“Everything up in the air”: LNG, the Strait of Hormuz, and Central & Eastern Europe’s energy future
"LNG shipments to Central & Eastern Europe are reliable as long as those gas markets are not overly dependent upon one supplier."
In this final installment of conversations from the Center on Global Energy Policy’s recent annual Global Energy Summit, host Jason Bordoff is joined by Bernard Looney, CEO of bp, to discuss bp’s planned transformation from an oil and gas company to an integrated energy company, a little more than one year into the strategy. Jason and Bernard talk through the impact of the Covid-19 pandemic on the company and energy markets, what the new strategy means in practice, and what bp’s portfolio will look like in the future.
Bernard Looney is Chief Executive Officer of bp, and has been with the company for 3 decades. He started off as a drilling engineer, and then later, oversaw BP’s oil and gas exploration, development, and production activities worldwide before taking the helm last year.
It’s been a head-spinning day in the Iran war. Earlier today, following a temporary truce between Lebanon and Israel, Iran announced that the Strait of Hormuz would be...
With an April 21 deadline looming, the Middle East remains suspended in a volatile state of war and peace. Regional mediators are scrambling to broker a second round...
Energy abundance means different things in today’s global context than it did even a decade ago. It is about expanding electricity access while meeting rising energy demand. It...
The conflict in Iran is a reminder of how quickly global energy markets can be disrupted. It also underscores why advances in things like battery technology — from...
In March 2012, Israeli Prime Minister Benjamin Netanyahu arrived in Washington to press a US president on slowing Iran’s nuclear ambitions. Inside the White House, the dilemma was stark.
On February 28, the US and Israel launched new attacks on Iran targeting primarily the country's leadership, security forces, and missile program.
The Iran war has disrupted Eastern Mediterranean gas production, exports, and development, threatened regional energy infrastructure, and increased political and investment uncertainty.