Given Europe’s energy crisis prompted by the war in Ukraine and US Assistant Secretary of State Donald Lu’s supportive comments while in Ashgabat, I was recently asked to discuss whether particular countries, such as Turkmenistan, in Central Asia might possibly become suppliers of gas to Europe. What are the prospects for transporting Turkmen gas toContinue reading “Turkmen Gas to Europe?”
Tag Archives: Russia
Europe’s Energy Crisis
I recently did an interview with the Baku Tribune on the current energy crisis and related issues. I thought it might be interesting to post this here given that the crisis seems unlikely to be resolved in the near future. Q: What is the outlook for the G7’s proposed price cap? First of all, weContinue reading “Europe’s Energy Crisis”
OPEC+ cuts output, Russian oil price cap proposals move forward
Three weeks ago, we noted that sanctions continued to tighten on Russia and asked whether China would come to Moscow’s rescue (no it wouldn’t we concluded). However, three weeks on from the initial question and it appears that OPEC+ has instead decided to come to Russia’s aid. That may not be too surprising – RussiaContinue reading “OPEC+ cuts output, Russian oil price cap proposals move forward”
Nord Stream Too? Russian gas to Europe further disrupted
This morning we are all reading headlines about a series of explosions on both the existing Nord Stream 1 pipeline between Russia and Germany and its almost-complete – but dead in the water – counterpart, Nord Stream 2. Three explosions took place and large volumes of gas have been released from the shut-down pipelines intoContinue reading “Nord Stream Too? Russian gas to Europe further disrupted”
China’s latest Natural Gas Development Report – focus on market dislocation
China recently released its Natural Gas Development Report for 2021, which reviews recent developments in the country’s gas sector and sets out plans for the years ahead. This is the seventh in the series to date. The focus of the report is different from that of last year. In 2020 the focus was largely onContinue reading “China’s latest Natural Gas Development Report – focus on market dislocation“
Political risks in global energy
Energy companies around the world face a wide variety of risks and deal with these in their everyday course of business. These risks include technical, commercial and financial risks, all of which companies attempt to model, analyse and mitigate before taking investment decisions with substantial up-front costs and long-lasting payback periods. One other important challengeContinue reading “Political risks in global energy”
Outlook for oil prices and the LNG market
I was recently interviewed by a European business magazine on the outlook for oil prices and the global gas market, which I thought I could usefully turn into a blog this week. What’s happening in the oil market, production was first cut and now it’s been increased again. How much of this is about politics?Continue reading “Outlook for oil prices and the LNG market”
OPEC+ extends output cuts for a month
Prices rising but a challenge from compliance and a threat from the shale recovery Late last Friday night I was asked to comment by a well-known journal on what OPEC+ might do about oil production, given that their next meeting was fast approaching. I said I thought they would extend their 9.7 mbd cut fromContinue reading “OPEC+ extends output cuts for a month”
Capex challenges for the oil and gas sector
Negative outlook for US domestic production and its energy strategyEarlier this week I realised that output levels, and the profitability of production at these depressed price levels, was an interesting topic to look into since current oil prices appear too low to enable most producing countries and companies to operate profitably. Capital expenditure features heavilyContinue reading “Capex challenges for the oil and gas sector”
OPEC+ agree output cuts
Over the past weekend OPEC+ (OPEC plus Russia – and now plus a few other countries as well) announced that it had reached an agreement to cut oil production in response to the dramatic falls in oil demand following the economic dislocation caused by the Covid-19 virus. Supply/DemandGlobal oil demand is around 100 million barrelsContinue reading “OPEC+ agree output cuts”
Global Energy Comment 