Going South?
While Russia and the Middle East have remained champions in gas and oil production for decades, the USA is looking for new greenfield projects and partnerships with countries not facing existing political constraints: it is the ... ... to Africa whose incredibly fast urbanization rate already accounts for a greater proportion of middle class than in India or China
[1]
, opening up wide opportunities for America-African strategic cooperation in energy field.
Today the African region ...
... balance sheet. If it goes to China, it will be even better as some of the US debts can be shifted back in the form of shale gas. Christof Ruehl does caution that we must not see this shale sale as the US Holy Grail, as at the end the American consumers may just spend more on Chinese goods. That said it will at least act as a cap on the US huge trade deficit with China.
Trouble Brewing – Do Not Boil
The energy renaissance of USA from one perspective will benefit its inhabitants and wider North American security, but such gains could also become inadvertently ...
... contested waters of the seven seas. He would grasp he has been embroiled into one of the biggest geopolitical chess games, except ... ... global oil trade, as tankers move from mainly Middle East to Asia (China, Japan, South Korea, etc.) It is not the only passage available ... ... Characteristically, China used diplomatic language and did not refer to the USA when speaking about 'large nations', but no ... ... by saying that it was like – throwing a lit match into a gas filled room on top of Capitol Hill, as it instantly flamed ...
... utilization which is forcing many to shutdown. Since 2009 3.7 mln bbl/d of capacity has been lost via closures. Further, LUKoil sees that an additional 1-1.5 mln bbl/d worth of capacity will need to be cut as it is not needed. However, employment laws ... ... authorities. Things are bleak as new global producers have a logistical edge via better placed terminals and newer equipment – China alone will increase its refining capacity by 2.4 million barrels per day in just four years. As USA enters the export market excess diesel fuel will be exported to Europe, while gasoline will be moved to Latin America, in all this shift may prove to be the final nail.
‘Easy on the Gas’ – ...
... lower, deadlines will be pushed back and we can expect more difficulties along the way as usually is the case when dealing with gas and oil, and this set of players. Mitrova anticipates that a maximum of 40bcm will be piped to China, not the 70bcm officially endorsed by the government which naturally tends to optimise its goals. Also, the 2017 deadline ... ... Unfortunately, this puts Russia at a disadvantage as by then the Chinese market may become saturated with suppliers (e.g. if USA decided to finally allow for mass export of shale gas). In all, the official Strategy 2020 (ES-2020) and Strategy 2030 (ES-2030) ...
... whole eurozone, fuelled credit and real estate bubbles in the USA and Europe, which burst in 2008-9 amid the global ‘credit ... ... continuous capitalist crisis differs from previous times of turmoil because global finance capitalism has eroded the moral economy ... ... West and instead go East – as soaring trade levels with China already foreshadow.
However, Russia remains a European ... ... anti-Russian stance. Has this occurred due to European attempts to lower gas import prices, or more serious underlining issues? Europe’s ...
... Laryš wrote their article it looked like Russia had several options, like supplying China, Japan, the Korean Peninsula and even as far as India. Then it was mainly Gazprom’s... ... But still, Gazprom made good progress by shifting 9% of Japanese LNG and 7% of its oil in 2011 to Asia. Vladivostok LNG terminal, due for launch in 2017, will increase... ... not abandon the possibility that it could become a reliable partner for South Korea gas needs. Perhaps, in the perfect world, where the last delegate to DPRK is not Denis Rodman and it does not want to destroy USA, both South and North could cooperate in all fields, including energy matters.
...
... already apparently invested $1.52 billion into US shale, with an aim to increase its global oil production to 200 million tonnes by 2015 - very ambitions (See: RT). China has also pushed to invest into natural gas-stations for transport vehicles in the USA, as by switching from oil to gas reduces pollution (See: ChinaEN). One wonders, if China this way wants to get closer to US shale technology, as one must point out that the US has been highly reclusive of it, not even allowing Chinese passport holders to its production sites. For the time being, Russia will ...
Alongside my typical journalistic duties at ‘Oil & Gas Eurasia Magazine’, I tend to daily scan both Russian and Western media outlets,... ... to leave a comment – lets make these blogs interactive!
Shale Gas History (USA):
The New Times – a Russian weekly – reports that the US Shale Revolution... ... aimed predominantly at the home market.
Non-US Shale Progress (Europe and Asia):
China is eager to jump on the Shale Revolution and aims to produce 100 billion cubic...
... Today I wish to share its findings and conclusions with anyone who is interested in the oil and gas industry. Before commencing, I just want to give all the appropriate credits and... ... to 1980’s. Moreover, albeit global energy intensity has fallen globally (even China and Russia has improved) due to technological innovation within efficiency, nonetheless... ... self-sustainable entity, with a net-equal position between its imports and exports. USA even had to convert its now useless LNG terminals (which it first built at a massive...
