Oil and gas pins its hopes on new technologies
In our greening epoch, the challenge for the oil and gas industry is to continue delivering fuels that world economies still need while minimizing the impact of its activities on the environment and making consumption of its products more efficient. Advances in technology are making these ambitious goals possible.
GIS Dossier: How Turkey scored big in the gas pipeline game
Sitting at the intersection of important energy transfer routes, Turkey is an active participant in the high-stakes pipeline game between the European Union, Russia and the Caspian region energy producers. Ankara has increased its geopolitical heft and secured earnings from gas transit fees but at the price of making Turkey more dependent on Russia. This has important implications for Europe.
The future of Ukraine’s energy transit status
With a key contract expiring next year, Ukraine’s role in transmitting Russian gas to Europe is uncertain. The planned Nord Stream 2 pipeline threatens to circumvent Ukraine, which has offered lowered gas transit rates to Gazprom if it scraps the new project and allows other exporters to pass through the country. Russia is uninterested in such a deal, but rising forecasts of European gas demand may mean that the Kremlin must continue to rely on Ukraine or find other options.
Regional integration at the Three Seas summit
With the third summit of the Three Seas Initiative, the countries of Central and Eastern Europe are trying to come together on issues like energy and infrastructure. The effort comes after several failed attempts at regional integration in the 20th century, and this one remains mostly on paper. If the European Union and outside investors will buy into the idea, several proposed projects could help lift all boats.
Turkey’s energy foreign policy at a crossroads
Energy cooperation between Turkey and Russia has ramped up in recent years. If it grows any closer, it could threaten EU interests, especially the key Southern Gas Corridor project. But Turkey's own interests are also at risk if its dependence on Russian gas supplies grows. The question is whether President Recep Tayyip Erdogan will prioritize diversification – and therefore cooperation with the EU and Azerbaijan – or placating his domestic political allies.
Algeria after Bouteflika
After nearly two decades under the leadership of President Abdelaziz Bouteflika, Algeria will face several challenges when he ultimately leaves office. The new era will come at a time when Algeria’s economic, energy, and security situations are also in transition. As the country is an important regional actor on terrorism and migration, the aftermath will be closely watched in the region and Europe.
In fractured Libya, it’s about oil
As Libya’s civil war sputters on, the country’s principal source of revenue remains its oil fields. The feuding Tripoli and Tobruk governments have allowed the National Oil Corporation to keep managing operations, with the Central Bank of Libya apportioning revenue among the various factions. Now, a power struggle is disrupting the flow of oil and cash as General Khalifa Haftar squares off against Fayez al-Sarraj’s Government of National Accord.
Opinion: Russia returns to Africa
Russia is making a big push for closer ties with African countries. It aims to gain access to energy resources and in return offers military support and arms sales. Its goals are not only economic, however. It wants to show its people and the world that it is still a global power, as well as challenge the U.S., Europe and China as they make their own inroads on the continent.
Algeria’s ‘system’ hangs tough
Algeria seems headed down a road already taken by other resource-rich authoritarian countries like Venezuela. Low oil and gas prices have made it harder for a crony oligarchy to buy off the public with subsidies and benefits. Their latest expedient to stave off reforms is to use the central bank to fund a government stimulus program, but that only delays the day of reckoning.
Lebanon’s condition moves toward critical
Lebanon today is the world’s only country that has two armies and two governments in peacetime. Its shadow government wields more power than the official one, while its economy, politics, military, soil, water and even the air is toxic. Interference from its neighbors has negated any chance of pulling the country back together.