US balances old energy alliances with new
Washington remains committed to GCC nations but is also strengthening relationships in Asia-Pacific and beyond, says State Department
The world is entering a new era of energy partnerships that better reflect changes driven by the US’ domestic energy supply boom, by the energy transition and by broader geopolitical dynamics, according to a Department of State official. Washington is looking beyond its traditional Middle East relationships to Asia-Pacific, as well as trying to combat growing Russian influence in energy producing nations. “The US transition from scarcity to abundance is opening a new era of opportunity,” Francis R Fannon, assistant secretary of state for energy resources, told the Adipec conference in Abu Dhabi in November. “We are entering a new era built on partnerships.” GCC countries should be reassure
Also in this section
13 May 2024
OPEC+ has huge amounts of spare capacity amid a tightening market, but nothing can be taken for granted given unclear economic trajectories and geopolitical unrest
13 May 2024
But optimism about island nation checked by competition around African upstream investment and history of false dawns
10 May 2024
The US’ contentious LNG permitting pause has prompted criticism from CEOs and wildly differing interpretations from politicians
9 May 2024
Pipeline boosts Canada’s oil industry by widening its export options, making it less reliant on US market and bringing Asia into the mix