-
Jan 16, 2025 | 
energypolicy.columbia.edu | Erica S. Downs |Edward Fishman |Tatiana Mitrova |Richard Nephew
The sweeping new sanctions imposed on Russia’s energy sector by the Biden administration on January 10 mark a significant shift in strategy. Since the start of Russia’s full-scale invasion of Ukraine, the administration has attempted to balance two competing objectives: maximizing economic pressure on Russia while minimizing disruptions to global energy markets.
-
Oct 2, 2024 | 
energypolicy.columbia.edu | Shangyou Nie |Erica S. Downs
China’s latest Natural Gas Development Report shows the nation made gains last year in efforts to restructure its natural gas market, increasing domestic production and consumption; boosting imports of liquefied natural gas; adopting technologies to boost domestic exploration and production and cut emissions; and reforming pipeline transmission tariffs.[1] The new tariffs are likely to help grow natural gas supplies, reduce end-user costs and increase consumption.
-
Jul 23, 2024 | 
energypolicy.columbia.edu | Erica S. Downs |Akos Losz |Tatiana Mitrova |Jason Bordoff
Guests External Associates Akos Losz Senior Research Associate Energy Markets Natural Gas Tatiana Mitrova Research Fellow Energy Markets Fossil Energy Geopolitics Your browser does not support the audio element. Russia’s energy exports, including its significant natural gas capacity, are geopolitical currency for the country. Before Russia’s invasion of Ukraine, Russia was Europe’s single largest supplier of imported natural gas. But since the global fallout after the invasion, Russia is...
-
May 28, 2024 | 
energypolicy.columbia.edu | Erica S. Downs |Edward Fishman
Last month, US President Joe Biden signed into law new sanctions aimed at reducing the flow of Iranian oil to China, which purchases about 90 percent of Iran’s oil exports.[1] In this Q&A, the authors discuss the new sanctions and their likely impact. As part of last month’s Ukraine aid bill, President Biden signed into law two new pieces of legislation targeting Iran’s oil exports.
-
May 15, 2024 | 
energypolicy.columbia.edu | Erica S. Downs |Akos Losz |Tatiana Mitrova
Commentary by Erica Downs, Akos Losz & Tatiana Mitrova This commentary represents the research and views of the author. It does not necessarily represent the views of the Center on Global Energy Policy. The piece may be subject to further revision. Contributions to SIPA for the benefit of CGEP are general use gifts, which gives the Center discretion in how it allocates these funds. More information is available at Our Partners. Rare cases of sponsored projects are clearly indicated.
-
Nov 8, 2023 | 
energypolicy.columbia.edu | Erica S. Downs
Get the latest as our experts share their insights on global energy policy. Featured Managing Price Risk as EU Shifts From Russian Gas to Renewables While the EU has significantly reduced pipeline gas imports from Russia, from 132 billion cubic meters (bcm) in 2021 (BP 2022) to 62 bcm in 2022 (Energy Institute...
-
Nov 7, 2023 | 
nbr.org | Erica S. Downs
EXECUTIVE SUMMARYMAIN ARGUMENTChina has approached Russia’s efforts to reorient its energy trade from Europe to Asia in response to Western sanctions with a mix of opportunism and caution. Chinese companies have taken advantage of discounted prices to increase their purchases of Russian energy. They are also expanding the use of China’s currency for trade settlement and supplying equipment to Russia’s Arctic LNG (liquefied natural gas) 2 project.
-
Sep 11, 2023 | 
energypolicy.columbia.edu | Ziwei Zhang |Shangyou Nie |Erica S. Downs
China is the world’s third-largest gas market, consuming 364.6 billion cubic meters (bcm) of gas in 2022—a decline of 1.2 percent (4.4 bcm) from 2021—behind only the United States (881 bcm) and Russia (408 bcm).[1]The Chinese government’s goal is to continue to supply more than half of China’s gas needs with domestic production.
-
Jul 10, 2023 | 
energypolicy.columbia.edu | Erica S. Downs |Robin Mills |Shangyou Nie
By Erica Downs , Robin Mills , Shangyou Nie • July 10, 2023 On June 20, China National Petroleum Corporation (CNPC) and QatarEnergy signed a liquefied natural gas (LNG) supply agreement under which CNPC will purchase 4 million tons of LNG per year from Qatar for 27 years—one of the longest known durations for such a contract.[1] CNPC will also take a 5 percent equity stake in one production train at Qatar’s North Field East (NFE) expansion project.[2] CNPC followed in the footsteps of China...
-
Feb 23, 2023 | 
energypolicy.columbia.edu | Erica S. Downs |Tatiana Mitrova
By Erica Downs , Tatiana Mitrova • February 23, 2023 Following Russia’s invasion of Ukraine on February 24, 2022, China has become more important to Russia as an energy partner. As Russia’s traditional customers have shunned Russian energy and Western oil companies have exited the country, Russia has looked to China to help fill the gap. In this Q&A, the authors assess the state of the bilateral energy relationship one year after the start of the war.
