This August President Trump signed a new package of sanctions against Russia, which had been approved by both houses of the US Congress. There had been no doubt that Trump would sign the document making the sanctions mandatory, otherwise accusations of his connections with Russia would escalate. One of the most important components of the […]
Monthly Archive: September 2017
Last year, not too long ago, some independent experts called the construction of the Baltic Pipe trunk gas pipeline (TGP) from Norway to Poland via Denmark a very ambitious project for the North Europe region. Precisely a year ago potential participants in the project started another round of the Baltic Pipeline discussions, the third in […]
In recent years production of crude oil in Azerbaijan has been steadily declining. In 2015 Azerbaijan, a former Soviet Transcaucasian Republic and a large global oil- and gas-market player, produced 41.7 million tonnes of ‘black gold’, whereas in 2016 production was a million tonnes less. Over the first six months of this year Azerbaijan produced […]
Against the backdrop of a growing interest in the evolution of the digital economy both in Russia and abroad the future of the development and processing of conventional and non-conventional hydrocarbons tends to fade somewhat into insignificance. In the long term that is fair. However in the medium-term the oil and gas sector may see […]
The world’s biggest gas consumer and supplier, Сhina and Russia respectively, are establishing stronger energy ties. The 3,000km-long Power of Siberia pipeline is just one of their latest joint projects. With anti-Russian sanctions adopted by the US Senate on 27 July and signed by Donald Trump on 2 August, it is likely that Russia will […]
Energy consumption is linked direct to economic activity. According to Eurostat the most significant drop in European energy consumption – 5.8% – occurred in 2009 and is attributed by the agency “to a lower level of economic activity as a result of the global financial and economic crisis”, although in general the consumption of energy continues to grow […]