Key points of Russian energy strategy up to 2030 between Europe and Asia
|
|
- Daniel Mills
- 7 years ago
- Views:
Transcription
1 Key points of Russian energy strategy up to 2030 between Europe and Asia Dr. Alexey Gromov Deputy General Director Institute for Energy Strategy Moscow, Russia The future of the global gas market: an EU-Russian perspective Brainstorming workshop Milan, 30 september 1 October, 2010
2 Energy Strategy 2030 in the System of Documents of the Strategic Development Conception of the long-term development of the Russian Federation for the year 2020 ES-2030 Long-term forecast of the development of Russian economy for the years General scheme of development of the gas industry for the year 2030 General scheme of allocation of power generating facilities for the year 2020 General scheme of development of the oil industry for the year 2030 State program of energy saving Eastern Gas Program Conception of the state program for exploration and exploitation of the continental shelf of the Russian Federation Program of long- term development of the fuel and energy complex of the Russian Far East Strategy of development of the power generation in the Russian Far East Investment programs of energy companies 2
3 ENERGY STRATEGY 2030 approved by decree N 1715-r of the Government of t he Russian Federation of ST STAGE 2 ND STAGE 3 RD STAGE Overcoming the crisis in the Economy and Energy sector Modernization of Energy sector Increase of power efficiency and energy saving in the Economy and Energy sector Innovative development of Energy sector New oil and gas fields development (Arctic shelf, Eastern Siberia and the Far East) Highly effective use of traditional power resources Switch to the Energy of the Future Growth of national economy and quality of life of the population 2
4 Foreign energy policy and ES-2030 targets: Eastern and Western vectors Western Vector (European Market) Eastern Vector (Asian-Pacific Market) Russian Gas Export, 2009 Russian Gas Export, 2030 (projected) - EU market is essential for Russian gas export (75%) - Western Vector accounts for 96% of Russian gas export (EU + other Europe) - Russia seeks for export diversification - Russia promotes eastern vector of energy export 3
5 Eastern Vector for Russian Energy Policy 4
6 EASTERN VECTOR IN ES-2030: NEW SIDES OF OLD TASK Road Map of implementation of ES-2030 : Eastern vector Eastern vector task 19 «Increase in the share of the Asia-Pacific countries in the structure of the Russian energy export to 16 17%» task 10 «Implementation of a complex of program measures for petrochemistry and gas-chemistry development in the Eastern Siberia and Far East» task 17 «Extended reproduction and attraction of human resources for development of new areas of the Eastern Siberia and Far East» Key initiatives in the Russian energy sector: Energy infrastructure: development and diversification Development of oil and gas complexes in Eastern regions of Russia Exploitation of the oil and gas potential of the Northern regions of Russia and Arctic shelf Non-fuel energy Energy saving Eastern vector ESPO pipeline, Eastern Gas Program, petro- and gas-chemistry development Sakalin, Yakutia, Magadan, Irkutsk and Krasnoyarsk regions Shelf of the East Arctic, reanimation of the Northern Sea Way Large-scale development of hydro energy and renewables Modernization of electric power and heat supply systems in the Region 5
7 THE EAST IS A KEY DIRECTION OF DIVERSIFICATION OF THE RUSSIAN EXPORT Forecast of gas export Gas export in Asia-Pacific region, % of total export bcm , , , st Stage 2nd Stage 3rd Stage Europe Asia-Pacific итого 6
8 KEY PROJECTS IN THE EASTERN SIBERIA AND THE FAR EAST Eastern Gas Program Natural gas Export to China Sakhalin development LNG Projects in Sakhalin 7
9 FIRST RESULTS OF ES-2030: CAREFUL OPTIMISM Strategic Indicator for the first stage of ES-2030 ( ) Share of Eastern Siberia and the Far East in gas production 2% 3,7% 7-8% LNG share in gas export 0% 3,5% 4-5% Share of the countries of the Asia- Pacific Region in the structure of gas export 0% 3,5% 11-12% 8
10 Western Vector for Russian Energy Policy 9
11 WESTERN VECTOR IN ES-2030: KEY PROJECTS & GOALS Nord Stream (started in April 2010) task 19 Increase the Russian gas export to European market 160 bcm in bcm in target bcm task 21 Promote the gas pricing system in Europe, including both longterm and spot contracts task Bilateral investment in gas projects South Stream (projected) Shtokman (projected) 10
12 DISTURBING RESULTS OF 2009 ON EUROPEAN GAS MARKET 664,9 12% млрд куб. м ,9 583,6 млрд. куб. м ,4 168,3 158,4 24% , годы Экспорт Export в to дальнее Europe зарубежье Экспорт, Export всего (total) Добыча Gas production газа в РФ, (Russia) всего В Gas т.ч. production Группа Газпром (GAZPROM) Gas production has fallen to level of 2000 Gas export to Europe was reduced to a quarter 11
13 LONG-TERM EXPORT DYNAMICS & REASONS Composition of EU gas import Source: EEGA Factors of decrease in export expectations Europe: Competition growth (LNG, new pipelines) Pricing change (spot market vs. long-term contracts) Renewables & energy efficiency Geopolitics (Nabucco, anti-gazprom rules in 3rd Gas Directive etc.) Price situation in 2009 Russian gas (long-term contracts, Europe) Price, USD/bcm 288 LNG (US, Henry Hub) 147 LNG (Great Britain, NBP) 142 LNG (Japan, Korea) 260 LNG (Chine)
14 Conclusions 9
15 EXPORT EXPECTATIONS VS. REALITY bcm Russian Gas Export forecast up to period Factors of decrease in export expectations Europe: Competition growth % US: refuse of future Russian LNG (the boom of shale gas production) Asia-Pacific: competition growth (Central Asia) (факт) 2009 (факт) Прогноз экспорта российского газа (верхний уровень по ЭС-2030) Russian gas export forecast (high level from ES-2030) Russian gas export forecast (low level from ES-2030) Russian gas export forecast (IES expectations) Прогноз экспорта российского газа (нижний уровень по ЭС-2030) Прогноз экспорта российского газа (ожидания ГУ ИЭС) Risk of decrease in export on % 13
16 BALANCING EASTERN AND WESTERN VECTORS: TASKS FOR RUSSIAN ENERGY POLICY From export orientation to the domestic market Cost reduction in Russian natural gas industry Revision of investment projects - Selection of priority projects among declared in ES Refusal of a number of ineffective projects-giants (the Southern stream, etc.) Flexibility of gas export policy - Revision of pricing system in long-term contracts of Gazprom - Flexibility increase in mutual relations with Ukraine and Central Asia 14
17 ISSUES FOR RUSSIA EU RELATIONSHIPS - EU gas market forecast - EU secure demand for Russian natural gas - The real need for new pipeline project in relation to future demand - The transit problem & politics toward Ukraine & Belarus - 3rg Gas Directive & Regulative issues - Bilateral investment in gas fields, pipelines, and marketing 14
18 Thank you for your attention! 15
Energi och gas ivår omvarld. Thina Margrethe Saltvedt, Chief Analyst Macro/Oil (Ph. D.) April 2014 @ThinaSaltvedt
Energi och gas ivår omvarld Thina Margrethe Saltvedt, Chief Analyst Macro/Oil (Ph. D.) April 2014 @ThinaSaltvedt US shale gas soon aiming for new markets higher oil and natural gas prices Shale formations
More informationRussia s gas sector and gas export developments. Marc-Antoine Eyl-Mazzega June 2015
Russia s gas sector and gas export developments Marc-Antoine Eyl-Mazzega June 215 IEA: 29 Members, worldwide engagement IEA member countries Accession country Key Partner countries Countries co-operating
More informationEuropean Strategies on Gas Supply Security
European Strategies on Gas Supply Security Koji Fujishima * Summary European countries employ different strategies on gas supply security depending on the time scale: while their short-term strategies
More informationAnne Sophie CORBEAU International Energy Agency GEP AFTP 12Janvier 2012
World Energy Outlook Russie et Energie Anne Sophie CORBEAU International Energy Agency GEP AFTP 12Janvier 2012 Emerging economies continue todrive global energy demand Mtoe 4 500 4 000 3 500 3 000 2 500
More informationEnergy efficiency is a priority for the Russian Federation in its energy policy
Energy efficiency is a priority for the Russian Federation in its energy policy Mikhail Soloviev Geneva, 7-9 October 2009 Purpose and Principles of Government Energy Policy Purpose: most efficient use
More informationHow To Predict The Long Term Demand And Supply Of Natural Gas In Europe
17 th INTERNATIONAL CONFERENCE & EXHIBITION ON 17 th INTERNATIONAL CONFERENCE & EXHIBITION LIQUEFIED NATURAL GAS (LNG 17) ON LIQUEFIED NATURAL GAS (LNG 17) Competition pipeline gas vs LNG in Europe
More informationGas markets and supplies from the former I Soviet Union area. IEA 2013 Energy Training Week Marc-Antoine Eyl-Mazzega Russia Programme Manager
Gas markets and supplies from the former I Soviet Union area IEA 2013 Energy Training Week Marc-Antoine Eyl-Mazzega Russia Programme Manager Outline 1. Russia: energy sector transformation Gas market snapshot
More informationNATURAL GAS: CHANGING THE MIDDLE EAST ENERGY LANDSCAPE. Malcolm Brinded EXECUTIVE DIRECTOR, UPSTREAM INTERNATIONAL
NATURAL GAS: CHANGING THE MIDDLE EAST ENERGY LANDSCAPE Malcolm Brinded EXECUTIVE DIRECTOR, UPSTREAM INTERNATIONAL 1 KUWAIT: UNLOCKING JURASSIC GAS FIELDS 2 THE MIDDLE EAST GAS PUZZLE Middle East has 40%
More informationINSTITUTE FOR ENERGY AND FINANCE Russia in the Eurasian gas supply: the need for competitive advantages Vitaly Protasov 1
Russia in the Eurasian gas supply: the need for competitive advantages Vitaly Protasov 1 Current market position of Russian gas in Eurasia Russian share in the EU gas market fell from 63% in 1991 to 39%
More informationЭнергетическая политика
РГАСНТИ 06.71.03 Энергетическая политика ENERGY STRATEGY of RUSSIA ГУ ИЭС FOR THE PERIOD UP TO 2030 moscow 2010 Ministry of Energy of the Russian Federation ENERGY STRATEGY of RUSSIA FOR THE PERIOD UP
More informationTURKISH GAS NETWORK & PIPELINES RECENT DEVELOPMENTS
TURKISH GAS NETWORK & PIPELINES RECENT DEVELOPMENTS Öztürk SELVITOP Head of Department 4 th GAS FORUM 10-11 11 September 2009 Ljubljana - SLOVENIA Strategies in the Energy Sector Major Aspects Exploration
More informationARCTIC OIL & GAS CHALLENGES AND OPPORTUNITIES UNIS, LONGYEARBYEN, APRIL 12TH, 2016
ARCTIC OIL & GAS CHALLENGES AND OPPORTUNITIES UNIS, LONGYEARBYEN, APRIL 12TH, 2016 BENGT LIE HANSEN, BLH ENERGY CONSULTING, CHAIRMAN ATT FORMER SENIOR VICE PRESIDENT HYDRO AND PRESIDENT STATOIL RUSSIA,
More informationPress Conference Background: GAS EXPORTS AND ENHANCING RELIABILITY OF GAS SUPPLY TO EUROPE. June 24, 2009 GAS EXPORTS
Press Conference Background: GAS EXPORTS AND ENHANCING RELIABILITY OF GAS SUPPLY TO EUROPE June 24, 2009 GAS EXPORTS As estimated by CEDIGAZ, the International Association for Natural Gas, in 2008 global
More informationOAO Gazprom Gas Supply to the Domestic Market. Electronic Trading Platform Operation. Russian Regions Gasification Program Execution
OAO Gazprom Gas Supply to the Domestic Market. Electronic Trading Platform Operation. Russian Regions Gasification Program Execution Kirill G. Seleznev, Member of the Gazprom Management Committee, Head
More informationEnergy security in the EU through an Energy Union
Energy security in the EU through an Energy Union Fabio Genoese Madrid, 19 January 2015 Thinking ahead for Europe Centre for European Policy Studies (CEPS) www.ceps.eu Key messages 1. Reduce the fragmentation
More informationNord Stream 2 and the Security of Gas Supplies in the Energy Union
Nord Stream 2 and the Security of Gas Supplies in the Energy Union 22 February 2016, Berlin Adam Janczak Deputy Director of the EU Economic Department Polish Ministry of Foreign Affairs State of play /
More informationLinks Between Economic Growth and Energy Consumption in Russia
Links Between Economic Growth and Energy Consumption in Russia Pekka Sutela 16 October 2009 www.bof.fi/bofit Energy Saving and Energy Efficiency at the Forefront Energy efficiency is such a topical and
More informationThe Evolution of the Gas Industry: The Impact on Infrastructure Investments. Daniele De Giovanni SVP Supply Portfolio Development eni Gas & Power
The Evolution of the Gas Industry: The Impact on Infrastructure Investments Daniele De Giovanni SVP Supply Portfolio Development eni Gas & Power 1 Index The role of infrastructure investments in the European
More informationOutlook for the Natural Gas Industry
Outlook for the Natural Gas Industry World consumption of natural gas continued to climb in 2007, but with significant variations depending on the geographical region. The market is expected to keep growing
More informationMaintaining the Balance within the Energy Triangle and between its Three Objectives
Emerging Energy Security Challenges and Europe Central European Energy Conference (CEEC): EU Energy Policy and Energy Security of Central Europe VII The North-South Energy Corridor and Emerging Regional
More informationElectricity & Gas Energy & Energy Services
Electricity & Gas Energy & Energy Services International Development Executive Training Programme for Young Energy Leaders Energy Charter Secretariat Brussels 29 October 2013 César Ortiz Sotelo Deputy
More informationOVERVIEW OF GAS SUPPLY TO EUROPE. Andrew Potter World Bioenergy Association
OVERVIEW OF GAS SUPPLY TO EUROPE Andrew Potter World Bioenergy Association EU Gas Consumption 1965-2007 In 2011 natural gas covered 24% of the primary energy supply in EU 27. The total primary energy demand
More informationIs fracking cracking the renewable industry? How big a threat is shale gas to renewables?
Is fracking cracking the renewable industry? How big a threat is shale gas to renewables? Infrastructure Investor: Renewable Energy Forum 2012 London, 30 th October 2012 Dragoș Tâlvescu on behalf Karen
More informationDer europäische Energiemarkt im Einfluss globaler Entwicklungen Auswirkungen unkoordinierter, regionaler Energiestrategien
Der europäische Energiemarkt im Einfluss globaler Entwicklungen Auswirkungen unkoordinierter, regionaler Energiestrategien DI Dr.techn. Christian Panzer Wien Energie Unternehmensentwicklung Web: http://wienenergie.at
More informationCanada s Energy Sector in a Changing Global Market. Kristi Varangu Director, International Energy Division March 10, 2014
Canada s Energy Sector in a Changing Global Market Kristi Varangu Director, International Energy Division March 10, 2014 2 Purpose Illustrate the profound changes that are taking place in global and North
More informationLNG bunkering market perspectives, challenges and trends
LNG bunkering market perspectives, challenges and trends Moscow 31 March 2015 Sergiu Maznic Full-picture perspective Sund Energy helps navigate into the energy future Energy Economics Environment Learning
More informationINTERNATIONAL SCIENTIFIC AND EDUCATIONAL CENTER «ARCTIC»
SCHOOL OF EGINEERING INTERNATIONAL SCIENTIFIC AND EDUCATIONAL CENTER «ARCTIC» «ICE MECHANICS» ANNUAL INTERNATIONAL WINTER COURSE VLADIVOSTOK RUSSIA RUSSIAN FAR EASTERN RESEARCH SCHOOL OF MARINE ENGINEERING
More informationRussia: energy market developments. Marc-Antoine Eyl-Mazzega Russia Programme Manager Paris, 16 December 2014
Russia: energy market developments Marc-Antoine Eyl-Mazzega Russia Programme Manager Paris, 16 December 2014 IEA: 29 Members, worldwide engagement IEA member countries Accession countries Key Partner countries
More informationINDUSTRY INSIGHT OIL & GAS. A Quiet Revolution in Central and Eastern Europe. September 2015. Gas prices start to converge across the continent
INDUSTRY INSIGHT OIL & GAS September 2015 A Quiet Revolution in Central and Eastern Europe Gas prices start to converge across the continent Summary Much of the recent focus of the gas industry in Europe
More informationLNG Poised to Significantly Increase its Share of Global Gas Market David Wood February 2004 Petroleum Review p.38-39
LNG Poised to Significantly Increase its Share of Global Gas Market David Wood February 2004 Petroleum Review p.38-39 For the past few years LNG has experienced high levels of activity and investment in
More informationTHE EU GAS SUPPLY ENVIRONMENT. An Obstacle to Competition? Dick de Jong, CIEP February 2007
THE EU GAS SUPPLY ENVIRONMENT An Obstacle to Competition? Dick de Jong, CIEP February 2007 Today s Market:Some Observations High gas prices should attract new supplies. Sellers market does not help competition
More informationOIL AND US FOREIGN POLICY. David S. Painter Department of History Edmund A. Walsh School of Foreign Service Georgetown University
OIL AND US FOREIGN POLICY David S. Painter Department of History Edmund A. Walsh School of Foreign Service Georgetown University HISTORY AS A WAY OF LEARNING Importance of Studying the Past: Context for
More informationGlobal growth rates Macroeconomic indicators CEDIGAZ Reference Scenario
Medium and Long Term Natural Gas Outlook CEDIGAZ February 215 Global growth rates Macroeconomic indicators CEDIGAZ Reference Scenario 4 3 %/year 199-213 213-235 6 Main consuming markets - %/year (213-235)
More informationI trend odierni nei mercati oil & gas
Daslav Brkic Vice President Business Development BU Engineering and Construction Saipem San Donato M.se, 15 maggio 2012 P120515 Big Challenges, Big Opportunities We will need courage, energy, vision 2
More informationGEOPOLITICS OF ENERGY AND ENERGY SECURITY A EUROPEAN PERSPECTIVE
GEOPOLITICS OF ENERGY AND ENERGY SECURITY A EUROPEAN PERSPECTIVE Jean-Paul Decaestecker Council of the European Union Energy Foresight Symposium 2007 BERGEN, 22-23 March 2007 EFS 2007 The views expressed
More informationPreparing for Changes in Market Design
Preparing for Changes in Market Design EMART Conference Didier Lebout, Strategy and Development Director Gazprom Marketing and Trading France Amsterdam, 21 November 2012 In this presentation GM&T Ltd:
More informationThe Commercial and Political Logic for the Altai Pipeline
December 2014 The Commercial and Political Logic for the Altai Pipeline OXFORD ENERGY COMMENT James Henderson Introduction During President Putin s visit to Beijing in November 2014 Gazprom and CNPC signed
More informationRussian Gas and European Energy Security : Beyond Clichés
Russian Gas and European Energy Security : Beyond Clichés World Energy Council Workshop Energy Vulnerabilities in Europe Didier Lebout, Strategy and Development Director Gazprom Marketing and Trading France
More informationLNG terminal project in Lithuania November, 2012
LNG terminal project in Lithuania November, 2012 Areas of activities Klaipedos nafta Oil transshipment terminal LNG Terminal Klaipėdos Nafta 2 LNG Terminal Project - Background The necessity to have an
More informationCONNECTING CASPIAN GAS TO EUROPE: NO LARGE SCALE INFRASTRUCTURE DEVELOPMENT IN NEAR FUTURE
CONNECTING CASPIAN GAS TO EUROPE: NO LARGE SCALE INFRASTRUCTURE DEVELOPMENT IN NEAR FUTURE There is enough natural gas in Caspian region to justify construction of the major pipelines and other elements
More informationUNECE Energy Week Geneva. in Energy Security
UNECE Energy Week Geneva Investing in Energy Security Committee on Sustainable Energy and related Meetings Wednesday 28 November 2007 Special Session: Investing in and Financing the Hydrocarbon Sector
More informationChanging Landscape of LNG Business in the APEC Region
Changing Landscape of LNG Business in the APEC Region APEC Workshop on APEC Energy Future Ulsan, Korea 22 August 2005 Yonghun Jung, Ph.D Vice President Asia Pacific Energy Research Centre, Tokyo Table
More informationTHE GROWING GLOBAL MARKET OF LNG
THE GROWING GLOBAL MARKET OF LNG ISSUES & CHALLENGES Dr Naji Abi-Aad April 2013 The Growing Global Market of LNG Outline Characteristics of Liquefied Natural Gas (LNG) & its Trade Increasing Volumes of
More informationOil and Gas Prices. Oil and Gas Investor Summit London 17th-18th June 2014
Oil and Gas Prices Oil and Gas Investor Summit London 17th-18th June 2014 Oil Price Drowning in oil Economist, March 1999 $10 oil might actually be too optimistic. We may be heading for $5. Crude touches
More informationEnergy in the contemporary world and international energy policy. Stanislav Zhiznin
Energy in the contemporary world and international energy policy Stanislav Zhiznin RUSSIAN ENERGY DIPLOMACY AND INTERNATIONAL ENERGY SECURITY (GEOPOLITICS AND ECONOMICS) This article considers national
More informationKjell Aleklett. Bergen 2012-02-13 Energiforum
Bergen 2012-02-13 Energiforum Department of Earth Sciences Global Energy Systems Uppsala University, Sweden Kjell.aleklett@fysast.uu.se www.fysast.uu.se/ges Blog: aleklett.wordpress.com BBC November 9,
More informationOil and Natural Gas Analysis at Norges Bank. Pål Winje ( International Department), workshop on modeling and forecasting oil prices, 22 March 2012
Oil and Natural Gas Analysis at Norges Bank Pål Winje ( International Department), workshop on modeling and forecasting oil prices, 22 March 212 The Norwegian Petroleum Sector as a Share of Macroeconomic
More informationThe gas exporters geopolitical and economic power: Do we really need an european external policy?
The gas exporters geopolitical and economic power: Do we really need an european external policy? Dominique FINON WEC workshop «Energy vulnerabilities in Europe», Paris,November 30th 2013 Content Which
More informationGlobal Energy Dynamics: Outlook for the Future. Dr Fatih Birol Chief Economist, IEA 18 June 2014
Global Energy Dynamics: Outlook for the Future Dr Fatih Birol Chief Economist, IEA 18 June 2014 The world energy scene today Some long held tenets of the energy sector are being rewritten Countries are
More informationA Cheaper Renewable Alternative for Belarus
A Cheaper Renewable Alternative for Belarus Issue paper from INFORSE-Europe 1, by Gunnar Boye Olesen, July 2011 Summary Following the increasing fossil energy prices, the country of Belarus is struggling
More informationThe Golden Age of Gas Supply Considerations
The Golden Age of Gas Supply Considerations A golden age of gas requires plentiful supplies of gas (at the right price) This presentation looks at the volumes of gas likely to be available in the future
More informationOUTLOOK FOR NATURAL GAS IN EUROPE
6th German-Norwegian Energy Conference OUTLOOK FOR NATURAL GAS IN EUROPE Dr. Berit Tennbakk, Partner, RETROSPECT FALLING AND CONVERGING GAS PRICES HISTORICAL DEVELOPMENT MAIN DRIVERS Financial crisis Fukushima
More informationThe current business context and future role of LNG in Europe. Ulco Vermeulen Executive Director Participations and Business Development
The current business context and future role of LNG in Europe Ulco Vermeulen Executive Director Participations and Business Development EBC, Amsterdam, 31 May 2013 Agenda 1 Current situation LNG market
More informationThe Political and Commercial Dynamics of Russia s Gas Export Strategy
September 2015 The Political and Commercial Dynamics of Russia s Gas Export Strategy OIES PAPER: NG 102 James Henderson & Tatiana Mitrova* The contents of this paper are the authors sole responsibility.
More informationDate : 26.12.2008 Source : Upstream Online
Turkey eyes Iraqi gas transport deal Date : 26.12.2008 Source : Upstream Online http://www.upstreamonline.com/incoming/article168758.ece 26.12.2008 Turkey s Energy Minister Hilmi Güler will shortly visit
More informationDr.Karoly Gruber (Szechenyi Istvan University of Gyor, Hungary): The European Union, Central Europe and Russia: Cooperation and/or containment?
Dr.Karoly Gruber (Szechenyi Istvan University of Gyor, Hungary): The European Union, Central Europe and Russia: Cooperation and/or containment? Perspectives on Political Transformation in Central and Eastern
More informationDetailed Results of Photocopied Maps
Detailed Results of Photocopied Maps Map information is provided in the following order: (1) Name of map (2) Name of author (if known) (3) Country (region) of origin (4) Year of production (year of publication)
More informationOil and Gas U.S. Industry Outlook
Oil and Gas U.S. Industry Outlook VERSION 01 YEAR 13 OUTLOOK: Positive fundamentals & outlook www.eulerhermes.us Key points WTI Crude is expected to continue to converge to Brent crude prices, narrowing
More informationNatural Gas Diversification Strategy for PREPA GOVERNMENT DEVELOPMENT BANK FOR PUERTO RICO
Natural Gas Diversification Strategy for PREPA GOVERNMENT DEVELOPMENT BANK FOR PUERTO RICO Agenda 1 Importance of Diversifying to Natural Gas 2 Natural Gas Diversification Strategy 2 Currently, Puerto
More informationAORC Technical meeting 2014
http : //www.cigre.org B4-1076 AORC Technical meeting 2014 Construction the North-East Asian Supergrid for Co-prosperity and Peace Kyu-won Jeong, Kwang-hee Hong, Sung-yun Hong, Kab-ho Park, Hong-gyun Kim,
More informationSummary Statement of the LNG Producer-Consumer Conference Tokyo, September 10, 2013
Summary Statement of the LNG Producer-Consumer Conference Tokyo, September 10, 2013 Ministry of Economy, Trade and Industry APERC The LNG Producer-Consumer Conference was held in Tokyo on September 10,
More informationOil & Gas Conference - Cheuvreux October 14 th, 2011
LNG terminal Montoir, France Oil & Gas Conference - Cheuvreux October 14 th, 2011 Jean - Marie DAUGER Executive Vice-President, in charge of the Global Gas & LNG Business line DISCLAIMER Forward-Looking
More informationEnergy Prices. Presented by: John Heffernan
Global Wholesale Energy Prices Presented by: John Heffernan Energy in 2012 In 2012, the growth in Energy consumption slowed in 2012 90% of this growth came from China & India Consumption & production of
More informationCommittee on Industry, Research and Energy. on EU strategy for liquefied natural gas and gas storage (2016/2059(INI))
European Parliament 2014-2019 Committee on Industry, Research and Energy 2016/2059(INI) 10.5.2016 DRAFT REPORT on EU strategy for liquefied natural gas and gas storage (2016/2059(INI)) Committee on Industry,
More informationUnconventional Oil Potential Tends to Change the World Oil Market
Energy Science and Technology Vol. 4, No. 1, 2012, pp. 68-74 DOI:10.3968/j.est.1923847920120401.178 ISSN 1923-8460[PRINT] ISSN 1923-8479[ONLINE] www.cscanada.net www.cscanada.org Unconventional Oil Potential
More informationWorld Energy Outlook 2012. Presentation to the press London, 12 November 2012
World Energy Outlook 2012 Presentation to the press London, 12 November 2012 The context Foundations of global energy system shifting Resurgence in oil & gas production in some countries Retreat from nuclear
More informationEU gas hub development and a comparison with US Henry Hub
EU gas hub development and a comparison with US Henry Hub Dennis Hesseling, Head of Gas Department EU US Energy Regulatory Round table Madrid, April 26 2016 Objectives Objectives for today.highlight diversity
More informationWorking Paper Research Unit Global Issues Stiftung Wissenschaft und Politik German Institute for International and Security Affairs.
Working Paper Research Unit Global Issues Stiftung Wissenschaft und Politik German Institute for International and Security Affairs Friedemann Müller Paper presented at KAS CFIE CFISAE AHK International
More informationBaltic Pipe Polish diversification project
Baltic Pipe Polish diversification project Oil & Gas Department Based on materials from PGNiG S.A. Brussels, February 2008 Risk of Dependency Dependency on one supplier only, creates a high risk in every
More informationEWI Security of Supply Update
EWI Security of Supply Update Simulation of current gas market developments in Europe with a special focus on Germany Cologne 09.03.2015 Dr. Harald Hecking, Simon Schulte, Florian Weiser Energiewirtschaftliches
More informationPerspective Vision for Forest Sector Cluster Programs Towards Sustainable Socio-Economic Development in Eastern Russia and Northern China
World Bank Group IBRD IDA IFC MIGA ICSID Perspective Vision for Forest Sector Cluster Programs Towards Sustainable Socio-Economic Development in Eastern Russia and Northern China Andrey Kushlin Senior
More informationThe Shanghai Cooperation Organization and energy cooperation: current status and development prospects
The Shanghai Cooperation Organization and energy cooperation: current status and development prospects V.L. Likhachev Abstract - The article examines the state and prospects of energy cooperation within
More informationGAS FROM ASIA CLEAN FUEL TO POWER THE PACIFIC DR DAVID ROBSON CHAIRMAN, PRESIDENT & CHIEF EXECUTIVE OFFICER TETHYS PETROLEUM LIMITED
GAS FROM ASIA CLEAN FUEL TO POWER THE PACIFIC (WITH A FOCUS ON CENTRAL ASIAN SUPPLY) DR DAVID ROBSON CHAIRMAN, PRESIDENT & CHIEF EXECUTIVE OFFICER TETHYS PETROLEUM LIMITED the Sprit of Tethys Disclaimer
More informationThe impact of Ukraine-Russia crisis on the European gas market. www.sundenergy.com
The impact of Ukraine-Russia crisis on the European gas market Sergiu Maznic Vienna, 11 March 2015 Full-picture perspective Sund Energy helps navigate into the energy future Energy Economics Environment
More informationPrentice Hall World Geography: Building a Global Perspective 2003 Correlated to: Arkansas Social Studies Curriculum Frameworks (Grades 9-12)
Arkansas Social Studies Curriculum Frameworks (Grades 9-12) Strand 1: Time, Continuity, and Change Content Standard 1: Students will demonstrate an understanding of the chronology and concepts of history
More informationWorld Energy Outlook 2009. Presentation to the Press London, 10 November 2009
World Energy Outlook 29 Presentation to the Press London, 1 November 29 The context The worst economic slump since the 2 nd World War & signs of recovery but how fast? An oil price collapse & then a rebound
More informationALEXEY MILLER: SOUTH STREAM AND EUROPEAN ENERGY SECURITY
TABLE OF CONTENTS Letter by Alexey Miller 3 South Stream: A project to ensure energy security in Europe 4 The optimal route to diversify energy supplies to Europe 6 South Stream: highest environment and
More informationROAD FREIGHT ROAD FREIGHT FULL TRUCK SERVICES. www.goeast.eu GROUPAGE CONSOLIDATION ROAD FREIGHT CONTACT EAST LOGISTICS PROFESSIONALS
ROAD FREIGHT FULL TRUCK SERVICES FTL transport: FTL Standard FTL Reloaded, with additional services FTL Time Guaranteed express solution Customs clearance: Export in all EU countries Import in all main
More informationDr. Tatiana Mitrova Head of Oil and Gas Department Energy Research Institute of the Russian Academy of Sciences. RPGC 2013 Moscow, June 25 th
Investment and export opportunities for Russian companies in oil and gas projects abroad: asset swaps as a method of developing direct foreign investment Dr. Tatiana Mitrova Head of Oil and Gas Department
More informationAustralia The Future for Oil and Gas
Australia The Future for Oil and Gas Philip Aiken President and CEO BHP Billiton Petroleum Asia Pacific Petroleum Conference Singapore, September 2003 Australia historical production MMboe 200 150 100
More informationNatural Gas and LNG Business Today and Tomorrow
Natural Gas and LNG Business Today and Tomorrow September 7, 2011 Mitsubishi Corporation Energy Business Group Junichi Iseda Senior Vice President, Division COO Natural Gas Business Division B Part 1:
More informationwww.pwc.co.uk/economics Global wage projections to 2030 September 2013
www.pwc.co.uk/economics Global wage projections to 2030 Summary: Wage gap between emerging and advanced economies will shrink significantly by 2030 By 2030, our projections in this report suggest that
More informationReport on Pricing by the Energy Charter. The Report can be downloaded free of charge from: www.encharter.org
Oil and Gas Pricing Mechanisms: Past, Current and Future Trends Dr. Andrey A.Konoplyanik, Consultant to the Board, Gazprombank, and Professor, Russian State Oil & Gas University Presentation at the session
More informationOil and Gas Price Forecast Update: Where are Oil and Gas Prices Heading?
RESERVOIR ENGINEERING SOFTWARE & SERVICES Oil and Gas Price Forecast Update: Where are Oil and Gas Prices Heading? Dale Struksnes, Manager - Reserve Evaluations April 13, 2010 Media Commentary on Oil and
More informationDeeper interrelationship between Gazprom and the Russian Government will open new horizons for mutually beneficially fulfillment of strategic tasks.
LIBERALIZATION! NEW CHALLENGES FOR GAZPROM! Dear shareholders, colleagues, partners! Allow me, on behalf of the Board of Directors and Management Committee of Open Joint-Stock Company Gazprom, to express
More informationGas Pricing Principles for European Gas Markets
Gas Pricing Principles for European Gas Markets A View of Gazprom Export Sergei Komlev Head of Contract Structuring and Price Formation Gazprom Export Eurasia Dialogue. Securing Security of Demand for
More informationEvolution of gas pipeline regulation in Russia:
March 2015 Evolution of gas pipeline regulation in Russia: Third party access, capacity allocation and transportation tariffs OIES PAPER: NG 95 Katja Yafimava The contents of this paper are the authors
More informationNatural Gas in Asia: History and Prospects
Natural Gas in Asia: History and Prospects Mikkal Herberg Advance Summit paper from the 2011 Pacific Energy Summit, held February 21-23, 2011, in Jakarta, Indonesia. Available from www.nbr.org. For more
More informationFuture possible uses of renewable energy in the V4 countries
Future possible uses of renewable energy in the V4 countries Róbert Magda Szent István University Institute of Economics, Law and Methodology, Department of Microeconomics Páter Károly út 1. H-2100 Gödöllő,
More informationNatural Gas / Electricity and the Industrial Sector. The Dismantling of US Manufacturing
Natural Gas / Electricity and the Industrial Sector The Dismantling of US Manufacturing Paul Cicio President Industrial Energy Consumers of America August, 2007 Who Are Energy Price Sensitive Industries?
More informationThe SPE Foundation through member donations and a contribution from Offshore Europe
Primary funding is provided by The SPE Foundation through member donations and a contribution from Offshore Europe The Society is grateful to those companies that allow their professionals to serve as
More informationRUSSIA AND GERMANY: A SOLID REGIONAL ENERGY PARTNERSHIP. A case study prepared for the International Gas Union's Gas Market Integration Task Force.
RUSSIA AND GERMANY: A SOLID REGIONAL ENERGY PARTNERSHIP A case study prepared for the International Gas Union's Gas Market Integration Task Force. 1 Russia and Germany: A Solid Regional Energy Partnership
More informationSouth Stream Project
South Stream Project Roberto Gregori Assistant to the Program Manager South Stream Eni Gas & Power Division UNECE Energy Week Investing in Energy Security 16th Session Committee on Sustainable Energy and
More informationGazprom s Financial and Economic Policy
June 28, 2012 Gazprom s Financial and Economic Policy Andrey KRUGLOV Deputy Chairman of the Management Committee Head of the Department for Finance and Economics 0 Overview of Financial and Operating Results
More informationWe appreciate your feedback
Publishing date: 19/01/2015 Document title: 4b - Oil and gas UK slides ACER meeting 5 Dec 2014 We appreciate your feedback Please click on the icon to take a 5 online survey and provide your feedback about
More informationMANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS You should read the following management s discussion in conjunction with our unaudited consolidated interim condensed
More informationI. World trade developments
I. World trade developments World merchandise exports stagnated in value terms in 2012 while exports of commercial services increased by 2 per cent. Key developments in 2012: a snapshot Trade data List
More informationGDF SUEZ. Introduction. Jean-François Cirelli
GDF SUEZ Introduction Jean-François Cirelli Content 1. Focus on gas market dynamics 2. Focus on electricity market dynamics 3. Focus on P&L resilience and sensitivities 4. Focus on synergies and performance
More informationInternational Gas Union. Wholesale Gas Price Survey - 2015 Edition. News, views and knowledge on gas worldwide
IGU - WHOLESAFE GAS PRICE FORMATION 2014 International Gas Union International Gas Union News, views and knowledge on gas worldwide Wholesale Gas Price Survey - 2015 Edition 090054-2015, Photo: Eiliv Leren,
More informationEnergies and the Ukraine Crisis - Part II
Statement before the Senate Foreign Relations Subcommittee on European Affairs RENEWED FOCUS ON EUROPEAN ENERGY SECURITY A Statement by Edward C. Chow Senior Fellow, Energy and National Security Program
More information