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Arbitration with Gazprom: how to collect
A number of companies have filed arbitration claims against Gazprom over non-deliveries of contracted gas or other matters—and won. The next step is to collect the award; this is no easy task but it can be done thanks to an international legal framework under the New York Convention.
Power of Siberia 2: Deal or no deal?
There is a good strategic case for China to sign a deal for gas supplies via the proposed Power of Siberia 2 pipeline, but Beijing’s concerns around over-dependence on a single supplier and desire to drive down the price make it relatively unlikely a contract will be finalised this year
China creates two-tier oil dynamic
There is a bifurcation in the global oil market as China’s stockpiling contrasts with reduced inventories elsewhere
Trump’s Russia threat rings hollow
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
Waiting for Arctic LNG 2
Without sanctions relief, there is little reason to believe the latest potential attempt at exports from the Russian liquefaction project will be more successful than the one last summer
China’s oil output to scale new heights
New discoveries and stabilisation of legacy fields’ output have helped China reverse the decline and be a top-five producer in recent years
India to help Asia spearhead global refining
Shifting demand patterns leaves most populous nation primed to become downstream leader as China and the West retreat
US, Russia and China circle the Arctic
The strategic importance of vast untapped oil and gas reserves and key shipping routes has come in from the cold
Azerbaijan enjoys rare upstream FID
BP and partners have reached a $2.9b FID on a new phase at Shah Deniz, but slow progress on other gas projects is attributed to a lack of European support
Saudi Arabia and Russia pull OPEC+ in different directions
The two oil heavyweights’ diverging fiscal considerations are straining unity within the group
Moscow still has significant political and economic sway in Central Asia
Kazakhstan Uzbekistan Turkmenistan Tajikistan Azerbaijan China Russia Kyrgyzstan
Simon Ferrie
16 August 2022
Follow @PetroleumEcon
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Between East and West: Central Asia at a crossroads

The region holds huge gas and oil reserves, but getting those resources to market poses challenges

Geopolitical factors present challenges and opportunities for the resource-rich nations of Central Asia. The region is situated between the demand centres of Europe and China, but  hemmed in by what are—at least in the West—international pariah states in Russia and Iran. It is also cut off from easy access to open oceans and hence reliant on pipelines to access markets. Moscow still has significant political and economic sway in these former Soviet republics, further complicating the geopolitical balancing act for governments, NOCs and IOCs since the Ukraine invasion. And the region’s autocrats in recent years have ranged from the relatively competent and business-friendly to the brutal, cor

Also in this section
Arbitration with Gazprom: how to collect
1 August 2025
A number of companies have filed arbitration claims against Gazprom over non-deliveries of contracted gas or other matters—and won. The next step is to collect the award; this is no easy task but it can be done thanks to an international legal framework under the New York Convention.
Difficult times for Germany’s downstream
1 August 2025
Europe’s refining sector is desperately trying to adapt to a shifting global energy landscape and nowhere is this more apparent than in its largest economy
Middle East gas can power regional prosperity
1 August 2025
The Middle East natural gas playbook is being rewritten. The fuel source offers the region a pathway to a cleaner, sustainable and affordable means of local power, to fasttrack economic development and as a lucrative opportunity to better monetise its energy resources.
TotalEnergies sticks to winning formula
31 July 2025
TotalEnergies is an outlier among other majors for remaining committed to low-carbon investments while continuing to replenish and expand its ample oil and gas portfolio, with an appetite for high risk/high return projects.

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