Europe & Eurasia
Bold new production strategy
1 November 2003
The country has again appealed for international investors to help realise its upstream potential. The country’s minister of oil and gas industry and mineral resources, Tachberdy Tagiyev, spoke to Derek Brower about his targets and plans for the industry
Slow, but regular, progress
1 October 2003
In its three years in existence, the energy dialogue between the European Union (EU) and Russia has designed an ambitious programme of co-operation – but has not yet produced any major agreement. However, both sides claim slow, but regular, progress is being made, writes Helen Avati
The battle for market share
1 September 2003
The tantalising prospect of EU membership has accelerated the restructuring along Western lines of central and eastern Europe’s downstream oil markets. The reforms are nearly all in place, consigning Communist-era structures to the scrap-heap of history, writes Ivan Berenyi
Plans under pressure
1 September 2003
A struggle for mineral rent
1 August 2003
By ditching the PSA system, the Russian government and parliament are working against the national interest because it will result in a loss of tax revenues to the state. Only the opponents of the system stand to gain by its removal, writes Andrei Konoplianik, deputy general secretary of the Energy Charter Secretariat
Yukos under fire
1 August 2003
Eastern promise
1 July 2003
Russia aims to maintain its hold on European oil and gas export markets while forging further into the Asia-Pacific region. Plans for gas pipeline and LNG exports to China, Japan and South Korea are taking shape, but there is still uncertainty about the role the state will play, Isabel Gorst reports
PSA debate not over yet
1 July 2003
Legislation marginalising PSAs leaves the state worse off, not better, writes Andrei Konoplianik, deputy general secretary of the Energy Charter Secretariat and one of the chief architects of the PSA system. In the first of two articles, Konoplianik explains why PSAs are needed and why there may be life left in them
Breaking free of regulation
1 July 2003
The government has passed a new gas act designed to open the sector to competition – one of its obligations for EU membership. The changes look set to transform Mol’s prospects. Neil Barnett talks to Zoltan Aldott, group chief strategic officer
Gearing up for co-operation
1 July 2003
The European Union (EU) is starting to push the energy chapter of the Euro-Mediterranean Partnership (EMP) – also known as the Barcelona process – with conviction. James Gavin reports
Still in the hunt
1 July 2003
Gas Natural, the Spanish gas distributor, dropped its ambitious Euro25bn ($29.4bn) hostile bid for the power utility, Iberdrola, in May, after the country’s National Energy Commission vetoed the bid. But with some of the more aggressive European players still cash-rich enough to contemplate further acquisitions in the run-up to full European Union (EU) energy liberalisation in 2007, analysts predict more big gas-power tie-ups – whatever the regulatory obstacles national authorities may place in their path, James Gavin reports
Russia benefits from CIS deals
1 May 2003
Recent natural gas export/import deals signed by Russia, Turkmenistan and Ukraine suggest that after a decade of squabbling, producers and consumers in the CIS may be on the way to setting their huge gas-trading relationships on a more orderly and commercial footing. Isabel Gorst reports
Thinking aloud
1 May 2003
It should be make-your-mind up month in Moscow. The government and lawmakers are set to review the nation’s long-term energy strategy, decide the routing of oil exports from eastern Siberia and push forward a number of legal measures that could change the upstream landscape for investors. Various, often conflicting, interest groups are thinking out fragments of policy in the open, reports Isabel Gorst
East to West
1 April 2003
The Energy Charter has its origins in the post-Cold War era as part of an EU-backed attempt to ease energy supplies from eastern Europe to major Western markets. Today, it is negotiating an ambitious energy-transit protocol and trying to sign up Russia to the treaty. David Townsend spoke to the organisation’s Ria Kemper
More regulation
1 March 2003
The European Commission has presented a proposal for a new directive on investment services and regulated markets, which now includes commodity markets. Liz Bossley investigates whether the directive will lay a heavier hand on energy markets than the UK’s Energy Market Participants Regime
Looking for compromise
1 March 2003