Category Volume 2 (2013-2014)

Five Years on from the 2009 Gas Dispute: Are Russia and Ukraine any Closer to a Stable Arrangement?

by Dr. Jack D. Sharples Another winter is upon us, and once again, observers are left shaking their heads as another potential Russia-Ukraine gas dispute appears to have been narrowly averted. As we approach the fifth anniversary of the much-publicised Russia-Ukraine gas dispute of January 2009, it is time to take stock and ask ourselves; […]

Why is South Stream Being Built? It’s Not Just Geopolitics

by Nicholas Watt Almost exactly one year ago in the southern Russian city of Anapa, Vladimir Putin, in an auditorium filled with energy company executives and high-ranking international government officials, launched construction of the South Stream pipeline. Projected onto a giant screen directly behind the Russian president was live footage of the welding of the […]

Black Gold, Economic Flowering, and Ethnic Tensions – Hydrocarbon Exploration and Export in Northern Iraq

by Andrea Seffens Cradled between distant mountain ranges and vast oil fields, a fresh capital hums like a young Dubai, as students and businessmen stroll about modern buildings built with the revenues brought by the black gold that rests beneath Kurdish Iraq. Growing oil profits and increased international investment in the region have facilitated a […]

Workshop Review: Vladimir Milov – Greater Role of State in Russian Energy is Not Good for Russia

by Tsvetalin Radev and Koen van Delft “The behavior displayed by the state was surprising; they unannounced a big U-turn and regained control over the industry, with re-nationalizing assets, and increasing its role in regulation, planning, and investments. This almost immediately led to diminishing hopes for higher share of FDI in the energy sector. The […]

TAP – An Economically Motivated Decision

by Max Hoyt On September 19th, representatives of the Shah Deniz consortium met with European buyers in the Azerbaijani capital, Baku, to sign long-term contracts for Azerbaijani natural gas. The gas purchase agreements, each signed for 25 years, mark the finalization of the Shah Deniz Consortium’s June 28th decision to support the Trans-Adriatic Pipeline (TAP) […]

What Lies Beneath: Development of Russian Tight Oil to Offset Production Decline

by Stephanie Bryant The Western Siberian Basin is the epicenter of Russian crude oil production, but more importantly, it is slated to be the setting of Russia’s very own shale oil and gas revolution. The Bazhenov formation is eighty times the size of the Bakken field and contains 75 billion barrels of tight oil, making […]

The Gas Export Potential For Mozambique

by Anthony Guida and Ryan McKinley The world-wide search for natural gas has led to new findings in some of the most underdeveloped areas on the globe. Twenty years ago, a relatively obscure Mozambique would be one of the last places you would expect investors stepping over one another to claim their stakes. Mozambique gained […]

Book Review: “Red Gas – Russia and the Origins of European Energy Dependence” by Per Hogselius

by Daniel Tappeiner “Will Europe come to depend on Russian natural gas?” asked the Oil and Gas Journal in the August 28, 1961 issue, when natural gas’ overall role as an energy source in Europe was still negligible. Today, as Russia has established itself as a major energy supplier, the debate about security of Europe’s gas […]

Workshop Review: Vladimir Drebentsov – BP Economist Crunches Today’s Numbers for Glimpse of Tomorrow’s Energy Scene

by Stephanie Bryant and Michael Camarda On October 7th, the European University at St. Petersburg welcomed Dr. Vladimir Drebentsov as part of the ENERPO program’s “Workshop Series.” Dr. Drebenstov’s 90 minute presentation was divided into four parts: 1) the current situation in energy markets; 2) a summary of BP’s 2030 outlook; 3) the Russian oil […]

Taking Shortcuts: Uzbekistan’s Path to the Global Energy Market

by Simon Schmidt Among the Central Asian states, Uzbekistan is mainly regarded as a second-tier energy player. Kazakhstan’s vast oil resources and Turkmenistan’s natural gas fields received primary attention by international energy companies. So far the double-landlocked country is characterized by high reliance on gas for domestic consumption, unprofitable energy trade agreements with its neighbors […]