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

Embassy of the Republic of Uzbekistan in the Kingdom of Belgium

On 29 January 2021 the Brussels-based media outlet EU Today and the Brussels Press Club in Brussels hosted a conference dedicated to the construction of nuclear power plants in Belarus, Turkey and Uzbekistan. Despite the fact that plans for the construction of new power units are being considered at various stages both in the EU member states-Finland, Hungary, the Czech Republic, Bulgaria, and in the UK, Pakistan, the United Arab Emirates, etc., the discussion was focused on these countries. Much attention at the conference was paid to the construction of nuclear power plants in Uzbekistan. READ MORE

By Nika Chitadze, PhD, Professor at the International University of the Black Sea, Tbilisi

As it is well known from recent media reports, a new political crisis has emerged in Georgia after the October 31, 2020 parliamentary elections. The main reason for this crisis is the fact that the opposition parties have claimed that the Central Election Commission and the ruling party “Georgian Dream” have falsified the election results and have usurped the power. The National Democratic Institute and the American Republican Institute have expressed their critical views in this regard. A relatively soft position was stated by the OSCE Office for Democracy and Human Rights and the Council of Europe. READ MORE

By Eugene Kogan, Tbilisi-based defence and security expert

Undoubtedly, the Russian annexation of Crimea in March 2014 caused serious damage to the Ukrainian Naval Forces. About 70 per cent of the fleet has been lost and what remained is in poor shape and in need of repairs.
The resulting conflict in the Eastern part of Ukraine drew attention, energy and resources away from the difficult state of the Ukrainian Navy towards the urgent needs of the army and air force. The perilous state of the economy has further decreased financial support for the Navy’s needs. In addition, a debate on the conceptual vision of the Navy divided the expert community and top naval personnel for about 15 months. READ MORE

By Sergey Markedonov, Leading Researcher, MGIMO Institute

Future historians will definitely christen the year 2020 as the worldwide onset of coronavirus. It seems like tons of research articles and expert reports on the impact of the pandemic on the global economy and international political processes have been published. However, it is quite obvious that with the focus having been shifted towards the global perspective, the processes taking place in individual countries and regions appear to be falling out of sight. In the meantime, all of the conclusions drawn about the comprehensive implications of COVID-19 will remain somewhat schematic and generic without due consideration of their nuances and peculiarities. READ MORE

By professor Sadi Sadiyev Saleh, War College of the Armed Forces, Republic of Azerbaijan

The emergence of a bipolar world and the formation of two military blocks (NATO and the Warsaw Pact) after the Second World War ushered in an intense rivalry between different countries. Finding an effective grand strategy to survive between two hostile powers inevitably requires a balanced policy. In this context, the underdeveloped countries felt the need to join efforts for the common defence of their interests, to strengthen their independence and sovereignty and to express a strong commitment for peace by declaring themselves as “non-aligned” from either of the two nascent military blocks. READ MORE

By Jack Sharples, Research Fellow of the Oxford Institute of Energy Studies and EGF Associate Researcher on the External Dimensions of Russian Gas

With European gas import demand having risen substantially since 2014, Gazprom has dramatically increased its sales on the European market. In Q1 2018, Gazprom reported record daily gas exports to Europe in late February and early March. This Comment addresses the question of how those volumes were delivered to the market, and the extent to which the infrastructure for delivery of those volumes was used, highlighting that, in times of peak European gas import demand, full utilisation of the Nord Stream and Yamal-Europe pipelines left Ukraine as the only transit route with spare capacity. READ MORE

By George Vlad Niculescu, Head of Research, the European Geopolitical Forum

On 17 April 2018, Armenia’s National Assembly overwhelmingly voted to install Serzh Sargsyan -former president of the country- as prime minister. They unequivocally ignored the “voice of the street” calling for a change of face at the helm of this rather small, but ambitious post-Soviet state. This vote was supposed to conclude a power capture scheme started back in 2015.[…] Under pressure from independent civil society, then president Sargsyan had promised not to turn up as candidate for the prime-ministerial post. READ MORE