The gusher of liquefied natural gas ready to set sail on the world market in the next five years creates challenges for traditional gas suppliers, Russia’s Gazprom among them. State-owned Gazprom is Europe’s biggest natural gas supplier, and it has turned east to China in recent years for new growth and a rival market to… Keep reading →
At the next Arctic Council Ministerial Meeting held in Iqaluit, Nunavut (Canada) on 24-25 April 2015, the US will take over chairmanship of the Arctic Council from Canada for the next two years until May 2017. This comes at a time of unprecedented geopolitical volatility and tension – at least since the end of the Cold… Keep reading →
The next winter is approaching fast in natural gas terms. While temperatures are slowly rising in the Northern Hemisphere and the cherry blossoms around the Tidal Basin in Washington, DC hit peak bloom over the weekend, across the pond the EU Commission kicked off a fresh series of trilateral gas talks between Russia, the Ukraine… Keep reading →
Following on this week’s post on increased domestic energy production that is backing out imports, we see that the U.S. remained No. 1 in the world in the production of petroleum and natural gas hydrocarbons last year, according to the U.S. Energy Information Administration (EIA). The government agency responsible for quantifying all things energy says that… Keep reading →
Western economic sanctions against Russian oil and energy interests are steadily playing out, this time affecting French oil major Total S.A.’s ability to finance part of the $27 billion Yamal liquefied natural gas (LNG) project in the Russian Arctic. Reports broke toward the end of last week that Total will seek as much as $15… Keep reading →
The Dow Jones industrial average rose into positive territory for the year after a difficult stretch for the market last week.”Traders welcomed a government report showing that consumer spending and incomes rose in February. Another report hinted at strong start to the spring buying season.Energy stocks were among the biggest gainers, bucking a slide in… Keep reading →
Three sources, speaking on condition of anonymity, said last week that the much touted Power of Siberia (POS) natural gas pipeline to be built by Russian gas giant Gazprom and earmarked to bring natural gas from two new fields in Russia to China could be delayed. The sources said that the pipeline could… Keep reading →
The EU executive is to unveil radical and ambitious plans on Wednesday to establish a single European market in an attempt to weaken the Kremlin’s grip on Europe’s gas supplies. “The far-reaching scheme would also strengthen the power of Brussels against national energy regulators; boost consumer choice transnationally when buying electricity services; generate a bonanza… Keep reading →
German-Turkish-Russian ‘Energy Security Triangle’: Building Long-term Resilience while Defusing Geopolitical Tensions The recent Munich Security Conference in the Bavarian capital brought together – as it does every year – important decision-makers in international politics, including heads of state and government along with foreign and defense ministers to discuss “hot” foreign and security policy issues. This year’s… Keep reading →
Russia’s currency crisis has caused Apple to boost iPhone prices, Ikea to suspend sales and regulators in Moscow to slash vodka prices. But this may be the most unusual fallout yet of the plunging ruble: China’s National Meteorological Center warned its weather forecasting abilities may be hampered by Russia’s currency problems. “Our weather forecasts might… Keep reading →
