Monday, August 19, 2019

Tag: Gas

The Dark-Money Cabinet

During the Presidential primaries, Donald Trump mocked his Republican rivals as “puppets” for flocking to a secretive fund-raising session sponsored by Charles and David Koch, the billionaire co-owners of the energy conglomerate Koch Industries. Affronted, the Koch brothers, whose political spending has made their name a shorthand for special-interest...

Egypt’s Sisi defends tough but unavoidable economic reforms ahead of IMF loan

Egypt's President Abdel Fattah al-Sisi has defended what he described as "tough but unavoidable" reforms ahead of a $12bn International Monetary Fund loan to revive his country's ailing economy. "The reforms are tough but they're unavoidable to save the economic situation," Sisi said in an interview published on Saturday by...

Piped supplies of Russian gas to China start in 4yrs

The Power of Siberia gas pipeline, or the so-called eastern route, which is to deliver Russian natural gas to China, will become operational by 2020, according to China National Petroleum Corporation (CNPC) Vice President Xu Wenrong. "The Russia-China gas pipeline will be put in operation in 2019, in 2020 at...

Greece, Greek Cyprus, Israel look into East Med gas pipeline

Greece, Greek Cyprus and Israel said on Sept. 28 they would pursue ways of channeling east Mediterranean gas to Europe via a pipeline to Greece. With significant finds reported in the past decade, Israel and to a lesser extent Greek Cyprus are thought to be sitting on vast quantities of...

Israel to supply gas to Jordan in $10 billion deal

The Leviathan reservoir developers aim to complete construction and development of the field, and begin delivering gas to Jordan, in as little as three years, the Noble Energy statement said. Israel will be supplying critical quantities of natural gas to Jordan upon the development of the Leviathan reservoir as a...

It’s Not Just the Oil. The Middle East War and the Conquest of Natural...

Are the Wars in the Middle East and North Africa Really About Oil? The Iraq war was really about oil, according to Alan Greenspan, John McCain, George W. Bush, Sarah Palin, a high-level National Security Council officer and others. Dick Cheney made Iraqi’s oil fields a national security priority before 9/11. The...

Russia Trumps USA Energy War in Mideast

In a fundamental sense the entirety of the five-year-long war over Syria, as well as the entire Arab Spring from Libya to Egypt to Iraq has been about control of hydrocarbon resources—oil and natural gas– and of potential hydrocarbon pipelines to the promising markets of the European Union. Dick...

Assad’s Death Warrant

Secret cables and reports by the U.S., Saudi and Israeli intelligence agencies indicate that the moment Assad rejected the Qatari pipeline, military and intelligence planners quickly arrived at the consensus that fomenting a Sunni uprising in Syria to overthrow the uncooperative Bashar Assad was a feasible path to achieving...

Will Russia and Turkey Change the Energy Map of Europe?

The meeting between Russian President Vladimir Putin and Turkish President Recep Tayyip Erdoğan during the G20 Summit in Hangzhou has given fresh impetus to bilateral relations and joint projects. This primarily relates to the construction of the Turkish Stream pipeline, which may become one of the key elements of...

New Expectations for Turkish Stream and More

Plans to build the Turkish Stream gas pipeline have reappeared on the political agenda of Moscow and Ankara. After the July 26-27 talks between Russian Deputy Prime Minister Arkady Dvorkovich and his Turkish counterpart, Mehmet Şimşek, both parties confirmed their willingness to resume a dialog on issues of mutual...

How Ankara, Washington plan to achieve regional energy security

When US Vice President Joe Biden recently met with Turkish Prime Minister Binali Yildirim in Ankara, Turkey’s recent attempted coup, Fethullah Gulen and Syria were the main items discussed. However, in a press conference following the meeting with the prime minister, Biden highlighted two other points: The United States...

Turkey signals joint defense plan with Russia

Turkey and Russia will establish a joint military, intelligence and diplomacy mechanism, Foreign Minister Mevlut Cavusoglu said Wednesday. Speaking at Anadolu Agency’s Editors’ Desk, Cavusoglu said the previous day’s meeting between Presidents Recep Tayyip Erdogan and Vladimir Putin had paved the way for closer ties following a nine-month freeze after...

Poland Takes Aim at Putin’s Pipe Dreams

Warsaw may have finally thrown a wrench into the Nord Stream 2 pipeline, Moscow's controversial plan to double down on its dominance of Europe’s energy supplies. This summer hasn’t seen a lot of setbacks for Russia, not even for its Olympic hopefuls. Crimea has been annexed and fully absorbed, with...

Turkish Stream talks strengthen Russia’s positions in gas dialog with Europe

The statements by Moscow and Ankara on the possible restart of the Turkish Stream project have worried officials in the EU. The resumption of Russia-Turkey talks on building the Turkish Stream gas pipeline strengthens Moscow’s positions at negotiations with EU countries, including on Nord Stream-2, although the project of delivering...

India, U.S. Discover Major Natural Gas Reserve in Indian Ocean

A joint expedition by India and the U.S. discovered a major deposit of natural gas in the Indian Ocean, offering the potential to significantly expand energy production in a region that’s currently a big importer. India's Ministry of Petroleum and Natural Gas and the U.S. Geological Survey struck a large,...

What’s Behind Turkey’s Coup & Purge?

With Turkey now undergoing the largest military/governmental purge in modern history, the question of Turkey's future in terms of its domestic stability and structure is in flux and the possibilities facing the world, especially Syria, in regards to any changes of Turkish foreign policy are shaky as well. But...

When Energy Loans Go Bad: Why America’s Largest Bank Is Sliding

Following yesterday's stronger than expected results from JPM, today Wells Fargo - America's largest bank by market cap - is having a far less pleasant day, trading down 3%, on what superficially was disappointing earnings. What was the problem? There were several. First, net income slid to $5.6 billion, or $1.01...

The Role of Sanctions in U.S.-Russian Relations

Sanctions are a critical tool in persuading Russia to change its Ukraine policy. But the West’s overreliance on them risks undercutting their long-term effectiveness. Sanctions have been a central element of U.S. Russia policy following Moscow’s annexation of Crimea and the beginning of the undeclared war in eastern Ukraine. They...

The unknown German branch of Nord Stream 2 will make Germany the key gas...

Despite causing great controversy in the EU, plans to build the Nord Stream 2 gas pipeline are steadily being implemented, write Agata Loskot-Strachota and Konrad Poplawski of the Centre for Eastern Studies (OSW) in Poland. What is more, in May preparations were started for a German land leg of...

Here’s Why Erdogan Is Cozying Up to Putin

Turkey is trying to mend fences with Russia to contain Iran, fight the Islamic State, and improve its standing in an evolving Middle East. Turkey's push to make nice with Russia, as it did this week with Israel, is part of Ankara’s drive to shore up as many friendships as...

Israel’s Reconciliation With Turkey Could Lead to New Energy Deals

Middle Eastern chaos helped heal a six-year rift between Turkey and Israel. But Israel's big reserves of natural gas could fuel much closer ties in years to come. Israel and Turkey agreed to normalize diplomatic relations Monday, six years after an Israeli raid on a Turkish aid ship sent to...

Approval Greenlights Development of Highly Anticipated Leviathan Gas Field

Houston-based Noble Energy has received the green light from the Israeli government to proceed with development of its Leviathan gas field project in the Mediterranean Sea. The project involves a subsea system that connects production wells to a fixed platform located offshore with tie-in onshore in the northern part of...

Putin Praises ‘All-Embracing’ Partnership of Russia, China

Russian President Vladimir Putin on Saturday emphasized economic ties with China and praised what he called Russia's "all-embracing and strategic partnership" with its neighbor, during a visit to Beijing that takes place against the background of a drop in trade and lingering mistrust. Putin told Chinese Premier Li Keqiang that...

China’s Pivot to Putin’s Friends

The Moscow-Beijing partnership is stalling. But Xi is winning over the Russian president’s inner circle with favorable loans and sweetheart energy deals. When Gennady Timchenko — a Russian oligarch and close friend of President Vladimir Putin — was appointed chair of the Russian-Chinese Business Council, an association of more than...

China, Russia expected to sign multibillion dollar high-speed rail deal during Putin’s visit to...

A multibillion-dollar high-speed rail deal between China and Russia is expected to be signed during Russian president Vladimir Putin's visit to Beijing this week, when the two nations are expected to extend military cooperation. China’s foreign ministry spokesman Lu Kang announced on Monday the Putin would start his state visit...

For Russia, Natural Gas Is Losing Its Potency as a Political Weapon

There was a time when Russia could manipulate other countries with its natural gas supplies. It still can, but the threat is less effective than it once was. Ukraine's national natural gas company, Naftogaz, confirmed Wednesday that it will consider negotiating direct natural gas purchases with Russian natural gas giant...

US, Europe Enable Southern Gas Corridor

The first half of 2016 has proved vitally important to the success of the Southern Gas Corridor (SGC), both in terms of the project's physical implementation and also with regard to funding of several segments of the value chain by a number of the project partners, in particular the...

Foolish Greece Now Joins NATO Gas War

Only eighteen months ago prospects for a major southern Europe natural gas pipeline from Russian gas fields across the Black Sea, into Turkey and on to the Greek-Turkish border was in negotiation between Russian President Putin and Turkey’s Erdogan. Turkish Stream as it was called, was proposed in talks...

The US Is Preparing to Oust President Evo Morales

US intelligence agencies have ramped up their operations intended to remove Bolivian President Evo Morales from office. All options are on the table, including assassination. Barack Obama, who sees the weakening of Latin America’s “hostile bloc of populist states” as one of his administration’s foreign-policy victories, intends to buoy...

Eni and BP Make Significant Gas Discovery in Egypt

A new natural gas discovery on the coast of Egypt's Nile Delta has been made by Eni and British Petroleum (BP). The two companies own a 50-50 share of the Baltim South license, the area of the delta in which the “significant” discovery occurred, a statement by Eni said. Over the...

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