... hedge economic risks as much as possible in order to implement their announced development plans intended to overcome the difficulties in stabilizing China’s economy and in implementing its policies on the domestic and foreign markets, including the energy sector.
The trade conflict with the US resulted in China demonstrating its independence from American oil and LNG. For three months (between September and November 2018), Chinese companies did not purchase American oil and resumed imports in December 2018, purchasing only insignificant amounts. China quickly found replacements; Iran offered the required quantities ...
... intention to conduct a policy of “energy dominance” (in contrast to Barack Obama’s energy safety policy). An integral part of the policy is to produce oil and gas in those... ... Arctic “five” (Canada, Denmark, Norway, Russia and the United States), Iceland, China, South Korea, Japan and the European Union back in November 2017, but it took... ... disasters.
South Korea continued to implement an ambitious
project
to build 15 ice class LNG carriers for Russia.
The development of Russia’s relations with China was particularly...
... 21st Century
Of all the types of hydrocarbons, coal has been in use the longest. China is known to have extracted coal as early as the 4
th
century B.C. Unlike oil,... ... uncertain, with most western countries trying to lay the foundations for an emissions-free energy future and thus giving up the fuel. The developing world cannot afford to adopt... ... Europe is unclear. As gas grows cheaper due to the gradual increase in the number of LNG suppliers and improvements to the regasification infrastructure, the demand for...
... daily or 1/3 of the global oil trade, as tankers move from mainly Middle East to Asia (China, Japan, South Korea, etc.) It is not the only passage available there (e.g. Lombok-Makassar... ... world’s biggest economy?
As Yergin (2011) stresses oil has been a primary energy concern for China ever since Mao, as it was perceived as a main component of... ... low-cost consumer goods. Also, in the last decade the world has recorded an upsurge of LNG tankers with Indonesia, Malaysia, Qatar and Australia shipping liquefied gas via...
... level of capital expenditures due to significant number of existing LNG import facilities that can be quickly converted for LNG exports (albeit LUKoil does not underline the huge cost). A lot will depend on the US political climate as its current weak ... ... Also, even Russia, traditionally a pipeline supplier will enter the game with about a 1/10th share by 2025.
No section about energy is complete without China, which is why LUKoil highlights that the Asian dragon has the most favourable conditions to establish shale production and ...
... GDP China uses 5 times more energy than the US, or 12 more than Japan. Just by 2015 China’s consumption will near EU’s at 490 Mt. ES-2030 shows that by 2030 Russia aims to supply 20-25% of 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 ...
... a cooperation deal with its Chinese counterpart for up to 68 bcm of gas (See: Bloomberg). This was a sizeable figure for China, as it is an emerging player in regards to this fuel type; although it currently adds up to a small portion of its overall energy mix, its growth has been very rapid. China has single-handedly fuelled more demand for LNG and expanded not only in its domestic, but also in international markets, like Africa (See: NYT). I was personally excited about opportunities between Russia and China, as Energy Minister Alexander Novak, issued a statement that both were working ...
... wells may run dry quicker than anticipated. It will be interesting to see how the issue with water develops particularly, as China has recently begun to re-divert its major rivers and canals to restructure waterways for its mass population; particularly ... ... without innovation in business there is only decline.
Global Impact of Shale - Winners & Losers:
Aside from traditional energy suppliers, the world should benefit as in 2015 the first LNG terminal will be built in the US on the Pacific coast to export shale gas to Japan – where current gas prices stand ...
... process of preparing and researching for my dissertation «The Role of Eastern Energy Strategy in the Russian Foreign Policy: Opportunities and Threats» at the... ... to 1980’s. Moreover, albeit global energy intensity has fallen globally (even China and Russia has improved) due to technological innovation within efficiency, nonetheless... ... thus making exports less expensive.
- Liquefied Natural Gas with Asia on Route:
LNG demand will increase, particularly in Asia, as developing economies will search...
... 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 crisis, optimism remains thin in the air, conceivably as uncertainty is easier to sell. The IMEMO RAN forum was no different,...
