remarks to reporters are hardly an idle boast, as he stated that Lukoil had paid Zhilkin’s more than $16.1 million in taxes last year to regional budget. Astrakhan’s So, the Russian Federation, like its four Caspian neighbors, is now beginning to tiptoe into its offshore waters, all the while insisting that its vision of divvying the inland sea prevails. The last two decades have seen an apparent pragmatism slowly evolve over the Caspian offshore resources, first in Baku, followed by Astana, Ashgabat and more recently and reluctantly, Tehran and Moscow. While the issue of a final disposition of the Caspian’s offshore waters remains significant if for no other reason than the various proposed undersea pipelines such as Turkmenistan-Baku, which could be an influential element in the European projected $15 billion Nabucco natural gas pipeline reverie, all five Union’s nations seem to be moving cautiously towards planting their offshore flags in areas unlikely to arouse their neighbors. It will be interesting to see if they meet in the middle. By. John C. K. Daly of Oilprice.com Posted on November 21, 2011 Sameer Jafri Energy has always been at the centre stage of constantly changing geopolitical contours of the world. Since the energy resources i.e. the fossil fuels are highly unevenly distributed across the globe, the competition for control over them eats up much of energy and hungry major time and money. With global energy demand economies’ increasing sharply and reserves being limited, this competition has only become intense with time and is bound to reach unprecedented levels in future.Although petroleum is the primary fuel all over the world, natural gas is increasingly being preferred since it is abundant, cheaper, cleaner and more efficient fuel. These qualities vis-à-vis other fossil fuels have made natural gas a much more attractive energy source. Russia possesses the largest proven gas reserves. It is also the largest producer and exporter of natural world’s gas. Since Europe is short of hydrocarbons, it relies on Russia for much of its natural gas requirements.Russian gas constitutes more than a quarter of natural gas consumed by the European Union. This makes Europe the largest customer of Russian gas. This monopolistic status provides Russia a certain degree of leverage to exercise its influence
Zhilkin’s remarks to reporters are hardly an idle boast, as he stated that Lukoil had paid more than $16.1 million in taxes last year to Astrakhan’s regional budget. So, the Russian Federation, like its four Caspian neighbors, is now beginning to tiptoe into its offshore waters, all the while insisting that its vision of divvying the inland sea prevails. The last two decades have seen an apparent pragmatism slowly evolve over the Caspian offshore resources, first in Baku, followed by Astana, Ashgabat and more recently and reluctantly, Tehran and Moscow. While the issue of a final disposition of the Caspian’s offshore waters remains significant if for no other reason than the various proposed undersea pipelines such as Turkmenistan-Baku, which could be an influential element in the European Union’s projected $15 billion Nabucco natural gas pipeline reverie, all five nations seem to be moving cautiously towards planting their offshore flags in areas unlikely to arouse their neighbors. It will be interesting to see if they meet in the middle. By. John C. K. Daly of Oilprice.com Posted on November 21, 2011 Sameer Jafri Energy has always been at the centre stage of constantly changing geopolitical contours of the world. Since the energy resources i.e. the fossil fuels are highly unevenly distributed across the globe, the competition for control over them eats up much of energy and hungry major economies’ time and money. With global energy demand increasing sharply and reserves being limited, this competition has only become intense with time and is bound to reach unprecedented levels in future.Although petroleum is the primary fuel all over the world, natural gas is increasingly being preferred since it is abundant, cheaper, cleaner and more efficient fuel. These qualities vis-à-vis other fossil fuels have made natural gas a much more attractive energy source. Russia possesses the world’s largest proven gas reserves. It is also the largest producer and exporter of natural gas. Since Europe is short of hydrocarbons, it relies on Russia for much of its natural gas requirements.Russian gas constitutes more than a quarter of natural gas consumed by the European Union. This makes Europe the largest customer of Russian gas. This monopolistic status provides Russia a certain degree of leverage to exercise its influence
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