Tag Archives: natural gas

4 challenges facing Egypt’s new president Sisi

Egypt’s newly elected President, Abdel Fattah al-Sisi, inherits a nation embattled by years of turmoil and instability. A bleak economic situation and continued crackdown on opposition and militant attacks are likely to define his time in office. Following Mubarak, Morsi, and military rule, the Republic of Egypt has once again redefined its political landscape with […]

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Petro Poroshenko Ukraine

Presidential elections bring Ukraine closer to the West

The success of the presidential elections and the clean victory of the pro-European candidate Petro Poroshenko will bring Ukraine closer to the West, but the conflict with Russia is likely to continue. The Ukrainian presidential elections took place on 25 May amid the most difficult political situation since the country gained independence from the Soviet […]

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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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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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Mediterranean israel gas rig drilling

Israeli natural gas may reshape Mediterranean energy dynamics

Israeli natural gas exports have the potential to reshape energy dynamics across the Mediterranean, helping Israel and its neighbors to diversify their energy access. Regional political risks, however, loom large over export deals and further exploration. Five thousand feet beneath the surface of the East Mediterranean Sea lies the Leviathan gas field, the largest discovered […]

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oil pump Russia

Lack of energy sector reform holds back Russian economy

Russia remains a leading worldwide energy exporter, but its energy sector remains a laggard in desperate need of modernization. Governmental corruption and a restricted domestic market both stand in the way of infrastructure improvement. Global attention on Russia’s actions toward Ukraine has pulled the dynamics of Russia’s economy into the spotlight. Much of the talk […]

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India wind power

5 energy problems confronting India

India is the world’s fourth largest energy consumer. Its energy needs continue to increase, but national energy shortages and an inadequate energy infrastructure could perpetuate national energy poverty. On March 12, 2014, India and the United States renewed talks regarding cooperation on clean energy. The talks concluded positively with memorandums of understanding for the two […]

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oil meter

Energy sector strongly affected by the Ukrainian crisis

With events rapidly unfolding, energy comes to the forefront in the East-West conflict over Ukraine.  The past weeks in Ukraine have once again shown a close correlation between extreme political volatility and energy markets.  As an immediate consequence of the Russian intervention in the Crimea, the price of crude oil has gone up by more […]

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Russian oil rig

Arctic extraction presents huge potential but high risks

Massive petroleum and mineral reserves in the Arctic region are gradually becoming accessible due to climate change. However, companies face high risks as a result of large investment and operational costs, and logistical challenges mean any serious extraction will take decades. The Arctic was once of interest only to polar scientists and adventurers, but this is rapidly changing […]

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