On August 3, Russian Deputy Prime Minister Alexander Novak announced Moscow’s plan to cut oil exports by 300,000 per day (bpd) beginning in September. In March, Russia pledged to slash oil output by approximately 500,000 bpd (constituting 5% of its oil production at the time).
Speaking to High North News reporter Malte Humpert, energy analyst and author of EIRP’s “Cooling Prospects for Russia’s Arctic Development?” Timur Kulakhmetov commented on Russia’s expansion of energy exports via the Arctic.
On July 31, Reuters reported that Chinese battery firms have invested $4.4 billion for manufacturing projects in South Korea.
In the fourth installment of EIRP’s working paper series on Russia’s global energy role, Timur Kulakhmetov assesses Russia’s ambitious Arctic infrastructure and energy plans in the paper: “Cooling Prospects for Russia’s Arctic Development?”
Russia appears to have postponed construction of the Northern Latitudinal Railway, a proposed 707km railroad project connecting Russia’s northern Yamal Peninsula with nearby Arctic regions, until at least 2027 and possibly to 2031.
On July 4, China’s Commerce Ministry enacted export controls of gallium and germanium that will require purchasers to apply for export permits beginning on August 1.
In the third Russia Energy Working Paper installment of EIRP’s working paper series on Russia’s global energy role, oil analyst Sergey Vakulenko looks ahead at Russia’s oil sector under enduring Western sanctions.
Singapore has detained a record thirty-three docking vessels in 2023 for safety failures, with nine ship detentions in April alone.
On June 1, Politico reported that Indonesia, Malaysia, and the Philippines are advocating for their firms to qualify for the electric vehicle (EV) tax credit under the U.S. Inflation Reduction Act (IRA).
On June 14th, EIRP President Paul Saunders discussed the intersection of geopolitics, domestic politics, economics, resource availability, and the energy transition at the 21st Century Public Policy Institute, a program of Keidanren, the Japan Business Federation.
