... prepared to play on its terms. In effect, China is left with investing in second-tier opportunities and the Malacca Dilemma persists with just a balancing effort trying to minimise rise in dependence. Li & Cheng (2006) see that options are limited as energy demand in Asia is growing at an annual rate of over 3% and already more than a half of world’s oil and almost 2/3 of gas pass via the strait, thus it is hard to see how these sums will be circumvented. Still, when Li & Cheng wrote their work, trade with Russia was slow, but recently non-equity investments have occurred. So, if China continues to alter its pose it may well engage Russia as it is the most appealing long-term supplier. Russia holds huge oil/gas reserves, which are geographically close as ...
... As we know, the problem lies in the fact that petrodollars derived by OPEC and now Russia cannot be easily spend by the actual producers, as their economies are not well... ... back into the large developed economies that also tend to be the actual consumers of oil. It is an incredible carrousel or a resource curse, except people that fall of it... ... Act. If we look at the statistics for manipulators, its frankly shocking. Cambridge Energy Research Associates (CERA) highlight that from 2008 there were no changes within...
... LUKoil's 2025 report focuses on these shifts with regards to demographics, motorization, OPEC policy and rapid changes in exploration and production of hydrocarbons. This report is the first of its kind for LUKoil, allowing one to peek at the global energy landscape via the lens of a Russian oil major. As usual, I also add extra weblinks and interesting info. Hence, please feel free to comment and most importantly - enjoy!
Challenging Year, but LUKoil Moves Forward:
Last 12 months have been challenging for oil majors, mining and industrial ...
... energy, its only natural room to manoeuvre seems northwards. Even if the world does not tremble, Russia fears that at the least Eurasia will shake. As promised, this is the second post in this special series and once again I am joined by the Head of Oil and Gas at the Energy Research Institute of the Russian Academy of Sciences, Dr. Tatiana Mitrova. We discuss: sinicisation, geopolitical mistrust, energy deals, the Central Asian Ace & more! Please, feel free to comment & enjoy!
Personal Note:
This is the second post in a two-part special with ...
... applied. In this post issues like energy weaponry (enormous logical fallacy in my opinion), market reforms, looming contract litigation, energy security, shale revolution and domestic challenges will be discussed. In this post I am joined by the Head of Oil and Gas at the Energy Research Institute of the Russian Academy of Sciences, Dr. Tatiana Mitrova. This is the first of two posts from this special series, so keep tuned, please feel free to comment and enjoy!
Personal Note:
My regular readers may have noticed that I have recently been away from ...
... anti-Russian, so too Moscow has become disillusioned with Brussels and shifted attention to its Eurasian backyard and beyond.
Oil prices are part of the equation but by no means the main reason. Alternative projects such as the proposed Nabucco pipeline that seek to circumvent Russia are built on financial fantasy and betoken of a short-termism that is strategically reckless. Continued austerity for the next decade and perhaps longer will probably end any remaining hopes for both Nabucco and South Stream.
But the energy battle between the EU and Russia over Nabucco and South Stream is a proxy conflict in a wider war of rival visions – ...
... framework to my last posts with direct links to all the sources, for easy access, as this is a blog and it doesn't require academic rigour. Please see the following link for the Energy Policy journal article on which this post builds upon: "Oil & Natural Gas in Russia's Eastern Energy Strategy: Dream or Reality. Also, please feel free to comment or leave a like, its always more productive to engage in a discussion!
Route 2030: Dream or Reality?
The rising politicization of Euro-Russian energy relations is casting doubt ...
... suggest, and I think they will influence development in Russia in a positive way. For instance, horizontal fracking will be introduced from BP's experience which will increase efficiency by allowing for rejuvenation of old-Soviet fields (See: Energy&Capital). Russia has used fracking for years in Siberian oil heartland to stimulate production, but with BP, it could alter it thanks to the shale revolution technology of turning the drill-bit 90° to bore horizontally that way reaching more bearing rock. Topic of efficiency will certainly remain "sexy" ...
Alongside my typical journalistic duties at ‘Oil & Gas Eurasia Magazine’, I tend to daily scan both Russian and Western media outlets, news stands, twitter profiles, oil companies press releases and alike - for major news, interesting articles and possible leads within the energy industry. Today, I want to share with you some of the findings in a liberal leaning The New Times (2013) article: “Shale Klondike” (March Edition, 2nd Week, №8, 277) – which I heard about from the radio and decided to buy. If ...
... gaining an interest there since 2006-2007 in an attempt to exploit Central Asia’s need to diversify its energy exports – have impacted upon Russia’s position. Moreover, the E.U. in particular wants access to Turkmen gas and Kazakh oil and gas, as a way to diversify its energy imports and rely less on Russia.
However, the Central Asian states will remain allies of Russia. The ties between the two regions are so close – one must remember that these states did not exist until the Soviet Union created them in the 1920’s. Political leaders,...
