Energy

How the PKK is entering energy wars


Author Ufuk Sanli
The Syrian Kurdish Democratic Union Party (PYD), denounced as a terrorist group by Turkey, last month inaugurated its first representative office abroad — in Moscow. A Kurdish speaker at the ceremony hailed the event as “a historic moment for the Kurdish people” before lauding his hosts: “Russia is a big power and a prominent actor in the Middle East. In fact, it’s not only an actor, but also a scriptwriter.”

Despite Georgia-Azerbaijan gas deal, distrust is sown

kaladze-socar

Central Asia Caucasus Analyst, Boris Ajeganov
Uncertainty on the future of Georgia’s energy security has been growing since late 2015, when Georgia’s minister of energy and deputy PM Kakha Kaladze met with Alexey Miller, CEO of Russia’s Gazprom twice in the span of a month. Discussions on Gazprom’s potential return to the Georgian market quickly raised eyebrows in Baku and caused popular protests in Tbilisi.

Oil prices poised to remain low as Saudis ‘blink’


GWYNNE DYER, The Japan Times
LONDON – “The market can stay irrational longer than you can stay solvent,” said John Maynard Keynes (or maybe it wasn’t him, but no matter). At any rate, that was the eternal verity the Saudi Arabians were counting on when they decided to let oil production rip — and the oil price collapse — in late 2014.

Turkey Hunts for Alternatives to Russian Energy

Turkish Prime Minister Ahmet Davutoğlu (right) meets with Azerbaijani President Ilham Aliyev on Jan. 20 in Davos to discuss the conflict over Nagorno-Karabakh, economic cooperation and other regional issues. Turkey receives 6 billion cubic meters of gas from Azerbaijan annually - about 75 percent of the Caucasus country’s annual exports. (Photo: Turkish Presidential Press Service)

 by Dorian Jones and Durna Safarova 

With Russian-Turkish relations bottoming out after Turkey’s downing of a Russian military jet last November, Ankara is scrambling to reduce its dependency on Russian gas. But the help it needs from post-Soviet energy producers may not be swift in coming.

Analysis: Using Israel's gas to cement ties

israel cyprus greece

By HERB KEINON
Decades after saying that it has no natural resources, Israel is now emerging as a regional gas power, in the enviable position of having to decide what exactly to do with its natue gas.

Who’s afraid of cheap oil?


Low energy prices ought to be a shot in the arm for the economy. Think again
ALONG with bank runs and market crashes, oil shocks have rare power to set monsters loose. Starting with the Arab oil embargo of 1973, people have learnt that sudden surges in the price of oil cause economic havoc. Conversely, when the price slumps because of a glut, as in 1986, it has done the world a power of good. The rule of thumb is that a 10% fall in oil prices boosts growth by 0.1-0.5 percentage points.
In the past 18 months the price has fallen by 75%, from $110 a barrel to below $27.


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