by Dr Jack Sharples (Oxford Institute for Energy Studies and EGF Associate Researcher)
Mike Fulwood (Oxford Institute for Energy Studies)

We analyse the drivers behind ongoing price rally and offer an outlook for the coming winter. On the global LNG market, unexpected outages meant that growth in supply simply did not keep pace with the increase in demand. Given its role as the ‘balancing market’, European LNG imports declined. This combined with declines in European production and pipeline imports to open a supply gap that could only be met by withdrawals from storage. We conclude that with gas markets noticeably tighter, the ongoing price rally is driven by fundamentals, with an added ‘fear premium’ that the forthcoming winter could be as cold as that in 2020/21. If that proves to be the case, the current price levels will persist, and even rise, while a milder winter could see the market turn slightly more bearish. READ MORE.

• EGF Editor  |  Опубликовано на EGF: 02.10.2021  |  Markets
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By Benyamin POGHOSYAN, PhD, Chairman, Center for Political and Economic Strategic Studies

Turkey’s President Recep Tayyip Erdogan announced on September 19 that Armenia’s Prime Minister Nikol Pashinyan had requested a meeting, via a message transmitted by the Georgian prime minister. Erdogan said that “Armenia should take positive steps” if it wishes for such a meeting. Erdogan is alluding to the opening of the so-called “Zangezur Corridor”, which he believes is a political issue that will be resolved soon, as will Armenia-Azerbaijan relations. The corridor refers to a ground transportation link that would connect Azerbaijan to its exclave of Nakhichevan through Armenia’s southern Syunik region. If we try to translate Erdogan’s diplomatic language, the Turkish president clearly states that he is ready to accept Armenian leadership’s proposal for dialogue if Armenia continues to fulfil Turkey’s demands. READ MORE

• EGF Editor  |  Опубликовано на EGF: 02.10.2021  |  External Relations
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By Benyamin POGHOSYAN, PhD, Chairman, Center for Political and Economic Strategic Studies

Armenia is celebrating the 30th anniversary of its independence but whilst it has all the attributes of a modern state a lot of its institutions are hollow. There is much that can be done, and if it acts reasonably, Armenia can celebrate its 50th anniversary of independence in twenty years’ time in a much more positive atmosphere.
On 21 September 2021, Armenia celebrates the 30th anniversary of its independence. For a nation with at least 3500 years of history, this may not seem a very impressive record. However, since 1045 AD Armenia has never witnessed such a long period of independent statehood in the Armenian highland. Armenia enjoyed a brief period of independence in May 1918 - December 1920, after the collapse of the Russian Empire. However, these two and half years were marked by instability, conflicts, widespread famine, and poverty.READ MORE

• EGF Editor  |  Опубликовано на EGF: 22.09.2021  |  External Relations
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By Benyamin POGHOSYAN, PhD, Chairman, Center for Political and Economic Strategic Studies

The possible normalisation of Armenia–Turkey relations have always been in the spotlight of the South Caucasus geopolitics. Turkey recognised Armenian independence back in 1991 but refused to establish diplomatic relations, and in April 1993 closed its border with Armenia in response to the advance of Armenian forces in the first Karabakh war. Since then, Turkey has put forward several preconditions for normalising relations with Armenia: the withdrawal of Armenian forces from Karabakh, the end to the Armenian genocide international recognition campaign, and the official recognition of Armenia–Turkey borders by independent Armenia. At the same time, Armenia–Turkey relations were a part of the broader regional geopolitics. Russia struggled to regain its influence in the South Caucasus while the US viewed the emerging Turkey–Georgia–Azerbaijan strategic partnership as a critical tool to counter Russian efforts. READ MORE

• EGF Editor  |  Опубликовано на EGF: 14.09.2021  |  External Relations
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By Hayk KOTANJIAN, Lieutenant General (ret), Professor of RA, RF, USA (strategic security studies), Lazarev Club Board Member

On the eve of the 30th anniversary of Ukraine, on August 23, 2021, at the initiative of President of Ukraine Zelensky, the Crimean Platform summit was held with the participation of 46 states and international organizations. The establishment of the platform with the goal of its long-term functioning was announced as one of the main events in the framework of the celebration of the 30th anniversary of independence of Ukraine. According to the President of Ukraine Vladimir Zelensky, the launch of the platform will introduce the problem of "de-occupation of the Crimea" into the international agenda on a regular political and diplomatic basis. READ MORE

• EGF Editor  |  Опубликовано на EGF: 04.09.2021  |  External Relations
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By Yeghia TASHJIAN, Beirut-based regional analyst and researcher, columnist, "The Armenian Weekly”

Like other regional powers, Russia has taken major steps to advance its geopolitical interests in the Levant. With the goals of expanding its influence and control the vast energy resources in the region. Although it only has a naval military base in Tartus (Syria) and no borders on the Mediterranean Sea, Russia has managed to exert its influence around nearby countries, including Lebanon. The perception of Lebanon as part of its Syrian stake encourages Moscow to strive to capitalize on its influence in the region after intervening in the Syrian conflict. In the last few years, Russia started playing a larger role in Lebanon following the growing civil unrest in Syria and the defeat of ISIS. READ MORE

• EGF Editor  |  Опубликовано на EGF: 04.09.2021  |  External Relations
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By Benyamin POGHOSYAN, PhD, Chairman, Center for Political and Economic Strategic Studies

The 2020 Karabakh war has significantly impacted the regional dynamics in the South Caucasus. Experts and pundits have not come yet to a unified approach regarding the reasons and implications of the war. However, many agree that the primary beneficiaries of the war were Russia and Turkey. Kremlin has reached perhaps its main goal in Karabakh – to put Russian boots on the ground, while it has also significantly increased its military presence in Armenia. Turkey has cemented its presence in Azerbaijan as now a large part of Azerbaijani society believes that without Turkey’s overt support and involvement, Baku could not win the war. Turkey also is a part of the Joint Monitoring Centre operating in the Aghdam region of Azerbaijan, though Turkey hoped to have more military involvement in the post-war Karabakh. READ MORE

• EGF Editor  |  Опубликовано на EGF: 03.09.2021  |  External Relations
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• Dr George Vlad Niculescu  |  Опубликовано на EGF: 17.08.2021
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Meet the Authors (original video)

Dr. Mahir IBRAHIMOV on: Culture, Religion, and Weapons of Mass Destruction (original video)

• EGF Editor  |  Опубликовано на EGF: 17.08.2021
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By Yeghia TASHJIAN, Beirut-based regional analyst and researcher, columnist, "The Armenian Weekly”

Back in July, Rich Outzen published a policy paper “Deals, Drones and National Will: The New Era in Turkish Power Projection” in the Washington Institute for Near East Policy highlighting the new strategy of the Turkish Armed Forces, the development of the arms industry and how Ankara is deploying hard power in the region. According to Outzen, the integration of drones, electronic warfare, manoeuvre and precision strike employed by Turkey across technologies and domains (manned/unmanned and ground/air/naval) have been characterized as a new phase of a revolution in military affairs (RMA). An RMA is a hypothesis in military theory about the future of warfare, often connected to technological and organizational recommendations for radical military reform. An RMA occurs when new tactics, technologies and operational concepts enable dramatic increases in ineffectiveness to provide early innovators a marked advantage and force others to adopt the same methods. READ MORE

• EGF Editor  |  Опубликовано на EGF: 12.08.2021  |  Security
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