... breeze of economic prosperity across Asia, South America and even Africa, the global energy balance is tipping, particularly as the new economic frontiers are moving at... ... it ranks 11th. It is quite a remarkable rank considering that it is directly below Rosneft and near to 5th placed Gazprom. It shows that gigantomania is not key to success... ... 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...
... European market is quickly becoming less accessible raising the question: where to go? Aside, long-term diversification from energy export dependence, Russia has a relatively shorter-term option: to expand into Asia, but this option is far from easy and ... ... the tunnel seems nearer as Russian politicians have stepped into to resolve some of the issues. Also, TNK-BP acquisition by Rosneft naturally resolves some of the long-lasting disputes. As the below map illustrates the extent of underdevelopment is quite ...
... and vitally price was not set, which is obviously a serious concern (See: InterFax Energy). Additionally, Russia was unable to play-off Europe against China, due to the... ... (See: Reuters). However, on the brightside Gazprom agreed with China in regards to long-term contracts, thus allowing it to develop the riskier fields as export was more... ... discussed, as it cannot end up in a situation whereby it subsidies China.
- All Aboard Rosneft! TNK-BP Done Deal:
The deal between Rosneft, BP and AAR Consortium, for the...
