... 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... ... the trade-off worth it?
Energy Weaponry Myth:
Pathological fear does exist, that Gazprom may in some way use its power to influence Europe as a dominant supplier. However... ... as all the loans for developing new fields and constructing new pipes are done via long-term contracts. This is vital for Gazprom, as the lending banks absolutely adore...
... ¼ of Russia’s oil and gas proven reserves, but these regions are extremely underdeveloped making casing, extraction and transport difficult. Key gas fields, like Kovykta, are isolated by taiga or encircled by canyons – these are not Gazprom friendly areas due to a lack of piping expertise. Besides technical issues, political factors have also strained development. Like the 10 year dispute amid TNK-BP, Interros, Gazprom and other stakeholders, but a light at the end of the tunnel ...
... and supply spiralled due to shortages resulting in extortionate consumer rates. With long-term contracts such seasonal, speculative and erratic events are less likely.
... ... Challenges 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... ... 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...