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The shale revolution has transformed global gas markets and turned the United States into the world’s leading producer. Now a net LNG exporter, the U.S. has challenged established exporters and changed the old pricing order. Europe, which is increasingly reliant on gas imports, is turning to American exports to reduce its dependency on Russia. In Asia, China sees massive growth potential in natural gas.
Dr. Carole Nakhle
The digitization and electrification of the transport and heating sectors, as well as the robotics revolution in industry, have many excited about conserving energy and improving efficiency. But those hopes may be ill-placed: all those factors point toward increased electricity usage in Europe in the years to come. That could mean the EU's energy policies for the next couple of decades overly optimistic, if not entirely unrealistic.
Dr. Frank Umbach
A senior American diplomat let slip that North Korea makes $1 billion a year on coal exports, mostly to China. That will come as a surprise to anyone who puts faith in UN sanctions to block Pyongyang's nuclear program. It is also grim news for Chinese coal producers, who are on the verge of financial collapse.
Russia’s economic model is exhausted. The country can no longer rely on its economy growing on the back of rising oil prices, warn analysts. Problems that Russia could once afford to ignore will now come to the fore unless the government undertakes structural reforms to increase investment and unlock higher economic growth rates.
Professor Stefan Hedlund
Dr. Michael Wohlgemuth