Category Volume 2 (2013-2014)

Naftogas Ukrainiy: Its Future Prospects and Dilemmas

by Anna Bartkiv On the 3rd of March 2014 Arseniy Yatsenyuk announced that Naftogas Ukrainy shall be privatized. In his eyes it is a burden for the Ukrainian economy and by privatizing it Ukraine will no longer accumulate astonishing debts to Gazprom, amounting to almost $3.3 billion as it was in the beginning of this […]

Unconventional Wisdom: Is China Preparing for a Shale Gas Revolution?

by Ryan McKinley As China is the world’s number one energy consumer, what happens in its energy sector has large and widespread implications around the globe. Until fairly recently, the Chinese have been content with producing domestic sources of coal to power their industries. But as concern for the environment grows and hydraulic fracturing technologies […]

Geopolitics and Power Systems’ Integration in the Black Sea Region

by Daniel Tappeiner The geopolitical importance of the Caucasus and Black Sea region for energy transit has implied that substantial resources are being devoted to the region by outside powers. Economic and political environments are being shaped in a way so as to be conducive to promoting the interests of both the target countries and […]

Oil and Unrest in Venezuela after the Death of Hugo Chavez

by Katherine Bennett Despite holding the largest oil reserves in the world and the promise of oil wealth, Venezuela faces consumer good shortages, power outages, private property confiscations, an estimated +50% inflation rate and one of the highest murder rates in the world. Given these conditions, Venezuela in early 2014 was a powder keg waiting […]

How the Ukrainian Crisis Impacts Russia’s Energy Companies

by Koen van Delft The Ukrainian Revolution has thus far seen the ousting of President Yanukovych and the rise of new parties fighting to gain control of Ukraine. Since then, the residents of Crimea have seen the arrival of unmarked Russian military troops supposedly protecting the Russian inhabitants of the region. The most recent development […]

Natural Gas Pricing Strategies for Europe’s Two Biggest Suppliers – Gazprom and Statoil

by Max Hoyt The gas market of the European Union is in a transitional phase. Centerpiece to the changes is the 2011 Third Energy Package and its goal of creating a single natural gas market. Natural gas, however, is a huge stumbling block for EU energy liberalization due to the EU’s 65% dependence on foreign […]

Workshop Review: Tatiana Mitrova – Russian Gas Export Strategy

By Nicholas Watt and Maurizio Recordati On December 9, 2013, the ENERPO program welcomed Russian energy specialist Dr. Tatiana Mitrova to European University at St. Petersburg. Her nearly four hour presentation in our university’s Golden Hall consisted of two parts – Russia’s gas export strategy and the future of world energy markets. With a professional […]

Gazprom Should Invest in Western European Power Plants

by Bram Onck On the 28th of January this year, German energy giant RWE announced an impairment – a devaluation of a company asset – of USD 4.5 billion as a result of losses incurred in its power generation activities. This announcement is part of a series of setbacks for European utility companies that are […]

Privatization of PEMEX and What’s Actually Changing in Mexico’s Oil Industry

by Stephanie Bryant In December 2013, the Mexican government ratified amendments to its constitution that will liberalize the energy sector. Political momentum to liberalize the oil and gas sector has been building since former President Felipe Calderón’s 2008 legislative attempts to introduce private investment. Although these reforms were ultimately unsuccessful, they focused political attention on […]

Greenpeace in the Russian Arctic: Environment vs. Oil Drilling

by Koen van Delft and Katherine Bennett On September 18, 2013, Greenpeace International sailed into the Pechora Sea in the Arctic under the Dutch flag on the Arctic Sunshine to protest the Russian oil giant, Gazprom Neft’s Prirazlomnaya oil rig. Greenpeace aims to stop the world’s first oil from being produced in these ice-filled Arctic […]