... crude and now net-back for other petroleum products. Again, the seven sisters preferred long-term contracts and also used modern concessional tools to account for socio-economic... ... jump on the bandwagon. I doubt that the US will be able to overtake Saudi Arabia and Russia as some reports argue by 2017-2020, but potentially we could see this giant becoming... ... Act. If we look at the statistics for manipulators, its frankly shocking. Cambridge Energy Research Associates (CERA) highlight that from 2008 there were no changes within...
... growth of 2.2%, with much of this growth being driven by China. LUKoil sees that for Russia this is not good news as it is yet to complete any big gas deals with China,... ... 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... ... contracts to be renegotiated more robustly. Lastly, Europe’s notorious Third Energy Package is set to split gas transmission and storage from commercial activities...
... spilled and many keys to be worn-down. For many, this phenomenon was of great interest naturally due to China’s huge size and its equally large potential; especially, in contrast to the economically and politically stagnating West. However, for Russia, this re-emergence plays an exceptional role which stirs much uncertainty and mistrust, as once this giant wipes of the rheum around its eyes and springs back full of energy, its only natural room to manoeuvre seems northwards. Even if the world does not tremble, Russia fears that at the least Eurasia will shake. As promised, this is the second post in this special series and once again I am joined by the Head of Oil ...
... about price discrimination of Coca-Cola, it’s a simple principle, if you do not like it, then do not buy it. In truth, the energy market prices represent so many components that it is even difficult to explain it by economic and political factors. However,... ... given time to evolve naturally.
Giant-Shtokman Gas Field - Will be Idle:
As Europe is proving to be a difficult market for Russia due to price liberalization, long-term contracts decline and oil-pegged prices rejection, the Shtokman field was postponed and its development was rejected,...
... 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.... ... official commitment to economic modernisation, on the one hand, and authoritarian consolidation, on the other hand.
Energy Calamity
It is argued by some that the Russo-European relationship has soured creating an anti-Russian stance. Has ...
... 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 ... ... 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 ...
... institutions I follow. Also, please feel free to leave a comment below!
March's Top News:
- Xi Jinping... 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 ... ... 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 ...
... consults companies on political risk in the region.
What are the main political, military and economic interests of the Russian Federation in Central Asia? Do these interests align or conflict with the regional interests and how have they affected ... .... So the Russian population in Central Asia is the key political interest of Russia, with the other interest being of course energy. The integrated transportation system for oil and gas, which existed since the Soviet period, still mainly runs through ...
... coal) or an event (Russo-Ukrainian Gas Price Dispute); all aimed at lowering prices for European consumers. But, recently Europe has shifted from shrewd trade to the reengineering of the energy sector, which does not account for industry realities or Russian and 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 debate amid long-term contracts and hub trading which is set to be introduced across Europe. An official justification is that Europe feels that gas is overpriced and ...
... await.
Krutikhin, M. (Partner, RusEnergy): The Price is Right?
As stated by M. Krutikhin, in the foreseeable future the energy sector will experience price turbulence. In regards to oil, official forecasts estimate that global output will stabilize ... ... been aiming to agree 10 year long contracts with the Middle East, aside from this being a double-standard as it tends to avoid Russian long-term contracts by saying short-term hub trading without a fixed price is the future, the issue remains that this is not a ...
