Valdai Club

Dmitry Maryasis

Julia Melnikova

Thierry Meyssan

Hendra Manurung

Andrey Maslov

Nicodemus Minde

Andy Mok

Mikhail Margelov

Arina Muresan

Tatyana Mitrova

Russian Federation

Director of the Energy Centre at the Moscow School of Management SKOLKOVO.

Materials

Russia-Saudi Oil Agreement: A Real Deal or Merely a Political Signal?

Although market reaction has been sluggish, the memorandum in itself is a positive signal, as only a year ago communication between Moscow and Riyadh, whose positions on Syria were radically different, was much less friendly.

Three Months Without Iranian Oil: Results and Prospects

Almost three months have passed since the European Union (EU), backed by a number of other countries, imposed an embargo on Iranian oil imports. According to the International Energy Agency (IEA), during this time Iranian oil exports have fallen by two-third, from three million barrels of oil per day in July 2011 to about one million barrels in July 2012.

Russian-European Gas Relations Tensing Up

Given the crisis and the plummeting demand, Gazprom agreed to index 15% of the supplied amounts to spot prices, which at the time were significantly below the prices pegged to petrochemicals. It also introduced additional conditions in connection to the unique situation on the global gas market.

European Energy Security: Lessons of 2011

In recent years one of the main aims of the EU energy policy was to reduce dependence on Russian energy. However, the start of 2011 has prompted to take a different view on the security of energy supply to Europe, especially given an unprecedented increase in gas demand observed in the European market in 2010.