The Russian invasion of Ukraine and the European Union’s dependence on Russian natural gas demonstrate that energy supplies’ diversification is critical to establishing energy security. The European Union is dependent on Russian natural gas, and that dependency has forced the United States and Europe to maintain, until now, loopholes in their otherwise harsh economic sanctions...
Japan is largely dependent on imports from abroad for oil and gas. According to the Japan External Trade Organization in 2021, Russian crude oil and LNG accounted for 3.6% and 8.8% of its imports, respectively. While not nearly in the same range as the dependency of European nations on Russian fossil fuels, the amounts are...
Russia’s continuing war on Ukraine has begun to show its ripple effects on India’s fuel and energy markets, with global crude oil prices shooting past the $100 (Rs 7,527) a barrel (159 litres) accentuating the oil crisis in the country— the highest recorded since 2014. As the situation escalates between the two warring countries, the oil...
When Russian troops started a military invasion of Ukraine on the 22nd of February 2022, the world stood still and watched. Within a short time, the Ukrainian government mobilized its military troops and its nation and turned them into a force of resistance, hoping for international support. However, Ukraine until today is not a member...
As the invasion of Ukraine enters its second month, climate concerns have been temporarily usurped by energy security concerns. Russia is the world’s third largest oil producer and second largest gas producer. The European Union is Russia’s largest market, receiving seventy percent of the countries gas exports and half of its oil exports. As Europe’s...
The Russian attack on Ukraine has been devastating on both a humanitarian and economic level. Yet, the way in which it has highlighted the EU’s reliance on Russian gas seems like it may have positive climate implications. More than a third of the EU’s gas supply came from Russia before the beginning of the crisis,...
The relationship between China and Russia has been under scrutiny by many since Russia marched its army into Ukraine some weeks ago. China appears to be standing with Russia against much criticism from many in the global community. Russia speaks of reinforced friendship and strong relationships between the two countries. At first glance, this may...
Canada has been a strong voice in an elicited international outcry to this injustice. Our energy policy and practices to date have been limited although the Canadian government announced on February 28, 2022 a ban on Russian oil imports to Canada. As a negative, Canada expects to receive both a domestic and international push to...
In Brazil we observe 3 important impacts of the Ukraine crisis. The first impact is the increase in the price of a barrel of oil, directly putting pressure on the price of fuel and the entire production chain that depends on vehicles powered by diesel or gasoline. The second impact is on the future use...
