... overthrow of Saddam, about ¼ of Iraqi output was lost in comparison to year 2000, which means it will be a major challenge with the current difficult political climate.
Europe Refines A Meltdown
As a consequence of recent energy trends the European oil refineries are in systemic crisis. USA’s reduction of gasoline imports due to shale and commissioning of highly effective oil refineries in the Middle East/Asia has filled many rooms with pessimism. The period of 2004-2008 branded by LUKoil as the ‘golden age’ of European refining, has come to ...
... as Mitrova highlights (in reference to Simon Pirani's recent work), Central Asia has completely moved towards the Chinese market and we ought to blame the squabbling between the EU and Russia over gas matters, as whilst these were ongoing the gas/oil potential of Central Asia was lured towards China. As we are currently seeing the infrastructure is being reversed away from Europe to Asia, yet again underlining that EU's actions were once again detrimental to its energy security with an additional cost of diminished relations with Russia.
Russia's Uncertain Footing and China's Roar:
As Mitrova ...
... shift gas via many different routes. Simply having the same price across the board is absurd or trying to push some revolutionary policies that do not reflect market peculiarities. The market must be given time to evolve naturally.
Giant-Shtokman Gas Field - Will be Idle:
As Europe is proving to be a difficult market for Russia due to price liberalization, long-term contracts decline and oil-pegged prices rejection, the Shtokman field was postponed and its development was rejected, perhaps, for the next 10 years. Also, as the US market is quickly becoming self-sustainable due to the Shale Revolution, the Shtokman gas can no longer be ...
... Lille (Sciences Po). His research concerns capitalism, religion, ethics, civil economy, European Union and wider Europe like Russia, Ukraine and Turkey. He is an Associate... ... 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... ... 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...
... or Reality. Also, please feel free to comment or leave a like, its always more productive to engage in a discussion!
Route 2030: Dream or Reality?
The rising politicization of Euro-Russian energy relations is casting doubt over future volumes of oil and gas supply to Europe, according to two researchers from Masaryk University. Their recent article evaluates the difference between policy ambitions shown by Russia and the official “Energy Strategy to 2030” (ES-2030) publication; released in 2009. M. Mareš ...
... the positive side, although Turkmenistan has increased production of gas in 2013 - it has been relatively small at 3bcm, with also internal consumption growning quicker, which will lower exports to China, or potentially to the EU market (See: NaturalGasEurope). Also, political turmoil in Egypt could potentially shift it to be a net-importer with Russia dubbed as a potential supplier (See: VoiceofRussia). A lot will depends on Egyptian government as like with many countries energy imports are tightly regulated. Finally, it is a ...
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 ... ... of exporting shale - 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 ...
... the economy that is dependent on the exports of oil and gas.
The recent relationship amid Russia and certain European states has soured leading to arguably an anti-Russian stance, particularly in regards to energy policies. Has this occurred due to European attempts to lower gas/oil import prices or more stern underlining issues? E.U. works with ‘sheikh style’ regimes of Central Asia – so additionally does the model of governance influence relations?
That is a good, but difficult question as there have been ...
... summer as circuits must be loaded and cannot be just shutdown. So, currently a hybrid system exists with spot pricing, fixed gas to oil pricing and with hubs which only work after 70-80% of the market is satisfied by the normal pipeline network. On the positive ... ... prices tend to be cheaper, but the difference is not huge in contrast to the feasible risks. During 2011-2012 hub prices in Europe had shown that the blend of speculation and erratic weather could create a dangerous cocktail with severe gas shortages....
... Israel has off-shore shale potential, Middle East could make a stable return to supply Europe and if China gets the technological means it may mine its shale reserves which... ... $70 per 1000 cubic meters, Australia at $120-$140 and Algeria and Qatar sell natural gas just above that. But Russia could continue to compete if it improves efficiency... ... selling point in the turbulent world.
«3rd International Eastern Siberia Oil & Gas Conference» held at Baltschug Kempinski Hotel (Moscow), on 28th November...
