Robert M. Cutler on Energy and Eurasia

President Nursultan Nazarbaev of Kazakhstan publicly endorsed the Nabucco natural gas pipeline earlier this month, then criticized Europe for putting too much talk into the project and not enough action.

Continue reading "Nazarbaev faults Europe on Nabucco" »

Political friction over economic issues between the US and China has faded for the time being, but its sources remain and may reappear at any time.

Continue reading "US-China Economic Conflict: Not Dead, but Asleep" »

Investors are pouring money back into China's stock markets, helping to reverse a plunge of more than 27% this year, on signs that the government's efforts to cool the economy are having their effect and on the hope that policy tightening measures may thus be relaxed.

Continue reading "China on a razor's edge" »

Embattled oil giant BP, which is looking for ways to meet bills arising from the Deepwater Horizon blowout in the Gulf of Mexico, has numerous assets it could sell to meet its obligations, but reports that these could include Caspian Sea projects appear to be unfounded.

Continue reading "BP set to remain in the Caspian" »

Adjusting the arcane rules governing exchange trading execution will not remedy broader financial-system problems and global macroeconomic mismanagement that are producing a new wave of volatility in the world's securities markets.

Continue reading "Volatility Returns to World Stock Markets" »

Turkmenistan has broken Russia’s stranglehold on its gas exports by opening a pipeline through Uzbekistan and Kazakhstan to China. The country’s president Gurbanguly Berdimuhamedov has just made his first trip to New Delhi where the Turkmenistan-Afghanistan-Pakistan-India natural gas pipeline project was discussed. Earlier this year a short pipeline was opened in order to increase exports to Iran, and gas is in the process of being identified for eventual export to Europe via a Trans-Caspian Gas Pipeline and the EU’s Southern Corridor. The era of Russian control over the country’s exports is over, and Ashgabat is taking care to make certain that it is not squeezed between Moscow and Beijing.

Continue reading "Turkmenistan Diversifies Gas Export Routes" »

В столице Казахстана Астане под несколько приглушенные звуки фанфар было заключено очередное многостороннее соглашение об экономическом сотрудничестве между некоторыми из стран-наследниц Советского Союза. На встрече Евроазиатского экономического сообщества (ЕврАзЭС) три его члена (Белоруссия, Казахстан и Россия) из пяти (остальные — это Таджикистан и Киргизия) подписали договор о вступлении в Таможенный союз.

Continue reading "Россия пробует "любовь втроем"" »

With moderate fanfare, yet another multilateral economic cooperation agreement was signed among a limited number of the Soviet successor states this month, in Astana, the capital of Kazakhstan. Belarus, Kazakhstan and Russia signed up to a customs union in the margin of a meeting of the EurAsian Economic Community (EurAsEC), which also counts Tajikistan and Kyrgyzstan as members.

Continue reading "Russia tries a ménage à trois" »

Despite recent improvements in Turkey's economic performance, political uncertainty is weighing on the country's stock markets, with little prospect of relief until the outcome is known of a September 12 referendum on proposed constitutional amendments.

Continue reading "Turkey's markets on hold" »

Petroleum Industry Review: Cum evaluaţi evoluţia pieţei internaţionale de energie, având în vedere cererea crescută (în Uniunea Europeană şi în SUA consumul energetic a crescut cu peste 40% din 1970, în Japonia acesta s-a dublat, iar în China este de peste patru ori mai mare), dar şi declinul resurselor mondiale de hidrocarburi? Care este opinia dvs. cu privire la resursele alternative? Reprezintă energia regenerabilă o soluţie pentru economia mondială în perioada de criză? Dar pentru viitor?

Continue reading "Interviu cu "Petroleum Industry Review" (Ploiesti)" »

Petroleum Industry Review: In your opinion, how will the international energy market change, given the high energy demand (in the EU and the U.S. energy consumption increased by more than 40% since 1970, in Japan it doubled and in China it is more than four times higher) but also the decrease of the world hydrocarbons resources? What is your opinion concerning alternative energy sources? Is renewable energy a solution for the world economy during this time of crisis? Is it a solution for the future?

Continue reading "Interview by "Petroleum Industry Review" (Ploiesti, Romania)" »

Robert M. Cutler amerikai politológus-tanácsadó szerint a közép-európai országoknak muszáj együttműködniük az orosz befolyás csökkentéséért. Az oroszok a gázt politikai fegyverként használják, és a nagy nemzetközi vezetékekért folyó küzdelem akár fegyveres konfliktusok kitörésében is szerepet játszik. Az azeri gázmezők válthatják meg térségünket a moszkvai nyomástól.

Continue reading "Nekünk Azerbajdzsán kell" »

Tensions created by China's tearaway economic growth emerged on full display Thursday, when figures showed an almost 50% gain in exports in May and a near-record rise in house prices in the same month. The data kept pressure on the government to raise the value of the yuan, stoked fears of more moves to cool the economy, and sent stock prices sharply up - and then down.

Continue reading "Chinese exports surge, for now" »

Labor unrest in China has reached the headlines of the Western media. The suicides at Foxconn and the strike at Honda have led to significant percentage wage increases that have been widely publicized. This will eventually increase somewhat disposable income and consumer spending in the country, encouraging a shift to production for the domestic market rather than for export. With the expected appreciation of the yuan during the course of this year, the wage hikes will inevitably make China’s exports more expensive for consumers in the developed countries, where they will consequently contribute to an increase in inflation.

Continue reading "China's labor unrest and the world economy" »

Energy conferences in the Caspian Sea region have come so fast and furious in recent years that some industry and government figures consider them a dime a dozen. In fact, the organizers are sometimes the ones who draw most advantage from them, in view of steep fees for participation. Nevertheless, the current International Oil and Gas Conference and Exhibition looks to be an exception. It is the seventeenth in the series hosted in Baku.

Continue reading "Nabucco spurs Caspian projects" »

Энергетические конференции в регионе Каспийского моря в последние годы сменяют друг друга с такой головокружительной скоростью, что некоторые представители отрасли и правительственные чиновники перестали относиться к ним серьезно. Правда, иногда сами организаторы получают от них больше пользы, если принимать во внимание резко возросшие сборы за участие. Тем не менее, проходящая в настоящий момент Международная конференция и нефтегазовая выставка, судя по всему, может стать исключением их этого правила. Эта семнадцатая по счету из серии подобных конференций и пройдет она в Баку.

Continue reading "Трубопровод Nabucco подстегивает каспийские проекты" »

In the wake of recent bank failures, high-level proposals suddenly abound for the taxation of financial transactions or financial institutions. But rather than give in to injunctions to "seize the time," we should instead observe Hippocrates' principle: “First, do no harm”.

Continue reading "Europe Sets Taxing Questions" »

Events this week confirm that Turkmenistan has taken a decisive strategic decision to diversify its gas exports not only beyond Russia but also beyond China.

Continue reading "Tectonic shift under way in Turkmen gas" »

«Уже больше девяти месяцев США представлены в Баку временным поверенным в делах.» Со времени установления отношений между США и Азербайджаном в 1992 году, это самый долгий период представления интересов США в Баку без назначения посла. А такое положение, в любом случае, создает трудности в двусторонних отношениях». Об этом вашингтонскому корреспонденту АПА сказал главный научный сотрудник Исследовательского института Европы, России и Евразии Карлтонского Университета (Carleton University) Роберт Катлер.

Continue reading "Роберт Катлер: «То, что Демократическая партия учитывает мнения армянского лобби, влияет на энергетическую политику США»" »

“ABŞ doqquz aydan çoxdur ki, Bakıda müvəqqəti işlər vəkili səviyyəsində təmsil olunur. Bu, 1992-ci ildə yaranmış ABŞ-Azərbaycan münasibətlərinin tarixində ABŞ-ın Azərbaycan paytaxtında səfirsiz təmsil olunduğu ən üzün dövrdür. Bu cür vəziyyət isə istənilən halda ikitərəfli münasibətlərdə çətinlik yaradır”. Karlton Universitetinin (Carleton University) Avropa, Rusiya və Avrasiya Tədqiqatları İnstitutunun baş elmi işçisi Robert Katler (Robert M. Cutler) APA-nın Vaşinqtondakı müxbirinə belə deyib.

Continue reading "Robert Katler: “Demokrat Partiyasının erməni lobbisinin fikirlərini nəzərə alması ABŞ dövlətinin Azərbaycanla bağlı enerji siyasətinə təsir edir”" »

Эксклюзивное интервью 1news.az с профессором Института европейских, российских и евразийских исследований Карлетонского университета (Канада), Роберт Катлером (Robert Cutler).

Continue reading "Роберт Катлер: «Соглашение по газу между Азербайджаном и Турцией приближает осуществимый срок реализации Набукко»" »

The murder by Naxalite insurgents of 35 civilians and police in a landmine attack on a bus in the eastern Indian state of Chhattisgarh on Monday, a month after another attack killed at least 75 policemen, barely registered among investors seeking to tap into the country's burgeoning economy.

Continue reading "Naxalites drill away at India's wealth" »

As you know, Europeans with an interest in energy affairs get very excited when discussing the source of the gas they’ll in 5-10 years. Especially in Italy, where Berlusconi’s center-right government is openly defying EU policy on the matter and nurturing very close ties to Russia, the debate tends to be quite heated and often partisan. We would like then to here the view of an informed and independent outsider on this.

Continue reading "Interview by European Center for Energy Security Analysis (ECESA)" »

Following the recent agreement on principles and prices between Azerbaijan and Turkey for bilateral gas sales, Azerbaijan this week increased again the amount of gas it is willing to provide to the Nabucco pipeline, this time to half its projected capacity.

Continue reading "Nabucco, and Baku, filling up on gas" »

An anonymous but highly placed representative of the Azerbaijan state oil company, SOCAR, confided to Trend News Agency in Baku last week that agreement has been reached with Turkey concerning the price of Azerbaijani gas and its transit through Turkish territory.

Continue reading "Baku gas price deal moves Nabucco forward" »

In Brussels Fiddles While Athens Strikes seven weeks ago, the Neronic allusion was intended half in irony, half as warning: This week Athens burned; and it is not yet even summer, the season known in southern Europe for wildfires.

Continue reading "Greek General Strike Turns Tragic" »

Concern continues to mount over a property bubble in China in the near term. Whereas earlier this year economic observers were suggesting that a bubble might burst in one to three years, the overdrive of the Chinese economic recovery has led BNP Paribas, for example, to warn of a 20% fall in real estate prices in the second half of the year. Bloomberg News this week quotes the head of Citigroup’s global head of real estate Thomas Flexner as calling the bubble in the Chinese housing market "very real".

Continue reading "China bubbles away" »

Last month, after years of on-again, off-again negotiations, Iran and Pakistan signed an agreement for a bilateral natural gas pipeline to be sourced from the South Pars deposit. India has since asked to reopen negotiations, from which it had earlier withdrawn, to make the project trilateral. While pricing issues between Iran and Pakistan appear to be resolved, questions about pipeline security in Pakistan, pricing with India, and the role or non-role of China, are only three of the sets of problems still awaiting resolution.

Continue reading "India Seeks to Re-enter New Iran-Pakistan Gas Deal" »

Two events coincided this week to point towards further complications in Euro-Caspian energy geo-economics. Azerbaijan has signed a memorandum of understanding (MoU) with Georgia and Romania to promote liquefied natural gas (LNG) transportation across the Black Sea, and has separately announced the possibility of postponing a decision on the start-up of production from the offshore Shah Deniz Two natural gas field until 2017 (press reports cite various years from 2016 to 2018).

Continue reading "Caspian pipeline knots tighten" »

Wybór Dervisa Eroglu na prezydenta w północnym Cyprze komplikuje negocjacje akcesyjne Turcji z UE jak również już wcześniej trudne negocjacje na temat zjednoczenia wyspiarskiej republiki.

Continue reading "Komplikacja na Cyprze" »