In a new article for the journal Global Policy, CGEP Fellow Morgan Bazilian and co-authors explore the changing geopolitics of energy for the United States.
Abstract
The Trump Administration has an opportunity to foster a new energy statecraft based on the realities of a dynamic and rapidly-changing global energy marketplace. The geopolitical considerations of this energy transition are not well-explored. Additionally, the recent renaissance of oil and gas in the US has reinforced the alluring notion that energy independence and national energy security are the same thing. But the global nature of energy markets expose this notion as utterly misleading. A re-envisaged energy statecraft would utilize a variety of US foreign policy and multilateral tools to reform the international energy sector, protect the global energy marketplace, and spur investments in new generation and innovation. These steps require building an integrated approach to the multiple energy-security challenges.
Russia’s invasion of Ukraine has seriously damaged the country’s reputation as a reliable gas supplier.
The global gas market is undergoing a period of profound transformation as a result of new sources of supply, demand, changing trade patterns, and technological and policy shifts. The transition to a low-carbon economy and efforts to curb air pollution are also key policy aims that will impact the role of gas in the future energy mix.
Global gas markets are experiencing a period of unprecedented tightness that has worsened since the Russian invasion of Ukraine in February 2022, as illustrated by the record spot prices of well above $50/million British thermal unit (mmBtu) in Asia and Europe as of early September 2022.
The global gas market is undergoing a period of profound transformation as a result of new sources of supply, demand, changing trade patterns, and technological and policy shifts. The transition to a low-carbon economy and efforts to curb air pollution are also key policy aims that will impact the role of gas in the future energy mix.
Resource Nationalism and Energy Policy: Venezuela in Context By David R. Mares October 2022 It...
The global gas market is undergoing a period of profound transformation as a result of new sources of supply, demand, changing trade patterns, and technological and policy shifts. The transition to a low-carbon economy and efforts to curb air pollution are also key policy aims that will impact the role of gas in the future energy mix.
Since Russia’s invasion of Ukraine, the dynamics of natural gas markets and, especially, Europe’s heavy...
The global gas market is undergoing a period of profound transformation as a result of new sources of supply, demand, changing trade patterns, and technological and policy shifts. The transition to a low-carbon economy and efforts to curb air pollution are also key policy aims that will impact the role of gas in the future energy mix.