... its first Arctic Strategy with the goal of protecting U.S. interests in the region and saving the region’s environment, Russian officials, academics, businesses and environmentalists are preparing for an international conference, “The Arctic: ... ... What is more reasonable today - to focus on environmental challenges and to work on environmental projects or to invest into energy projects in the Arctic? A.Z.: Everything here is important because everything is very much interlinked. The Arctic ecosystems ...
... is trendy to bicker online), as in reality they have little choice and China anxiously needs oil as the memory of early 2000s energy famish is still fresh. Basically, China cannot trade with OPEC smoothly as it does not give special treatment via some ... ... guaranteed quotas and rivalry is fierce from traditional majors who have cemented their place over the past century. Moreover, Russia opposes equity investment and it is not corrupt to an extent that it sells major assets, nor can China engage Europe or USA as that is a political minefield.
If we recall in 2005 CNOOC tried to buy USA’s Unocal, but it failed spectacularly,...
... 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... ... interests of the US to change the system. If we look at the recent GDP statistics we see USA has recovered quicker than any other major economy. A lot will depend on how the... ... 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...
... (albeit LUKoil does not underline the huge cost). A lot will depend on the US political climate as its current weak economic footing gives a lot momentum for those that believe exporting gas will damage the domestic economy via high prices. Interestingly, USA’s natural conventional gas production will actually fall steadily, which may raise worries if the unconventional gas is actually overvalued. Also, even Russia, traditionally a pipeline supplier will enter the game with about a 1/10th share by 2025.
No section about energy is complete without China, which is why LUKoil highlights that the Asian dragon has the most favourable conditions to establish shale production and it has already begun to import relevant technologies. However, the lack of gas infrastructure and ...
... simply does not give it enough scope or strength. Russia's position will only likely to decrease in relative terms as China's growth will outpace the minor BRIC. The Energy Research Institute published a report this year: the Global & Russian Energy Outlook Up To 2040 - which I strongly recommend and I actually did a post on its predecessor the 2035 report. As the report outlines USA's global share is anticipated to fall from 19% to 14% by 2040, in contrast to China's rise from 14% to a huge 24%. It is worth noting that its not all gloom for Russia as this economy is anticipated to overtake all the European powers ...
... concerns capitalism, religion, ethics, civil economy, European Union and wider Europe like Russia, Ukraine and Turkey. He is an Associate Editor of the journal TELOS and Fellow... ... interest rates across the whole eurozone, fuelled credit and real estate bubbles in the USA and Europe, which burst in 2008-9 amid the global ‘credit crunch’.
... ... modernisation, on the one hand, and authoritarian consolidation, on the other hand.
Energy Calamity
It is argued by some that the Russo-European relationship has soured...
... companies and academics nevertheless did not abandon the possibility that it could become a reliable partner for South Korea gas needs. Perhaps, in the perfect world, where the last delegate to DPRK is not Denis Rodman and it does not want to destroy USA, both South and North could cooperate in all fields, including energy matters.
At a junction – ES-2030:
ES-2030 follows a tradition of Russia’s psychological affection to large scale projects with political elites at the helm. It offers opportunities, but Russia must place its interests first and not enter the market for the sake of involvement, as its policies will make it hard ...
... See: ChinaTimes). A positive sign is that Fitch Rating Agency does not expect US shale to impact Asian markets in the medium-term which is good for Russia and that domestic reforms currently in motion in China will also not alter the playing surface. Russia needs to secure energy contracts, but it seems time is still there (See: ShanghaiDaily). Interestingly, even with spectacular growth rates of shale production in the USA, its has had relatively small indirect impact on global prices - as many anticipated. For instance, it has not helped Japan, as the fledgling economy has seen prices explode by 77% since January 2011, with a total of 7% of GDP going to import of energy ...
... to buy. If statistics outlined in the article stand up to the test of time, the US shale fever could substantially impact the energy league table. I also include some personal insight and pictures for clarity as I go along, please feel free to leave a comment – lets make these blogs interactive!
Shale Gas History (USA):
The New Times – a Russian weekly – reports that the US Shale Revolution is picking up pace at unprecedented levels, mirroring Klondike Gold ...
During the process of preparing and researching for my dissertation «The Role of Eastern Energy Strategy in the Russian Foreign Policy: Opportunities and Threats» at the HSE, I was introduced to this insightful publication «Energy ... ... substantial net-importer of gas into almost a self-sustainable entity, with a net-equal position between its imports and exports. USA even had to convert its now useless LNG terminals (which it first built at a massive cost to assure gas supplies in early ...
