... 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. ...
... (40%)
[10]
. The share of Russia in the European energy sector is significant - it is Europe’s biggest importer of oil (35%), gas (26%), coal (30%), and uranium (25%)
[11]
.
Due to many reasons – especially political tensions– the energy policy of the European Union is aimed at a gradual diversification of fuel imports, primarily diminishing oil and gas exports from Russia. Official EU documents develop the idea more closely, indicating that Azerbaijan, Turkmenistan, Iraq and Iran could appear to scale ...
... Commission and the EU member countries, analysts and experts from European research centers on energy, representatives of major European energy companies.
RIAC Director General Andrey Kortunov contributed to the event by a report on the problems of energy cooperation between Russia and the European Union.
Programme
... 2016
organized by the New York Times took place in the Greek capital on February 2–3.
The Forum dealt with issues related to global and European energy, the geopolitics of transporting energy resources, the dynamics of oil and gas prices, the energy strategy of the European Union and Greece, climate change and the development of alternative energy sources.
Director General of the Russian International Affairs Council Andrey Kortunov spoke at the Forum on the status and prospects of energy cooperation between Russia ...
... course also have fears connected with their dependence on Russian gas supplies. Russia
meets
about a third of the European Union’s gas needs, with Poland, Italy and Germany accounting for 60% of that amount. Germany, the biggest consumer in the European Union, buys 33% of Russian gas going to the EU. However, recent events show that these fears have not yet resulted in the West European energy sphere being totally dictated by politics. In spite of the tense relations between the EU and Russia and the “sanctions war,” in September 2015 Germany and France
signed an agreement
with Gazprom to build a 55 billion cubic metres ...
... EU’s more significant economic players are using a double standard—strong rhetoric against Russia in the security sphere contrasts with support for domestic companies to secure advantageous positions on the Russian market.
To this end, energy companies, including BP and Shell, have received consent from the British and Dutch governments to pursue joint ventures with Russian energy firms despite London’s strong support for sanctions against Moscow.
BP has already used this to ...
... higher than in the US, while wholesale gas prices are twice as high as in the US. High energy prices reduce the competitiveness of European industry, particularly in power-intensive industries.
Summarizing, we can say that today as 15 years ago, the European Union is working within the classical triangle of energy policy objectives, namely security of energy supplies – reasonable prices – environmental sustainability. However, the environmental objectives in recent years have been clearly overshadowed by concerns about the security of energy ...
... side, especially for the southern part. The main stumbling block is that the project did not – and does not – conform to the standards of the Third Energy Package ratified by the European Commission’s Agency for the Cooperation of Energy Regulators with regard to European Union and third party states. More specifically, the European side was not satisfied with Russia’s unwillingness to allow other suppliers to use the project’s infrastructure, and the fact that Gazprom would be the main operator. All ...
... absolutely groundless.
As far as the overall gas settlement is concerned, the heart of the matter seems to lie in the approach of the European Union. Fortunately, Brussels today is deeply involved in gas negotiations between Russia and Ukraine in contrast to 2006 ... ... participation in such processes. But nowadays they appear to be seriously worried about their own continuous gas supply during winter.
energy.sia-partners.com
REUTERS/Gleb Garanich
Yuri Borovsky:
Can Russia–EU–Ukraine Negotiations on Gas
Be Saved?
The ...
... Associate Professor, Department of International Relations and Foreign Policy of Russia at MGIMO University of the Russian Ministry of Foreign Affairs, comments on the situation.
What is the current state of energy contacts between Russia, Ukraine and the European Union?
Energy contacts between Russia, Ukraine and the European Union are in crisis and are being conducted on an ad hoc basis. Everything that has been achieved by Moscow and Brussels since 2000 as part of the Energy Dialogue has now essentially been frozen....
