Russia has taken a big step towards taking control of the European gas market

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By signing a deal last week to develop the giant Chalus gas field in the Iranian sector of the Caspian Sea worth $ 5,4 trillion, Russia has taken a big step towards taking control of the gas market in Europe, writes the American publication OilPrice.

The Russians will get the bulk (40%), followed by the Iranians (32%) and the Chinese (28%). The billions in capital investments are expected to come from European banks, as the reserves of raw materials in this field exceed initial estimates.



In the words of one of the senior Russian officials who participated in the negotiations on the deal: "This is the last step in securing control over the European energy market."

- says the publication.

Earlier, the reserves of "blue fuel" in Chalus were estimated at 3,5 trillion cubic meters. m., i.e. accounted for ¼ of the Iranian supergiant gas field "South Pars" with its 14,2 trillion cubic meters. m. of raw materials. South Pars accounts for about 40% of the total estimated gas reserves in Iran, which amount to 33,8 trillion cubic meters. m. and about 80% of all gas production in the country.

Now, after the revaluation, Chalus' reserves have doubled. The reconnaissance was carried out by the Russian side. It turned out that the field itself is double, divided by a small 9-kilometer section. The "Big Chalus" has 5,9 trillion cubic meters. meters of gas, and in "Maly Chalus" - 1,2 trillion cubic meters. m. In total, this is 7,1 trillion cubic meters. m. important energy raw materials. Moreover, after the revaluation, the total reserves of natural gas in Iran rose to 40,9 trillion cubic meters. m, which made this country the owner of the richest reserves of "blue fuel" on the planet
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In addition to its enormous geopolitical importance for Moscow, which received a stake in Chalus in addition to the current gas supplies that it controls, it expects to receive huge financial benefits from its participation in this project. The Russians have calculated that in 20 years they will be able to extract 10% of the field's reserves and earn at least $ 450 billion if the average annual gas price on the European market is $ 800 per 1 cubic meters. m., summed up the media from the United States.
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    1. Oleg Valevsky
      Oleg Valevsky
      -14
      18 November 2021 21: 24
      $ 800 per 1 cubic meters m?
      Price "over 20 years"?

      Apparently someone believes that scientific and technological progress (STP) in Europe is the same creaky cart as STP in the Russian Federation ...

      No one, of course, doubts that in 20 years in Russia, not only gas, but even deadwood will be expensive (and in 200 years too), but the price of hydrocarbons in the EU (and in the other developed world) will clearly not be the same as now . And it's not a fact that demand will remain
      1. DV tam 25
        DV tam 25
        +3
        19 November 2021 01: 44
        Only fools do not doubt. But they can. That's why they are fools). There will be demand for hydrogen and the price will be in line with demand. And then also). But all normal people doubt whether it will be? What will happen? Will everything be? But you do not doubt it.
      2. Ulysses
        Ulysses
        0
        19 November 2021 21: 51
        Apparently someone believes that scientific and technological progress (STP) in Europe is the same creaky cart as STP in the Russian Federation ...

        All "scientific and technological progress (STP) in Europe" is still not able to make the wind constantly blow into the windmills. feel

        Coal-fired CHPPs have to be commissioned again.
        The sad reality is against voluntarism and hate speech. smile
    2. gorenina91
      gorenina91
      -6
      19 November 2021 03: 38
      Russia has taken a big step towards taking control of the European gas market

      - And why should Russia be happy and "touched" ???

      after the revaluation, the total reserves of natural gas in Iran rose to 40,9 trillion cubic meters. m, which made this country the owner of the richest reserves of "blue fuel" on the planet

      - Well, yes ... - so what ??? - What ???

      In addition to its enormous geopolitical importance for Moscow, which received a stake in Chalus in addition to the current gas supplies that it controls, it expects to receive huge financial benefits from its participation in this project. The Russians have calculated that in 20 years they will be able to extract 10% of the field's reserves and earn at least $ 450 billion if the average annual gas price on the European market is $ 800 per 1 cubic meters. m., summed up the media from the United States.

      - Yes, of course ... - And the whole world (including China, which has already thoroughly "settled" in Iran) will just stand there and open its mouth to watch and applaud Russia !!!
      - Damn, Russia with its SP-2 chimney cannot "go out to the people" in any way - tk. "bad people" (sorry - for the tautology) do not allow this to be done ... - "Bad people" simply want - to also be the owners of the SP-2 pipe; and they also want to extend the "happy time", which allows them to simply get crazy money out of thin air on the spot market, "trading Russian gas" ... - And where is Russia with its gas today ??? - Only the lazy does not dictate to Russia on the "gas issue" today; - in the West - Europe dictates; and in the East - China dictates ...
      - And Russia has also managed to dig up huge reserves of "foreign gas", which at cost prices will be several times cheaper than Russian gas, which must be produced beyond the Arctic Circle, and then through pipes to supply this gas for thousands of kilometers ...
      - Well, tomorrow cheap Iranian gas will simply bring down the price of gas and ... and ... and where will Russia go with all its gas pipes ... ... - but why ... here ... explain here - here and everything is clear to the child ...
      1. Valera75
        Valera75
        -1
        19 November 2021 21: 28
        Well, tomorrow, cheap Iranian gas will simply bring down the price of gas and ... and ... and where will Russia go with all its gas pipes ... ... everything is clear to the child ...

        Do you need an infrastructure where it will be downloaded and sold? Terminals for liquefied gas, and this still needs gas carriers that need to be built or bought, and if you buy then you have to wait for them when they are built. , since the demand for them is growing. Well, the main enemy of the United States will poke a spoke in the wheels, since I am sure that it is they who in Europe hold a large price tag for gas, since their LNG will also be expensive and they need to start up their fields again to extract shale gas and with a cheap gas price no one will invest in these projects as usual and as always they will go bankrupt. So there will be no collapse of the gas price by Iran in the coming years either.
    3. Scharnhorst
      Scharnhorst
      0
      19 November 2021 14: 23
      Do not look so gloomy into the bright future! wink To follow the example of the West in plundering other people's resources with a 40% share is the right decision for Russia. I would also join if the shares go on sale. The main thing here is to correctly build logistics. It goes without saying to build a "Caspian Stream" to Astrakhan, and as an alternative for Export - to build nuclear gas carriers for the development of remote and not very markets by sea.