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Norwegian Gas and Russian Gas Exports to Europe

At the end of February this year, Norway's Energy Ministry published information on hydrocarbon reserves in light of geological survey data obtained in an area which came under Norwegian jurisdiction under an agreement with Russia in 2010. The information confirmed speculation by experts regarding the presence of high-grade deposits: Norwegians estimate that the volume of their new resources is 31 percent higher than previously calculated, 85 percent of which is natural gas and the rest – oil. What are the implications of this for Russian gas exports to Europe, including to Germany?..

Natalia MEDEN | 15.03.2013


 

Economic Cooperation Prevents Conflict of Interests in the Arctic

New technologies and climate change have significantly raised the profile of Arctic resources for the global economy. According to the Economist, the Arctic is warming twice as fast as the rest of the planet. Many experts quoting Alfred T. Mahan’s work «The Influence of Sea Power Upon History” agree that seaborne commerce in the High North will become an important geopolitical factor over the next several decades. Prospects of political dominance in the Arctic provoke heated debates sometimes overdramatised by the media. But realpolitik dictates that all states concerned should rely on existing legal and institutional framework enabling peaceful cooperation...

Igor ALEXEEV | 20.02.2013




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OUR COLUMNIST
    Valentin KATASONOV

Washington’s Banking Sanctions – Formal and Informal

...Since 1 April 2009, American financial regulators have fined European banks 32 times totalling nearly $25 billion... On 30 June 2014, the French bank BNP Paribas, which ranks fourth in the world in terms of assets and second in France, agreed to pay US authorities a record $9-billion fine. The bank’s management is charged with helping its Sudanese, Iranian and Cuban clients carry out dollar transactions banned by the US sanctions regime. In the coming months, giants of European banking like the German Kommerzbank and Deutsche Bank, French Credit Agricole and Societe Generale, and Italian Unicredit, among others, could also be subject to penalties...

30.07.2014
 
 
 
 
 
 
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