Finance Minister Alexei Kudrin said Tuesday that Belarus appeared to have accepted the terms of a $3 billion loan offered by a Russia-led group of former Soviet republics to save the teetering Belarussian economy from a disastrous collapse.

• May 18, 2011

Once again as it has before in its troubled history, the Nabucco pipeline consortium has announced a postponement of construction until 2013, citing a lack of supply contracts, Robert M. Cutler of the Asia Times reports. Gas would not start pumping until 2017

• May 18, 2011

A solution to a shareholder dispute over the development of Kazakhstan's most prospective gas field could take anything from six months to 10 years, the head of Russian shareholder LUKOIL (LKOH.MM) said on Tuesday.

• May 17, 2011

In the wake of the French government's decision to ban hydro-fracking, Poland has warned the European Commission (EC) against imposing restrictions on unconventional gas extraction technologies, but given the lack of control the EC has over such issues, the warnings are somewhat redundant.

• May 17, 2011

Eurozone financial ministers are to continue their talks in Brussels, with discussions now expected to focus on the dire state of the Greek economy.

• May 17, 2011

Japanese officials are readying a new approach to stabilizing a reactor at a nuclear plant crippled by an earthquake and tsunami after discovering a leak from the containment vessel of enough radioactive water to fill an Olympic swimming pool.

• May 16, 2011

Pakistanis can now have uninterrupted electricity supply — but for a price.

• May 16, 2011

The Government of the Republic of Tajikistan provided us with relief money of 120,000 US dollars (approximately 1 million yen) regarding the Great East Japan Earthquake.

• May 14, 2011