• Trump, Sanctions Hamper Iran’s Renewable Energy Quest

    Doubts cast by US President Donald J. Trump about the future of the nuclear deal with Iran, US sanctions that have restricted access to foreign financing, and a tight budget have hampered the Islamic Republic’s ability to secure significant investments in renewable energy.

    International banks have been reluctant to finance new energy projects in Iran as a result of Trump’s criticism of the nuclear deal that was reached between Iran, the United Kingdom, Germany, France, Russia, China, and the United States in 2015. This reluctance is compounded by the fact that numerous Iranian energy companies are supervised by the Islamic Revolutionary Guard Corps, which is...

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  • Scholl in DGAP Journal: Energy Policy in the Trump Era

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  • Koranyi Quoted in Cyprus Mail on US Energy Policies Under President Trump

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  • Regional Energy Integration: The Growing Role of LNG in Latin America

    On Thursday, October 5, 2017 the Atlantic Council’s Global Energy Center and Adrienne Arsht Latin America Center jointly hosted Mr. Gonzalo Aguirre, Mr. José María Castro, Mr. Giovani Machado, and Ms. Sue Saarnio for a discussion about the changing energy markets in Latin America and the role of liquefied natural gas (LNG) in the regional energy mix. The discussion was moderated by the chairman of the Global Energy Center’s Advisory Group and Adrienne Arsht Latin America Center’s nonresident senior fellow, Mr. David Goldwyn.

    The event opened with remarks from Mr. Goldwyn, who provided context on economic and energy developments of the last decade throughout Latin America, from increasing hydropower and renewable energy production to fiscal crises that have impacted cross-border trade. Following this introduction, Mr. Aguirre, Director of National Transport and Measurement of Hydrocarbons in the Argentinian Ministry of Energy and Mining, discussed regulatory frameworks for...

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  • Iran, Turkey Key to Turkmenistan Realizing its Energy Potential

    Turkmenistan must invest in new infrastructure to export its vast energy resources if it is to become a substantial player in the global energy market. Achieving this objective would reduce Turkey and the European Union (EU)’s dependence on Russian gas.

    Turkmenistan boasts the sixth-largest natural gas reserves in the world, an estimated 617 trillion cubic feet (tcf), along with an estimated 600 million barrels of proven oil reserves. However, despite its vast energy resources, the Central Asian nation has thus far failed to become a major energy player. There are several potential pipeline interconnections that could help Turkmenistan achieve this status, yet none are without political complications.

    Through the proposed Trans-Caspian gas pipeline, Turkmenistan and Kazakhstan could export gas across the Caspian Sea through Azerbaijan, Georgia, and Turkey to Europe, circumventing Russia and Iran. While this is considered a...

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  • Grigas in Reuters: A Win for Trump's Gas Diplomacy

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  • Grigas in Financial Times: Lithuania Becomes First Ex-Soviet State to Buy US Natural Gas

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  • Private Sector Support Sought for Three Seas Initiative

    US President Donald J. Trump has provided “valuable” support to the Three Seas Initiative, but he can go further by encouraging US businesses to participate in the plan that seeks to improve trade, infrastructure, and energy links among the twelve nations between the Baltic, Black, and Adriatic Seas, Croatian President Kolinda Grabar-Kitarović said at the Atlantic Council’s Global Forum in Warsaw on July 7.

    “What President Trump can do is to encourage American businesses to look at the initiative more closely and to participate in the initiative,” said Grabar-Kitarović who, together with Polish President Andrzej Duda, launched the Three Seas Initiative in 2016.

    Grabar-Kitarović participated in a panel discussion with Bulgarian President Rumen Radev and Estonian President Kersti Kaljulaid. Atlantic Council President and Chief Executive Officer Frederick Kempe moderated the discussion.

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  • Climate Change Revisited

    Rising sea levels, extreme weather patterns, and other examples of our warming climate pose life-altering threats to communities around the world. Ninety-seven percent of scientists have concluded that the climate is indeed warming—and that humans are playing a role.

    John Macomber, a former president of the Export-Import Bank, puts it more bluntly, calling climate change “so evident that only a few diehards dispute that something major is staring us in the face.” The question is not whether the climate is changing, but how to address it.

    To curb the effects of climate change, reducing carbon dioxide (CO2) emissions is key. As the world’s second-largest emitter (just behind China), the United States must significantly reduce its emissions if it is to contribute to and even lead the way in the global fight against climate change. The Obama administration...

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  • Russia’s Arctic Ambitions: Hype vs. Reality

    Russia has poured billions of dollars into infrastructure projects to strengthen its military foothold in the Arctic. It is widely assumed that this has been done to establish greater leverage over the fossil fuels that lie beneath the ice. However, the problem with this line of thought is that it is based on exaggerated expectations about the region’s energy potential. In fact, due to a combination of poor exploration data, high extraction costs, and potential environmental risks, the Arctic is likely to remain a rather desolate place for years to come.

    The Arctic has always played a significant role in Russia’s geopolitical vision. In tsarist times, it provided an enormous military buffer which ensured that no country could flank it from the north. During the Soviet-era it was home to Moscow’s nuclear submarine fleet. Nowadays, the region promises enormous fortunes as it reportedly holds vast quantities of untapped oil and gas resources.

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