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kevinobkirchner

Confirmed: Israel to Supply Gas to Egypt - Global Agenda - News - Arutz Sheva - 1 views

www.israelnationalnews.com/...186340

egypt israel gas tamar dolphinus

shared by kevinobkirchner on 21 Oct 14 - No Cached
micklethwait liked it
  • kevinobkirchner on 21 Oct 14
     
    In a 4 billion dollar deal an Israeli firm agreed to export natural gas to the Egyptian firm Dolphinus Holdings. 2.5 billion cubic meters gas will be exported from the Tamar offshore gas field in which US based Noble Energy owns 36%. The gas would be exported over the pipeline which Egypt had used to export gas to Israel before it was sabotaged 2 year ago. For more than a decade Israel had relied on Egypt for 40% of its gas under a 2005 export accord but Egypt annulled the treaty in April 2012 citing that Israel had not held up their financial obligation.
wmulnea

BP, partner complete $12-billion deal to develop Egypt gas - Oil & Gas Journal - 0 views

www.ogj.com/...deal-to-develop-egypt-gas.html

shared by wmulnea on 09 Mar 15 - No Cached
  • wmulnea on 09 Mar 15
     
    BP has signed an $12 billion agreement to develop natural gas in Egypt. Production will start in 2017 and may result in 1.2 billion cubic feet a day of natural gas being put back into the countries natural gas grid.
fcastro2

Are China and Russia Moving toward a Formal Alliance? | The Diplomat - 0 views

thediplomat.com/...oving-toward-a-formal-alliance

china russia alliance politics

shared by fcastro2 on 04 Feb 15 - No Cached
    • fcastro2
      fcastro2 on 04 Feb 15
       
      Why is this relationship forming now? Ukraine Crisis, they want a multipolar world, China/Japan dispute, & Russia and the NATO expansions. 
    • fcastro2
      fcastro2 on 04 Feb 15
       
      Advocates for China-Russian alliance. Shared strategic interests and possible length of this alliance, U.S. and its Allies threat to Russia leaves in no choice but to side with China, but may lead to another cold war.
    • fcastro2
      fcastro2 on 04 Feb 15
       
      Opponents of China-Russian Alliance. China could be dragged to war by Russia, Russian's unwillingness to be a junior to China, Russia wants good relations with ALL Asian countries. They believe this alliance is unrealistic and a strategic partnership is more reasonable. 
  • ...25 more annotations...
  • China and Russia signed a huge natural gas deal that is worth about $400 billion.
  • China secures a long-term (30 years) provision of natural gas from Russia and Russia can reduce its dependence on the European markets as well as strengthen Russia’s position against Western sanctions
  • Russia is now moving closer to China’s side with regard to the territorial disputes between China and Japan
  • China and Russia last week vetoed a draft UN resolution to send Syria to the International Criminal Court for war crimes. China and Russia had vetoed three previous UNSC resolutions condemning Syria
  • In the joint statement issued by China and Russia, the main message is that China-Russia relations have reached a new stage of comprehensive strategic partnership and this will help increase both countries’ international status and influence, thus contributing to a more just international order
  • China and Russia will deepen cooperation under the Conference on Interaction and Confidence Building in Asia (CICA), a new security framework in Asia-Pacific that conveniently excludes the U.S. and Japan.
  • , the main trigger is the recent Ukraine crisis that has seriously damaged Russia-West relations
  • mutual strategic needs as both China and Russia want to create a multipolar world that is not dominated by the U.S., particularly as China faces threats from the US-led alliance in Asia
  • China’s chance of winning maritime disputes with Japan partly depends on maintaining a good relationship with Russia
  • the NATO expansion is a serious threat to Russia’s national security and as such Russia has to fight back
  • new China-Russia alliance is now emerging and this will eventually lead to a multi-polar world order.
  • problems in China-Russia relations such as historical mistrust, the lack of a common threat, and conflicting interests in Central Asia
  • he most important factor determining whether China and Russia should form an alliance is whether the two countries have shared strategic interests and how long such shared strategic interests can last
  • China nor Russia could become a member of the Western bloc led by the U.S. because other allies of the U.S. would feel threatened by China and Russia
  • thus Russia has no better alternative to siding with China
  • , China’s number two position in the world means that China will not be supported by the U.S. with regard to most international affairs issues
  • Yan also refutes the argument that a China-Russia alliance against the U.S. would lead to another cold war.
  • ould be potentially high costs of such an alliance due to common problems such as fears of abandonment and entrapment
  • China could be dragged into an unnecessary war by Russia
  • Russia is unwilling to be China’s junior partner in the relationship
  • Russia wants to maintain good relations with all Asian states and thus will not side with China when it comes to territorial disputes between China and Japan
  • China-Russia alliance is unrealistic and a strategic partnership is more flexible and better for China.
  • seems that in the near future a formal alliance between China and Russia will not happen due to a variety of reasons.
  • U.S. militarily threatens both China and Russia at the same time
  • , a formal alliance will not occur
wmulnea

OPEC and oil prices: Leaky barrels | The Economist - 1 views

www.economist.com/...dermining-cartel-leaky-barrels

shared by wmulnea on 05 Feb 15 - No Cached
  • OPEC, which produces about a third of the world’s daily consumption of 90m barrels of crude oil
  • cartel
  • anti-glut group
  • ...6 more annotations...
  • the country will produce 14m barrels a day (b/d) next year, on a par with Saudi Arabia
  • Iraqi oil exports, stricken by the war and its aftermath, are also set to increase.
  • Libya could be another source of production: its exports have collapsed to only a few hundred thousand barrels a day, against 1.6m in June last year.
  • OPEC’s best hope is continued American protectionism. Any easing of the restrictions on the export of liquefied natural gas (LNG) or crude will exert more downward pressure on the oil price.
  • But that would cede market share to their hated rivals, Iran and Iraq.
  • America’s domestic production of crude (and gas, which displaces some oil) is rocketing.
  • wmulnea on 05 Feb 15
     
    This article briefly addresses the current global petroleum market, outlining the top national producers and their current import/export strategies. The article is a good overview of the global politcs affecting oil prices.
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