..., Russia and the MENA hydrocarbon exporters face the common challenge of the global energy revolution. Joint preparation for this inevitability in the future may turn out to be no less important than reaching agreements on oil extraction quotas in the OPEC+ format.
The report describes the problems of asymmetry in relations between the countries of the MENA and China. Russia could turn out to be quite a good actor, offering its partners in the region...
... fossil fuels, mineral fuels and renewables) with net exports of 736 Mtoe (million tons of oil equivalent) by 2035. As even though others will produce a lot of oil and gas, they will not be able to export as much due to domestic needs, etc. As a result, Russia’s net exports will meet 4.2% of world’s energy demand in 2035, which will be sent to Europe (still world’s largest importer of natural gas) and China (world’s largest oil importer).
Oil production will be dominated by USA, Saudi Arabia and Russia, with well over a third of global liquids coming from these three powers. At a rate of 11 Mb/d by 2035 Russia will only trail Saudi Arabia and the US. BP anticipates that ...
... nor that they are immoral (as it is trendy to bicker online), as in reality they have little choice and China anxiously needs oil as the memory of early 2000s energy famish is still fresh. Basically, China cannot trade with OPEC smoothly as it does not give special treatment via some sort of guaranteed quotas and rivalry is fierce from traditional majors who have cemented their place over the past century. Moreover, Russia opposes equity investment and it is not corrupt to an extent that it sells major assets, nor can China engage Europe or ...
... believe exporting gas will damage the domestic economy via high prices. Interestingly, USA’s natural conventional gas production will actually fall steadily, which may raise worries if the unconventional gas is actually overvalued. 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 it has already begun to import relevant technologies. However, the lack of gas infrastructure and limited water resources will make gas relatively ...
... work), Central Asia has completely moved towards the Chinese market and we ought to blame the squabbling between the EU and Russia over gas matters, as whilst these were ongoing the gas/oil potential of Central Asia was lured towards China. As we are currently seeing the infrastructure is being reversed away from Europe to Asia, yet again underlining that EU's actions were once again detrimental to its energy security with an additional cost of diminished relations with Russia.
Russia's Uncertain Footing and China's ...
Euro-Russian relations have strained over the recent years in energy matters as certain vested interests shifted perceptions into the realm of what ... ... and domestic challenges will be discussed. In this post I am joined by the Head of Oil and Gas at the Energy Research Institute of the Russian Academy of Sciences, Dr... ... Dr. Tatiana Mitrova, whereas in the subsequent second post, coming later, we look at China-Russia.
Europe-Russia ‘Special Deal Severed’:
In normal...
... religion, ethics, civil economy, European Union and wider Europe like Russia, Ukraine and Turkey. He is an Associate Editor of the journal ... ... system, its agents, or other factors?
The continuous eurozone turmoil provides a microcosm for the wider global economy. It has variously ... ... West and instead go East – as soaring trade levels with China already foreshadow.
However, Russia remains a European ... ... and authoritarian consolidation, on the other hand.
Energy Calamity
It is argued by some that the Russo-European ...
... amounts of energy: to create $1 of 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 ...
... for its economic miracle, especially in respect to oil (See: BruneiTimes). Oil discussions were a success, as Rosneft and CNPC signed several agreements; including first ever Arctic joint-venture for an Asian country (See: Bloomberg). Alexander Novak, Russia's Energy Minister, said Rosneft will send an extra 2 million tonnes of oil to China along ESPO oil pipeline in 2014, and will gradually increase such shipments to 15 million tonnes by 2018; which is huge news for players involved (See: Interfax). Due to these deals China will overtake Germany as a top destination for Russian oil....
Alongside my typical journalistic duties at ‘Oil & Gas Eurasia Magazine’, I tend to daily scan both Russian and Western media outlets, news stands, twitter profiles, oil companies press ... ... releases and alike - for major news, interesting articles and possible leads within the energy industry. Today, I want to share with you some of the findings in a liberal leaning... ... 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...
