... 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 LUKoil ...
... 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 highlights, Russia must not be delusional about its own role in the great power's game,...
... volumes as things stand. This position will be maintained for the next 3-4 years. Gazprom adheres to the following practice in Europe: if it is taken to the arbitrage court it always negotiates and lowers prices or at least its behaviour has been like this ... ... others terms. A court battle is the last thing Gazprom would want.
EU Importers are Commercially Motivated:
Importers see energy trade from a clear commercial interest as the difference of $100 per 1000 cubic meters, between spot-prices and oil-pegged contracts is too great. This price disparity pushes companies like E.ON or RWE AG onto the edge of bankruptcy. As these ...
... serious underlining issues? Europe’s potential alternative pipeline has even been called “Nabucco” – does Europe really feel enslaved by the Russia energy dependence in a Verdian sense?
For far too long, EU-Russian relations have been notoriously bad – with low-level ... ... anti-Russian, so too Moscow has become disillusioned with Brussels and shifted attention to its Eurasian backyard and beyond.
Oil prices are part of the equation but by no means the main reason. Alternative projects such as the proposed Nabucco pipeline ...
... 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 ...
... technical issues like transport proximity. In Iraq, the dispute amid central government and Kurdistan has resulted in contracts being annulled with Exxon Mobil, Total and GazpromNeft; as the central government considers that only it should negotiate energy contracts, not its rebellious regions (See: Gulf Oil&Gas). As a result of anti-Russian import policy, Gazprom's European exports fell 7.5% (2011-12), with opportunities becoming more limited, but it appears that a 40 bcm potential to supply UK is still on the table; as the Russian giant only covers 10% of the island's market (See: Platts). Someone needs ...
... – 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 ... ... traditional product must be competitive so it does not miss the gravy train which may well soon pick up speed.
Igor Ossipov
Oil & Gas Eurasia Correspondent, Oil/Diesel Broker and RIAC Blogger.
... 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 question as there have been ...
... – 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 ...
..., Australian shale could supply Asia, Israel has off-shore shale potential, Middle East could make a stable return to supply Europe and if China gets the technological means it may mine its shale reserves which are the biggest in the world. Realistically,... ... a reliable supplier that will be a unique selling point in the turbulent world.
«3rd International Eastern Siberia Oil & Gas Conference» held at Baltschug Kempinski Hotel (Moscow), on 28th November 2012; moderated by Krutikhin M. I., Partner at RusEnergy.
Igor Ossipov
Oil & Gas Eurasia Correspondent, Oil/Diesel Broker and RIAC Blogger.
