The U.S. shale revolution continues to alter gas markets
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.
Turkmenistan comes into focus
Long neglected by all but devoted regional specialists, Turkmenistan has recently begun to matter in international politics. The reason is a sharp drop in energy prices, which has turned the gas-rich country into an economic basket case, and the deteriorating security situation in Afghanistan. Both developments have Russian and Chinese policymakers concerned about their vital interests in Central Asia.
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.
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.
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?
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part of its energy security scheme and still backs the nuclear deal with Tehran from which the United States has withdrawn.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.
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.