... profitable than natural gas, even with these added costs. The relatively simple combination of weak power generation from renewable energy sources and the insufficient supply of natural gas may well have brought the two most unpopular segments of the European energy sector—nuclear and coal—to the fore.
Graph 2
. Average Monthly Electricity Cost in Europe (EUR/MWh).
Source:
Thomson Reuters
As we look ahead, it is worth noting that electricity prices would likely decline in the end, at least when the situation ...
... invasion and 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 ...
...
Personal Note:
This is the second post in a two-part special with one of the leading Russian experts on energy matters, Dr. Tatiana Mitrova. To view the first part of this series focusing on the European-Russian relations, click the following link: European Energy Woes. Moreover, for those that follow my blog, as promised in one of my earliest post's, I ask Mitrova about the validity of Mikhail Krutikhin's (leading Russian energy critic) standpoint on the possibility of subsidising the Chinese ...
... GB, involving British Gas. However, most contracts were ended on mutual consent – which was done essentially due to pressure.
It is difficult to say whether this is possible in mainland Europe, as back then USA and GB were self-sufficient in energy so these contracts were not vital. However in Europe, we are talking about a region that will be increasing its energy imports. So would it be rational, for say arbitrage court in Stockholm to terminate a contract with a major supplier, as they would realise that any future contracts will be much ...
... combine elements of bureaucratic capitalism with aspects of authoritarian plutocracy. That is why critical engagement at the level of civil society actors and experts – like the Russian International Affairs Council – is so crucial.
Is Europe undermining its own energy security by attempting to diversify away from Russia?
That’s absolutely right. Amid the anarchy of the Arab Spring, the countries of North Africa and the Middle East won’t prove economically or politically more reliable sources of ...
... Gas in Russia's Eastern Energy Strategy: Dream 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 ...
... 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 it needs to realise that investment in infrastructure is costly; it costs $100-150 million for LUKoil to drill one Arctic well for the EU (See: MoscowTimes) - as my readers may recall that is hugely more than setting up a traditional ...
... Pacific coast to export shale gas to Japan – where current gas prices stand at around $600 for 1000 cubic meters – that is much more than $400 paid by Europe ($500 paid by Ukraine). Further, in 2016 US should begin exporting shale gas to Europe. Traditional energy suppliers will need to keep a close eye on these developments and they may well be forced to soon drop prices for natural gas to make shale LNG imports less appealing – all will depend on the final price which may well be very low as US shale ...
... have been attempts to try to move away from 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 ...
... anything of the new. The general consensus at IMEMO RAN was that 2015 figures are flawed and need urgent re-evaluation as European demand is unlikely to grow and could drop. Further, not only figures exacerbate the issue of uncertainty, as a lack of any European energy policy makes projections exceptionally difficult. In all, a tricky analytical concoction is present as examination of current developments is limited by quantitative and qualitative issues.
On the one side, Europe argues for green policy, on ...
