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jerryking : gazprom   2

Gas deal with Russia a ‘drop in the bucket’ for China
May. 24 2014 | The Globe and Mail | Campbell Clark.

Why? Nearly all growth in demand for energy will come from emerging economies, but especially China. Its needs will shape global prices. If it suffers shortages, or supplies are at risk, it will send price shocks through world markets.

That would hit the U.S. economy – because “we pay global prices,” Mr. Pascual said. And a U.S. slowdown would hurt Canada, even if energy exporters benefit from price spikes.

There are also critical questions of how energy affects geopolitics, made sharper in the Ukraine-Russia crisis. Moscow has used energy as a political lever, shutting pipelines to Ukraine, while Europe’s dependence on Russian gas has cooled drives to tougher economic sanctions.

Mr. Pascual, however, believes Europe’s example offers hope in preventing a nation from using energy as a political lever in Asia.

Europeans invested in infrastructure so natural gas can flow in different directions, rather than just westward from Russia. They banned “destination clauses” so Russia’s Gazprom can no longer bar customers from re-exporting gas. That promotes competition, and allows Ukraine to get gas through Poland, Hungary and Slovakia, Mr. Pascual said. Europe is also building infrastructure for liquid natural gas, shipped from places like Qatar.
natural_gas  Russia  China  geopolitics  energy  energy_security  LNG  Asian  price_hikes  Gazprom  optionality  petro-politics 
may 2014 by jerryking
Gazprom to Ukraine: Pay up or else
Apr. 11 2014 | - The Globe and Mail | CARL MORTISHED.
Ukraine  Gazprom  Europe  Vladimir_Putin  natural_gas  pipelines  EU 
april 2014 by jerryking

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