... allowing one to peek at the global energy landscape via the lens of a Russian oil major. As usual, I also add extra weblinks and interesting ... ... considering that it is directly below Rosneft and near to 5th placed Gazprom. It shows that gigantomania is not key to success as efficiency ... ... losing 26 places and ending up 57th due to the quickly changing European market. To add salt to the wound, Gazprom is now sandwiched ... ... 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 ...
... receive guaranteed profit in the middle of a recession for the next 25 years – is amazing. Without long-term contracts, Gazprom will find fundraising a lot more difficult and the sums of money needed is huge.
EU may Axe Algerian & Russian Long-Term Contracts:
No one knows for sure, but contracts can only be ended by a legal decision or arbitrage court. There are no precedents in continental Europe, but there were precedents in USA and Great Britain – however these are of Anglo-Saxon model so the positions are ...
... political theorist and a theologian. He is a lecturer in politics at the University of Kent and a visiting professor at the Institut d’Etudes Politiques de Lille (Sciences Po). His research concerns capitalism, religion, ethics, civil economy, European Union and wider Europe like Russia, Ukraine and Turkey. He is an Associate Editor of the journal TELOS and Fellow of the Centre of Theology and Philosophy. In 2012 Dr. Pabst was appointed a Trustee of the independent non-partisan think-tank ResPublica Trust where he works on alternative ...
... know me, would quickly recall my keen interest in the Renaissance's jack of all trades. However, on a serious note, Russia is facing perhaps one of the biggest challenges in the upcoming decade as its economy is overly dependent upon natural wealth, but our main European market is quickly becoming less accessible raising the question: where to go? Aside, long-term diversification from energy ... ... extraction and transport difficult. Key gas fields, like Kovykta, are isolated by taiga or encircled by canyons – these are not Gazprom friendly areas due to a lack of piping expertise. Besides technical issues, political factors have also strained development....
... deal is for 38 bcm of gas, which is less than anticipated 68 bcm 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 latters pressure. Russia hoped to supply both markets with its European gas fields, thus making its customers compete against each other (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 guaranteed. At first, I was sceptical about the deal due to the lack of a solid price and as talks with China (depending on where one starts) stretch 45 years - making ...
... them if they occur and what if sceptics are right?
«Oil and Gas Dialogue: Russian Gas in the European Market» Joint International Forum held at IMEMO RAN conference hall on... ... peculiarly even its own interests as it is undermining its own energy security.
Long-Term Contracts a No-No:
An area of contention stimulating uncertainty is the... ... super-natural profits are recorded by the Russian gas monopoly. At IMEMO RAN Sergei Komlev, Gazprom Export Head of Department for gas Contracts and Pricing, “rebuffs the...
