... government forbade American companies to take part (supply equipment and technologies) in the following kinds of projects:
deep water (over 152 meters) oil field development,
Arctic shelf field development,
scavenger oil field development, including shale oil and gas.
Viktor Katona:
Gazprom Gaining Ground in Europe
Technological sanctions were a formal cause for some projects to freeze.
This wave of sanctions affected the Russian energy sector companies, though to a less extent than had been projected by the American government....
... tipping, particularly as the new economic frontiers are moving at unprecedented pace. LUKoil's 2025 report focuses on these shifts with regards to demographics, motorization... ... remarkable rank considering that it is directly below Rosneft and near to 5th placed Gazprom. It shows that gigantomania is not key to success as efficiency still strikes... ... Future" (Link to Full Book).
LUKoil Report Link: "Global trends in oil & gas markets to 2025"
Oil Prices are Up, Up, and Away!
From today till 2025...
... categorically against moving to the spot-markets and it will maintain this stance for the next 3-4 years. Basically, Gazprom will keep supplying minimal amounts of gas via spot-prices and defend its position, which means without this player we cannot see Gas-OPEC materialising. Also, will Qatar agree to lift their moratorium and will Algeria continue to increase its production – like Gazprom they will continue to push for oil-pegged prices – as their government's revenues come from these spheres. Thus, there are many uncertainties, so we ought to come back to this question closer to 2016-2017.
Gazprom Will Not Budge:
Gazprom will not lower prices to ...
... for this crisis? Perhaps, is it a virtue of the capitalist system, its agents, or other factors?
The continuous eurozone turmoil provides a microcosm for the wider global economy. It has variously been described as a financial or a fiscal crisis, caused ... ... 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 pipeline has even been called “Nabucco” ...
... Kovykta… towards Chayanda and, in the end, gas from Kovykta will be transported through the Yakutia-Khabarovsk-Vladivostok gas pipeline… slated for 2016”. In February 2013, ITAR-TASS reported that Gazprom has started to consider bringing forward the 2016 aim – so has the Russian energy elite realised the need to hurry?... ... must not take too long as the energy sector moves quickly and it could find the Asian market saturated.
Winding Road Ahead - Oil:
ES-2030 success will depend on the interactions between the Russian energy elite and politicians, who tend to interrelate ...
... 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)....
... – what must be done to stop any changes, how to adapt to them if they occur and what if sceptics are right?
«Oil and Gas Dialogue: Russian Gas in the European Market» Joint International Forum held at IMEMO RAN conference hall on 7th December ... ... 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 ...
