighteen months for financial reasons.
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.
The attempts of Russia to participate in Iranian gas supplies to Europe will hardly be successful. This point of view was sounded by the Senior Researcher of the Institute of World Economy and International Relations Ivan Danilin.