The conclusion of Nord Stream 2’s construction through the Baltic Sea poses a range of geo-economic and security challenges – and not only to Eastern Europe. Whether the Biden Administration’s surprising approval of Nord Stream 2 this summer means that the pipeline will soon start operation remains an open question. The US Congress seems to […]
Strategic investment into Ukraine’s energy industry, including its low-carbon gas generation and transportation system would not only have narrowly geoeconomic, but also wider geopolitical implications. Assistance to Ukraine would help Kyiv contain the Kremlin’s ongoing attempts to unleash further socioeconomic instability in Ukraine.
Resolute development of the already explored and accessible Ukrainian resources could result in a substantial increase of Ukrainian gas production. The boost would not only enable the country to fully cover its domestic gas needs, but also make Ukraine largely self-sufficient from an energy perspective. In a best-case scenario, increased production could even allow Ukraine to start exporting gas to or via neighboring European states. This would be feasible because Ukraine’s substantial gas transportation system means that the necessary infrastructure is already in place to bring large amounts of gas to the EU.
With COVID-19 spread across the globe and spikes of cases emerging, economies have fallen into recession and energy markets have been severely impacted, bottoming out in April. The global gross domestic product (GDP) in 2020 is now projected by the International Monetary Fund to decline to -4.9%; global GDP in 2019 was 2.9%. Furthermore, historic […]
Being a small – by land mass – nation on the east coast of the Arabian Peninsula, news about Qatar may not be at the tip of the tongue of global citizens. The population has reached nearly 2.6 million, with only 200,000 being Qatari and much of the balance is composed of migrant workers. However, […]
In Soviet mythology, the health of a country’s economy, national power, and influence in the world are directly linked to the performance of its oil and gas industries. The famous Russian gas project, Nord Stream 2, threatens to disturb the European Union family, emphasizing the contrasting interests of various EU nations. The Castro 10 vessel […]
On paper, Turkmenistan would be a great match for Europe’s energy woes.
Like many other African countries, Mozambique has enormous potential, but there are many gaps to fill. Led by its natural resources, the economy has been booming with real GDP growth reaching 7.4 percent in 2012, seven percent in 2013 and is predicted to reach 8.5 percent between 2014–16, according to the World Bank. London based […]
East Africa is on the verge of personifying an energy transformation. New advances in natural gas, wind, geothermal, solar power and potentially oil are emerging to feed the hungry markets, while large hydro will continue to expand as well. Ethiopia, a country of 92 million and 7+ percent economic growth, has been a driver in […]
The world continues to watch as President Obama and his administration increase their lobbying efforts to convince the Congress and the international community to support a U.S. led military strike in Syria. President Obama went on a media blitz Monday and is expected to deliver his case to the nation today to launch a “limited” […]
The eurozone crisis is back on the international agenda with a very serious crisis unfolding in Cyprus right now. Some Wall Street investors might argue just in time to pull the rising U.S. stock market indices — the Dow Jones hit an all-time high recently — down for a better entry point in order […]
Amidst the host of this year’s forthcoming Twitterverse epitaphs will be yet another neoliberal linguistic invention (think along the same lines as previous ones: globalization and/or glocalization): fracking. Hydraulic fracturing (as it is formally known) is a mix of fracturing and cracking. It is the energy industry practice of exploding shale rock material thousands of meters […]
An LNG tanker sailing from Hammerfest, Norway to Tobata, Japan is due to arrive today. This is the first time that a ship carrying LNG has transited the Northern Sea Route. Developments in shipping LNG in the Arctic have picked up pace lately. Only recently did Norwegian company Knutsen OAS Shipping receive permission from Russian […]
Hydraulic fracturing, or fracking, has drawn a ban in New York City’s watershed, and the New Jersey legislature is contemplating to prevent the transport of wastewater from fracking through the Garden State. What do we need to know about “fracking” to join an informed discussion? In general, all natural gas wells have their highest production rates once brought […]
The world gas market is currently dominated by gas exporting behemoths like Qatar, Russia, Algeria, and Iran. Natural gas is the cleanest fossil fuel–compared to coal and oil–and therefore encourages an increase in power plants that run on natural gas. Many coal-fired power plants in the U.S. are being retrofitted right now because of the abundance […]