Lithuania is the latest state to raise concerns about the environmental damage that may stem from the Nord Stream pipeline. Gazprom is hoping that once its two Arctic LNG projects begin, it will supply as much as 10% of the US gas market by 2020. A Moscow Times contributor comments on the St Petersburg Economic Forum: ‘I realized that the main point of the conference boiled down to one session only – the one titled: What is the Price of Oil?’ An article in the Times compares the recent problems of BP and Shell with the good fortunes of ExxonMobil; will the two companies consider a merger to prevent a possible takeover? The BBC has a full report on gas in Europe, citing an interview with Gazprom executive Alexander Medvedev: ‘if Europe doesn’t need our gas, then we will find a way of selling it differently’. RFE/RL analyzes the conflict between Russia and the EU over energy. Gazprom is holding talks with Novatek over potential cooperation in northwest Siberia, on the Yamal Peninsula, a project that could produce 250 billion cubic meters of gas a year.
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The first law in geopolitics in the aerea of oil and gas is :” Each molecule of gas , each drop of oil which will go to one direction will not go in an another “So if Europeans are ” concerned ” about their dependency on Russian oil and gas , China eg will welcome them with a great pleasure .Doing this , the ” West ” throws each day Russia in the arms of China more closely , a thing which is seen as a ” threat ” by The Heritage experts , especially in the aerea of energy .As French geopolitician Aymeric Chauprade has outlined it( Geopolitique – constantes et changements dans l’histoire ) Us have done everything to control the flow of hydrocarbons to China which is their main geopolitical foe : Central Asia , Iraq ,………At the same time , their ” grand strtaegy ” is ” bypassed ” by the opportunity of the North East passage …………Their last ” hope ” is to engage the Japanese navy to control the eastern gate of this passage , a thing China will certainly appreciate ……….As the Sevmorput is opening more and more due to the global warming , Asia appears each day as a more realistic market even for western fields like Shtokman througt LNG tankers .