How Russia's invasion of Ukraine will impact energy markets
Gulf oil and gas exporters might seek to gain market share from Russia and act as a source of energy stability for Europe.
Gulf oil and gas exporters might seek to gain market share from Russia and act as a source of energy stability for Europe.
Conventional wisdom has it that the conflict in Ukraine will lead the U.S. to bolster its military presence along NATO’s boundary in Eastern Europe, with a concomitant downscaling in the Middle East. While presenting a robust front in support of NATO is of course critical, it would be a mistake to do so at the expense of the U.S. military presence in the Middle East at a time when it appears likely that Russian President Vladimir Putin has chosen the region as the venue for the next moves in his campaign to marginalize the U.S.
تحمل الأزمة في أوكرانيا، من وجهة نظر أنقرة، مخاطر كبيرة، لكنها تنطوي أيضًا على بعض الفرص. إنها ليست أزمة من صنعهم، ولا أزمة رحبوا بها. ومع ذلك، من الواضح أن أنقرة جهَّزت مخططًا أساسيًا لتجاوز العاصفة. من وجهة نظر صانعي السياسة في واشنطن، من المرجح أن تجلب استراتيجيتهم إحباطًا أكثر من تطمينًا.
وفي نفس الوقت، فإن الفهم الأفضل لكيف تأمل تركيا أن تتجاوز الأزمة الأوكرانية يمكن أن يساعد في توضيح بعض النقاشات الجارية داخل واشنطن حول كيفية تصور السياسة الخارجية الجديدة لأنقرة ومكانها داخل حلف الناتو.
Read MEI’s weekly briefing featuring expert analysis of key regional developments for the week ahead.
The first International Development Research Centre (IDRC)-Middle East Institute (MEI) Roundtable on Energy Transitions in the Middle East and North Africa (MENA), held on January 20, 2022, explored the challenges and opportunities facing the region as a result of the global energy transition. As it accelerates over the course of the century, this global transition will provide new opportunities for economies to evolve while putting a strain on the current economic model of many nations in MENA.
The crisis in Ukraine, from the perspective of Ankara, carries significant risks, but also some opportunity. It is neither a crisis of their own making, nor one that they welcomed; nevertheless, Ankara has clearly developed a basic blueprint for weathering the storm. From the perspective of Washington policymakers, their strategy is likely to hold more frustration than reassurance.
حتى كتابة هذه السطور، ليس من الواضح ما هو النهج الذي ستتخذه روسيا في أوكرانيا: الضغط، أو التقسيم، أو البلع. يمكن للرئيس فلاديمير بوتين أن يواصل ويُصعّد من سياسة الضغط الشديد على أوكرانيا، دون غزو كبير، الأمر الذي يمكن أن يجعل أوكرانيا تخضع وتستسلم، ويفرض تغييرًا في سياسات كييف أو مساراتها، ويضمن هدف بوتين المتمثل في مواءمة أوكرانيا مع روسيا. أو يمكنه أن يواصل ما بدأه في دونباس وشبه جزيرة القرم وأن يستولى ببساطة على قطعة أخرى من أوكرانيا، مما يزيد الضغط على كل من كييف والغرب. الاحتمال الثالث الواضح هو غزو شامل لابتلاع البلد كله.
Expert regional analysis by MEI scholars and contributors.
The global LNG landscape is changing, and while Qatar will continue to be a major LNG exporter, it will briefly drop to third in the global rankings until planned expansion projects come on stream in the middle part of the decade. Strategically, Qatari suppliers may opt to change their market supply profile, which will have a knock-on effect on the global market, both LNG suppliers and buyers.
This policy brief provides a deep dive into the far-reaching and interrelated policies imposed by the government to reduce the country’s deficits, debts, and reliance on hydrocarbons.
Now, after decades of animosity, Turkey and Armenia are taking steps to normalize ties, and the prospects for restoring relations and reopening the border have never been brighter.
Lama Kiyasseh and Lina Osman join Karen Young, director of MEI’s Economics and Energy program, to discuss how sustainable finance is changing the region by channeling financial resources toward addressing environmental and social challenges.
Academic and policy-based research demonstrates that women and youth in most MENA countries face legal, regulatory, and socio-cultural barriers to entering the formal labor market and generating income. Entrepreneurship can be a viable alternative for MENA women and youth because of its prestige in the region and its ability to catalyze inclusive growth. This brief draws on research and evidence to formulate policy advice on how support for entrepreneurship can enhance the economic security of women and youth in what will be a slow and painful post-pandemic recovery.
With the recent announcement of the Jafurah Field, a massive unconventional, non-associated gas play, Saudi Arabia is looking to enter the global gas sector. The field’s estimated reserves, while substantial, are insufficient to meet current domestic needs and, in the future, displace dirty heavy fuel oil used in power generation and satisfy international export goals. The kingdom thus faces difficult decisions regarding the allocation of the Jafurah gas — to either domestic or international markets — and both options have significant challenges.
The Arab Gulf states appear to be following a common template in responding to the global transition toward an energy system in which renewables play an increasingly central role. They are publicizing renewable energy targets, decarbonizing upstream and downstream oil and gas operations, commissioning renewable energy projects, and improving energy efficiency, among other strategies. A closer look, however, reveals differences in how they have deployed solar and wind power capacity.