... economy, but it also helped in cutting down greenhouse gas emissions through the substitution of coal with the more eco-friendly natural gas. Nevertheless, low coal prices continue to make coal an attractive energy source for Germany, even nowadays.
The case ... ... that we should all learn from. The situation then is in many aspects similar of the current crisis – political tension, sanctions, and pressure from the US, just to name a few. Nevertheless, one way or another the crisis will be solved and leaders from Europe and Russia should acknowledge that the cooperation between Russia and European states is a natural one that should be encouraged and ...
... commercial cooperation between Russian and Western European companies in the energy sector has remained significant, despite the sanctions regime. Strong economic rationale seems to prevail over politics. The German-Russian relations have been the most prominent in the region and have long-existed under the mutual awareness of interdependence.... ... complexity of the relationship through swap deals and favorable transactions, which encompass the entire value-chain of the natural gas sector. The pinnacle of recent collaboration has been the initiation of the Nord Stream-2 project, which has the potential ...
....1%), France’s Total (20%), CNPC (20%), and China’s Silk Road Fund (9.9%). The project’s proven and probable natural gas reserves are estimated at 926 billion cubic meters. Yamal LNG will have three lines, each with a capacity of 5.5 million ... ... expected to become operational in 2017.
The major shareholder of Novatek, Gennady Timchenko, happens to be a close friend of Russia’s President Vladimir Putin. In 2014 Novatek was put on the US sanctions list, which forbid financing the company. This greatly endangered the realization of the company’s projects, most ...
