... nitrogen compounds than other fossil fuels) was quickly appraised. In fact, gas consumption will grow faster than oil utilization in the coming decade at an average annual consumption growth of 2.2%, with much of this growth being driven by China. LUKoil sees that for Russia this is not good news as it is yet to complete any big gas deals with China, while its traditional European market is forecasted to persist in being difficult. Although European production will actually decline and imported gas will increase, the competition is expected to heat up a lot after 2015 as more potential suppliers enter the market (e.g. ...
... will not agree to such a minor role. In all, unfortunately, 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 ...
Euro-Russian relations have strained over the recent years in energy ... ... challenges will be discussed. In this post I am joined by the Head of Oil and Gas at the Energy Research Institute of the Russian Academy ... ... research conducted. In this first post of two-part special, a Europe-Russia focused question and answer session is outlined with ... ... whereas in the subsequent second post, coming later, we look at China-Russia.
Europe-Russia ‘Special Deal Severed’:
...
... 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 Editor of the journal TELOS and Fellow... ... 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... ... likely to stop looking West and instead go East – as soaring trade levels with China already foreshadow.
However, Russia remains a European power – part of...
... – Gas:
China’s feat of securing Urals oil for half the market price and being a peculiar victor amid the taxation squabble in Vankor highlights its shrewdness. However, its constant desire to change the pricing formula and its outstanding oil debts, go into the territory of poor relations; which will aggravate Moscow. Gas wise, China again acts as a hard client as experts believe that it links gas to coal prices, which differ a lot, particularly when Russia aims to receive European type sums. Mareš and Laryš argue that China’s gas market is a questionable venture, as it is traditionally orientated towards coal with gas only account for 3% of the energy mix. China has begun to move towards natural gas ...
... fields will be a big worry for Russia. Finally, on 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 question whether Europe wants to play with its energy security as ...
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 ... ... 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 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 ...
... 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.
Optimism ...
... 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 in contrast to the European consumers, whilst gas is also only really needed in Manchuria. So, not to exacerbate... ... make alternatives unfavourable and projects need thorough calculation. As things stand Russia is near to subsidizing the Chinese consumers.
Bezryadin, M. (Deputy Chairman...
