Russian Energy Update – May 3, 2023
On April 28, the Russian newspaper Kommersant Daily reported that Ukraine intends to raise transit fees on Russian oil entering its territory via the Druzhba Pipeline.
Summary: EIRP and Korea Foundation Discuss Critical Minerals and Batteries in U.S.-Korea Relationship
On Monday, April 24, Center for Energy Governance and Security at Hanyang University Director Younkyoo Kim said that recent Internal Revenue Service guidelines for implementing the Inflation Reduction Act’s electric vehicle tax credit were a ‘win-win’ outcome for the United States and South Korea that has reassured Korean manufacturers and the Korean public, at least in the near term.
Indo-Pacific Energy Update – April 20, 2023
The UN’s International Seabed Authority (ISA) said it will receive deep-sea mining applications for project outside member countries’ Economic Exclusion Zones beginning on July 9.
Russian Energy Update – April 6, 2023
On March 21, during Chinese President Xi Jinping’s visit to Russia, Russian Prime Minister Mikhail Mishustin and Jinping agreed to $165 billion in investment across 79 projects through an intergovernmental commission.
Russian Energy Update – March 7, 2023
The International Energy Agency reported a 40% year-on-year decrease in Russian oil and gas export revenue in January, with a $11.5 billion decline from January 2022.
Indo-Pacific Energy Update – March 21, 2023
On March 7, the Japanese government’s Green Innovation Fund awarded $1.62 billion to a Japanese-Australian business venture to create Japan’s first hydrogen supply chain between Victoria State in Australia and Kawasaki, Japan.
Indo-Pacific Energy Update – January 23, 2023
President Joe Biden’s January 13 meeting with Japanese Prime Minister Fumio Kishida in Washington yielded new reaffirmations of the U.S.-Japan alliance and Washington’s commitment to defend its ally as well as a strong American endorsement of Japan’s plans to boost its defense spending.
Russian Energy Update – February 8, 2023
On January 19, energy analytics firm Vortexa reported that Russia eclipsed Iraq as India’s largest source of crude oil starting in October 2022.
Indo-Pacific Energy Update – February 22, 2023
On February 15th, South Korean and Mongolian Industry Ministers signed a memorandum of understanding to encourage cooperation on rare earth supply chains.
Saunders Discusses Energy Impacts of the Russia-Ukraine Conflict with Global American Business Institute
On March 2nd, 2023, EIRP President Paul Saunders discussed the energy impacts from Russia’s invasion of Ukraine with Director of Programs and Strategy Brian Chung of the Global American Business Institute.