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 ... ... penetration to their markets less viable. Political tensions (especially with Russia under current sanctions) make cooperation in energy sector not only unlikely but virtually impossible. Thus, the USA in a way counters Russian pivot to Asia by expanding its ...
... dominate export wise. At 79 Bcf/d of gas output by 2035 Russia will a major player, but its production will predominantly be conventional as only 5% of it will come from shale.
In overall terms fossil fuels will account for 84% of Russian primary energy usage in 2035, down from 89% in 2012. From these 84% oil and gas will dominate, as despite sizeable coal reserves, Russia’s production of coal will remain relatively modest with only 6th largest production in the world. BP predicts quite a stable trend for Russia, as energy production and consumption will ...
... for the West symbolical ex-Soviet New Siberian Islands (Yahoo, 2013). As already said USA’s UNCLOS ratification will be key, as it technically follows it yet without... ... now even the US will likely claim further seabed from the international waters due to oil and gas riches there. It is interesting to point out that a nation can claim a 200 nautical... ... receives a lot of attention as a major source of revenue for the state, mainly from energy production and maritime transport. A main goal is to transform the Arctic into...
... were infuriated, particularly as the claim involves almost the entire sea and crucial oil/gas fields in the south, near Brunei (Financial Times, 2012). Major and even petty actions... ... faces a tricky game of manipulation as it cannot be inert as it is constantly fighting energy shortages or strain from rising prices for its 1.35 billion people, but too much... ... 2007). At the same time, littoral states do not want to see state navies of China and USA to get involved due to sovereignty fears. It will be thus vital to see how regional...
... diamonds, malachite and tantalite are a curse for D.R. Congo, then oil must be the penultimate stained Holy Grail of the entire world.... ... highlighted at this year’s IMEMO RAN event; the “Oil & Gas Dialogue” (26/04/13). As usual, I will offer additional ... ... sisters', who reflected the global power balance – with USA and still Great Britain dominating this list. Today, many of ... ... the statistics for manipulators, its frankly shocking. Cambridge Energy Research Associates (CERA) highlight that from 2008 there ...
... invasion and overthrow of Saddam, about ¼ of Iraqi output was lost in comparison to year 2000, which means it will be a major challenge with the current difficult political climate.
Europe Refines A Meltdown
As a consequence of recent energy trends the European oil refineries are in systemic crisis. USA’s reduction of gasoline imports due to shale and commissioning of highly effective oil refineries in the Middle East/Asia has filled many rooms with pessimism. The period of 2004-2008 branded by LUKoil as the ‘golden age’ of European refining, has come to ...
... fact numerous times. Thus, the rational thing to do would be to reduce costs as much as possible to increase competitiveness of Russian gas and oil – for instance, the taxation system needs a lot of attention as it is a very heavy burden on the energy industry. The current tax burden of 73% per barrel is unlikely to increase, but it is very high, in contrast the USA's 44% out of each barrel sold. In the UK a dual system exist with a portion of tax going to old oil/gas wells to maintain their production levels which seems very rational and perhaps a case to look into, but vitally this cumulative tax rate is still a lot less than in Russia at around 60%. The problem for Russia is that the oil and gas industry is ...
... 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 ... ... and authoritarian consolidation, on the other hand.
Energy Calamity
It is argued by some that the Russo-European ... ... anti-Russian stance. Has this occurred due to European attempts to lower gas import prices, or more serious underlining issues? Europe’s ...
... to the heavily LNG focused Asian states. 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 capacity matching the rising demand, particularly ... ... less personally due to the nature of such authoritarian states. It was always very optimistic to even consider this option, but energy companies and academics nevertheless did 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.
At a junction – ES-2030:
ES-2030 ...
... From Russia With Love:
Xi Jinping visit to Russia was highly symbolic, as is the case with first foreign visits (See: NTS). Energy was at the forefront of the visit with two different outcomes for the oil and gas talks. The other issue was geopolitics as the visit signalled that the world is changing by shifting West to East (See: Reuters).... ... dispel some peoples worry that Russia's Chinese neighbour could be a threat, while also calling for the final end of USA's hegemony (See: SCMP). Albeit, it is hard to see China not taking the lead regionally and globally in the future ...
