Middle East gas players weigh up how to deal with the US LNG surge

Middle East gas players weigh up how to deal with the US LNG surge

Saudi Aramco’s recent proposed investment in Sempra Energy’s liquefied natural gas (LNG) export project in Port Arthur, Texas, is indicative of the growing power of the US in the global energy market. The surge in US oil production has already had a major impact on the Middle East: the oil price crash which began in 2014 put an end to a 12-year period of budgetary comfort for MENA oil exporters, largely because of the extra US output. That country’s rapid climb up the ranks of the world’s LNG exporters is now an important factor in the calculations of many regional economies in which natural gas is of strategic importance, whether in the domestic energy mix or as an export commodity.

Huawei and 5G – what’s the big deal?

Huawei and 5G – what’s the big deal?

President Donald Trump’s Executive Order declaring a national emergency over threats from the unrestricted acquisition or use of ICT in the US on May 15, and the barring of US businesses from purchasing Huawei products and selling critical technology to the Chinese telecoms giant, are intended to protect the country and, arguably, Western democracies from foreign (China) adversaries who are creating and exploiting vulnerabilities in their ICT infrastructure. However, Trump’s move should also be viewed within the broader context of the growing tensions between the US and China, with the specific measures taken against Huawei being part and parcel of their ongoing trade war.

Saudi Crown Prince Asian Tour

Saudi Crown Prince Asian Tour

Last week, the Saudi Crown Prince Mohammed bin Salman effectuated a tour in three of Asia’s nuclear powers: Pakistan, India and China. Spending 2-days in each of those countries, the Crown Prince was accompanied by a large contingent of Saudi businessmen who looked to expand the international reach of their companies and investments.