... of oil to China along ESPO oil pipeline in 2014, and will gradually increase such shipments to 15 million tonnes by 2018; which is huge news for players involved (See: Interfax). Due to these deals China will overtake Germany as a top destination for Russian oil. USA and China currently both import around 6 million barrels of oil per day, with latter forecasted to overtake the long-time leader due to its booming transport sector (See: WashingtonTimes). If deal with Russia goes to plan, it should overtake the US oil consumption,...
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,...
... peacekeeping force. So its overall military interest is to continuously have a foothold in the region. However, the role of China in the region, the American war in Afghanistan since 2001 and the European Union which has been gaining an interest there since 2006-2007 in an attempt to exploit Central Asia’s need to diversify its energy exports – have impacted upon Russia’s position. Moreover, the E.U. in particular wants access to Turkmen gas and Kazakh oil and gas, as a way to diversify its energy imports and rely less on Russia.
However, the Central Asian states will remain ...
... notably less powerful cars of the 1960’s to 1980’s. Moreover, albeit global energy intensity has fallen globally (even China and Russia has improved) due to technological innovation within efficiency, nonetheless it is unlikely to fall further as the opportunity ... ... efficiency is too high. Lastly, in regards to developing economies the demand is expected to boom, with 85% of the global growth in oil and gas expected from them. Numerically, with Asia adding most of the growth (i.e. China), demand is expected to grow from ...
... will be no immediate Mayan apocalypse as some may have felt, but in today’s world things change quickly making one ponder – 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 2012; moderated by Ivanova N. I., RAN Academic and Associate Director of IMEMO RAN, and Eric Dam, General Director of Energy Delta Institute....
... barrel is reached, Saudi Arabia could fall into political turmoil. Likewise, shipping oil or LNG via the Cape of Africa is perilous with no stability of supply (e.g. pirates/failed... ... Eastern Expansion Project needs particular attention; for instance in respect to gas, China opposes paying over $290 per 1000 cubic meters, which is $110 cheaper per measure... ... make alternatives unfavourable and projects need thorough calculation. As things stand Russia is near to subsidizing the Chinese consumers.
Bezryadin, M. (Deputy Chairman...
