“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."
Op-eds & Essays by Richard Nephew • October 05, 2015
Despite the role they played in achieving a nuclear deal with Iran, sanctions continue to face a steep challenge in arresting Russian adventurism in Ukraine. A year after their adoption in July 2014, it remains an open question whether the sanctions adopted by the European Union and United States will be effective. While sanctions against Moscow will never be as ambitious as they were against Iran, Richard Nephew and Simond de Galbert argue that they can still make a difference toward creating a more stable situation and giving Ukraine time to become a more successful, politically independent country. But to do that, sanctions require more realistic targeted objectives and time.
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.
The US-Israeli war against Iran highlights the Gulf’s dual role as the backbone of global energy supply and a major source of systemic risk.
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Op-eds & Essays by Richard Nephew • October 05, 2015