Statoil and  EGL today, 20 May, announced the divestment of a combined stake of 15% in the Trans Adriatic Pipeline Project (TAP) to E.ON Ruhrgas - a leading energy provider.

• May 24, 2010

Today, the European Parliament renewed its commitment to greater engagement by the European Union in the South Caucasus as it adopted a new resolution on EU policy in the region [1]. This is the first resolution dedicated to the South Caucasus countries since the launch, in 2009, of the EU’s landmark Eastern Partnership policy [2].

• May 24, 2010

Russia is ready to invest about $1 billion to develop uranium deposits in Namibia, the world’s fourth-biggest producer of the metal, said Sergei Kiriyenko, chief executive officer of Rosatom Corp.

• May 22, 2010

Iran's letter to the IAEA confirming its deal with Turkey and Brazil over an exchange of uranium will advance negotiations on Tehran's nuclear program, Brazilian Foreign Minister Celso Amorim said Friday.

• May 22, 2010

Geothermal power is growing rapidly across the globe according to a new report by the Geothermal Energy Association (GEA).

• May 22, 2010

Prime Minister Recep Tayyip Erdoğan has phoned world leaders to seek support for a deal Iran agreed to earlier this week to ease tensions over its nuclear program as a US-led coalition pushes for sanctions against Tehran to force it to stop enriching uranium.

• May 21, 2010

The selling price of power generated by gas-based plants will go up by up to Rs 1.20 per unit on account of the hike in the price of natural gas, government said today.

• May 21, 2010

Summary of Panel I: The Future of the Energy Charter and the Debate over the Third Package
The energy trade between Russia and the countries of the European Union (EU) is of fundamental significance for the energy security of each party. Despite the close proximity of the EU-Russia energy relationship, however, the legal and political basis underpinning this relationship, particularly with regards to the gas trade, has proven itself inadequate in guaranteeing the energy security of both parties. Russia's recent announcement of its intention "of not becoming a member" of the Energy Charter Treaty, and new proposal for global energy security has created further uncertainty. While it is hoped that a new government in Kiev will lead to an improvement of Russian relations with Ukraine, Ukraine's national gas transportation operator remains in a difficult financial position and another gas crisis embroiling Ukraine, Russia and the EU, whilst hardly imminent, cannot be entirely ruled out.

• May 21, 2010