... the energy issue and the economic partnership with Russia, vital for his country and many others like Italy, currently lead by democratic prime minister and Schulz-backing Matteo Renzi. “Tough sanctions mean we should tell our citizens: higher gas prices, higher energy prices, and no investments of european companies in Russia. But we should also look for diplomatic solutions which always start with one thing, to look at the shared and common interests” he said. Germany is indeed the world’s first importer of russian gas through the specifically built Nord ...
... wants to go beyond this summary to explore the outlook in more detail, or browse through IMEMO RAN’s other events and online resources, please follow the links below:
- BP Energy Outlook 2035 Material
- BP Energy Outlook 2035 Factsheet
- BP Energy Outlook 2035 Russia
- Oil and Gas Dialogue (RUS)
BP’s Pure & Fresh Approach:
The most evident sign of BP carrying out a recalibration of its outlook lays on the fact that timeframes have been altered with now the base year of 2012 going up to 2035, rather than as in before ...
... caveats. Firstly, Russia has not yet surveyed the shelf to find out whether it struck the black gold, or more specifically gas, 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 200 nautical miles control. It might be startling for some, but Japanese and Korean vessels fish as far as the Barents Sea!...
... prepared to play on its terms. In effect, China is left with investing in second-tier opportunities and the Malacca Dilemma persists with just a balancing effort trying to minimise rise in dependence. Li & Cheng (2006) see that options are limited as energy demand in Asia is growing at an annual rate of over 3% and already more than a half of world’s oil and almost 2/3 of gas pass via the strait, thus it is hard to see how these sums will be circumvented. Still, when Li & Cheng wrote their work, trade with Russia was slow, but recently non-equity investments have occurred. So, if China continues to alter its pose it may well engage Russia as it is the most appealing long-term supplier. Russia holds huge oil/gas reserves, which are geographically close as ...
... As we know, the problem lies in the fact that petrodollars derived by OPEC and now Russia cannot be easily spend by the actual producers, as their economies are not well... ... Act. If we look at the statistics for manipulators, its frankly shocking. Cambridge Energy Research Associates (CERA) highlight that from 2008 there were no changes within... ... into the global casino with little gambling limits and about to invite its friend (gas).
P.S. while writing this post I was considering doing a mirror post for...
... of increase in supply will be attributed to hi-tech production methods and unconventional fuels, the remaining 28% will come mainly from Saudi Arabia, Iraq and the CIS. I personally think this is a key point to remember for all those advocating that Russia uses ‘energy weaponry’ or is overcharging its customers, as prices have to be raised for gas and oil as costs are not standing still.
Off to the Sea
Oil discovery has evolved in a number of ways over the last century with traditionally land based production being slowly replaced by more tricky offshore extraction. The peak years of ...
... its only natural room to manoeuvre seems northwards. Even if the world does not tremble, Russia fears that at the least Eurasia will shake. As promised, this is the second post in this special series and once again I am joined by the Head of Oil and Gas at the Energy Research Institute of the Russian Academy of Sciences, Dr. Tatiana Mitrova. We discuss: sinicisation, geopolitical mistrust, energy deals, the Central Asian Ace & more! Please, feel free to comment & enjoy!
Personal Note:
This is the second post in a two-part special with ...
... this post issues like energy weaponry (enormous logical fallacy in my opinion), market reforms, looming contract litigation, energy security, shale revolution and domestic challenges will be discussed. In this post I am joined by the Head of Oil and Gas at the Energy Research Institute of the Russian Academy of Sciences, Dr. Tatiana Mitrova. This is the first of two posts from this special series, so keep tuned, please feel free to comment and enjoy!
Personal Note:
My regular readers may have noticed that I have recently been away from ...
... system. More specifically, Moscow lacks a clear strategic direction, as the ruling regime is increasingly divided between an official commitment to economic modernisation, on the one hand, and authoritarian consolidation, on the other hand.
Energy Calamity
It is argued by some that the Russo-European relationship has soured creating an anti-Russian stance. Has this occurred due to European attempts to lower gas import prices, or more 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 ...
... last posts with direct links to all the sources, for easy access, as this is a blog and it doesn't require academic rigour. Please see the following link for the Energy Policy journal article on which this post builds upon: "Oil & Natural 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 ...
