Presentations by Streams

Russia's war in Ukraine has dramatically reduced Russia's western markets for fossil fuels. As a result, Russia is looking for new markets especially in Asia, however, transport logistics as well as profitability of exports eastwards complicate the task. Oil is under the western price cap and fewer tankers are available. Gazprom's lucrative gas exports to Europe have largely ended and liquified natural gas (LNG) is emerging as a more viable option to expensive new pipelines, access to technology allowing. The coal sector is rebalancing between regions, the eastern part gaining access to the eastern markets at the expense of more central regions. It remains unclear whether the climate policies of export companies, which had been preparing for the requirements of the EU's Carbon Border Adjustment Mechanism (CBAM), will be maintained or abandoned. They may be required less on short term as exports to the EU ceased, however, carbon regulatory systems are emerging also in Asia, in particular, China. We will be discussing:
- What are the prospects for Russia in the global fossil fuels markets?
- Are the sanctions against Russia efficient and how could their impact be enhanced?
- What social and regional implications does the European phaseout of Russian fossil fuels have in Russia?
- Are there incentives for climate policies and actions of Russian export companies?