It is easy to see why the recent Russia-China pipeline deal, encompassing some $400 billion of gas over 30 years, would make policymakers on both sides of the Atlantic cringe, especially since it comes just days before the G-7 leaders meet in Brussels to discuss how to isolate Russia. But while there are many reasons for the West to dislike the gas deal, it may not as bad as it seems. In fact, it may offer some unforeseen benefits – even for the United States. Gal Luft explains.
It is easy to see why the recent Russia-China pipeline deal, encompassing some $400 billion of gas over 30 years, would make policymakers on both sides of the Atlantic cringe, especially since it comes just days before the G-7 leaders meet in Brussels to discuss how to isolate Russia. But while there are many reasons for the West to dislike the gas deal, it may not as bad as it seems. In fact, it may offer some unforeseen benefits – even for the United States. Gal Luft explains.
It is easy to see why the recent Russia-China pipeline deal, encompassing some $400 billion of gas over 30 years, would make policymakers on both sides of the Atlantic cringe, especially since it comes just days before the G-7 leaders meet in Brussels to discuss how to isolate Russia. But while there are many reasons for the West to dislike the gas deal, it may not as bad as it seems. In fact, it may offer some unforeseen benefits – even for the United States. Gal Luft explains.
In this Appendix to a Note on European gas supply diversification, Lord Howell writes that the UK fracking issue is being oversold and politically mishandled.
Rarely has the future of energy been more aggressively targeted by what many may consider some of the world’s most staid institutions. However with cooperation and support over the last decade from the World Bank and even NATO, the Sahara Wind Project is bringing much needed power to one of the neediest regions of the world. From its operating 380 MW wind power base, Morocco’s wind capacity will reach 800 MW by the end of 2014. Mauritania is also a partner and beneficiary country of this project that may hold the key for unlocking the human, and industrial, potential of this region of the world.
China’s interest in the South China Sea and its potential sub-sea fossil fuel resources has implications for nations across the region and beyond. Answering when and how these interests may manifest themselves in concerted foreign policy actions exercised by China or other littoral states in the region is a major analytical objective of Part I of this two part article series focused on the nexus between natural resources and potential military action in the South China Sea neighborhood.
While Asia has quickly become a major magnet of global oil demand, less noticed have been Asian efforts to develop regional oil hubs. This article explores the challenges and benefits to Asia of developing significant oil storage capacity and the complexities of launching benchmarks (markers) against which regional trading and price adjustments can be made.