The liquefied natural gas (LNG) industry faces increasing pressure to do more to achieve climate change objectives. A new product—Green LNG—could help ensure that natural gas keeps its role in the energy transition, if the LNG industry can convert Green LNG into a uniform, tradable commodity, write the authors.
Kenneth B. Medlock III, Steven R. Miles, Marcia HookOctober 27, 2020
Leveraging a crash in oil revenue, the Saudi government has quickly imposed unprecedented changes to the way it raises cash by increasing taxes and slashing subsidies in ways Saudi citizens once considered unthinkable.
The COVID-19 pandemic has compounded concerns over a U.S.-China trade deal, write the authors, but a mutual commitment to long-term purchases could be the solution. Read more on the Baker Institute Blog.
This post originally appeared in the Forbes blog on April 8, 2020.
Steven R. Miles, Kenneth B. Medlock IIIApril 10, 2020
With the implementation of the Iran nuclear agreement, many Gulf Cooperative Council states now openly wonder whether U.S. support can still be relied upon, given the speed with which the U.S. government has engaged Iran in negotiation and diplomacy since 2013. This incomprehension may lead to further instability in the Middle East as the Gulf States continue to take increasingly unilateral action in Yemen and other regional conflict zones, fellow for the Middle East Kristian Coates Ulrichsen writes.
Though drops in oil prices stand to impact Saudi Arabia’s economic stability, the government has turned to drawing down its foreign reserves and issuing bonds to alleviate budgetary pressures and avoid drastic domestic spending cuts. Fellow for the Middle East Kristian Coates Ulrichsen writes in the Baker Institute Blog: http://bit.ly/1fKLWG9.
The range of responses in the six Gulf states to the Iran nuclear deal illustrates both the diversity of regional approaches to Iran and the absence of any monolithic “Gulf position” on the issue.
After more than five decades, China's central government is modernizing, standardizing and regulating the Hukou system of registration that largely tied farmers to the lands on which they were born, and kept them out of the cities and away from competing with urban residents for jobs and benefits. China is now officially gradually phasing out its highly unequal two-tier system of citizenship.