Crimeans vote to split from Ukraine, rejoin Russia

The Crimean referendum election on Russian annexation took place yesterday. With more than 50% of the vote accounted for, exit polls demonstrate that an overwhelming majority (close to 95%) of Crimeans supports the secession from Ukraine, as reported by the head of referendum committee Mikhail Malishev However, instead of defusing tensions, the referendum has merely…

Ukraine tense over Russian gas supply

To compound already-bursting tensions between Ukraine and Russia, the Russian oil and gas company Gazprom has raised prices to the country by 37% by cancelling a discount and even threatening to cut supplies entirely. This, according to a statement delivered by Ukrainian Energy Minister Yuri Prodan, means that Ukraine will be forced to pay $368.50…

The Great Gas Game, Part II

Turkmenistan is not the only source of LNG in Central Asia. Iran has long hoped to marshal its LNG resources but its central problem is the hesitancy of its neighbors to enter into a partnership to develop pipeline infrastructure. This is partially due to the harsh economic sanctions placed upon the Iranian economy on account…

The Great Gas Game, Part I

The global shale gas boom has barely begun. It is already old news in North America, but emerging markets in Asia have found that demand consistently outstrips supply, due not only to scarcity, but also to underdevelopment of existing resources. One of the largest sources of undeveloped energy and mineral wealth lies in the Caspian…