... suppliers enter the market (e.g. Qatar). By 2020 the market will need an extra 50 bcm on top of the existing contracts as certain long-term contracts end, but supply will increase by 250 bcm in essence flooding the market and leading to old contracts to be renegotiated more robustly. Lastly, Europe’s notorious Third Energy Package is set to split gas transmission and storage from commercial activities. This will create a single trading hub as LUKoil points out for the entire ...
... mistrust, as once this giant wipes of the rheum around its eyes and springs back full of energy, its only natural room to manoeuvre seems northwards. Even if the world does... ... 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... ... matters, Dr. Tatiana Mitrova. To view the first part of this series focusing on the European-Russian relations, click the following link: European Energy Woes. Moreover...
... are different in comparison to the EU. Situation there ended in a cancellation of the long-term contracts, but compensation was paid out to the suppliers – contracts... ... were torn with Libya, Algeria and LNG supplies between USA and GB, involving British Gas. However, most contracts were ended on mutual consent – which was done essentially due to pressure.
It is difficult to say whether this is possible in mainland Europe, as back then USA and GB were self-sufficient in energy so these contracts were not vital. However in Europe, we are talking about a...
... Lille (Sciences Po). His research concerns capitalism, religion, ethics, civil economy, European Union and wider Europe like Russia, Ukraine and Turkey. He is an Associate... ... 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... ... 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...
... perhaps one of the biggest challenges in the upcoming decade as its economy is overly dependent upon natural wealth, but our main European market is quickly becoming less accessible raising the question: where to go? Aside, long-term diversification from energy export dependence, Russia has a relatively shorter-term option: to expand into Asia, but this option is far from easy and ... ... 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 ...
... My aim here is to recap, analyse, and offer links to top: Oil&Gas News, Pictures & Videos, from experts and institutions I follow.... ... symbolic, as is the case with first foreign visits (See: NTS). Energy was at the forefront of the visit with two different outcomes ... ... InterFax Energy). Additionally, Russia was unable to play-off Europe against China, due to the latters pressure. Russia hoped ... ... However, on the brightside Gazprom agreed with China in regards to long-term contracts, thus allowing it to develop the riskier fields ...
... Between Formal and Informal Politics (2011, Routledge) and has published numerous articles in journals such as Democratization, Europe-Asia Studies, Electoral Studies and Studies in Ethnicity and Nationalism. Rico has undertaken media work commenting on ... .... So the Russian population in Central Asia is the key political interest of Russia, with the other interest being of course energy. The integrated transportation system for oil and gas, which existed since the Soviet period, still mainly runs through Russia and it is very keen on maintaining this system. In ...
... erratic weather could create a dangerous cocktail with severe gas shortages. In the established US market similar scenario occurred ... ... due to shortages resulting in extortionate consumer rates. With long-term contracts such seasonal, speculative and erratic events ... ... cliché. It still underlines that Russia needs to appreciate European interests as it is its biggest market and will be at least ... ... among Russia and Germany which will bear 6% of the latter’s energy needs, shows evolution of the former’s business approach ...
... RusEnergy): The Price is Right?
As stated by M. Krutikhin, in the foreseeable future the energy sector will experience price turbulence. In regards to oil, official forecasts... ... the Middle East, aside from this being a double-standard as it tends to avoid Russian long-term contracts by saying short-term hub trading without a fixed price is the future... ... 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...
