... partners to set up a joint venture, stating that the “deal could lead to a restriction of competition.”
Poland has also tried to influence the European Commission (EC). For instance, Warsaw took the issue of expanding the provisions of the Third Energy Package to include maritime parts of gas pipelines running into the European Union. The new rules would mean that Gazprom would only be able to transport up to 50 per cent of the capacity of Nord Stream 2. It is a move designed to create unfavourable conditions for the project’s investors. Only 27.5 billion cubic metres of the originally planned 55 billion cubic ...
... formally establishes Gazprom’s monopoly of exports routes. While “oil producers are obliged to sell dried stripped gas (from processing APG) in the domestic market,” they are unable to establish long-term third-party-agreements with Gazprom who often refuses access to its pipeline technically justifying it by being ‘at full capacity.’ It is imperative to support the suggestion of Ministry of Industry and Energy of 2007 calling Gazprom to give APG priority in accessing its UGSS27 network, elaborating legal provisions similar to the ...
... have remained the same before and after February 2014. In fact, virtually all of proposed diversification solutions – both under the Yanukovich and Poroshenko presidencies – have one element in common: an obsessive fixation on diversifying energy imports and shifting away from natural gas from Gazprom. Ukraine has already made several attempts, both successful and not, to find alternative sources of supply by building a physical reverse flow interconnector with Slovakia, mulling the re-gasification terminal option, and even exploring new alternative ...
... ending up 57th due to the quickly changing European market. To add salt to the wound, Gazprom is now sandwiched between Walt Disney and McDonald's. Finally, it is... ... Future" (Link to Full Book).
LUKoil Report Link: "Global trends in oil & gas markets to 2025"
Oil Prices are Up, Up, and Away!
From today till 2025... ... already record breaking figures of about 90 mb/d, oil’s overall share in global energy utilization will actually fall as housing and power generation will substitute...
... it was set to launch in spring of 2013), we would see an even clearer price differential between FST which underpins Gazprom and the legally freer Rosneft and Novatek. We are currently seeing internal scuffles between Minenergo (Russian Ministry of Energy), Mineconom (Ministry of Economic Development of the RF), Gazprom and others, on how to proceed, but as of yet no clear vision exists and we are yet to begin discussing this topic seriously.
US Shale Gas Export - The Psychological Revolution:
US shale gas export is highly contentious: Sabine Pass LNG was granted non-FTA (Non-Free Trade Agreement Countries) export status, then it was actually frozen, but not withdrawn. Then, we have seen deals involving ...
... 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 ...
... market. In 2012, Interfax reported that Gazprom’s CEO, Alexei Miller, has launched a plan for “a pipeline from Kovykta… towards Chayanda and, in the end, gas from Kovykta will be transported through the Yakutia-Khabarovsk-Vladivostok gas pipeline… slated for 2016”. In February 2013, ITAR-TASS reported that Gazprom has started to consider bringing forward the 2016 aim – so has the Russian energy elite realised the need to hurry? Mareš and Laryš would caution, as the dynamic diversification into Asia is somewhat abandoning the traditionally lucrative European market, than actually providing additional customers. Nevertheless,...
... Turkmen's gas goes to China at $345 before it crosses the boarder into China).
GAS: Post-Xi's visit developments suddenly picked up as it appears gas negotiations occured in the background outside public eye. Victor Zubkov, Chairman of Gazprom, issued a statement that a deal is due to be finalised in June (See: InterfaxEnergy). The gas deal is for 38 bcm of gas, which is less than anticipated 68 bcm and vitally price was not set, which is obviously a serious concern (See: InterFax Energy). Additionally, Russia was unable to play-off Europe against China, due to the latters pressure....
... for Russia:
As Tatyana Mitrova, Head of World Energy Markets Centre of the Russian Academy of Sciences and Head of Global Energy at Skolkovo, sees, there are three interlinked challenges for Russia. As mentioned, Russia must tackle its investment climate from its own side to allow for dynamic logistics, with transparency being vital. For instance Gazprom says it exported 150 billion cubic meters of gas, but only 107 billion was in fact pumped. Further, price disparity must be addressed with an informative business model. Sochi ...
