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Vostok Oil project will define Russia’s oil future

Location:

RUSSIA

Vostok is expected to produce 2 million barrels per day (b/d) by 2030, with all exports going via the strategically important Northern Sea Route (NSR). The Kremlin hopes it will…

Rising Russian investment will cause structural change

Location:

RUSSIA

The war in Ukraine, Western sanctions and the redirection of external trade away from Europe towards new partners all required a surge in investment. The bulk of new investment…

Low energy prices could delay US net exporter shift

Location:

UNITED STATES

The EIA generated a wave of headlines with its projection in January’s Annual Energy Outlook that the United States would likely become a net energy exporter sometime in the…

Turkmenistan is ill-equipped to adapt to low gas price

Location:

TURKMENISTAN

Shortages in Turkmenistan despite gas wealth.

Gazprom’s finances may never recover

Location:

RUSSIA

In its 2023 financial statements, the energy giant reported a loss of RUB629bn (USD7.4bn at the average exchange rate for 2023), an extraordinary reverse compared to the USD17.5bn…

Militarisation will cause rising distortions in Russia

Location:

RUSSIA

Record levels of defence spending have led to surging demand for inputs used to manufacture military equipment, driving up output across various sectors. However, evidence of…

China’s coal sector will grow but then shrink

Location:

CHINA

Energy security concerns and regional economic interests are driving the construction of more coal mines and coal-fired power stations, though government mandates will set a cap…

Austrian economic links to Russia will persist

Location:

AUSTRIA

Dependence on Russian gas has increased over the past year, while many Austrian companies continue to have strong business links in Russia. Austria will hold its general election…

Uzbek president’s problems will mount in long term

Location:

UZBEKISTAN

Constitutional change could keep him in power until 2037, providing an opportunity to transform Uzbekistan’s socio-economic conditions. However, significant domestic and foreign…

Summit highlights contours of Indian foreign policy

Location:

INDIA

India will host the 2023 summit as the group’s chair for the year. Events in Samarkand cast a spotlight on its bilateral relations with other member states and gave an indication…