Inside Putin’s Plan to Dominate the World’s Oil and Gas Markets

Vladmir Putin once called the collapse of the Soviet Union “the greatest geopolitical catastrophe of the century.” But in Central Asia and Eastern Europe, a new economic union, aimed at collecting the scattered pieces of the Russian Empire, is growing. Should Putin’s Eurasian Union succeed by incorporating all of Central Asia and Eastern Europe minus the Baltic States and Balkans, Russia will effectively hold sway over some of the largest concentrations of natural gas, oil, and uranium in the world. Continue reading

Six Balkan countries agree on new routes for energy imports into Western Europe, sign cooperation agreement

Greece could very well regain its footing within the EU should this materialize. It could also serve as the cooridor to Europe for oil and gas deposits within the contested Cyprus region, which was also recently wrestled away from the Turks and Russians by the EU.

On May 23, Montenegro, Bosnia and Herzegovina, Albania and Croatia signed a memorandum on cooperation in the implementation of projects concerning the Trans-Adriatic Pipeline (TAP) and the Ionic-Adriatic Pipeline (IAP) in Tirana, the capital city of Albania. Montenegrin Foreign Minister Igor Luksic, Vice Chairman of the Council of Ministers of Bosnia and Herzegovina Zlatko Lagumdžija, Albanian Foreign Minister Aldo Bumçi and Croatian Deputy Minister of Foreign and European Affairs Joško Klisovic represented their respective countries at the meeting. Continue reading