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There goes a saying: A chain is as strong as its weakest link. This may very well be the case with the EU vis-à-vis its member state dependency on Russian natural gas. While analyzing the European gas market, too much attention has been focused on the EU-28 average gas consumption index and very little scrutiny was given to individual member states. Analysts were fixated with the EU Commission official stance on ...
Much has been written about Europe’s falling dependency on natural gas and how detrimental this seemed to be for Russia, being the biggest supplier of natural gas to the old continent. Falling demand, falling prices and eventually falling revenues for Russia’s state budget – Russophobes were quick to celebrate ...
... 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 ...
| U.S. wants to establish partnership relations with Russia on condition that it meets the U.S. requirements |
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| U.S. wants to deter Russia’s military and political activity |
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| U.S. wants to dissolve Russia |
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| U.S. wants to establish alliance relations with Russia under the US conditions to rival China |
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