If we agree that diamonds, malachite and tantalite are a curse for D.R. Congo, then oil must be the penultimate stained Holy Grail of the entire world. It aids Middle Eastern ... ... the standpoints highlighted at this year’s IMEMO RAN event; the “Oil & Gas Dialogue” (26/04/13). As usual, I will offer additional links to expand our... ... crude and now net-back for other petroleum products. Again, the seven sisters preferred long-term contracts and also used modern concessional tools to account for socio-economic...
... suppliers enter the market (e.g. Qatar). By 2020 the market will need an extra 50 bcm on top of the existing contracts as certain long-term contracts end, but supply 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 area and as policymakers hope, eliminate major differences in prices, but as my older posts stress ...
... energy, 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 ...
... shift gas via many different routes. Simply having the same price across the board is absurd or trying to push some revolutionary policies that do not reflect market peculiarities. The market must be given time to evolve naturally.
Giant-Shtokman Gas Field - Will be Idle:
As Europe is proving to be a difficult market for Russia due to price liberalization, long-term contracts decline and oil-pegged prices rejection, the Shtokman field was postponed and its development was rejected, perhaps, for the next 10 years. Also, as the US market is quickly becoming self-sustainable due to the Shale Revolution, the Shtokman gas can no longer be ...
... for this crisis? Perhaps, is it a virtue of the capitalist system, its agents, or other factors?
The continuous eurozone turmoil provides a microcosm for the wider global economy. It has variously been described as a financial or a fiscal crisis, caused ... ... 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” ...
... framework to my 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 ...
... GazpromNeft; as the central government considers that only it should negotiate energy contracts, not its rebellious regions (See: Gulf Oil&Gas). As a result of anti-Russian import policy, Gazprom's European exports fell 7.5% (2011-12), with opportunities becoming ... ... Someone needs to remind Europe, that it made billions during the periods of the '90 and early 2000's when the long-term contracts benefited their economies, due to cheap prices, but now prices increased they tend to quickly forget the good ...
... the overall population claiming to be Russian, which is quite a high figure. So the Russian population in Central Asia is the key political interest of Russia, with the other interest being of course energy. The integrated transportation system for oil and gas, which existed since the Soviet period, still mainly runs through Russia and it is very keen on maintaining this system. In regards to the Central Asian interests, most states wish to diversify their transportation of energy away from Russia, because ...
... just shutdown. So, currently a hybrid system exists with spot pricing, fixed gas to oil pricing and with hubs which only work after 70-80% of the market is satisfied by... ... blend of speculation and erratic weather could create a dangerous cocktail with severe gas shortages. In the established US market similar scenario occurred in 2001 as prices... ... and supply spiralled due to shortages resulting in extortionate consumer rates. With long-term contracts such seasonal, speculative and erratic events are less likely.
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... foreseeable future the energy sector will experience price turbulence. In regards to oil, official forecasts estimate that global output will stabilize as demand increases;... ... the Middle East, aside from this being a double-standard as it tends to avoid Russian long-term contracts by saying short-term hub trading without a fixed price is the future... ... the Eastern Expansion Project needs particular attention; for instance in respect to gas, China opposes paying over $290 per 1000 cubic meters, which is $110 cheaper per...
