Dr Radu Dudau,
director of the Energy Policy Group Bucharest (EGF Information Partner)

Romania’s most important foreign energy policy project, the Nabucco gas pipeline, collapsed in June 2013 as the rivaling TAP (Trans-Adriatic Pipeline) won the bidding for transporting Azerbaijani gas to the EU. Hence, the Southern Gas Corridor (SGC) will link the Caspian Basin to Southern Italy via Turkey, Greece, Albania, and the Adriatic Sea. Shah Deniz consortium’s choice was predominantly commercial, yet it came to the detriment of Eastern Europe’s strategic necessities. But, although left with no large scale international project, Romania keeps significant options to improve its energy security on the medium term. This paper reviews Romania’s prospective new sources –internal and external – of primary energy. READ MORE

A highly successful roundtable discussion on Exploring the Role of Economic Initiatives as Peace Building Tools in the Nagorno-Karabakh Context took place on the 27th of March, 2014, at the European Parliament.  The event was organized by the European Geopolitical Forum and international NGO partners, and was attended by more than 40 experts from the South Caucasus region and Brussels-based think tanks and international organizations who engaged in discussion in a constructive, informal ‘atmosphere of exchange’. The roundtable focused constructive energies on discussing a common future in an economically integrated South Caucasus, as a way to build mutual trust aimed at helping to overcome the current stalemate within the political and security negotiations. Please click here for the summary of conclusions of the event. READ MORE. 

Jack Sharples, EGF Associate Researcher and Andrew Judge, EGF Guest Contributor

The current tensions in Ukraine have generated speculation about the security of Russian gas supplies to the EU via Ukraine. This short article analyses the likelihood of a suspension of Russian gas supplies via Ukraine and the impact of such a suspension on EU gas imports. We find that a suspension of gas transit is far from inevitable, but cannot be ruled out. The impact of such a suspension would disproportionately affect Central and South-East Europe, with this region divided between those that have access to gas storage and/or alternative supplies, and those that do not. In this regard, Bulgaria remains the only EU member state in this region that has neither sufficient gas storage nor access to alternative supplies. READ MORE

Fatemeh Shayan, University of Eshfahan, Iran
University of Tampere, Finland
Guest contributor to EGF

Do such organisations exist beyond the ‘self fulfilling prophecy’ level?
Much research has examined energy relations between the European Union (EU) and Russia,[1] but not the larger picture of energy relations between the EU and the Gas-Troika, made up of members Russia, Iran and Qatar. Although the Gas-Troika is in an early stage of development, increasing demand for gas, especially from the EU, has noticed members to attempt to present it as a future gas superpower. READ MORE

By Valentin Stoyanov
EGF Affiliated Expert
Gazprom’s South Stream gas pipeline project has been highly visible in the European media in recent months and appears to be going from strength to strength. The project seems to have high level political support and there is much speculation that actual construction is imminent, particularly in Serbia and Bulgaria. There are also rumors that the Russian company, Stroytransgaz, has signed “construction contracts” and is ready to commence operations. Further, in December 2012 there was even a symbolic first welding of pipes in the Russian coastal town of Anapa. For better or for worse, and taking into account the wider energy security debate between the EU and Russia, all of these developments appear to reflect “evidence” that the South Stream project is just about upon us. READ MORE

by Professor Natasha Udensiva
The U.S. shale gas revolution is spreading: more and more countries are talking about developing their own shale gas resources. How is this relevant for Gazprom? It is relevant because, with more countries developing their natural gas resources, Gazprom’s once-powerful monopoly may soon lose its hold on the European market. So far, the company’s strategy has relied on the exclusiveness of its vast resources. But shale development is undermining this very quickly. Soon, access to technology will trump resource access. Then, Gazprom’s only chance of reasserting its presence will be to lower its prices. READ MORE

by Prof. Andrej Kreutz,
EGF adviser for Trans-Atlantic security

The issue of soft power and its use in international relations, the concept of attracting and coopting rather than use of direct or indirect coercion as a means of persuasion, was introduced to present use by American scholar Joseph S Nye Jr. in 2002. However, both its concept and its practical use were in fact not new. Both modern and past history provides numerous examples of its previous applications. READ MORE

By Igor Alexeev
Russian journalist and blogger for Strategic Culture Foundation and Route Magazine. He writes on the oil and gas sector, Eurasian energy security and shipping industries in the Arctic.

European countries, including the Netherlands, Finland and the United Kingdom expressed their interest in the expansion of Nord Stream. The third and fourth strings of the pipeline enjoy the highest level of political support in Europe. As a result Nord Stream will be the cornerstone of European energy security in the decades to come.
Nord Stream Fact Sheet

• Nord Stream is a twin pipeline system through the Baltic Sea transporting natural gas from Russia to Europe;
• It runs across the Baltic Sea waters from the Portovaya Bay (near Vyborg) to the German coast (near Greifswald) stretching over 1224 kilometers;
• The third and fourth lines are planned for annual capacities of 27.5 billion cubic meters each;
• The stakes in Nord Stream AG are distributed as follows: Gazprom holds 51%, Wintershall Holding and E.ON Ruhrgas – 15.5% each, Gasunie and GDF Suez – 9% each;
• Nord Stream will export gas from the Yuzhno-Russkoye oil and gas field, the Yamal Peninsula, Ob and Taz Bays and in perspective Shtokman field;
• The cost of construction of the first two sections was $7.4 billion.