... tipping, particularly as the new economic frontiers are moving at unprecedented pace. LUKoil's 2025 report focuses on these shifts with regards to demographics, motorization... ... it ranks 11th. It is quite a remarkable rank considering that it is directly below Rosneft and near to 5th placed Gazprom. It shows that gigantomania is not key to success... ... developing part of the globe where figures will roughly triple from the current level. China will lead the way with the number of cars per 1000 people rising from only 40...
... it is only economically viable to use pipes instead of rail if over 50 Mt is shifted. Political dialogue with China and the end price (which is a trade secret) will determine the result; it is estimated that the sum is about $60 per barrel for Urals oil – surely one must question the validity of the win-win situation at that price? However, more recently, things appear to have moved in a more positive manner as Rosneft and CNPC deal to increase supplies via ESPO have a higher reported price and the deals post Xi Jinping visit show that China is interested.
Uneasy Passengers – Gas:
China’s feat of securing Urals oil for half the market price and being a peculiar victor amid the taxation squabble in Vankor highlights its shrewdness. However, its constant desire to change ...
... respect to oil (See: BruneiTimes). Oil discussions were a success, as Rosneft and CNPC signed several agreements; including first ever Arctic joint-venture for an Asian country (See: Bloomberg). Alexander Novak, Russia's Energy Minister, said Rosneft will send an extra 2 million tonnes of oil to China along ESPO oil pipeline in 2014, and will gradually increase such shipments to 15 million tonnes by 2018; which is huge news for players involved (See: Interfax). Due to these deals China will overtake Germany as a top destination for Russian oil....
