Economic ties between Russia and Turkey were in the ascendant over the past two decades as trade grew, mutual investment increased, Russian tourists visited in droves, energy cooperation expanded and cultural ties strengthened. Then an incident on the Turkish-Syrian border caused substantial damage not only to political but also to economic relations.
Russia and Turkey’s social and economic models experienced ...
... seas” at the BRICS Summit in Goa, especially for large Russian companies that are growing their businesses in India. However, despite the fact that Moscow and New Delhi were able to reach new agreements on military and technical cooperation and energy, both countries will have to take a serious look at their approach to building relations if they want to take their partnership to the next level.
The BRICS Summit took place in Goa on October 15–16 and reaffirmed yet again the close partner ...
... Delegation of the European Union to the Russian Federation.
The seminar agenda covered the following issues: priority areas in EU policy during the Slovak Republic Presidency in the Council of the European Union; and the opportunities for Russia-EU energy cooperation.
The meeting was attended by more than 10 Ambassadors of EU Member States to Russia; Vygaudas Ušackas, head of the Delegation of the European Union to Russia; Andrey Kelin, director, Department of European Cooperation; RIAC members; ...
In May 2014, in the aftermath of Russia-Ukrainian crisis, the European Commission adopted European Energy Security Strategy, establishing two pillars of European security of supply: prevention and mitigation. The main goal was to prevent gas supply disruptions by implementing “gas stress tests” (modelled by ENTSOG) and to foster solidarity ...
... from 2008 crisis and decreasing growth of the Chinese economy,in particular), political turmoil (Ukrainian crisis) “appearance of illegal and cheap oil” on the market (eg. ISIS’ expansion), as well as the overall strive to develop new energy sources in the view of global warming. That being said, a plummeted oil price (going lower than 50$ ‘leverage level’) could be utilized to boost local demand and, as a consequence, increase production in order to avoid low profits. ...
... characteristic of APG content, whereas the oil fields that are responsible for flaring are mostly concentrated on the territory of West Siberia, between Yamalo-Nenetsk and Khanty-Mansiys regions. The underlying reason for flaring rather than the gas usage for energy purpose is the lack of nearby markets and sparse population with its insufficient local gas demand. Thus, in order to avoid flaring in these particular regions it is necessary to install relevant technology (gas-to-liquid, for instance) and redefine ...
... resource endowments and its ambition to increase production from the greenfield projects (such as in Sakhalin or in the Arctic offshore), it will be increasingly difficult for it to avoid international stigmatization regarding its not-so-well developed energy-efficient approach to resource management and production.
In 2007, in his State of the Union address, Russia’s President Vladimir Putin recognized that 20bcm of annual flaring in Russia, which equals 30% of European annual gas consumption,...
South Caucasus has the potential of becoming a stumbling block for both the EU and the EEU in terms of energy cooperation. For now the region remains on the bottom of priority list for both Europe and EEU countries, but in the future when the latter finalize their common energy policy, the South Caucasus may face intense competition from both neighbors....
On April 8, an international conference on the “External Dimension of the Energy Union” took place at the
European University Institute in Florence
under the auspices of the
Robert Schuman Centre for Advanced Studies
and the
Florence School of Regulation
.
The conference was attended by senior officials of the European ...
... result, natural gas production increased by 40% from the 2005’s level, driving the costs of production down,-typical economy of scale! Today, when the US’ inventories are so abundant in natural gas what in turn pushes the price down, many energy companies withdraw from drilling and production: there is too much product and not enough demand. For this reason, natural gas futures have plummeted below 3$ and the current market can be visually represented by a typical contango curve. NYMEX ...
