... a turning point, propelling Germany to establish a strategic energy partnership with the Soviet Union. The landmark Röhren-Gas-Verträge (pipeline-gas agreements) of 1970 between West Germany and the USSR ushered in an era of stable and inexpensive natural gas supplies, which lasted for over 50 years. [
30
] By 2021, this partnership reached its zenith, with 52 percent of Germany’s gas imports—amounting to 859 TWh out of 1652 TWh—coming from Russia. [
31
] The low wholesale gas prices of 16–18 ...
... the agenda for most developed economies for quite a while now, the only agent of radical change seems to be some serious crisis—something that would push the energy community out of their comfort zone. This time has seemingly come, with prices for natural gas, coal and electricity hitting record highs in Europe over the past few weeks, and analysts from Europe expecting the factors that drive these prices to persist in the coming weeks.
Many in European political circles would like to believe it ...
... Germany and Germany's Democratic Republic showed significant interest in developing the gas industry of the two states. The 1973-1974 surge in oil prices urged many countries to seeks diversification away from oil towards other sources of energy. Natural gas seemed to be the most prospective alternative. During the 1970s natural gas production in the Soviet Union demonstrated a sharp increase, as a result of the opening of giant natural gas fields in Siberia and implementation of large diameter ...
... have long-existed under the mutual awareness of interdependence. This perceived paradigm has led to further deepening of the complexity of the relationship through swap deals and favorable transactions, which encompass the entire value-chain of the natural gas sector. The pinnacle of recent collaboration has been the initiation of the Nord Stream-2 project, which has the potential to completely substitute Ukrainian transit routes. On top of that, in 2015 Gazprom has delivered to Germany a record ...
... against Russian companies and individuals. Russian, French and Chinese investors have found a way to guarantee the completion of the Yamal LNG project, despite Washington’s eagerness to halt Russian energy companies from developing the arctic natural gas resource base, by imposing technological and financial constrains. What’s more, the LNG plant facility will be realized with the financial help of major Chinese banks, which is another “slap in the face” for the loud-mouthed ...
