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Showing posts with the label Energy Resources

China’s Oil Investment Falls, Raising Security Risks – Analysis ( Source- Eurasia Review / Author- Michael Lelyveld)

Image credits- Wikimedia Commons / Daniel Case) Source- Eurasia Review Author- Michael Lelyveld A steep drop in China’s oil investment may make it more dependent on imports than ever and more determined to advance its interests in the South China Sea, recent data suggests. So far this year, China’s growth in fixed-asset investments (FAI) like buildings and machinery has fallen short of forecasts with a major decline in the petroleum sector, according to official reports. While overall FAI, outside rural households, rose 10.5 percent in the first four months of the year, investment in the oil and gas sector plunged 27.5 percent from a year earlier, according to the National Bureau of Statistics (NBS). The sharp cutback is a reaction to low crude prices and profit pressures on China’s state-owned oil companies, analysts say. The result was a 5.6-percent dip in domestic oil production to 16.6 million metric tons in April, or an average of 4.04 million barrels

The Emergence Of A Global Energy Network – Analysis ( Source- Eurasia Review / Author- Stewart Taggart)

Source- Eurasia Review Author- Stewart Taggart Can China’s Asia Infrastructure Investment Bank (AIIB) lay the groundwork for a Global Energy Internet? The goals look aligned. The AIIB is keen to invest in infrastructure. State Grid Corp. of China foresees a global energy grid by 2050. Combining the two could create a global pump-priming fiscal economic stimulus that solve a host of collective problems at once — ranging from reducing destructive climate change to spurring economic growth to funding the needs of an aging global population. A Global Energy Grid would be the mother of all economic stimulus projects. It would be built out in phases and completed by mid-century. The logical pathway looks remarkably obvious. The place to start would be Asia, the world’s fastest growing region, where much infrastructure is yet to be built out for the first time. Asia is also the world’s fastest growing regional economy and its largest single trading bloc. Deepen

China Can't Solve Russia’s Energy Technology Trap ( Source- The Diplomat/ Author- Morena Skalamera)

Image credits- Wikimedia Commons/ Author- Ulrich Source- The Diplomat Author- Morena Skalamera While the EU has been historically dependent on Russian oil and gas supplies, this dependence has proved to be a two-way street, with Russia dependent on European goods and technology. This trade has nonetheless remained asymmetrical: Russia imports equipment, consumer goods, and high value-added products (such as luxury garments, cars, and foods), while it exports raw materials. Today Russia’s hydrocarbons are becoming harder to find and more expensive to produce even though the country’s technologically underdeveloped economy relies increasingly on the revenues they ensure. Moreover, despite possessing over 30 percent of global gas supplies and unconventional gas reserves that are estimated to be ten times larger than those in all of Europe, today’s Russia is heavily reliant on Western technology to boost energy extraction and develop these promising resources. Russia’s ec