EMerging Equity
LNG
The Military Gambit Behind Putin’s Arctic Ambitions For Russian Oil
By James Henderson The United States Geological Survey has estimated that the Arctic regions contain around 130 billion barrels of liquids and 47 trillion cubic metres of gas, equivalent to 22% of the world’s undiscovered hydrocarbon resources. It is hardly surprising then that all the countries whose coasts encircle the region, the US, Canada, Greenland, Norway … Continue reading
China Postpones Deal On Russia’s Alati Gas Pipeline Due To Economic Slowdown
The signing of the gas supply contract with China via the Altai pipeline, known as Power of Siberia 2, is being postponed for an indefinite period, Vedomosti newspaper reports. The Russian news agency cited two federal officials explaining that China is reviewing its energy needs due to the economic slowdown. The move is a significant blow to Russia as back … Continue reading
Hopes High In Pakistan To Solve Energy Crisis With Iran-Pakistan Pipeline, Following Landmark Nuclear Deal
Pakistan is hoping to benefit from a historic nuclear deal that Iran and six major world powers (P5+1) reached on Tuesday, following over a decade of negotiations with an agreement that could transform the Middle East. Pakistan has been struggling with an energy crisis as rolling blackouts for several hours a day are common in its urban and rural areas … Continue reading
India’s Gas Output To Rise 60% By 2019, But Not Enough To Meet Domestic Demand
India’s natural gas output is forecast to increase by about 60 percent by 2019, however this will not be enough to meet domestic demand, according to an annual report published by the oil ministry, The Economic Times reports. Despite the forecast for a 60 percent surge in natural gas output in the next four years, this will only be sufficient … Continue reading
Qatar Reforms Budget Policy, Pushes Back Fiscal Year End
Qatar’s emir, Sheikh Tamim bin Hamad Al -Thani, issued a law Tuesday on the financial system of the State that will push back the end of fiscal year 2014/2015 for the General State budget to December 31 from March 31, the official Qatar News Agency reports. The new financial system law will also give additional power to the … Continue reading
New EU Energy Union Looks To Break Dependence On Russia
By Alina Yablokova and Global Risk Insights On February 25, the European Commission presented its Energy Union package of proposals, a first major step made by the European legislators to realise the strategy of coordinating the energy policies of the 28 EU member states. Indeed, the European Commission envisages a union that speaks with one voice … Continue reading
Egypt Set To Sign LNG Deal With Russia’s Gazprom
Egypt expects in the coming days to finalize agreements with four major foreign suppliers of liquefied natural gas (LNG), including Russian energy giant Gazprom, the Al-Yaum As-Sabia daily news portal has reported. The report quoted the chairman of the state-run Egyptian Natural Gas Holding Company (EGAS), Khaled Abdel Badie, as saying that a joint agreement … Continue reading
Gazprom Reinforces Grip On Baltic With LNG Terminal Plan
By BNE Russia plans to build a giant liquefied natural gas (LNG) terminal on its Baltic coast that could disrupt efforts to construct a pan-regional facility to serve Latvia, Lithuania and Estonia. Russian gas giant Gazprom said on January 22 that it will build an LNG terminal at the sea port of Ust-Luga. The facility is planned to be capable of … Continue reading
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