Southern Gas Corridor update: Russian involvement increasingly evident
July 17, 2017
While new public finance for the Southern Gas Corridor is lining up, the European Commission’s narrative that the pipeline would relieve Europe’s dependence on Russian gas continues to crumble.
EÚ nepriamo poskytne ruskému Lukoilu miliardovú pôžičku
August 7, 2015
Na rozvoj azerbajdžanského ťažobného poľa dostane ruská spoločnosť pôžičku od Európskej banky pre obnovu a rozvoj, Ázijskej rozvojovej banky a konzorcia bánk. Mimovládkam sa to nepáči.
Guest post: Behind the glitz of oil riches – the shrinking space for democracy in Azerbaijan
July 29, 2015
Last week, the European Bank for Reconstruction and Development approved a loan over half a billion dollars for Lukoil’s share in the Shah Deniz gas field in Azerbaijan. In this guest post, rights activist Emma Hughes from Platform reflects on how business as usual resumes after the media attention on Azerbaijan’s human rights abuses has faded.
Publish What You Pay: ‘Lukoil loan would fundamentally contradict EBRD policies’
July 21, 2015
The Board of the Extractive Industries Transparency Initiative (EITI), a coalition of companies, governments, investors and civil society organisations has unanimously downgraded Azerbaijan to a “candidate country”. Azerbaijan will be suspended from the EITI in April 2016 if it does not comply with a set of requirements that ensure civil society can work freely in the country.
Sport for Rights to EBRD: No public money for Lukoil and mega gas project in Azerbaijan
July 20, 2015
On Wednesday 22 July the European Bank for Reconstruction and Development (EBRD) will decide whether it will arrange a loan of up to $ 500 million to Russia’s Lukoil for the Shah Deniz II offshore gas project in Azerbaijan. Together with the campaigners of Sport for Rights and sixteen other NGOs, Bankwatch has written a letter to the EBRD’s president and its directors. We urge them to reject the project because Azerbaijan fails the EBRD’s basic requirements which include human rights, multi-party democracy, rule of law and pluralism.
Repression and carbon lock-in required for security and sustainability?
May 14, 2015
With construction of the Trans-Anatolian gas pipeline (TANAP) in Turkey getting under way, the Trans Adriatic Pipeline (TAP) consortium awarding contracts for the construction of access infrastructure in Albania, and Russian pipeline plans lagging behind, the Southern Corridor for Azerbaijan’s gas exports to Europe is increasingly looking like a done deal. Or at least that is what the project promoters would have us believe.
Jailing of prominent human rights activists in Azerbaijan casts a shadow over Europe’s planned gas deals with the Aliyev regime
April 24, 2015
London, Prague — Azerbaijan’s authoritarian regime has been intensifying its crackdown on civil society with the recent jailing of two leading human rights defenders. The Aliyev regime has gained much of its political and financial clout by siphoning off proceedings from the country’s vast oil and gas reserves. These are the same reserves that the EU is now planning to make its next big source of gas, and the same government that the EU still considers a legitimate partner.
European Investment Bank confirms plans to finance Trans-Adriatic Pipeline
February 4, 2015
On February 2, during the annual meeting between civil society and the European Investment Bank’s (EIB) Board of Directors, the EIB revealed that the Trans-Adriatic Pipeline (TAP) was among its priority projects for 2015 in the Balkans.[*] The Trans-Adriatic Pipeline, planned to stretch from Greece via Albania and the Adriatic Sea to Italy, is part of the Southern Gas Corridor, a chain of projects meant to bring natural gas to Europe from the Shah Deniz offshore gas field in Azerbaijan.
Pipe dreams – why public subsidies for Lukoil in Azerbaijan will not reduce EU dependency on Russia
January 21, 2015
The study explains why the Southern Gas Corridor, the EU’s new pet energy project, is not only unnecessary in light of gas demand projections, but also seems likely to fall short on the much flaunted goal of bringing energy independence from Russia.
Proposed Lukoil EBRD loan – for whose benefit?
December 22, 2014
Despite the Russian invasion in Ukraine leading to EU and US sanctions against Moscow and major Russian energy companies, public banks supported by EU countries are gearing up to offer almost a billion dollars in financial support to Russian company Lukoil for gas extraction in Azerbaijan.