A New Era of Oil Abundance?
From 2014 to 2015, the price of oil fell.
The Political and Commercial Dynamics of Russia's Gas Export Strategy
A wide-ranging look at the way Gazprom interacts with an increasingly challenging global gas market for Russia.
Russia’s New Energy Alliances: Mythology versus Reality
This brief paper analyzes the energy relations between Russia and its “new” energy partnerships – with China and Turkey – that the Kremlin tends to publicly promote as an alternative to energy relations with the West.
East-Mediterranean Gas potential: Opportunities and Barriers
A report released by Insight_e, the European energy consortium specialised on energy policy research and analysis
Lead authors: Constantinos Taliotis (KTH) and Maïté de Boncourt (Ifri), Authoring team: Kimon Keramidas (Enerdata), Reviewer: Paul Deane (UCC)
Oil and Gas in Eastern Africa: Current Developments and Future Perspectives
The position of oil companies toward East Africa has changed considerably since 2006 when the first reserves in Uganda came to light. However, for many investors interested in the region, it remains difficult to get a clear picture of the scale of developments of this sector.
The US Shale Oil Revolution: The Test of the Business Model is Underway
Since 2010, the United States has been undergoing a second shale revolution with the very rapid development of Light Tight Oil (LTO) or shale oil, following the revolution in shale gas. This development has allowed the production of oil and liquids to increase, so that the US is the world’s largest producer today, ahead of Saudi Arabia and Russia.
Gas Strategy of China: Developing competion between national production and imports
The Chinese gas market is facing four key challenges and the government is elaborating responses which will have implications for the Chinese and world energy markets:
Gazprom in Europe: a Business Doomed to Fail?
The construction of what is nowadays called European energy policy is an ongoing process that officially started with the creation of the European Coal and Steel Community in 1951, and has not yet been entirely finalized. It took several decades to move from a Community composed of six countries to a policy – not fully fledged – intended to strengthen as much as possible cohesion between 28 EU member states in the energy sector.
Raising the Costs to President Putin
-by building dissonance within. Some like to remember fondly the call by Ronald Reagan for Gorbachev “to tear down this wall”. The United States “Won the Cold War” said George Bush Senior in his State of the Union Address. We need to step back and recognize with some humility that the Soviet Union fell largely of its own weight rather than as a result of external pressure. Again today Russia is economically weak. It has become an exporter of raw materials, its industrial sector is weak, and its revenues are already falling. Conditions now offer the opportunity to aggravate Russia’s economic frailty – let’s focus on that.
Middle East Oil and Gas Producers: Soon to Be Back in the Lead?
The World Energy Outlook 2013 published by the IEA confirms that despite the rise of unconventional fuels in particular in the US, Middle East will by the mid-2020s retake its place as the world major oil and gas supplier, providing most of the increase in global supplies. Well, there are some big ifs.
The EU's Major Electricity and Gas Utilities since Market Liberalization
A major change has taken place in the company structure of the European electricity and gas markets. Twenty years ago, national or regional monopolies dominated the markets and there was strictly no competition between utilities. But since the liberalization of EU energy markets began in the 1990s, companies like E.ON, GDF Suez, EDF, Enel, and RWE have become European giants with activities in a large number of Member States.
An Azeri-Turkish deal on gas - a partnership renewed
The package of the Azeri-Turkish gas agreements signed in Istanbul on June 7, 2010, in the presence of President Ilham Aliyev and Prime Minister Recep Erdogan certainly makes cooperation easier in a sector which both parties consider to be strategic. It does not, however, specify all details of the sale and transit of gas (see e.g. EurasiaNet, 7 June). The documents above all have important political significance.
Russian Gas Diplomacy
Thank goodness our early warning systems during the cold war were not structured so we could see the flash at the same time we heard the warning. On Monday, the Russians notified the Europeans under an “Early Warning” agreement negotiated after the last Ukrainian gas cutoff that they had already cut gas flows to Belarus by 15% and that would increase cuts to 85% by the end of the week. Not very good news for the Belarusians who enjoy the most gasified economy in the world - everything there runs on gas.
A Smiling Medveded
In Denmark last Tuesday, President Medvedev said he had a smiling face for the world. Not surprising. The deal he is reported to have done with President Yanukovitch should bring smiles to many Russian faces - mostly in the Kremlin. However, it is unlikely that the President’s namesake in Gazprom, Alexandre Medvedev is smiling because his company’s interests have once again been subordinated to Russia’s foreign policy agenda.
Energy Security, Transnational Pipelines and China's Role in Asia
In recent decades, China's transformation from a regional energy supplier to one of the world's largest net energy importers, in particular with regards to oil and gas, has led to an increasing sense of energy insecurity in Chinese policy circles. Guaranteeing adequate supplies of energy to fuel economic growth is a central element in Beijing's efforts to maintain legitimacy in the face of economic reform and transformation. To combat energy insecurity a number of initiatives are being undertaken to diversify energy inputs, suppliers, and the means of their transport.
Who Needs OPEC - Russia steps up to the Plate ?
News that Conoco will sell off a significant portion of its Russian holdings is couched in terms of various corporate strategies that make all this perfectly normal. Conoco is said to need cash and will anyway have a 10% share remaining in Lukoil that will provide them some degree of influence in corporate decisions.
Security of Supply Is Indivisible
The European gas market has an unusually large number of moving parts just now. Demand forecasts are buffeted by announcements of great expectations in de-carbonizing the energy mix, differing expectations on the longer term economic growth path and a range of assessments on how soon Europe will recover from the economic recession.
Ukraine - A Transit Country in Deadlock? Four Scenarios
Should we consider Ukraine a transit country in deadlock, and reduce its energy role just to that of a transit country? Definitely not, because Ukraine is at once a large gas consumer and producer, and possesses massive storage capacity. But the economic and political situation of the country is alarming, even without considering the possibility of another gas crisis Without such a crisis, however, the event of Ukrainian bankruptcy would attract less broad international attention simply because it would not have direct impact on European gas consumers.
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