... of 736 Mtoe (million tons of oil equivalent) by 2035. As even though others will produce a lot of oil and gas, they will not be able to export as much due to domestic needs, etc. As a result, Russia’s net exports will meet 4.2% of world’s energy demand in 2035, which will be sent to Europe (still world’s largest importer of natural gas) and China (world’s largest oil importer).
Oil production will be dominated by USA, Saudi Arabia and Russia, with well over a third of global liquids coming from these three powers. At a rate of 11 Mb/d by 2035 Russia will only trail Saudi Arabia and the US. BP anticipates that post-2020 Russia will commence its tight-oil production, which will prop ...
... as tankers move from mainly Middle East to Asia (China, Japan, South Korea, etc.) It is not the only ... ... used diplomatic language and did not refer to the USA when speaking about 'large nations',... ...
As Yergin (2011) stresses oil has been a primary energy concern for China ever since Mao, as it was ... ... these partners in my older post (e.g. Central Asia or Russia; see: China Post), but extent of success via ... ... that it was like – throwing a lit match into a gas filled room on top of Capitol Hill, as it instantly ...
... quicker than Saudis during their boom years of 1960s and early 1970s, or twice as fast as Russia during 2000s. Following US invasion and overthrow of Saddam, about ¼ of... ... 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... ... producers have a logistical edge via better placed terminals and newer equipment – China alone will increase its refining capacity by 2.4 million barrels per day in just...
... the future Russia does not agree with potential Chinese demands it will be left with no options, but China will be able to get gas in Central Asia or via the sea from Australia and maybe even the USA post 2016-2017 when many anticipate possible start to shale-LNG shipping. Lastly, China can always burn coal if it is facing a trade dispute over price to pressure sellers like Russia, although as Yergin highlighted at IMEMO RAN the environmental fallout from coal is now among the leading energy issues as it has gone too far and cannot be used so excessively (2/3rd of primary energy mix right now).
China's ...
... civil economy, European Union and wider Europe like Russia, Ukraine and Turkey. He is an Associate Editor ... ... eurozone, fuelled credit and real estate bubbles in the USA and Europe, which burst in 2008-9 amid the global ... ... instead go East – as soaring trade levels with China already foreshadow.
However, Russia remains ... ... authoritarian consolidation, on the other hand.
Energy Calamity
It is argued by some that the Russo-European ... ... Has this occurred due to European attempts to lower gas import prices, or more serious underlining issues?...
... looked like Russia had several options, like supplying China, Japan, the Korean Peninsula and even as far ... ... demand, particularly as recent events have benefited Russia (e.g. Fukushima Disaster). However, the talk ... ... very optimistic to even consider this option, but energy companies and academics nevertheless did not ... ... it could become a reliable partner for South Korea gas needs. Perhaps, in the perfect world, where the ... ... not Denis Rodman and it does not want to destroy USA, both South and North could cooperate in all fields,...
... From Russia With Love:
Xi Jinping visit to Russia was highly symbolic, as is the case with first foreign visits (See: NTS). Energy was at the forefront of the visit with two different outcomes for the oil and gas talks. The other issue was geopolitics as the visit signalled that the world is changing by shifting West to East (See: Reuters).... ... can dominate world's affairs"; this could be just rhetoric, but it still aids to dispel some peoples worry that Russia's Chinese neighbour could be a threat, while also calling for the final end of USA's hegemony (See: SCMP). Albeit, it is hard to see China not taking the lead regionally and globally in the future as it clearly dominates, particularly in the BRICs (economically ...
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,... ... major news, interesting articles and possible leads within the energy industry. Today, I want to share with you some of the findings ... ... – lets make these blogs interactive!
Shale Gas History (USA):
The New Times – a Russian weekly – reports ... ... the home market.
Non-US Shale Progress (Europe and Asia):
China is eager to jump on the Shale Revolution and aims to produce ...
... and researching for my dissertation «The Role of Eastern Energy Strategy in the Russian Foreign Policy: Opportunities and Threats» at the ... ... findings and conclusions with anyone who is interested in the oil and gas industry. Before commencing, I just want to give all the appropriate ... ... Moreover, albeit global energy intensity has fallen globally (even China and Russia has improved) due to technological innovation ... ... entity, with a net-equal position between its imports and exports. USA even had to convert its now useless LNG terminals (which it ...
... 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 Remains Thin in the Air:
As the world continues to scuffle against the most severe economic ...
