... respects. Especially now with the sudden and dramatic rise of ISIS in the Middle East. The sanctions war escalates What was not expected, I suggest, that Russia then carefully and judiciously, as well as selectively hit back and the result is that now Europe’s farmers are suffering heavy losses, which will never, ever be replaced nor compensated adequately for, by the EU and US politicians, who have advocated such sanctions. Russia has other partners, waiting in the wings – notably from China and South America, ready and able to fill the trade gap, left by the EU’s sanctions. Russian dairy, meat, poultry, fish and vegetable producers are also now ramping up their own domestic production, to plug the gaps keep up with consumer demand....
... problems related to Eurasian energy security and the search for new opportunities for energy cooperation between the countries of Europe, Central Asia and other rapidly growing economies, including Russia. The topics addressed included proposals from the roundtable ... ... government officials, representatives of international institutions and big business from the EU, Russia, Kyrgyzstan, Turkey, China, Saudi Arabia and Argentina. The event was attended by RIAC Programme Manager Liudmila Filippova.
Description of the event
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... grow faster than oil utilization in the coming decade at an average annual consumption growth of 2.2%, with much of this growth being driven by China. LUKoil sees that for Russia this is not good news as it is yet to complete any big gas deals with China, while its traditional European market is forecasted to persist in being difficult. Although European production will actually decline and imported gas will increase, the competition is expected to heat up a lot after 2015 as more potential suppliers enter the market (e.g. ...
... as this economy is anticipated to overtake all the European powers at 3% total of global GDP, but still be a bit part player overall. As this report draws on similar conclusions to many Western publications, one worries about the overall decline of European presence in world affairs. The re-awakening of China will bring much excitement for those that analyse the region, but for the wider world it will bring much uncertainty as it may well replace the status-quo we have today. China is still not back to its dominant position of just under 30% of global ...
... hope to share some of the findings and research conducted. In this first post of two-part special, a Europe-Russia focused question and answer session is outlined with Dr. Tatiana Mitrova, whereas in the subsequent second post, coming later, we look at China-Russia.
Europe-Russia ‘Special Deal Severed’:
In normal day-to-day life Europe has a stable and diversified supply structure. It is currently doing enough to diversify its supplies so it does not undermine its energy security, but for a region which ...
... strategic divergence that risks dividing the greater Europe permanently. Just as the EU seeks to diversify its sources of supply away from Russia towards North Africa and the Middle East, so too Moscow is trying to diversify its sources of demand away from Europe towards Asia-Pacific (in particular China). While diversification makes both geo-political and geo-economic sense, there is no getting away from the mutual strategic and commercial benefits of Russo-European cooperation.
Where is the European-Russian relationship heading?
EU-Russian ...
... outstanding oil debts, go into the territory of poor relations; which will aggravate Moscow. Gas wise, China again acts as a hard client as experts believe that it links gas to coal prices, which differ a lot, particularly when Russia aims to receive European type sums. Mareš and Laryš argue that China’s gas market is a questionable venture, as it is traditionally orientated towards coal with gas only account for 3% of the energy mix. China has begun to move towards natural gas only 10 years ago. It is estimated that the overall total will ...
... finalised in June (See: InterfaxEnergy). The gas deal is for 38 bcm of gas, which is less than anticipated 68 bcm and vitally price was not set, which is obviously a serious concern (See: InterFax Energy). Additionally, Russia was unable to play-off Europe against China, due to the latters pressure. Russia hoped to supply both markets with its European gas fields, thus making its customers compete against each other (See: Reuters). However, on the brightside Gazprom agreed with China in regards to long-term contracts,...
... that US pushes, politically as well as economically, for energy independence, albeit some questions remain about the possibility of exporting shale - as many in the US argue it should be aimed predominantly at the home market.
Non-US Shale Progress (Europe and Asia):
China is eager to jump on the Shale Revolution and aims to produce 100 billion cubic meters by 2015. Firms like Shell, Chevron, Chesapeake Energy and Devon already participate in Asia through joint partnerships – as China’s command economy ...
... Russia may find itself having better relations with Central Asian states once a lot of these projects are complete, and once pipelines are running; when Kazakhstan, Turkmenistan and Uzbekistan are able to get their exports out to wider markets like: Europe, Iran and China. Russia might find it easier to deal with them and have more opportunities with them as there will be less threat from Russia . I think Turkmenistan will be the country to watch out for in Central Asia, especially as it just launched a privatisation ...
