Bill for Cleaning China’s Air Pollution – $290 Billion

While the extraordinary growth of the Chinese economy has been the business success story of the past two decades, it has come with high environmental costs due to rampant pollution. Now the cost for cleaning up China’s notorious air pollution has been given a price tag – $290 billion,according to Chinese Academy for Environmental Planning deputy […]

Egypt Attracts $8 billion to Its Energy Sector

The final results of the Arab Spring’s impact on Egypt after more than two years of political turmoil remain to be seen, but Egypt’s Oil and Mineral Resources Minister Sherif Ismail is sounding an upbeat note about overseas investment, stating that foreign energy companies operating in Egypt have emphasized their commitment to research and exploration plans as […]

Iran-Pakistan Natural Gas Pipeline Stumbles on Financing

It is hard not to feel some sympathy for Pakistan’s current energy deficit problems, which are both severe and increasing. The U.S. government’s Energy Information Administration notes in its “country analysis” on Pakistan, “Pakistan’s economy has continued to struggle with underemployment, slow economic growth, and high inflation. Pakistan’s inability to meet domestic energy demand has […]

Japanese Political Elite Divided over Country’s Nuclear Future

Two and a half years after a tsunami devastated Tokyo Electric Power Company’s six reactor Fukushima Daiichi nuclear power plant, Japan’s political establishment is divided over the country’s nuclear future. Prior to the March 2011 Fukushima Daiichi nuclear catastrophe Japan was the world’s third largest producer of nuclear power after the U.S. and France. Japan […]

Somalia Seeks Foreign Investment in Energy Sector – Big Oil Cautious

Oil companies are renowned for going into hostile environments in their relentless search for the world’s seemingly insatiable thirst for “black gold.” That said, there remain a few nations where even the intrepid masters of the universe hesitate to tread. In Central Asia, it is Afghanistan, despite the nation’s purported 1.6 billion barrels of extractable […]

China’s Energy Policies Unsettle Neighbors Both East and West

China’s relentless search for global energy assets to fuel its voracious economy is one of the decades biggest stories, with Beijing willing to sign deals anywhere, anytime. That search for foreign supplies has begun to eat into an area Moscow previously regarded as its sole domain, Central Asia, while China’s search for indigenous energy supplies […]

Russia’s Oil and Natural Gas Industry Facing Market Turmoil

Several years ago, the Russian Federation’s Open Joint Stock Company Gazprom had every reason to feel that it was “top of the world,” to quote James Cagney’s crazed character Cody Jarrett in the movie “White Heat.” But like Jarrett, the gas storage unit may be about to explode under its feet. Majority state-owned Gazprom company […]

Azerbaijan, Russia Draw Closer Over Energy Ties

The implosion of the Soviet Union in 1991 produced three petro-states – the Russian Federation, Kazakhstan and Azerbaijan. Of these, Azerbaijan has the longest history, having begun producing petroleum in the late 19th century. Since the USSR’s demise, Azerbaijan has adroitly developed its energy infrastructure output to the point where the U.S. government’s Energy Information Administration notes […]