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    Russian Oil and Gas Industry: News

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    zg18

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    Re: Russian Oil and Gas Industry: News

    Post  zg18 on Sat Oct 08, 2016 3:51 am

    AlfaT8 wrote:
    Russia Joins the Shale Game After Building Own Technology Thanks to Sanctions

    Russia has made yet another technological breakthrough thanks to the Western sanctions: it has developed its own technologies for the exploration and production of hard to extract shale oil. This advance is even more significant given that the sanctions have stopped Russian oil companies from using western equipment.

    http://sputniknews.com/russia/20160831/1044818976/russia-shale-oil-technology.html

    Guys, what are your opinions with respects to Russia's shale industry, considering the damage fracking does to the surrounding environment especially ground water pollution, is it wise for Russia to even pursue this.


    Actually, Russia/USSR is/was pioneer in shale gas/oil extraction, the reason why never did go as far as Americans was simply bad economics of shale.
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    zg18

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    Re: Russian Oil and Gas Industry: News

    Post  zg18 on Sat Oct 08, 2016 3:57 am

    PapaDragon wrote:
    This article should be behind a paywall but thanks to busted flash plugin on my Ubuntu we get to read it scott free   thumbsup

    Also confirms what I said about Saudis being rogered. Someone could post bolded parts on The Other Place for sh*ts and giggles  Razz


    Don’t bet on Russia capping oil output

    Cost-efficient industry is coping well with weaker crude prices


    https://www.ft.com/content/8741742a-8643-11e6-8897-2359a58ac7a5

    Saudis made massive error when they listened to Kerry`s promises in 2014 to collapse oil price & de-facto destroy OPEC as a cartel, they are now forced to negotiate with Russia & Iran with their pants down.
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    higurashihougi

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    Re: Russian Oil and Gas Industry: News

    Post  higurashihougi on Wed Oct 26, 2016 3:53 pm

    Winter is comiiiiiiiiiiiiiiiiiiiiiinnnnnnnnnngggggg

    https://www.rt.com/business/364138-nord-stream-opal-russia-eu/

    Brussels has given the green light to Russia's Gazprom to pump more gas through the Opal pipeline, reports the Wall Street Journal. Opal is an important connection to Russia's Nord Stream pipeline to Germany and the Czech Republic.

    According to the media, under the agreement approved on Tuesday, Gazprom retains its 50 percent exclusive capacity, but will have to give up 10 to 20 percent of the remaining capacity to competitors. The remaining 30 to 40 percent will be available for auction, and Gazprom will be able to participate.

    Project Canada

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    Re: Russian Oil and Gas Industry: News

    Post  Project Canada on Wed Oct 26, 2016 5:20 pm

    higurashihougi wrote:Winter is comiiiiiiiiiiiiiiiiiiiiiinnnnnnnnnngggggg

    https://www.rt.com/business/364138-nord-stream-opal-russia-eu/

    Brussels has given the green light to Russia's Gazprom to pump more gas through the Opal pipeline, reports the Wall Street Journal. Opal is an important connection to Russia's Nord Stream pipeline to Germany and the Czech Republic.

    According to the media, under the agreement approved on Tuesday, Gazprom retains its 50 percent exclusive capacity, but will have to give up 10 to 20 percent of the remaining capacity to competitors. The remaining 30 to 40 percent will be available for auction, and Gazprom will be able to participate.

    I find it strange, from what I heard winter in Europe (western, central) is not as bad compared here in Canada, but everytime winter comes it sounds like too much of a big deal for them (like scrambling for energy / heat sources). I know someone who was from Kiev and said winters there on average is from Dec to Mar, much shorter than here in southern NB, and winters here are considered shorter than compared to lets Winnipeg. anyways, Canada seems to be coping fine, so i wonder why reports of approaching winter in Europe is kinda exaggerated? Just sharing my thoughts
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    higurashihougi

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    Re: Russian Oil and Gas Industry: News

    Post  higurashihougi on Thu Oct 27, 2016 1:35 pm

    Project Canada wrote:I find it strange, from what I heard winter in Europe (western, central) is not as bad compared here in Canada,  but everytime winter comes it sounds like too much of a big deal for them (like scrambling for energy / heat sources). I know someone who was from Kiev and said winters there on average is from Dec to Mar, much shorter than here in southern NB, and winters here are considered shorter than compared to lets Winnipeg. anyways, Canada seems to be coping fine, so i wonder why reports of approaching winter in Europe is kinda exaggerated? Just sharing my thoughts  

    I dunno much about Canada's energy industry, is Canada having a stable supply of oil/gas/alternative energy so that they don't have to worry much about winter ?
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    GarryB

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    Re: Russian Oil and Gas Industry: News

    Post  GarryB on Fri Oct 28, 2016 6:04 am

    With an aging population even here in New Zealand people will put the heater on if the temperature gets below 15 degrees C... if the central heating is gas powered or oil powered then you of course need a reliable supply.

    Most western countries have restrictions on the types of heating you have with the traditional log fire being often banned or restricted in use because of smoke pollution and the costs of electricity being high.

    Of course if global warming causes the gulf stream to change so warm water from the equator stops flowing up the atlantic near europe and, say, starts moving up the Pacific instead then Alaska or Japan might benefit from a much more mild climate and europe will get much colder.

    Sea currents have a lot to do with temperature on land... when the continent of Australia was further south and part of the continent of Antarctica the land mass reached from the south pole to near the equator. The sea flow around this land moved from polar areas to equatorial areas and the land mass had a moderate climate... the split and movement of australia north meant australia became a hot dry desert and antarctica became a frozen barren ice field.
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    higurashihougi

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    Re: Russian Oil and Gas Industry: News

    Post  higurashihougi on Sat Oct 29, 2016 10:24 am

    Or if the government manage to make use of released heat from thermal powerplant... then the requirement of gas and oil may be further reduced.

    Svyatoslavich

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    Re: Russian Oil and Gas Industry: News

    Post  Svyatoslavich on Sat Oct 29, 2016 4:18 pm

    higurashihougi wrote:Or if the government manage to make use of released heat from thermal powerplant... then the requirement of gas and oil may be further reduced.
    As far as I know, this is still widely used in Russia: hot stream is not released to the atmosphere after it is used to power the turbine, it is sent through thick wide tubes to be used as hot water. In the center of bigger cities the tubes are underground, but in smaller towns or in the suburbs you can see them.
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    JohninMK

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    Re: Russian Oil and Gas Industry: News

    Post  JohninMK on Tue Nov 22, 2016 2:25 pm

    Something smells here. The EU is either stringing Kiev or Moscow along. Has it nearly doubled Russia's capacity on the Opal pipe just to lull it into a false sense that the NordStream2 pipes are not needed, only at some point in the future to reduce Opal again?

    Gazprom is clearly trying to get itself into position going into negotiations with Kiev for any new post 2018/19 transit contract where it could walk away with little real impact.

    KIEV (Sputnik) — On Monday, Mingarelli held talks with Ukrainian Deputy Prime Minister Vladimir Kistion reiterating that cooperation in the energy sector had remained one of the main spheres in the cooperation between Kiev and Brussels during the past 25 years.

    The EU diplomat said on Monday that the European partners were closely monitoring the reforms of the Ukrainian energy sector, and would continue to exert the necessary efforts to ensure that Ukraine would remain an important partner in the issue of natural gas transportation, understanding Kiev's concerns about the recent Brussels' decisions regarding the main pipelines, according to Kistion's press service.

    The sides had also discussed the issue of the EU visa-free regime for Ukraine and the European diplomat agreed that Brussels would do its utmost to help the visa-free regime with Kiev become true to life, the press service of the Ukrainian official added.

    Despite the fact that the European Commission has consistently advocated for the gas transit through Ukraine, it has recently expanded the access of Russian energy giant Gazprom to the Opal pipeline. The Opal connects the Russia-initiated Nord Stream pipeline with Europe’s gas transportation network, up to 90 percent, preserving the last 10 percent as a reserve for the third countries.


    Read more: https://sputniknews.com/europe/201611221047692361-eu-ukraine-gas-transit/
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    Rmf

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    Re: Russian Oil and Gas Industry: News

    Post  Rmf on Tue Nov 22, 2016 2:49 pm

    no its not, there is summer gas supply and winter gas supply....in the winter is much bigger quantity.
    this way underused north stream (in summer) will be pumping at full capacity all year round , but during summer the gas will be stored in german storages ,and then they will release it to dumb east europeans with their transit tax during winter....
    So germany instead of paying transit taxes will get cheap gas directly from russia ,store extra of it in summer , use north stream 100% , and then sell gas to russophobic east-euro-idiots with its own transit tax for more profit. east europenas get shafted massively.
    marvellous Razz
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    JohninMK

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    Re: Russian Oil and Gas Industry: News

    Post  JohninMK on Tue Nov 22, 2016 5:42 pm

    Rmf wrote:no its not, there is summer gas supply and winter gas supply....in the winter is much bigger quantity.
    this way underused north stream (in summer) will be pumping at full capacity all year round , but during summer the gas will be stored in german storages ,and then they will release it to dumb east europeans with their transit tax during winter....
    So germany instead of paying transit taxes will get cheap gas directly from russia ,store extra of it in summer , use north stream 100% , and then sell gas to russophobic east-euro-idiots with its own transit tax for more profit. east europenas get shafted massively.
    marvellous Razz
    Not sure that makes sense.

    Nordstream1's 55BCM capacity splits two ways at Rostock, 20 to NEL to the west, including as far as us in the UK, and 35 to OPAL to the south.

    Due to EU rules, only 50% of the Opal pipe capacity was available to Gazprom's Russian gas all year round, the other 50% being reserved under competition rules for other sources. This of course was ridiculous as there were no actual alternatives. So now the EU has seen economic sense and Gazprom can use 90% with 10% for others that is an extra 14BCM.

    As you say, it is likely that at times in the winter Opal will run at full capacity as well as some of the summer when it is filling storage in Germany. Incidentally, an increasing amount of that storage has been bought by Gazprom from the Germans, so rather than Germany benefiting from selling that gas in the winter it will be Gazprom shareholders.

    Only Ukraine makes a point about buying 'non Russian' gas and that only stacks up economically due to them getting the transit fee to net against the reverse flow gas cost. To much of Eastern Europe it probably makes no difference which pipe from Russia their gas comes in on.

    There is possibly still 50+BCM running through Ukraine so OPAL can't cope on its own if Ukraine is to be bypassed, Russia needs South or Turkstream as well or Nordstream2 plus OPAL2 with increased capacity maybe all the way down to the main switching hub at Baumgarten in Austria.
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    Rmf

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    Re: Russian Oil and Gas Industry: News

    Post  Rmf on Tue Nov 22, 2016 7:32 pm

    thats the point , both sides control each other... russia has fixed investments in germany , so germany is not affraid to empty its storages of gas ,because now both sides have -leverage.
    even in the end of winter germany who has largest storage cappacity had 30% left in gas tanks for fear of russian cutbacks. north stream was underused and using opal russians will fill those storages during summer and empty to 0% at the end of winter. in case of prolonged winter old pipes can be used but little. but poland and ukraine get owned totaly.
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    George1

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    Re: Russian Oil and Gas Industry: News

    Post  George1 on Tue Jan 03, 2017 2:57 pm

    Russia increases oil production by 2.5% in 2016

    More:
    http://tass.com/economy/923680


    Gazprom breaks record for Nord Stream gas supplies

    More:
    http://tass.com/economy/923695
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    miketheterrible

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    Re: Russian Oil and Gas Industry: News

    Post  miketheterrible on Tue Jan 03, 2017 4:17 pm

    Russia also surpassed itself in petrol production in 2016 to 40M tons. Issue is, prices of petrol is still going up in Russia due to taxes. Currently average is 34 rubles/L.

    Then again, its over $1/L in Canada.
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    GarryB

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    Re: Russian Oil and Gas Industry: News

    Post  GarryB on Wed Jan 04, 2017 10:05 am

    It hovers at about $2 a litre here in NZ...
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    George1

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    Re: Russian Oil and Gas Industry: News

    Post  George1 on Thu Jan 19, 2017 12:51 pm

    NOVATEK’s shipyard construction is among Arctic priority projects

    The priority list contains 20 projects, which are of biggest importance for development of the Russian Arctic areas

    MURMANSK, January 19. /TASS/. The project of Russia’s NOVATEK, largest independent natural gas producer, to organize a construction center for large capacity modules is put on the list of priority projects, government of the Murmansk region said after this year’s first meeting of the project office for development of the Arctic’s benchmark zone on the Kola Peninsula.

    "At the meeting, the office members determined which projects are to be off the list, and which are to be put on the list," the government said. "Thus, NOVATEK’s project to make a center in the Belokamenka village was put on the list, like projects of the region’s biggest companies - Kola GMK (Kola Mining & Metallurgical Company) and Apatit (mining and processing enterprise, extracting mineral raw materials for chemicals and fertilizers)."

    The priority list contains 20 projects, which are of biggest importance for development of the Russian Arctic areas.

    NOVATEK’S plan is to build a specialized shipyard to produce unique sea facilities - concrete gravity platforms for LNG plants, drilling and extraction platforms for the Arctic offshore projects and other large structures. Earlier, the project received a status of a strategic investment project, thus offering the company special taxation benefits, which are estimated at more than 32 billion rubles ($532 million).

    In summer 2016, Russia organized a special project office to develop the Arctic area by forming benchmark zones there. The Murmansk region is a pilot project to form the Kola benchmark area. The project office features representatives of the federal and regional authorities, companies working in the Murmansk region, as well as scientific and research institutions.


    More:
    http://tass.com/economy/926013

    Project Canada

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    Re: Russian Oil and Gas Industry: News

    Post  Project Canada on Tue Feb 07, 2017 3:33 pm

    Russia’s dependence on imported oil and gas equipment drops to 53%

    http://tass.com/economy/929395
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    kvs

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    Re: Russian Oil and Gas Industry: News

    Post  kvs on Wed Feb 08, 2017 12:54 am

    Project Canada wrote:Russia’s dependence on imported oil and gas equipment drops to 53%

    http://tass.com/economy/929395

    I wish they profiled the imports. It is hard to tell how serious this dependence is. Gazprom has been doing its own fracking so obviously
    it has access to the fracking fluid formula and the associated pressurized pumping equipment. I can't see Russia need to import this.
    At the same time the computer related aspect can be handled by Russia as well. Russia has the scientific and mathematical depth to
    produce 3D tomography software and field probing equipment (e.g. blasting and sonar backscatter recorders).

    Perhaps there is equipment rental involved which makes economic sense. I can see such rental companies not being established in Russia.

    Austin

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    Re: Russian Oil and Gas Industry: News

    Post  Austin on Wed Mar 29, 2017 9:11 pm

    Russia’s offshore energy projects in the Arctic

    More:
    http://tass.com/economy/938067

    Reserves and production

    According to the Russian Energy Ministry, Russia’s recoverable oil and gas reserves in the Arctic currently stand at 260 billion tonnes of equivalent fuel, or 60% of Russia’s recoverable hydrocarbon reserves.
    In 2015 the science doyen of the Oil and Gas Geology and Geophysics Institute under the Siberian branch of the Russian Academy of Sciences, Aleksey Kontorovich, estimated Russia’s oil and gas reserves in the Arctic at 100 billion tonnes.

    In 2016, the Arctic produced nearly 90 million tonnes of oil (17% percent of Russia’s overall production) and nearly 500 billion cubic meters of oil and gas (80%). At the moment nearly all hydrocarbon reserves are extracted on the mainland. Of the total 350 oil fields there 60 are active. Nineteen oil and gas fields have been explored in Russia’s sector of the Arctic in the Barents and Kara seas. Commercial production is underway only at one of them - Prirazlomnoye. Exploration work is in progress at more than 40 offshore fields in the Barents and Kara seas and the Eastern Arctic.Investment into offshore oil and exploration in Russia in 2016 totaled 71.4 billion.

    Novak reveals huge Russia's hydrocarbon reserve


    http://vestnikkavkaza.net/news/Novak-reveals-huge-Russia-s-hydrocarbon-reserve.html
    Mar 27 - 12:05 pm

    Russian Energy Minister Alexander Novak said that the Arctic is a future of Russia's oil and gas production.

    "The Arctic shelf is a huge hydrocarbon reserve that possesses billions of tons of oil and tens of trillion cubic meters of gas," Sputnik cited the minister as saying.


    Novak said that Russia intends to increase its oil extraction and exploration on the Arctic shelf if the oil prices on the international market grow.

    According to him, the total value of energy resources concentrated in Russia's Arctic region exceeds $30 trillion.

    par far

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    Re: Russian Oil and Gas Industry: News

    Post  par far on Thu Mar 30, 2017 6:38 pm

    Austin wrote:Russia’s offshore energy projects in the Arctic

    More:
    http://tass.com/economy/938067

    Reserves and production

    According to the Russian Energy Ministry, Russia’s recoverable oil and gas reserves in the Arctic currently stand at 260 billion tonnes of equivalent fuel, or 60% of Russia’s recoverable hydrocarbon reserves.
    In 2015 the science doyen of the Oil and Gas Geology and Geophysics Institute under the Siberian branch of the Russian Academy of Sciences, Aleksey Kontorovich, estimated Russia’s oil and gas reserves in the Arctic at 100 billion tonnes.

    In 2016, the Arctic produced nearly 90 million tonnes of oil (17% percent of Russia’s overall production) and nearly 500 billion cubic meters of oil and gas (80%). At the moment nearly all hydrocarbon reserves are extracted on the mainland. Of the total 350 oil fields there 60 are active. Nineteen oil and gas fields have been explored in Russia’s sector of the Arctic in the Barents and Kara seas. Commercial production is underway only at one of them - Prirazlomnoye. Exploration work is in progress at more than 40 offshore fields in the Barents and Kara seas and the Eastern Arctic.Investment into offshore oil and exploration in Russia in 2016 totaled 71.4 billion.

    Novak reveals huge Russia's hydrocarbon reserve


    http://vestnikkavkaza.net/news/Novak-reveals-huge-Russia-s-hydrocarbon-reserve.html
    Mar 27 - 12:05 pm

    Russian Energy Minister Alexander Novak said that the Arctic is a future of Russia's oil and gas production.

    "The Arctic shelf is a huge hydrocarbon reserve that possesses billions of tons of oil and tens of trillion cubic meters of gas," Sputnik cited the minister as saying.


    Novak said that Russia intends to increase its oil extraction and exploration on the Arctic shelf if the oil prices on the international market grow.

    According to him, the total value of energy resources concentrated in Russia's Arctic region exceeds $30 trillion.


    Hopefully Russia secures as much as they can, Russia needs to step up, even more.
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    George1

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    Re: Russian Oil and Gas Industry: News

    Post  George1 on Wed Apr 05, 2017 11:52 pm

    Gazprom signs five-year contract on Uzbekistan's gas purchase

    More:
    http://tass.com/economy/939626

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    George1

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    Re: Russian Oil and Gas Industry: News

    Post  George1 on Thu Apr 06, 2017 5:48 pm

    Rosneft to receive first 600,000 barrels of Kurdistan’s oil

    MOSCOW, April 6. /TASS/. Russia’s oil major Rosneft will receive the first crude oil shipment from Iraqi Kurdistan amounting to 600,000 barrels this week, the company’s representative told TASS Thursday.

    "This week Rosneft will receive the first oil shipment from the Kurdistan Regional Government. The cargo amounting to 600,000 barrels will be shipped in the port of Trieste and delivered to Rosneft’s refinery assets in Germany through TAL [Transalpine Pipeline - TASS]," he said, adding that later Kurdistan’s oil will be refined in India.

    "As Rosneft is expanding its refinery network, the company plans to provide most efficient supplies to refineries," the source said. "We assume that Kudristan’s oil allows us to diversify sources of oil," he said, adding that the diversification of supplies helps hedge risks of overusing one source of oil. The structure of agreements with Kurdistan helps to mitigate Rosneft’s risks in force majeure circumstances, the company’s representative added.

    As reported earlier Rosneft and the Kurdistan Regional Government of Iraq signed an agreement on the sidelines of the IP week conference in London, which stipulates oil purchases by Russia’s top oil producer in the period between 2017 and 2019. The purchaser of crude will be Rosneft’s trading arm - Rosneft Trading SA.

    The contract was signed as part of the cooperation agreement between Rosneft and the Kurdistan Regional Government of Iraq in the fields of upstream, infrastructure, logistics and trading.

    According to Rosneft Chief executive officer Igor Sechin, the off-take and supply of Kurdish crude oil into Rosneft's expanding worldwide refining system will further contribute to the increase in its efficiency.


    More:
    http://tass.com/economy/939795
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    max steel

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    Re: Russian Oil and Gas Industry: News

    Post  max steel on Thu Apr 27, 2017 12:54 am

    Russia imports oil and gas equipments .

    Another Big Win for Russian Pipeline Politics in Europe: The controversial Nord Stream 2 pipeline reaches a new milestone


    A divisive Russian energy project dripping with geopolitical tension reached a major milestone this week. The Nord Stream 2 pipeline, which would pump natural gas from Russia into northern Europe, lined up financial backing from the western energy industry on Monday despite a barrage of protest from many European Union members fearful of Moscow’s hold on Europe’s energy supplies.

    Five European energy companies agreed to foot half the bill for the controversial $10.3 billion project: Austria’s OMV, France’s Engie, the Dutch-British group Royal Dutch Shell, and Germany’s Uniper and Wintershall. Russia’s state-owned gas giant Gazprom would pay for the remaining half, but retain control of the project.

    Coming after a spate of failed Russian pipeline initiatives, landing the financing represents a big step forward for Gazprom. It would allow Russia to continue shipping natural gas to the heart of Europe without having to pump it through Ukraine — enabling Russia to avoid a transit state that has given it headaches in the past, and with whom it is currently embroiled in a simmering conflict.

    “It’s a breakthrough,” Gazprom chief executive Alexei Miller told Reuters. “It’s a firm confirmation of foreign participation in the project, it’s an important financial basis for the project to be completed by the end of 2019.”

    With a capacity of 55 billion cubic meters of gas a year, the Nord Stream 2 pipeline would double the capacity of Russia’s gas connection to European energy markets through northern Germany. Gazprom is slated to begin construction in 2018 and complete the pipeline — running from Russia’s massive Bovanenkovo gas field near the Baltic coast to Greifswald, Germany — in 2019. Three Russian companies and one German company will supply the pipelines for the project.

    But Nord Stream faces strong legal and political headwinds at every turn, including suits Poland brought at the European Court of Justice. Poland and the Baltic states became outspoken opponents of the deal, saying it would allow Russia to tighten its energy noose around Europe and cut the gas flow from its pipelines that run through Ukraine. (Russian gas and oil still flows through Ukraine to Europe despite the two countries’ hostilities; both need the revenue).  lol1

    The five European energy firms first signed an agreement with Gazprom to financially back the project in September, 2015, but Poland blocked the bid.

    Gazprom’s pipeline that’s already online, Nord Stream 1, is currently only being used at half capacity, making some experts question the economic rationale — especially at a time of flat European demand for natural gas.

    “Nord Stream 2 is a diversionary pipeline, it’s being built to get rid of Ukraine,” said Sijbren de Jong, an energy expert with the Hague Institute for Strategic Studies.

    Yet other experts argue it’s a sound commercial decision, since it will ensure a steady flow of supplies with little transit risk to central Europe, and say that Nord Stream 1’s construction in 2012 didn’t turn out to be the geopolitical disaster some expected. Europe’s domestic gas production is expected to halve in the next two decades, and Gazprom needs to shore up its position in a market that still accounts for a massive chunk of its revenue.

    But Gazprom developed a nasty habit of using energy as a political cudgel. It charged different countries different prices for gas, and on scores of occasions since the fall of the Soviet Union cut off or threatened to cut off energy supplies to coerce neighbors.

    It cut off gas to Ukraine in 2006, the winter of 2008 to 2009, and most recently in 2015 as the Ukraine conflict flared up after Moscow’s illegal annexation of the Crimean peninsula.

    Gazprom may have won the latest battle with the help of the five European energy firms, but the war’s not over. Despite western dollars to back the project, Gazprom remains the sole shareholder of the pipeline, which means big legal concerns still abound, said de Jong. And Denmark, Sweden, and Finland, EU members whose water the pipeline would traverse, still have to greenlight the project’s construction, posing another potential hurdle.

    Earlier this year, the EU Commission determined EU energy laws didn’t apply to the offshore portion of Nord Stream 2. Brussels is hoping to hash out an agreement with Moscow on the project to mollify nervous EU members and defang any of Gazprom’s more nefarious geopolitical ambitions.

    But Poland and friends can carry on the fight. “The jury is still out on this one and member states can always end up suing the [EU] Commission if they don’t like the outcome,” de Jong said.


    Last edited by max steel on Thu Apr 27, 2017 1:07 am; edited 1 time in total
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    miketheterrible

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    Re: Russian Oil and Gas Industry: News

    Post  miketheterrible on Thu Apr 27, 2017 12:56 am

    No. Russia imports petrol. Which is stupid since they don't seem to produce enough of their own. So they import large amounts of it too. Maybe why they are constantly increasing the amount of new facilities.
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    kvs

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    Re: Russian Oil and Gas Industry: News

    Post  kvs on Thu Apr 27, 2017 10:48 pm

    http://www.customstoday.com.pk/russia-could-double-gasoline-exports-after-capacity-boost/

    Looks like somebody needs to update their information. Also, importing gasoline is dictated by economics such
    as regional transport costs. It is cheaper for Russia to export gasoline from the remote east to local markets
    instead of shipping it to the populated western part and instead of shipping to the western part imports from
    the EU are used. So imports can actually boost company revenues and do not reflect some sort of Russian inadequacy.

    Canada is a next exporter of oil, but the eastern part imports oil. Canada must be a failure.

    It is getting tiresome when all discussion about Russia is hyperbolic hysteria. No context is ever supplied
    in discussions, just polemics.

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