The implications of Red Sea instability on the global LNG market
Well over 30 attacks against commercial shipping in the Red Sea have been reported since mid-November 2023, although none have targeted crude oil or liquefied natural gas (LNG) carriers to date. But that is not to say that global energy flows through this critical maritime chokepoint are invulnerable; any harm that came to hydrocarbon carriers traveling into or out of the Red Sea via the Bab el-Mandeb would have far-reaching consequences for international markets.
Azerbaijan and COP29: An opportunity or a challenge?
Azerbaijan will host COP29 at the end of this year. Being selected to host the most important international climate event is a major achievement for the South Caucasus country, though the spotlight it brings will come with its own challenges due to Azerbaijan’s poor human rights record and worsening relations with the West.
Policy shifts and political challenges as Algeria prepares for upcoming elections
A closer look at the impact of domestic and international developments on Algeria’s agenda as the country prepares for a complicated and critical presidential race in December 2024.
Jordanian ambitions, Saudi funds: A look at Saudi investments in Jordan
In 2017, Saudi Arabia’s Public Investment Fund and a number of Jordanian banks established the Saudi-Jordanian Investment Fund to channel $3 billion into the Jordanian economy. Two SJIF projects provide relevant case studies of the challenges facing Jordan’s broader efforts to attract more FDI and drive economic development.
Shifting Tides: Environment, History, and Culture Shape the Work of Bahraini Artists
“Bahrain” literally translates as “the land of two seas,” referring to the two sources of water within and around the island: the sweet-water terrestrial and submarine springs, and the saltwater surrounding oceans. Water has played a central role in the Gulf island nation’s history and has been a major influence on the work of Bahraini artists, along with the country’s unique landscape and natural environment, as well as the impact of rapid economic and urban development.
Pakistan’s military and foreign policy under Gen. Asim Munir
Gen. Qamar Javed Bajwa orchestrated a paradigm shift in Pakistan’s traditional geostrategic focus, transitioning from geopolitics to geoeconomics. His successor, Gen. Asim Munir, in command of Pakistan’s military for the past year, now faces the challenging task of turning Gen. Bajwa’s unrealized vision into a reality, a goal that requires cultivating positive interdependence and multi-alignment with a diverse range of partners, while also ensuring domestic stability.
All you need to know about the India-Middle East-Europe Economic Corridor
At the September G20 meeting, host country India, along with the United States, the European Union, France, Germany, Italy, Saudi Arabia and the United Arab Emirates (UAE), signed a memorandum of understanding, a non-binding commitment to work towards building two separate “corridors”, essentially envisioning a political line that is connected by some new and some existing, or already under construction, physical infrastructure.
War delays but likely will not fully derail IMEC plans
The Oct. 7 Hamas attack against Israel and the latter’s ongoing military operation in Gaza have stalled progress in the development of the India-Middle East-Europe Economic Corridor and raised questions about its prospects for eventual completion. The IMEC faces multiple viability challenges, but none of them are insurmountable; thus, its participants are unlikely to abandon it.
Climate casualties: How the Gaza war threatens Mideast climate action
The renewed violence in Gaza could not have come at a less opportune time for the climate agenda in the Middle East. From energy economics to environmental degradation, the ripple effects of conflict will complicate the path ahead.
China’s growing maritime presence in Egypt's ports and the Suez Canal
In recent years, China’s presence in Egypt’s strategic ports has grown noticeably, including the involvement of both private and state-owned Chinese companies. While this reflects Beijing’s growing ambitions in the region, the opacity of the Sino-Egyptian agreements and the blurry lines between China’s commercial ports and its military aspirations raise questions about the potential implications.
Enhancing Morocco's energy supplies with ISO tank and small-scale LNG
With no new interregional or international gas pipelines currently planned, gas-poor Morocco should consider alternative import schemes, such as LNG import via ISO tank containers, utilizing its well-developed port, rail, and road infrastructure.
The energy risks of Israel’s new war are large and growing
The state of Israel and the terrorist group Hamas are engaged in an existential conflict, each threatening the survival of the other, as well as the survival of civilians, both Palestinian and Israeli, caught in-between. The conflict could widen into a regional or even global crisis. For energy markets and the global economy, the risks are considerable and could swerve or accelerate in response to multiple variables.
Iran has yet to ratify the 2015 Paris Agreement, but efforts to address the impact of climate change have great potential to create opportunities for mutually beneficial cooperation, building on the recent trend of regional de-escalation. Climate diplomacy represents an untapped opportunity for Iran to engage globally by incentivizing it to adopt the U.N. Sustainable Development Goals in exchange for sanctions or debt relief.
As the original Abraham Accords signatories — Israel, the United Arab Emirates, and Bahrain — observe the third anniversary of their September 2020 agreement, there is a sufficient basis to evaluate whether the Abraham Accords are real, hype, or something in-between. Much like the case a year ago, the results so far remain mixed.
