Search: Gas,Europe,LNG (5 materials)

Oil and Gas Markets to 2025 - LUKoil

... will increase by 250 bcm in essence flooding the market and leading to old contracts to be renegotiated more robustly. Lastly, Europe’s notorious Third Energy Package is set to split gas transmission and storage from commercial activities. This will create a single trading hub as LUKoil points out for the entire ... ... posts stress there are serious problems for certain suppliers in financially breaking-even with such setup. Hot Subzero LNG Over the last 10 years LNG-liquefaction capacities increased by 2.5 times around the world to 360 bcm. Major commissioning ...

25.07.2013

Route-2030

... Asia’s oil from the current 6% – with China being the main consumer. Further, by 2020-2022 the figure should be around 14-15%. Gas wise, it is amazing that Russia, the energy superpower, sells no pipeline gas to Asia, and only marginally sells LNG from 2009. By 2020-2022 Russia ambitiously aims to reverse this trend by supplying 16-17% of Asia’s gas – with the figure rising to 19-20% by 2030. In all, this shows a positive trend as Russia must diversify its eggs among more than one basket. Its main European market accounts for 90% of its export – which is a serious security issue. ES-2030 is quite versatile with internal ambitions as well as export intentions. Russia aims to integrate its export capacity into developing political and economic ...

12.04.2013

Oil and Gas Digest

... out with alternative suppliers coming online quickly (See: Reuters) In all, Europe continues to be an uncertain market. UK's urgency to form a hub market has led to issues for Russia, as its NBP hub (National Balancing Point Hub) influences European prices heavily against the more expensive pipelines. Althought, interestingly, UK's rush has recently backfired as it found it difficult to buy LNG due to prices being 2x higher in Asia, thus making UK an undesirable location for export of liquified gas for nations like Qatar (See: Reuters). This problem has intensified at the end of March as some deemed that the UK was close to running out of gas. Contrary to fears of some media outlets (See: Yahoo or See: TheTelegraph), this did not materialise ...

02.04.2013

Shale Revolution – Full Steam Ahead!

... 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 is incredibly cheap (at least aside from subsidies and other hidden numbers). It is too late to debate whether more actions was needed earlier,...

15.03.2013

«Oil & Gas Dialogue» IMEMO RAN

... immediate Mayan apocalypse as some may have felt, but in today’s world things change quickly making one ponder – 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 ...

14.02.2013

Poll conducted

  1. In your opinion, what are the US long-term goals for Russia?
    U.S. wants to establish partnership relations with Russia on condition that it meets the U.S. requirements  
     33 (31%)
    U.S. wants to deter Russia’s military and political activity  
     30 (28%)
    U.S. wants to dissolve Russia  
     24 (22%)
    U.S. wants to establish alliance relations with Russia under the US conditions to rival China  
     21 (19%)
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