... Atlantic to the Pacific Ocean, Moscow is likely to stop looking West and instead go East – as soaring trade levels with China already foreshadow.
However, Russia remains a European power – part of Europe’s non-West alongside Turkey ... ... Russo-European relationship has soured creating an anti-Russian stance. Has this occurred due to European attempts to lower gas import prices, or more serious underlining issues? Europe’s potential alternative pipeline has even been called “Nabucco” ...
..., 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 the pricing formula and its outstanding oil debts, go ...
... politicised and China's desired price of $250 does not meet Russia's expectations of $300 per 1000 cubic meters (interestingly, the formers wish is very low, as Turkmen's gas goes to China at $345 before it crosses the boarder into China).
GAS: Post-Xi's visit developments suddenly picked up as it appears gas negotiations occured in the background outside public eye. Victor Zubkov, Chairman of Gazprom, issued a statement that a deal is due to be finalised in June (See: InterfaxEnergy)....
... unrealistic as China has a complex geological frame, it lacks water for fraking (hydraulic fracturing – the process is illustrated bellow) and its prevention of direct foreign participation does not help meet those high expectations. In addition, China’s exceeding reserves of shale gas are questionable, as the reclusive state is known for manipulating true facts and naturally does not permit easy access. Also, shale gas is naturally hard to evaluate as recent reports have emerged in the US that some wells may run dry quicker than ...
... fairly close, but there are tensions between some of the other leaders. In particular, Putin’s relationship with Berdimuhamedow [2nd President of Turkmenistan], which is probably tenser than it used to be. Turkmen’s can now rely on exporting gas to China and Iran. But that said they share a lot of commonalities: culturally, politically and regime type, and Central Asia would perhaps rather be dealing with someone like Russia or China, in contrast to the US or countries that will ask difficult questions ...
... every event in their bargaining arsenal. Gas markets are not interconnected, and even though prices are based on regional specificities, apparently states will negotiate with shale developments in their mind. A real game changer could be unconventional gas developments in Poland and China; in the case of the latter especially as it holds the world’s biggest reserves of shale.
- There is Future in Alternative Energy and Renewables… in the Future:
Renewables will make steady progress, rising from the current 1% to ...
... immediate Mayan apocalypse as some may have felt, but in today’s world things change quickly making one ponder – what must be done to stop any changes, how to adapt to them if they occur and what if sceptics are right?
«Oil and Gas Dialogue: Russian Gas in the European Market» Joint International Forum held at IMEMO RAN conference hall on 7th December 2012; moderated by Ivanova N. I., RAN Academic and Associate Director of IMEMO RAN, and Eric Dam, General Director of Energy ...
... that do not breakeven; Krutikhin quotes Alexey Miller, Gazprom’s CEO, that by 2018 this sum could be a huge $127 billion for the whole sector. Krutikhin says the Eastern Expansion Project needs particular attention; for instance in respect to gas, China opposes paying over $290 per 1000 cubic meters, which is $110 cheaper per measure in contrast to the European consumers, whilst gas is also only really needed in Manchuria. So, not to exacerbate, resources must be price competitive to make alternatives ...
