Energy security

Nabucco And Hopes Of Georgia

By Dimitri Avaliani, Political Observer

The start of “Nabucco” project accomplishment was officially announced. An alternative pipeline that will supply gas to Europe round Russia will be the first step to reduction of energy and political influence of Moscow in Europe. Defeat of Russia and Georgian approach to Europe – these are the results of “Nabucco” Summit for Georgia.

Baku March

By Arthur Dunn

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.

Gazprom Executive Confirms Production and Investment Woes

By Vladimir Socor

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.