Oil, gas, nuclear, renewables, energy prices, electricity and climate issues. Scenarios, forecasts and analysis from Geopolitical Intelligence Services (GIS) experts on energy trends.
The future of LNG for Europe
LNG is undergoing a production boom worldwide, mostly driven by the industry’s rapid growth in the United States. This could have profound effects on Europe, which has already become the largest buyer of American LNG. As a result, big changes are coming in the global gas market, as countries like Russia and Qatar jockey to compete.
Opinion: Venezuela’s endless endgame
Bankrupt and in an economic freefall, Venezuela has become the scene of a humanitarian drama. The opposition is finally unified and appears close to being able to push the die-hard Chavista regime out. Much of the outside world, including Latin America, Europe and the United States, is eager to help, but the devil, as always, is in the detail.
The long ‘bridge’ of carbon capture and storage technology
Reducing carbon emissions to reach environmental goals will require many different approaches, not just a transition to renewable energy sources. One important technology is carbon capture and storage, or CCS. Its potential for reducing CO2 emissions is significant, but high costs and uncertainties are slowing its development.
The global battery race: Europe’s strategic perspectives
Slow at first to pick up on the disruptive nature of battery technology, Europe is now aiming to give the industry a boost. The U.S. and Asia, especially, have a head start. The stakes are high: if Europe loses out, not only could it suffer economically, it could also lose geopolitical influence to China.
Mexico’s oil sector reforms face a challenge
Six years ago, Mexico began the process of reforming its oil and gas sector, opening it up to private investment and ending the monopoly of its state-owned oil company. The election of President Andres Manuel Lopez Obrador has changed all that. Mexico is heading back toward resource nationalism, but stands to lose out in the ultra-competitive global oil market.
2019 Global Outlook: Market forces move developments in energy
2019 begins with the U.S. a dominant producer of oil and gas, while OPEC has allied with countries like Russia to try to put a floor under prices. Green energy sources continue to rise in popularity, but still have only a small impact on global consumption. And while developed nations phase out coal, developing countries will likely remain dependent on the fuel for the foreseeable future. How will all of these factors affect the global energy market going forward?
Angola’s new leader reaches out to the West for help
Angola has recently become one of the most stable countries in sub-Saharan Africa. It now hopes to rebuild its agriculture, education and navy, as well as jump-start investment in the oil sector and broaden its foreign relations base to include Western powers – all before deteriorating living conditions turn the population against the government of Gen. Joao Lourenco.
U.S.-Iran confrontation puts the EU in a quandary
The European Union has hoped to make Iran an important part of its energy security scheme and still backs the nuclear deal with Tehran from which the United States has withdrawn. As the world’s fifth largest and OPEC’s third-largest oil producer gropes for ways to circumvent American sanctions against its oil exports, however, the EU can only do so much to help Iran. Geopolitical and economic facts of life are making it hard for the Europeans to ignore the unilateral U.S. abrogation of the treaty.
Venezuela: How not to run an oil sector
Venezuela sits on the world’s largest oil reserves but it is not even one of the top 10 global oil producers – and output is falling sharply. Socialist, resource-nationalist policies implemented by former President Hugo Chavez – and continued by President Nicolas Maduro today – are behind the country’s poor performance. With an utter economic dependence on oil, the country has become destitute. Only a drastic change in policy can reverse Venezuela’s course.
GIS Dossier: Japan’s search for an energy strategy after Fukushima
Since the 2011 Fukushima Daiichi accident, Japan has sharply decreased its reliance on nuclear energy. Following years of deliberations weighing nuclear’s inherent risks against the expense of energy imports and climate protection obligations, the government of Prime Minister Shinzo Abe has decided that by 2050, about one-fifth of the country’s power will be coming from strictly regulated nuclear facilities.