... supplier The list of European countries now interested in Algerian gas is growing. However, Algiers’ capacity for extracting and transporting that gas effectively to Europe has not matched this demand. Previously Europe’s third largest supplier of gas – behind Russia and Norway – Algeria accounted for 8% of the European Union’s total gas imports in 2021 or 34 billion cubic meters, overall. Compared to some 20% – or 130 billion cubic meters – exported to the European Union from Russia in the same year....
Switching payments for Russian gas deliveries into rubles is perfectly in line with the principles of today’s multilateral monetary system
The instructions the Russian President gave to the Federal Government, demanding that payments for the deliveries of Russian gas to “unfriendly ...
... consequences and probable political and military tensions in which is not in favour of any of the Mediterranean parties. Conclusion The Eastern Mediterranean natural gas field is a potential for the EU to reduce its reliance on the forty six percent Russian supply of gas. In light of the recent events in Ukraine and unpredictable aggression of the Russian Federation, perhaps the East-Med collaboration with the involvement of Turkey can be the only way out for the EU to secure and fulfill its natural gas demands. However,...
... officers, diplomats and businessmen gathered in Yekaterinburg today.
RIAC and Strategic Vision Institute Report. Russia and Pakistan in the Middle East: Approaches to Security in the Gulf
However, the flagship project of the new era of the Pakistan-Russia relations is likely to be the Pakistan Gas Stream. Previously known as the North-South Gas Pipeline, this mega-project (1,100 kilometers in length) is expected to cost up to USD 2,5 billion and is claimed to be highly beneficial for Pakistan. Being a net importer of energy, Pakistan will be ...
... implemented yet; however, on 2 January 2020, Greece, Cyprus and Israel signed a treaty to construct the 1,900-kilometre EastMed gas pipeline. This question is claimed to be of interest to both Europe and the U.S. as mitigating the risks of dependence on Russian gas (see below for further details). Construction of the gas pipeline with a capacity of 10 billion cubic metres a year is expected to take approximately seven years.
Revitalisation of Ankara’s foreign policy and regional competition in the Eastern ...
... absorbed Bashneft in 2016 and thus strengthened its position, participates in the development of blocks 8, 9, 10, 11 and 13, as well as in the Block 12 project. At the same time, some companies plan to expand their activities in Iraq, and a number of other Russian oil and gas companies are interested in starting such work. The total investment of Russian companies in Iraq exceeds $13 billion.
Iraq itself continues to be subject to the dynamics of the US confrontation with Iran, and it remains unclear if the upcoming change ...
While the project has stalled since last year, Merkel has underlined Germany’s vital interest in privileged access to Russian gas
On October 7, the French Foreign Minister Jean-Yves Le Drian and his German counterpart Heiko Maas issued a
joint statement
condemning the “Russian involvement and responsibility” in the Novichok poisoning of Alexey Navalny. In retaliation ...
... politically sensitive energy issues still need further clarification of policies: the future fiscal regime for oil and gas that could incentivize output and prevent production declines; industrial and technological policy; the choice of the future model for Russia’s gas industry and whether it is going to develop under continued state regulation or in the market environment; climate policy and the strategy to promote (or not) renewables and other technologies of energy transition; and the future of competition in ...
..., while the U.S. sanctions do not prohibit foreign vessels from participating in further repair or maintenance works.
Meanwhile, Germany and the EU have already voiced strong discontent with the U.S. sanctions. Indeed, they benefit from the project. Russia has agreed to preserve a considerable part of its gas transit via Ukraine — this has been one of the key demands to support the project. The European Union has never invited the U.S. to protect them from the NS2, though there was a heated debate inside the EU. Apparently, sanctions emerge as an instrument ...
... post-war period under sanctions against Iran. Special attention is paid to the Kurdish factor and the role the Kurds play in the future of energy in the region, the possibility of subregional integration in the Arab Mashreq and the increasing influence of Russian energy companies in regards to gas projects located in the Eastern Mediterranean.
Russia’s Interests in the Arab Mashreq: Analyzing the Future of Oil and Gas in Iraq and Syria
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