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Japan US Abe Obama

Energy shortfall reshapes Japan’s foreign policy

Since the Fukushima disaster, Japan has been forced to import much of its energy. This has created significant geo-political and economic risks and has reshaped its foreign policy. In June, Toshikazu Okuya, Director of Japan’s Energy Supply and Demand Office, presented Japan’s fourth strategic energy plan. The plan details policy options for addressing Japan’s future […]

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Source: Wikimedia Commons

Europe moves to reduce energy dependency on Russia

The Ukrainian crisis and sour relations with Russia highlight the need to address the EU’s energy security issues. The recent EU Ypres summit decision might be an important step in this direction. In late May, the European Commission unveiled the new European Energy Security Strategy (EESS) with key recommendations on how to improve the EU’s […]

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Source: timeslive.co.za

Disputes from Maracanã to Marikana put pressure on miners

From Brazil to South Africa and beyond, disputes threaten to disrupt the extractive industry. More than ever, mining firms need to address their social and environmental costs in a sustainable way to quell them. All eyes are on the pitches of Brazil where the world’s top footballers are currently battling against one another. But another fight […]

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President Enrique Peña Nieto

Energy reform in Mexico still presents risks

Mexico’s energy reforms are necessary to revitalize the sector. If the reform process is any indication, however, foreign firms will be wise to enter with caution. So dear to Mexican society is the legacy of Lázaro Cárdenas’s 1938 expropriation of the country’s oil sector that it is still celebrated annually as a national holiday. Perhaps […]

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Liquefied Natural Gas

Midterm elections haunt fracking in Pennsylvania

The political momentum is turning the tide against development of the Marcellus Shale in the Keystone state. Pennsylvanian Governor Tom Corbett is facing a tough reelection in the November midterms. The Washington Post indicated that Governor Corbett is most likely to lose in the gubernatorial race this coming fall. Tom Wolf, a businessman from the […]

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Russia China energy pact

Sino-Russian natural gas deal transforms global energy markets

Sino-Russian energy deal will have profound economic consequences for global energy markets and will have an impact on relations between Russia and the West. On 21 May, Russia and China signed a decade-long negotiated deal on Russian natural gas exports to China valued at $400 billion. According to the agreement, Russia’s gas giant Gazprom will […]

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oil drilling

US Decline Series: Shale transforms the US into a global energy giant

Technological innovations and a positive regulatory framework are transforming the United States into a major energy player that is beginning to change the global energy outlook. This GRI series challenges the myth of the American decline. The US energy boom is not a coincidence. Rather, it is the product of three decades of systematic efforts to […]

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Final agreement with Iran would boost trade but hurt Chinese interests

With the introduction of a comprehensive agreement and the thawing of U.S-Iranian relations, a new era of regional dynamics will be ushered in. Some of these dynamics could adversely impact Chinese national interests in the Persian Gulf and beyond. Changing regional dynamics China has much to gain should P5+1 negotiations succeed. Sourcing upwards of 50% […]

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mexico energy oil pump

Political risk is alive and well in the global oil industry

Despite innovation in the US oil patch, the big stories in oil still lie outside the US—where hydraulic fracturing and innovation in drilling technology are unlikely to play a major role in its extraction. The oil business is likely to remain messy for the foreseeable future. For better or worse, oil will remain central to […]

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Austria Russia gas pipeline

Austria-Russia energy deal exposes EU disunity over Ukraine

A recent gas deal between Austrian energy company OMV and Russian gas exporter Gazprom exposes fractures within the European Union bloc over responses to the Ukraine crisis and threatens the stability of the EU policy-making. When it comes to natural gas diplomacy, member states of the EU have always found it difficult to unite under […]

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