... its anti-monopoly laws. The original plan for landfall in the EU (Bulgaria) will now occur in Turkey, while the distribution hub for Europe will be located at the border of Turkey and Greece. Being a strategically important transit point for Russian gas going to Europe and bypassing Ukraine, Turkey tries to increase its bargaining power and engages into price arbitrage with Gazprom: 10.25% discount offered by Gazprom is deemed insufficient and Turkey does not want to receive anything less than15%....
Going South?
While Russia and the Middle East have remained champions in gas and oil production for decades, the USA is looking for new greenfield projects and partnerships with countries not facing existing political constraints: it is the African market that lies within closer geographical proximity to American consumers ...
When Gazprom
announced that it was adding two gas pipelines
to the Nord Stream project at the St. Petersburg International Economic Forum in June 2015, few people expected the company to garner so much interest in such a short time. The initiative, which has since been given the name Nord Stream ...
The 4000 km-long “Power of Siberia” pipeline stretching from Chayadinskoe and Kovytskoe gas fields in Eastern Siberia to Vladivostok prior to entering China emerged as a $400 bln deal resulting from two decades of deliberations between Russia and China. While the strategic partnership on cooperation was signed by Yeltsin and Jiang back in ...
... number of situations, most notably in Syria, with profound if indirect effects on European order and solidarity.
Second, Russia is an important global energy provider.
Russia holds
6.87% of the world’s proven oil reserves and 17.4% of its proven gas reserves, and is the fourth largest carbon emitter. It is the world’s largest exporter of natural gas, and the second largest producer of oil. All this makes Russia vital for the world’s energy security, and of course its efforts to tackle ...
Developing Offshore Oil and Gas Resources in the Russian Arctic Shelf: Now and Tomorrow
Developing Offshore Oil and Gas Resources in the Russian Arctic Shelf: Now and Tomorrow
The Soviet Union started actively developing its Arctic shelf in the early 1980s. The most promising ...
... global output and 79 percent of the total U.S. output. That mine also
produces
3 percent of global and 33 percent of American lead.
Alaska is also America's second largest oil producer, at 20 percent of the total extracted volume. And more huge oil and gas-bearing formations have been discovered in northern areas. Prudhoe Bay is the largest traditional continental field, which accounts for
8 percent
of the national oil output. Oil revenues are especially important for the state, as they constitute ...
... on the new foreign policy, especially with regard to the Balkans, will be an additional factor making the negotiations difficult. It seems that concrete progress may be achieved only on the first string of the pipeline, which is due to bring Russian gas to Turkey from the Trans-Balkan pipeline crossing Ukraine’s territory.
Ankara does not have a clear picture of what plans Moscow is building in connection with the construction of the project. Turkey does not rule out the fact that the Kremlin ...
BRUSSELS (Sputnik) – The European Union is trying to maintain the transit of Russian gas through Ukraine for politically motivated reasons, Russian Envoy to the EU Vladimir Chizhov said.
"I think they have the ultimate goal of keeping the Ukrainian transit, which is a purely political stance. It does not have any economic basis," ...
... 2014. In fact, virtually all of proposed diversification solutions – both under the Yanukovich and Poroshenko presidencies – have one element in common: an obsessive fixation on diversifying energy imports and shifting away from natural gas from Gazprom. Ukraine has already made several attempts, both successful and not, to find alternative sources of supply by building a physical reverse flow interconnector with Slovakia, mulling the re-gasification terminal option, and even exploring ...
