Issue 6: May 2011

A Snapshot Of Key Developments In The External Relations Of The Russian Gas Sector

The President of Belarus, Alexander Lukashenko, seems to be optimistic about the possibility of obtaining Russian credits to rescue the Belarusian economy. On May 17, he stated that Moscow was ready to lend Minsk $6 billion in 2011. However, the Kremlin responded by suggesting that it will only lend $1 billion and that even this amount will only be possible in combination with the sale of a number of Belarusian assets, notably a 50 percent stake in Beltransgas. Gazprom already holds a 50 percent stake in the company. READ MORE

• June 13, 2011

Bulgarian Energy Minister Traicho Traikov met on Thursday with his Turkish counterpart Taner Yildiz in Kayseri, Turkey, where they took part in the signing of the Project Support Agreements (PSAs) between Nabucco Gas Pipeline International GmbH and the responsible ministries of the pipeline's five transit countries.

• June 11, 2011

Kyrgyzstan is working on the introduction of various tools of Islamic finance in the country, Kyrgyz First Deputy Prime Minister Omurbek Babanov said

• June 9, 2011

Russia's state-controlled power trader Inter RAO UES cut on Thursday electricity supplies to Belarus by 200 MW from the current 400-500 MW over delayed debt payments

• June 9, 2011

India and Japan have agreed to restart talks on a bilateral nuclear cooperation agreement aimed at allowing Japanese companies to export atomic power technology and equipment to India.

• June 7, 2011

Russia has the most advanced atomic energy technologies and plans to sell them on its own or in cooperation with other leading countries, First Deputy Prime Minister Igor Shuvalov said

• June 7, 2011

KARACHI: The Muttahida Qaumi Movement chief Altaf Hussain has warned that a few aircrafts will come and take Pakistan’s nuclear assets away, DawnNews reported on Friday.

• June 6, 2011

Bulgaria plans to increase its reliance on nuclear energy by 2020 under a new proposal adopted by the government last week.

• June 6, 2011