... Egyptian, and Qatari imports. All 4 projects aimed at supplying China have not materialised even though discussions have been ongoing since 2006-2007, but it is only a matter of time before a deal is concluded as China is naturally the biggest client and Russia is the largest supplier. Talks have intensified as Gazprom realises it cannot wait forever and it even requested a 40% upfront payment by China for gasification.
At the time Mareš and Laryš wrote their article it looked like Russia had several options, like supplying China, Japan, the Korean Peninsula and even as far as India. Then it was mainly Gazprom’s modest LNG expertise ...
... dispute amid central government and Kurdistan has resulted in contracts being annulled with Exxon Mobil, Total and GazpromNeft; as the central government considers that only it should negotiate energy contracts, not its rebellious regions (See: Gulf Oil&Gas). As a result of anti-Russian import policy, Gazprom's European exports fell 7.5% (2011-12), with opportunities becoming more limited, but it appears that a 40 bcm potential to supply UK is still on the table; as the Russian giant only covers 10% of the island's market (See: Platts)....
... contention stimulating uncertainty is the debate amid long-term contracts and hub trading which is set to be introduced across Europe. An official justification is that Europe feels that gas is overpriced and super-natural profits are recorded by the Russian gas monopoly. At IMEMO RAN Sergei Komlev, Gazprom Export Head of Department for gas Contracts and Pricing, “rebuffs the overpricing myth” by arguing that raw materials increased on average 3-4 times resulting in a natural price increase as pipeline construction or alike now costs ...
