... though others will produce a lot of oil 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 ...
... that Russia’s energy pivot to Asia is a very timely and well-planned strategy.
1
. W.K. Lászlo Varró, A.S. Corbeau Developing a Natural Gas Trading Hubin Asia Obstacles and Opportunities, IEA Publications, 2012 p.24
2
. D.Dyomkin Russia grabs China oil and gas export deals, Financial Post, October 22, 2013
http://business.financialpost.com/2013/10/22/russia-grabs-china-oil-and-gas-export-deals/?__lsa=0a44-fef0
3
. Rosneft President and Chairman of the Management Board Address to The World Energy Congress ...
... when Li & Cheng wrote their work, trade with Russia was slow, but recently non-equity investments have occurred. So, if China continues to alter its pose it may well engage Russia as it is the most appealing long-term supplier. Russia holds huge oil/gas reserves, which are geographically close as it takes just 3-5 days for East Siberian oil to flow to China, in contrast to two/three weeks from the Middle East (Voice of Russia, 2012), and also as an added bonus US or NATO cannot defy Russian and Indian airspace to target future pipes.
The prior paragraph hints about a possible alignment among China and Russia, but a lot will depend on how circumstances will change ...
... China to 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 Fields – Where Hast Thou ...
... supplies (China fears oversupply via the sea as this can be cut off in case of war). This 'ace' is ‘equity share’ in assets. In essence, Central Asia has given China the keys to its cities via actually owning all areas of oil and gas production directly, but in Russia or elsewhere, the situation is different as China's efforts to acquire equity have come to no avail. China argues that Russia ought to give it a little and then we will see how things develop, however, Russians do not share this view, as they see it in a way that by giving someone a finger,...
Euro-Russian relations have strained over the recent years in energy matters as certain vested ... ... 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... ... Dr. Tatiana Mitrova, whereas in the subsequent second post, coming later, we look at China-Russia.
Europe-Russia ‘Special Deal Severed’:
In normal...
... religion, ethics, civil economy, European Union and wider Europe like Russia, Ukraine and Turkey. He is an Associate Editor of the journal ... ... system, its agents, or other factors?
The continuous eurozone turmoil provides a microcosm for the wider global economy. It has variously ... ... West and instead go East – as soaring trade levels with China already foreshadow.
However, Russia remains a European ... ... anti-Russian stance. Has this occurred due to European attempts to lower gas import prices, or more serious underlining issues? Europe’s ...
... amounts of energy: to create $1 of GDP China uses 5 times more energy than the US, or 12 more than Japan. Just by 2015 China’s consumption will near EU’s at 490 Mt. ES-2030 shows that by 2030 Russia aims to supply 20-25% of Asia’s oil from the current 6% – with China being the main consumer. Further, by 2020-2022 the figure should be around 14-15%. Gas wise, it is amazing that Russia, the energy superpower, sells no pipeline gas to Asia, and only marginally sells LNG from 2009. By 2020-2022 Russia ambitiously aims to reverse this trend by supplying 16-17% of Asia’s gas – with the figure rising to 19-20% by 2030....
... energy mix, its growth has been very rapid. China has single-handedly fuelled more demand for LNG and expanded not only in its domestic, but also in international markets, like Africa (See: NYT). I was personally excited about opportunities between Russia and China, as Energy Minister Alexander Novak, issued a statement that both were working on gas and oil deals prior to Xi's arrival (See: Prime). I even hoped to discuss these issues with Novak personally, at "The Russian Energy Conference", which was run by Vedomosti Business Daily, but unfortunately due to the deal between Rosneft ...
Alongside my typical journalistic duties at ‘Oil & Gas Eurasia Magazine’, I tend to daily scan both Russian and Western media outlets, news stands, twitter profiles, oil companies press releases and alike - for major news, interesting ... ... - as many in the US argue it should be aimed predominantly at the home market.
Non-US Shale Progress (Europe and Asia):
China is eager to jump on the Shale Revolution and aims to produce 100 billion cubic meters by 2015. Firms like Shell, Chevron,...