... Corporation, is currently laying a gas pipeline with an annual capacity of 12.4 billion cubic metres from a terminal in Karachi to Lahore. Although the actual entry point for the pipeline is Gwadar, it is possible that Karachi will be used to transit gas to China.
Iran’s energy partnership with China could transform into a political partnership, effectively cutting India off from Central Asia and Afghanistan.
India’s possible withdrawal from the project could also have a number of negative consequences ...
...
Russia’s place in the new climate order
The world’s largest economies have already ratified the agreement signed in Paris, while Russia is in no hurry to follow suit.
In the entire report, Russia is mentioned only twice: in connection with exporting gas to Europe and China. On the one hand, it is odd; being the largest exporter of energy sources, Russia holds the fourth place in the world in the volume of emissions, ahead of Japan and Saudi Arabia. On the other hand, it reflects the fact that in the new climate order,...
... its grip on its “
good friends
”, i.e. the major suppliers such as Equatorial Guinea who was also referred to as China’s “
best friend
” by the Chinese Foreign Minister during his visit in 2007.
Despite its attempt to secure ... ... of African oil based on the National Energy Policy of 17 May 2001” has become outdated with the recent emergence of new gas producers such as Tanzania and Mozambique. In 2001, Africa was not yet a “pillar of global energy security
[5]
”,...
... inability to provide timely funding of the project as a pre-payment of the future gas delivery stripped it of the opportunity to demonstrate its economic power. At the same time, by satisfying a quarter of its energy demand through purchases Russian gas makes China seem a reliable party with respect to its COP21 pledges of wagging a “
war on pollution
”. For Russia, however, the final outcome of the gas deal seems to be less exciting. Even though “Power of Siberia” pipeline is likely ...
... and gas, they will not be able to export as much due to domestic needs, etc. As a result, Russia’s net exports will meet 4.2% of world’s energy demand in 2035, which will be sent to Europe (still world’s largest importer of natural gas) and China (world’s largest oil importer).
Oil production will be dominated by USA, Saudi Arabia and Russia, with well over a third of global liquids coming from these three powers. At a rate of 11 Mb/d by 2035 Russia will only trail Saudi Arabia and ...
... annual supply of Russian oil to China could reach 30–31 million tons per year
[3]
.
China’s surge in consumption is also keeping gas prices supported despite a rise in North American shale output and a weak economy in the West. Natural gas supply to China is a major project of Gazprom Group that is taking efforts to arrange pipeline gas export via two export corridors – western and eastern – with the total throughput capacity reaching 68 billion cubic meters a year. An agreement on a ...
... survey the waters. In 2012 a peculiar action was taken by China to add the map of its territorial claims to Chinese passports; it is fair to say that other states were infuriated, particularly as the claim involves almost the entire sea and crucial oil/gas fields in the south, near Brunei (Financial Times, 2012). Major and even petty actions wane China’s charm offensive and at one stage may grant the US sufficient excuse to get involved, which China is most against. The Chinese Foreign Minister Yang Jiechi said at the ASEAN Forum in July 2010 that Beijing is unhappy about Washington 'internationalising' ...
... full capacity. If this shale boom does occur it may fracture the Sino-Russian trading potential, but this potential remains weak as many pricing issues still remain unresolved. If current approach to pricing persists, the competitiveness of Russian gas in China seems doubtful. When LUKoil released its report, Russian gas cost ~$100 more than Turkmens and it was only somewhat competitive in contrast to expensive LNG from Australia and possible future deals all the way from Qatar.
Russia In Search of New ...
... against their principles. This is why, distribution of economic capabilities in the near future will be vital as unless asymmetry is lessened, this relationship may not get very far, as asymmetry breeds conflict.
Counter-Agent Dilemma & Subsidized Gas/Oil to China:
The publicised and agreed energy deals with China are currently at the break-even point or just above it, which comparatively puts them on par with expensive Australian projects. If the market conditions do not worsen, these projects will recuperate ...
... 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 ... ... 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 ...
