... against the United States. Washington has been critical of major Russian infrastructure projects in the past. The original Nord ... ... visit of U.S. senators to Bulgaria was soon followed by the refusal of the authorities in that country to go ahead with the Gazprom ... ... State created the post of United States Special Envoy for Eurasian Energy (in the Caspian region), originally occupied by Clayland ... ... Richard L. Morningstar (2009–2012).
In order to support American gas producers, the U.S. authorities are trying to clear the market ...
In May 2014, in the aftermath of Russia-Ukrainian crisis, the European Commission adopted European Energy Security Strategy, establishing two pillars of European security of supply: prevention and mitigation. The main goal was to prevent gas supply disruptions by implementing “gas stress tests” (modelled by ENTSOG) ... ... for gas as well as post-Fukushima nuclear dismantlement) remains cheaper, giving the USA additional incentives for export. Today, 53% of the EU (80% in North West EU) gas...
... volumes produced, but dominate export wise. At 79 Bcf/d of gas output by 2035 Russia will a major player, but its production will predominantly be conventional as only 5% of it will come from shale.
In overall terms fossil fuels will account for 84% of Russian primary energy usage in 2035, down from 89% in 2012. From these 84% oil and gas will dominate, as despite sizeable coal reserves, Russia’s production of coal will remain relatively modest with only 6th largest production in the world. BP predicts quite a stable trend for Russia, as energy production and consumption will ...
... as this region is mostly a gas sphere. In contrast, the US, Canada and Norway have been doing so for ~20 years with success. Russia has only surveyed the Far East a little and is yet to find the critical gas hydrates. Secondly, as waters warm it may open up some industries like energy and shipping, but affect others like fishing. In warmer waters the fish will swim out more from the shores and out of the ... ... this opportunity to fish legally as both these nations see the Arctic as a way to reignite their faltering stocks.
In the USA’s case melting ice has been more of a bad issue as it undermined exploratory drilling and made production harder, as ...
... Characteristically, China used diplomatic language and did not refer to the USA when speaking about 'large nations', but no ... ... biggest economy?
As Yergin (2011) stresses oil has been a primary energy concern for China ever since Mao, as it was perceived as ... ... some of these partners in my older post (e.g. Central Asia or Russia; see: China Post), but extent of success via diversification ... ... by saying that it was like – throwing a lit match into a gas filled room on top of Capitol Hill, as it instantly flamed ...
... problem lies in the fact that petrodollars derived by OPEC and now Russia cannot be easily spend by the actual producers, as their ... ... change the system. If we look at the recent GDP statistics we see USA has recovered quicker than any other major economy. A lot will ... ... the statistics for manipulators, its frankly shocking. Cambridge Energy Research Associates (CERA) highlight that from 2008 there ... ... casino with little gambling limits and about to invite its friend (gas).
P.S. while writing this post I was considering doing ...
... attain this level Iraq will need to act 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 Iraqi output was lost in comparison to year ... ... 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 ...
... recent IMEMO RAN conference which I attended, the 'superstar' energy expert Daniel Yergin has reiterated this fact numerous times. Thus, the rational thing to do would be to reduce costs as much as possible to increase competitiveness of Russian gas and oil – for instance, the taxation system needs a lot of attention as it is a very heavy burden on the energy industry. The current tax burden of 73% per barrel is unlikely to increase, but it is very high, in contrast the USA's 44% out of each barrel sold. In the UK a dual system exist with a portion of tax going to old oil/gas wells to maintain their production levels which seems very rational and perhaps a case to look into, but vitally this cumulative tax rate ...
... religion, ethics, civil economy, European Union and wider Europe like Russia, Ukraine and Turkey. He is an Associate Editor of the journal ... ... whole eurozone, fuelled credit and real estate bubbles in the USA and Europe, which burst in 2008-9 amid the global ‘credit ... ... and authoritarian consolidation, on the other hand.
Energy Calamity
It is argued by some that the Russo-European ... ... anti-Russian stance. Has this occurred due to European attempts to lower gas import prices, or more serious underlining issues? Europe’s ...
... personally due to the nature of such authoritarian states. It was always very optimistic to even consider this option, but energy companies and academics nevertheless did not abandon the possibility that it could become a reliable partner for South Korea gas needs. Perhaps, in the perfect world, where the last delegate to DPRK is not Denis Rodman and it does not want to destroy USA, both South and North could cooperate in all fields, including energy matters.
At a junction – ES-2030:
ES-2030 follows a tradition of Russia’s psychological affection to large scale projects with political elites at the helm. It offers opportunities, but Russia must place its interests first and not enter the market for the sake of involvement, as its policies will make it hard ...
