... its intention to smooth out differences with the European Commission. After breakdown of the «South Stream» pipeline project, «North Stream-1» multi-year obstructionism, and numerous attempts by Brussels to deprive the Russian gas giant of a competitive advantage in prevent its dominance, events in recent months might boost new projects of the Russian export monopolist in Europe.
Gazprom’s first non-arbitral victory is
European Commission (EC) reviewing its decision
... souring of US-Saudi relations, there have been increasing signals of rapprochement between Russia and Saudi Arabia. Both countries' senior representatives have been voicing intentions to strengthen energy cooperation. Could this lead to a new oil-and-gas friendship?
Oil market regulation
Judging from the
reached recently between Saudi Arabia and Russia, the two countries' moves towards closer cooperation are driven by a desire to stabilise the global oil market. This, however, brings up ...
Less Pragmatism, More Strategic Cooperation
On October 10
2016, during 23rd World Energy Congress in Istanbul, Turkey and Russia finally signed an intergovernmental agreement to implement the Turkish Stream natural gas pipeline project. The agreement foresees the construction of two parallel pipelines with 15.75 billion cubic meters of annual (bcm/a) capacity. Among other important issue areas between Ankara and Moscow such as Syria and the Caucasus, the Turkish ...
Based on: “
Paris Mismatches. The Impact of the COP21 Climate Change Negotiations on the Oil and Gas Industries
Chatham House Research Paper, August 2016.
In December 2015 in Paris,
a new climate agreement
was signed replacing the Kyoto Protocol. The US, China, India, and the EU have already ratified it, and on November 4, 2016, the Paris Agreement ...
Policy brief #8/2016
The decline in global oil prices that began in the summer of 2014 carries with it a number of risks in assembling a whole range of major oil and gas projects, including shale gas extraction projects, deep-water offshore projects and projects in the Arctic shelf.
In these conditions, despite the ongoing surplus of global oil production in relation to consumption, the question nevertheless arises: ...
In May 2014, in the aftermath of Russia-Ukrainian crisis, the European Commission adopted European Energy Security Strategy, establishing two pillars of European security of supply: prevention and mitigation. The main goal was to prevent gas supply disruptions by implementing “gas stress tests” (modelled by ENTSOG) and to foster solidarity (Regulation 994/2010) between European member states regarding redistribution of storage capacity under Emergency plan. According to CEER,...
Is Europe an Attractive Market for Gas? Or Are there Other Markets?
Over the course of less than ten years, large reserves of gas were discovered in Eastern Mediterranean countries (Israel, Cyprus and Egypt), and some say this gas could soon be exported to Europe. When can such exports ...
Sooner or later oil prices will reach over $100 per barrel. By that time, however, many oil giants might already be uncompetitive.
Sooner or later oil prices will reach over $100 per barrel. By that time, however, many oil giants might already be uncompetitive. The author analyzes how oil-producing States are experiencing the crisis.
... significance the Black Sea region has for Russia, and also buttressed the ambitions of Turkey and Bulgaria. The latest geoeconomic and political factors prompt the revival of negotiations on the previously frozen pipeline projects designed to export Russian gas to Europe. Let’s note that the South Stream and the Turkish stream had been frozen due to the cooling in Russia’s relations with Bulgaria and Turkey respectively.
Background: the South Stream Frozen
Previously, agreements had been signed ...
Nord Stream 2 is the most dynamically developing gas transportation project in Europe. Even though the stakeholders only signed the Agreement in September 2015, 10 months later the outlines of Nord Stream 2 are already clear and precise. The stakeholders intend to
build and put into operation
two new ...