This volume is an energy-tailored sequel to the research on the Arctic carried out at MGIMO University. Specifically, the proposed book is grounded in the profound academic and practical expertise of the specialized body of MGIMO University – International Institute of Energy Policy and Diplomacy chaired by Prof. Valery Salygin. Thus, the research exclusively focuses on energy-related aspects of exploration of the Arctic Zone of the Russian Federation (AZRF). This particular region with its ample oil and gas resources has been comparatively and critically studied by a team of authors representing Russia, USA, France, Switzerland, Slovakia, and Lithuania from legislative, political, economic, technical, transport, environmental, sustainability, and security perspectives.

This book is open access under a CC BY license. This book explores if and how Russian policies towards the Far East region of the country – and East Asia more broadly – have changed since the onset of the Ukraine crisis and Russia’s annexation of Crimea. Following the 2014 annexation and the subsequent enactment of a sanctions regime against the country, the Kremlin has emphasized the eastern vector in its external relations. But to what extent has Russia’s 'pivot to the East' intensified or changed in nature – domestically and internationally – since the onset of the current crisis in relations with the West? Rather than taking the declared 'pivot' as a fact and exploring the consequences of it, the contributors to this volume explore whether a pivot has indeed happened or if what we see today is the continuation of longer-duration trends, concerns and ambitions.

Starting with the fundamentals of the global energy industry, Handbook of Energy Politics goes on to cover the evolution of capital and financial markets in the energy industry, the effects of technology, environmental issues and global warming and geopolitics. The book concludes by considering the future, including the lessons learned from history, where we are most likely to be heading and what steps we can take to mitigate potential energy risks. This Handbook will be an invaluable resource for upper level graduates and postgraduate scholars.

This book examines Russia’s capacity to respond to a changing world through the lens of the country’s oil industry. Against a backdrop of social, political and climatic change, Indra Overland and Nina Poussenkova present a systematic analysis of how modern energy developments in the form of shale oil, offshore oil and the global energy transition are handled.

Exploring themes critical to understanding the current world order, this book lays bare the reality of the new Russia that emerged under Vladimir Putin. Russia holds the world's largest natural gas reserves, the second largest coal and uranium reserves, and the eighth largest oil reserves. Europe is dependent on Russia for 25 percent of its oil and gas. Russia is also positioning itself to play a similar role with respect to China. The key to this strategy is a network of new oil and natural gas pipelines that Russia is in the process of constructing, which will by-pass the problematic Ukraine, Georgia, Poland and the Baltic States in the West, and lock-in the enormous potential of China in the East. Further, as the Western economies including the USA begin themselves to recover, their growing energy dependence will come back into the forefront, and therefore the need to ensure that Russia does not fail in its opening up of new energy resources in the Arctic and Eastern Siberia. Russia is no longer a superpower, in the Cold War sense of the word, because its military is significantly weaker, and as such is incapable of conducting a regional let alone global war against either the United States or NATO. It is precisely because of its military weakness that Putin has been forced to adopt an asymmetric approach. Thus, the pipeline spigot and the proliferation of missiles and aircraft have become Russia's weapons of choice, along with an ever growing reliance on its strategic nuclear forces to provide it with the necessary deterrent to foreign aggression. In addition, Putin and Medvedev have no interest in an arms race with the United States, it is too costly and detracts from their priority, which is economic reform. From Putin's perspective, America is in the process of imposing "absolute security" or as Joint Vision 2020 put it: "full spectrum dominance" over the world. As the sole remaining superpower, the United States enjoys a massive strategic imbalance in its favor, which it has used first to contain, but now with the intent to control the world. How? NATO expansion lays the groundwork for a U.S. global missile defense system to contain perceived adversaries, such as Russia, which in turn secures the dominance of America through its Prompt Global Strike (PGS) capability – the ability to strike anywhere on the planet with impunity within 90 minutes of the order being given by The President. Thus, PGS will be to the 21st Century, what British Gun Boat Diplomacy was to the 19th Century. In such a context, Russia is forced to respond asymmetrically.

Energy Markets in Emerging Economies addresses current key issues, new opportunities, and various growth strategies relating to the energy markets in key emerging economies. The book addresses key aspects, including key oil and gas energy markets, and their strategic ties to global petrochemical and chemicals, shale gas, and renewable energy growths. It also provides insights on business strategies and market expansion strategies employed by MNCs and state-owned companies in maintaining and defending their positions in the global market, and in developing new markets and opportunities globally, particularly in China, India and the Middle East. The strategic implications of the global oil and gas prices fluctuations on the industries are also discussed. The practical and theoretical perspectives within the commercial context addressed in this book provide a clearer understanding of the energy markets and their leading players, relevant not only to industry players, but also interdependent markets.

A Foreign Affairs Best Book of the Year on Eastern Europe and the Former Soviet Republics The Russian oil industry—which vies with Saudi Arabia as the world’s largest producer and exporter of oil, providing nearly 12 percent of the global supply—is facing mounting problems that could send shock waves through the Russian economy and worldwide. Wheel of Fortune provides an authoritative account of this vital industry from the last years of communism to its uncertain future. Tracking the interdependence among Russia’s oil industry, politics, and economy, Thane Gustafson shows how the stakes extend beyond international energy security to include the potential threat of a destabilized Russia. “Few have studied the Russian oil and gas industry longer or with a broader political perspective than Gustafson. The result is this superb book, which is not merely a fascinating, subtle history of the industry since the Soviet Union’s collapse but also the single most revealing work on Russian politics and economics published in the last several years.” —Robert Legvold, Foreign Affairs “The history of Russia’s oil industry since the collapse of communism is the history of the country itself. There can be few better guides to this terrain than Thane Gustafson.” —Neil Buckley, Financial Times