Everyone’s looking to Paris these days. Diplomats from around the world are at the UN Climate Change Conference to chase a deal for a greener future. And yes, until not too long ago, the shift to an alternative energy supply was at the top of our agenda.
Only today, the enthusiasm is ebbing away.
Even worse, however, in their stead coal-fired power plants have come into fashion again. What’s going on? Continue reading
Energy challenges in the Persian Gulf countries
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Oil wealth paired with low gas – what effect does this combination present on the economy within the prosperous region of the Persian Gulf? As domestic and consequently regional challenges arise, room for investment opens up and new players will lead the way. An analysis of oil, gas and a possible future in the Persian Gulf.
Oil and gas – The numbers
The Persian Gulf has been one of the most significant energy hubs in the world, hosting some of the world’s largest hydrocarbon reserve holders and producers. Incidentally, despite the North American shale revolution, the Persian Gulf region still plays a vital role: It holds about 48% of the world’s oil reserves and produces 32% of global oil, and in gas it holds 44% of global reserves with a 16% share of global gas production. The below tables summarize oil and gas reserves and production in this region. Continue reading
Last month, I had the opportunity to take part at an economic forum in Vienna and give a speech on Iran’s economy with regards to the energy market. What does the current situation and position of Iran’s energy sector look like?
With the recent Iran nuclear talks, the global economy finds itself faced with a fantastic chance. There is a historic opportunity to close a deal between Iran and the P5+1 in order to lift the current sanctions on Iran. Recent economic and political changes, such as the need for allies to fight ISIL (Islamic State of Iraq and the Levant) and the aim to reduce the EU’s dependency on gas from Russia increase the ties between Iran and the West and, consequently, the probability of a “comprehensive deal”. Continue reading
Photo credit: Bigstock
Saving energy is becoming more essential than ever. Low electricity prices, bottlenecks and energy providers’ new business models have become priority issues in the European Union. Solutions for the future of our energy supply are sought on events across politics and industry. In a way, it is the same debate repeated over and over: our energy industry, in its current state, is clearly facing a major challenge. However, one thing remains conspicuously absent in these discussions. Continue reading