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06/04/2011 | Economia y Finanzas
South Stream Revival and EU-Russian Energy Relations
With energy market observers focused on the Middle Eastern uprisings and the Japanese catastrophe, the entrance on March 21 of the German company Wintershall into the consortium backing the South Stream pipeline came as a great surprise.
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22/02/2011 | Economia y Finanzas
The Arab Uprising and Oil Prices
On Jan. 31, after five days of upheaval in Egypt, the price of a barrel of Brent crude on the London-based Intercontinental Exchange passed the $100 threshold for the first time since the financial meltdown of September 2008. Brent crude is currently trading for more than $105, while prices in New York for light sweet crude have observed a similar upward trend since the height of the chaos in Egypt.
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26/05/2010 | Economia y Finanzas
Paradigm Change Needed in EU-Russia Energy Relations
The last few weeks have been disappointing ones for European diplomacy and energy politics, to say the least. At the beginning of April, Russia began construction of the Nord Stream pipeline, which will bring up to 55 billion cubic meters a year of additional Russian gas to Germany, bypassing non-EU transit countries as well as the Baltic republics and Poland. Moscow also began floating proposals for a joint-venture between Gazprom and Ukraine's Naftogaz, raising the real possibility of Russian participation in the troublesome Ukrainian pipeline network.
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18/03/2010 | Economia y Finanzas
Ukraine's Election Clouds EU's Energy Future
There is little doubt that as president of Ukraine, Viktor Yanukovych will decisively shift the country's geopolitical posture with Kiev, once again moving closer to Moscow after its pro-Western and pro-EU turn of 2005. The potential consequences on the EU's energy future are serious, as 80 percent of Russian natural gas exports to Europe transit through Ukrainian territory.
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