The European Union is the world’s largest importer of energy resources. Formation of a common energy policy is one of the most important issues on the daily agenda of the Member States, probably because coal, gas and oil remain the dominant energy sources for the Union despite its efforts to develop renewable energy. Adoption of the second package of directives that called for opening of the gas and...

It has been pronounced on several occasions that Iran may join TANAP, a constituent part of the Southern Gas Corridor (SGC), scheduled to supply natural gas from Shah Deniz II to the European market starting from 2019. Rovnag Abdullayev, the president of State Oil Company of the Republic of Azerbaijan (SOCAR), TANAP’s major stakeholder (58%), said that "after the decision on...

On June 27, 2016, Russian President Vladimir Putin received a letter from his Turkish counterpart Recep Tayyip Erdoğan, expressing Turkey’s willingness to restore ties with Russia. Immediately, Gazprom spokesperson Sergey Kupriyanov announced his company’s openness to dialogue with Ankara on the construction of the “Turkish Stream” natural gas pipeline. Turkish Prime Minister Binali...

Introduction The EU membership referendum that was held in the UK on June 23, 2016, resulted with 51.9% of the population voting in favor of the withdrawal from the European Union. Taking into consideration the 43 years’ long membership of the U.K. in the EU, this event is bound to bring about certain consequences for all the remaining 27 Member-States as well as for countries outside the Union. In...

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