Regulators in Australia gave approval last month to the $30 billion Browse gas export project in the state of Western Australia. In an email interview, Vlado Vivoda, a research fellow at the Griffith Asia Institute at Griffith University, discussed Australia’s energy security. WPR: What is the breakdown of Australia’s energy consumption, in terms of fuel types and sources, and is there any policy strategy to shift the balance? Vlado Vivoda: Australia is mainly reliant on fossil fuels, which make up 96 percent of its primary energy demand. The largest source of energy is coal, with 40 percent, followed by oil, […]
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For the first time in several decades, Iraq reclaimed its place as the second-largest OPEC oil producer in July. Iraq produced more than 3 million barrels per day (bpd) over the month, surpassing Iran, whose production fell to 2.9 million bpd. The development resulted from a combination of Iraq’s gradually increasing oil output and Iran’s decreasing production due to the growing impact of international sanctions on Iran’s energy production sector. During the past five years, Iran’s oil production has decreased by about 1 million bpd due to various multinational and unilateral sanctions on its commercial activities. Meanwhile, Iraq’s output has […]
Recent high-level visits by Russian officials to Islamabad and an upcoming trip by Russian President Vladimir Putin, the first-ever by a Russian head of state since Pakistan’s independence, are highlighting Russia’s efforts to bolster strategic ties with the South Asian country. While looking to secure its near abroad in advance of the withdrawal of U.S. forces from Afghanistan in 2014, Russia is also moving to deepen its geo-economic ties with South Asia as a whole, with Pakistan serving as a gateway for energy trade to the entire subcontinent. For Pakistan, Russia can not only help the civilian government in Islamabad […]
With peril looming on both countries’ economic horizons, Sudan and South Sudan brokered a milestone oil-transit agreement over the weekend to the effusive praise of the international community. The deal represents a breakthrough after months of heightened tensions. South Sudan shut down oil production eight months ago over transit cost disagreements. Juba also accused the Khartoum government of siphoning southern oil and confiscating shipments in lieu of unpaid transit fees. In April, the two historical adversaries neared the brink of full-scale border war after South Sudan temporarily seized Sudan’s primary oil production site in Heglig. “Now was the time to […]
Officials in India are working to identify what caused the electrical grid failures that led to two massive blackouts Monday and Tuesday. Two experts who spoke with Trend Lines emphasized that the grid failures should also be seen as an opportunity for the country to figure out how to invest and innovate in the power sector so that it can meet the growing needs of the population. “The underlying issue is that there is not enough generation supply to meet the load demand,” said Anjan Bose, a professor in the College of Engineering & Architecture at Washington State University. And […]