Sovereign wealth funds (SWFs) are often presented as an effective instrument for managing hydrocarbon rents, reducing the impact of the volatility of oil or gas revenues on the economy, separating expenditure from income, and promoting a more transparent management of the rent.
Geopolitics of fossil fuels
This area deals with global geopolitical trends of the oil, gas and coal sectors, with a focus on short and longer term trends in demand and supply.
Lead Authors: Christophe McGlade, Steve Pye (UCL)
Authoring Team: Carole Mathieu (Ifri); Željko Jurić, Marko Matosović (EIHP)
Reviewer: Paul Deane (UCC)
Since 2010, the United States has been undergoing a second shale revolution with the very rapid development of Light Tight Oil (LTO) or shale oil, following the revolution in shale gas. This development has allowed the production of oil and liquids to increase, so that the US is the world’s...
Gas Strategy of China: Developing competion between national production and imports Notes de l'Ifri, October 2014
The Chinese gas market is facing four key challenges and the government is elaborating responses which will have implications for the Chinese and world energy markets:
Lead Authors: Marie-Claire Aoun and Quentin Boulanger (IFRI); Authoring Team: Damir Pešut, Marko Matosović and Robert Bošnjak (EIHP); Paul Deane, James Glynn and Brian Ó Gallachóir (UCC); Reviewer: Nathalie Desbrosses (Enerdata)
-by building dissonance within. Some like to remember fondly the call by Ronald Reagan for Gorbachev “to tear down this wall”. The United States “Won the Cold War” said George Bush Senior in his State of the Union Address. We need to step back and recognize with some humility that the Soviet...
The World Energy Outlook 2013 published by the IEA confirms that despite the rise of unconventional fuels in particular in the US, Middle East will by the mid-2020s retake its place as the world major oil and gas supplier, providing most of the increase in global supplies. Well, there are some...
The turmoil in Ukraine is now putting one question on everyone mouth: what if Russian gas transiting through Ukraine was cut once again? Today, Ukrainian gas pipelines still carry around 60% of the Russian gas intended for the European Union; i.e. around 16% of the EU final gas consumption.
Poll numbers are the life blood of politics these days. Anything expressed in digits has a claim to truth that assertions without digits cannot make. They inspire confidence - especially among those aspiring to public office - that they actually understand what public sentiment is. If you...
The Impact of the Development of Shale Gas in the United States on Europa's Petrochemical Industries Notes de l'Ifri, November 2013
The shale gas revolution has led to strong falls in energy prices, reducing significantly the raw material costs of the US petrochemical industry. Between 2008 and 2012, US gas prices fell by two thirds.