... breeze of economic prosperity across Asia, South America and even Africa, the global energy balance is tipping, particularly as the new economic frontiers are moving at... ... it ranks 11th. It is quite a 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...
... politicians have stepped into to resolve some of the issues. Also, TNK-BP acquisition by Rosneft naturally resolves some of the long-lasting disputes. As the below map illustrates... ... This does leave a question to ponder in my next posts as how will history influence energy relations amid the two giants.
Japan has indicated that it may partake... ... reaffirmed, due to its importance for the Asian market. In 2012, Interfax reported that Gazprom’s CEO, Alexei Miller, has launched a plan for “a pipeline from Kovykta… towards Chayanda and, in the end, gas from Kovykta will be transported through the Yakutia-Khabarovsk-Vladivostok gas...
... Gazprom has always been the state official and legal monopoly, but as the former's potential grows, particularly in gas, this status quo may alter. Currently, Ministry of Natural Resources backs Gazprom (See: InterfaxEnergy). Finally, whether the TNK-BP deal was led to this development or not, Exxon Mobil just issued an ambitious $190 billion ... ... forward, but the figure is very substantial. It will add 1 million barrels of oil to its stock, which although not challenge Rosneft's huge oil production, nevertheless it will add more competition from a much more profitable US firm (See: Oil&Gas ...
