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Geoconomics

WHAT IS HAPPENING IN GEOECONOMICS? EURASIA:

ARTIC:

  • Russia inks long-term deal to supply China with liquefied natural gas from Arctic. Also invites BRICS partners to join country’s massive Arctic oil & gas projects. “Our LNG commercial strategy is to diversify our client base and target end consumers in the fast-growing Asian Pacific region,”

SOURCE: RT


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WHAT IS HAPPENING IN GEOECONOMICS? SOUTH ASIA:

PAKISTAN:

  • Pakistan is exploring the possibility of increasing Sri Lanka’s trade connectivity to the Central Asian region through the China-Pakistan Economic Corridor (CEPC), called as a flagship project of China’s Belt and Road Initiative (BRI).

SOURCE: DAILY MIRROR


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WHAT IS HAPPENING IN GEOECONOMICS? SOUTH ASIA:

PAKISTAN:

  • Pakistan is looking for connectivity with Afghanistan, Central Asia and ultimately to Russia, with Balochistan playing a pivotal role through its geographical location and abundance of natural resources. Balochistan is a geo-strategic location as well as a hub of natural resources which if fully utilised could be a catalyst for the entire region. Since Pakistan’s inception, Balochistan had been made a target for the country’s adversaries due to its attributes, and consequently had been destabilized by internal and external elements.

SOURCE: DAILY TIMES


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WHAT IS HAPPENING IN GEOECONOMICS AFRICA:

CHINA´S BELT AND ROAD:

  • Chinese overseas energy finance collapsed to its lowest level since 2008 last year, with its struggling Belt and Road ambitions in the sector relying more heavily on projects in African countries, reported the Financial Times. More than half of China’s $4.6 billion in overseas energy lending went to projects in Africa in 2020, data from Boston University’s Global Energy Finance database show.

SOURCE: CHINA ECONOMIC REVIEW


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WHAT IS HAPPENING IN GEOPOLITICS? MIDDLE EAST:

SAUDI ARABIA/MILITARY AGREEMENT:

  • The Russian government called on its foreign and defence ministries to conduct negotiations with Saudi Arabia to conclude a new military cooperation agreement between the two countries.

SOURCE: MIDDLE EAST MONITOR


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WHAT IS HAPPENING IN GEOPOLITICS? EUROPE:

NORD STREAM 2:

  • The threats of sanctions by the United States against the German-Russian Baltic Sea gas pipeline Nord Stream 2 are working: After considerable pressure from the government in Washington, at least 18 European companies have now ended their participation in the controversial project or have promised to withdraw, as stated in a report by the US State Department to Congress. The United States is attacking the project as they fear that their partners in Europe are too dependent on Russia and Russian gas.

SOURCE: EUROPEAN VIEWS


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WHAT IS HAPPENING IN GEOPOLITICS? EUROPE:

RUSSIAN GAS PIPELINES:

  • The EU countries are divided when it comes to the matter of constructing new Russian gas pipelines. As a result of the imprisonment of Alexei Navalny upon his return to Russia in January 2021 and the repression of the opposition in many Russian cities, the European Parliament adopted a resolution calling to halt the Nord Stream 2 project. However, this decision was not unequivocally supported by Germany, which continues to back the construction of the gas pipeline. Washington’s position is contrary to that of Berlin, which seeks to finish the project regardless of the position of the US.

SOURCE: WARSAW INSTITUTE ORG


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WHAT IS HAPPENING IN GEOPOLITICS? EUROPE:

RUSSIAN GAS PIPELINES:

  • It seems that the position of the new American administration remains identical to that of Donald Trump in terms of sanctions against EU-Russia energy projects. Thus, it could be assumed that a number of sanctions against entities involved in the Nord Stream 2 project would be uphold. This is not only due to strictly political but also economic attitudes. Washington is eager to export LNG to European markets, but the Nord Stream 2 project limits the demand for further supplies of this energy source to Europe.

SOURCE: WARSAW INSTITUTE ORG


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WHAT IS HAPPENING IN GEOPOLITICS? MIDDLE EAST:

GAS PIPELINE:

  • Egypt and Israel said they may build an undersea natural-gas pipeline connecting the two countries, as they seek to collaborate on exporting the fuel to Europe. The new pipeline would allow Israel to export more gas to Egypt. Egypt is seeking to become a major hub for exporting LNG to Europe, where demand is growing as governments transition from dirtier fossil fuels such as coal and oil. The announcement comes as nations in the eastern Mediterranean ramp up investments in offshore gas fields.

SOURCE: BLOOMBERG


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EURASIA:

BLACK SEA:

  • US, Turkish navies conduct joint exercises in Black Sea, demonstrating the US Navy’s continued commitment to Turkey and NATO cooperation in the region.

SOURCE: YENISAFAK


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