Russian Oil Flows To Central Europe 'To Dry Up'
Russia's growing oil exports to Asia and the Baltic have unsettled European traders and refiners, who fear shortages on the Black Sea and in Central Europe should Russian output stall or decline.
Rosneft
Russia Targeting Oil Assets in Poland and Lithuania
On October 30, Poland announced its intention to privatize the state-owned majority stake in the country’s second-largest oil industry concern, Lotos Group. The Polish government is inviting interested parties to pre-tender talks on the Lotos Group.
Russia Is Ready To Give China Everything
Ukraine, declaring its intention to develop the relations of strategic partnership with China, should be really cautious about the way of the promotion of the relations between Beijing and Moscow. Following the official terms, they have already reached the level of “comprehensive deepening of partnership and strategic interaction”.
Russia Plans Increased Energy Exports
Senior Russian officials have made clear that the country’s energy policies will continue to evolve around the nexus of ambitious export plans. The government pledged to make the country’s gas exports more flexible. Russia’s total gas exports will include 10 percent of liquefied natural gas (LNG) by 2020 and 15 percent by 2030, Prime Minister, Vladimir Putin, announced on September 17. The global demand for hydrocarbons will be increasing in the next decade according to Putin.
Russia Seeks To Sustain Its Energy Security
Moscow has reiterated pledges to improve Russian energy security by promising sizable investments to develop its hydrocarbon sector and power supply networks. However, the economic viability of such solutions appears to remain a matter of debate as Moscow’s ambitious plans require huge investments. Russian authorities have long pledged to replace obsolete and wasteful Soviet-era energy technologies and solutions by what officials describe as “energy-efficient” facilities.
A Promising Land: Russian State Companies Expect Major Discoveries In Central Asia
Gazprom and Rosneft are accelerating exploration efforts in Central Asian onshore projects. Their experience may show that interesting opportunities exist away from the Caspian Sea oil and gas fields, where most of the business focuses on.
Alternative Gas Suppliers Face Overproduction in Russia
Russia's independent natural gas producers (IGPs) account for a growing share of domestic output, but they are now facing turbulent times amid the global financial crisis and the subsequent domestic economic downturn, as well as problems with sales and gas transit. The role of independent gas producers in Russia has increased over the past decade. Novatek and others have begun contributing significant volumes to the domestic market. In addition to the gas monopoly Gazprom, some 30 Russian companies produce more than 10 million cubic meters (mcm) a year.