Energy

Cyprus escalation could drill hole in Irish sacred cow of neutrality

Europe Letter: Danger of war of words escalating into military conflict remains real Patrick Smyth The Irish Times The publication by the Institute of International and European Affairs of a new analysis of Irish neutrality by Prof Patrick Keatinge is timely. It comes just as fellow EU member Cyprus looks to its partners for solidarity – at this stage just political – over the illegal incursion by Turkish drilling ships into its Aegean territorial waters or Exclusive Economic Zone (EEZ). The move, which has ... Read More »

A Trans-Caspian Gas Pipeline: Start Small but Aim Big

In the long-run, such a project would yield great economic and geopolitical dividends. Luke Coffey The National Interest In 1906, the first energy pipeline in the South Caucasus was completed, connecting Baku on the Caspian Sea with Batumi on the Black Sea. The pipes used in the construction were actually made in Mariupol, Ukraine—an indication of the broader region’s interconnectedness which prevails to this day. That first pipeline measured a mere eight inches in diameter and transported kerosene. Today, more ... Read More »

Turkey on collision course with Egypt over drilling off Cyprus

Cairo’s reaction also shows anger at the destabilising role that Turkey has been playing in the region and its interference in Egypt’s affairs and those of other countries in the region. Amr Emam The Arab Weekly CAIRO – Relations between Egypt and Turkey are expected to deteriorate after Cairo warned Ankara against drilling off Cyprus. The Egyptian Foreign Ministry said May 4 that it followed “with concern Turkish plans to drill off the western coast of Cyprus,” warning of ramifications ... Read More »

Italy opposes Poseidon gas pipeline landfall

Italy will not allow the Poseidon gas pipeline being developed by Italy’s Edison and Greece’s DEPA to make landfall as planned in southern Italy, the Italian prime minister said on… Reuters ekathimerini The Poseidon, which has permits to run from Greece to the southern Italian town of Otranto, is the final section of the EastMed pipeline that aims to bring gas reserves from the… “The government is certainly not interested at present in building the final tract of Poseidon as ... Read More »

Global inequality is 25% higher than it would have been in a climate-stable world

Those least responsible for global warming will suffer the most. Poorer countries – those that have contributed far less to climate change – tend to be situated in warmer regions, where additional warming causes the most devastation. Nicholas Beuret The Conversation Extreme weather events such as Syria’s prolonged drought, South Asia’s catastrophic monsoon floods, and Cyclone Idai in South-East Africa, the third deadliest cyclone on record, are becoming more likely and more severe. These events are disproportionately bringing death, displacement, ... Read More »

Message to the EU: you have the chance to stop fuelling devastation in the Amazon

The effects of European consumption are being felt in Brazil, driving disastrous deforestation and violence. Authors: The Conversation But the destruction can end if the European Union demands higher environmental standards on Brazilian goods. Hundreds of scientists and Indigenous leaders agree: the time to act is now, before it’s too late. In an open letter published today in the journal Science, more than 600 scientists from every country in the European Union (EU) and 300 Brazilian Indigenous groups asked the ... Read More »

Clouds gather over Turkey’s nuclear ambitions

In early December 2018, five years after Turkey and Japan signed a bilateral agreement concerning the construction of four nuclear reactors in the city of Sinop on the Black Sea, the project looks like it might be shelved. Pantelis Oikonomou ekathimerini According to foreign news agencies, the Japanese-French consortium is set to abandon the project. The consortium says that delays in launching construction have more than doubled the estimated costs. Tougher international safety measures that came into force following the ... Read More »

The Risks of Maximising Pressure on Iran

The Trump administration’s “maximum pressure” campaign against Iran is more likely to fuel resistance and retaliation than capitulation. Ali Vaez ICG Washington should heed past lessons lest it provokes a new nuclear crisis or a regional escalation. The U.S. decision on 22 April to end sanctions exemptions for Iran’s remaining oil customers, following on an earlier designation of the Islamic Revolutionary Guard Corps as a Foreign Terrorist Organization (FTO), significantly escalates the… The intent is clear: bankrupt Iran into… The Risks of… Read More »

US to end Iran oil waivers to 8 countries, including Turkey

The United States announced on April 22 it will no longer grant sanctions exemptions to eight countries, including Turkey. Washington Hurriyet The White House said that Saudi Arabia and the United Arab Emirates- close U.S. allies that back President Donald Trump‘s hawkish stance against regional rival Iran– would work to make up the difference in oil to ensure that global markets are not rocked. “This decision is intended to bring Iran‘s oil exports to zero, denying the regime its principal source of revenue,” ... Read More »

The oil and gas of Lebanon tempts the appetite of its neighbours

With three fronts potentially encroaching on its oil and gas-rich waters, Lebanon has few options for international arbitration. TRTworld Lebanon has 95.9 trillion cubic feet of gas and 865 million barrels of oil in just 45 percent of its economic waters; enough to ignite the closed Mediterranean region. To the south, its neighbour Israel claims ownership of 860km of the exclusive economic zone of Lebanon, to the north Syria is drowning in war, then there is Cyprus, which is lost ... Read More »

Billions in the Ground: The Race to Harvest North Korea’s Rare Earth Reserves

Recent studies suggest that North Korea could have the world’s largest rare earth elements. Patricia Schouker The National Interest When looking at contemporary geopolitics, often energy and related resource questions are  key in the struggle for influence amongst world powers, as energy can drive or amplify underlying tensions. Today, the attractiveness of traditional oil exploration loses ground with the emergence of new energies and technologies, often produced by “Rare Earths” and the elements they contain. The DPRK could have a ... Read More »

The Critical Role of the Exclusive Economic Zone in the Greek-Turkish Dispute

The legal regime for the Exclusive Economic Zone (EEZ) is enshrined in the Unites Nations Law Convention of the Law of the Sea (UNLOS) on December 10, 1982. Theodore C. Kariotis Part V of that Convention (more precisely, articles 55 to 75) provides for an EEZ “extending 200 nautical miles seaward from the coast.” If all coastal states thus exercised their jurisdiction over their own EEZs, some 38 million square nautical miles would become their “economic patrimony.” The oceans represent ... Read More »

Denmark cannot name timeline for its decision on Nord Stream 2

The need to find an alternative route to the Nord Stream 2 is linked to changes in Danish legislation STOCKHOLM, March 28. /TASS/. The Danish Energy Agency will decide on the Nord Stream 2 gas pipeline after environmental impact of the pipeline route in the exclusive economic zone of Denmark is assessed and public hearings are held, head of the… “The Danish Energy Agency has requested that Nord Stream 2 AG investigate the environmental impacts for a route south of ... Read More »

Energy and security in the Eastern Mediterranean

The discovery of hydrocarbons in the Eastern Mediterranean’s Levant Basin has created new regional security dynamics. Petros Petrikkos Global Risk Insights The quest for power and influence hinders energy and economic cooperation. The growing ‘battle’ for the creation of a pipeline is not easily sustained due to the region’s unstable landscape. Research on the Levant Basin dates back to 2010 when the Leviathan block was first discovered by Ratio Oil. Following this, companies like US-owned Noble Energy and French giant ... Read More »

Global carbon emissions hit record high in 2018, International Energy Agency says

Greater demand for energy and more extreme temperatures saw global carbon emissions reach a record high in 2018 partly because of higher coal use, according to the International Energy Agency (IEA). Sue Lannin ABC Carbon emissions rose by 1.7 per cent in 2018 to a record 33.1 billion tonnes, with coal making up one third of the total increase, according to the IEA’s Global Energy and C02 Status Report. That is despite energy generation from wind and solar farms growing ... Read More »

David McWilliams: Europe is glued to energy-rich Russia

As Putin marks 20 years in power, he knows how much the world needs his country David McWilliams The Irish Times As the train screeches to a halt, the young man, in his slim-fit Tom Ford suit, alights energetically. This is Revolution Square station, deep beneath Moscow’s congested boulevards. Built in 1938, the station is one of the gems of the Moscow metro system, itself one of the finest pieces of public transport infrastructure in the world. Stalin understood symbols. ... Read More »