Energy diplomacy and transatlantic cooperation in action: Opening the Southern Gas Corridor
Tue, Feb 16, 2021 11:30 AM
In light of the opening of the Southern Gas Corridor, key changemakers discuss the impact of this multilateral achievement in energy diplomacy and opportunities for expansion.
Event recap
On February 16, 2021, the Atlantic Council Global Energy Center hosted a virtual conversation on lessons learned from the successful completion of the Southern Gas Corridor.
Elshad Nasirov, vice president for investment and marketing at the State Oil Company of the Republic of Azerbaijan (SOCAR), delivered keynote remarks and set the scene for discussion on this multilateral achievement. The ensuing panel conversation featured three Atlantic Council nonresident senior fellows,
25 January 2021
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The use of advanced nuclear technologies could help the world meet increasing electricity demand whilst reducing greenhouse gas emissions. However, the deployment and commercialisation of advanced reactors faces many challenges, according to a discussion on nuclear innovation at the
Atlantic Council Global Energy Forum.
The participants in the session on Nuclear Innovation: Projections for the Next Decade on 20 January Just as the original prototypes do not resemble today s solar panels and wind turbines, tomorrow s nuclear looks very different from the plants of today, said session moderator Jackie Kempfer, senior policy advisor for Third Way s climate and energy programme and non-resident senior fellow at the Atlantic Council s Global Energy Center. The next generation of nuclear power promises to be more cost-effective and safer than ever, she said.
Reconciling transatlantic differences over Nord Stream 2
Flag of Federal Republic of Germany waving in front of the German parliament building (Reichstag) in Berlin, Germany (Katatonia82/Shutterstock)
From the time it was first proposed in 2011, the Nord Stream 2 gas pipeline has divided the United States and the project’s European supporters, principally Germany. Nord Stream 2 is not simply a US-Europe issue or a US-Germany issue, however. Many in Europe, including Central and Eastern European countries, the European Parliament, and those within Germany also oppose it. The policy dispute stems in part from different perspectives on energy security. Nord Stream 2’s supporters see Russia as an economic and reliable nearby supplier of oil and gas, while the US and European critics of the project are concerned that Europe’s reliance on Russian energy supplies creates security vulnerabilities. This concern has been exacerbated by Russian aggression against Ukraine starting in 201
Greater Participation From U.S. Expected To Yield Higher Goals At Climate Negotiations
Greater Participation From U.S. Expected To Yield Higher Goals At Climate Negotiations
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The United States is expected to play a major part in world climate discussions in Glasgow later this year, after President Joseph Biden rejoined an international climate change treaty that former President Donald Trump withdrew from over three years ago.
In December 2015,
197 nations adopted the Paris Agreement as a result of the annual United Nations Climate Change Conference (UNCCC) in the French capital. The flexible agreement requires nations to make commitments to cut carbon dioxide emissions more than any previously stated goal.
Oil demand is back in focus after vaccine-led rally
The optimism around vaccine rollouts has supported oil prices into 2021 – but traders are now focusing on the impact of the pandemic on longer-term demand for the commodity.
Brent crude prices closed at $55.04 a barrel in its last trading session, while US crude dripped slightly to $52.14.
“We might be further away from supply-demand balance ante that current price levels suggest,” said Reed Blakemore, deputy director of the Atlantic Council’s Global Energy Center.
Blakemore added there’s still a long way to go before “we can really start to draw on the inventories in the physical market.” There are “uncertainties abound on the demand side like consumption habits associated with economic reopening, the easing of lockdowns and return of consistent commuter activity”