EU Oil embargo on Iran—China is now the pivot
All China has to do is to purchase Iranian oil and off-set this against a supply of essential consumer goods from China to Iran and settle the accounts in Chinese Yuan.
- R. S. Kalha
- January 30, 2012
All China has to do is to purchase Iranian oil and off-set this against a supply of essential consumer goods from China to Iran and settle the accounts in Chinese Yuan.
In order to meet its energy demands, China is constructing oil and gas pipelines in Myanmar, almost reaching to the seashores of Bay of Bengal.
When a resource-deficient country becomes industrialised lifestyles become increasingly energy intensive, compelling it to seek resources overseas.
The oil-rich Middle East region is always seen as a politically volatile region, but it has been the source of crude oil supply to all major consumers worldwide for decades. The article makes an empirical analysis of the geopolitical risk of India's diversification portfolio, which is skewed towards the Middle East.
Implementing the necessary reforms in Pakistan’s power sector requires able leadership and internal stability as well as a conducive and transparent environment for attracting investment.
China is pursuing an energy policy to alleviate its import dependence, diversify the sources and routes of imported oil and prepare for supply disruption. China's import of hydrocarbons is growing rapidly. Besides sea transport from West Asia and other oil rich countries of both crude and liquefied natural gas, China has also identified diverse import routes for oil and gas by overland pipelines. Some projects are now complete and many are under construction or in the planning stage.
China’s conduct on the Chunxiao issue indicates that it may go ahead with plans regardless of a pending dispute when a vital strategic goal has to be achieved.
In the wake of Fukushima Japan may place greater emphasis on LNG and renewable sources of energy like solar and hydro power.
Today hardly any part of the world is untouched by the interplay of oil and international politics. Consumers as well as producers are concerned about the impact of national and international events that increase or restrict the supply of energy. Given that the West Asian region holds the world's largest residual oil and gas resources, the article seeks to analyse the importance of West Asia in the context of the changing geopolitical situation and its impact on the current oil market. The article also focuses on the issue of the petrodollar and looks at its impact on the oil market.
The present energy crisis in Bangladesh is partly due to over-dependence on gas which fulfils more than 70 per cent of its energy needs. The present gas deficit against the national demand on a daily basis is expected to increase further in the future. The crisis will deepen unless a greater share of indigenous coal is included in the energy mix. The geological and social constraints of an over-populated fertile agricultural land area remain an obstacle to large-scale coal mining and this has to be addressed rationally.