By Floros Flouros(*) and Dr. Athanasios Dagoumas

In this study, the importance of HydroCarbon (HxCY) exploration in Exclusive Economic Zones (EEZ) and most particularly its implication on the involved countries is examined. Moreover, it is well known that Cyprus has been in conflict and confrontation with Turkey during the last decades. It will be argued that the continuation of the HxCY exploration from Cyprus inside its EEZ will strengthen its position with regard to Turkey which means that it will give to the Cyprus Republic a competitive advantage versus Turkey.

In recent decades, there has been a development of several related concepts, some under the category of thermodynamics, which may be applied, to some degree, to the current geopolitical scene.

Russia, Germany and a consortium of Western European companies have re-activated the Gazprom-led Nord Stream Two gas pipeline project. Parallel to the existing Nord Stream One pipeline on the Baltic seabed, Nord Stream Two would double the system’s total capacity to 110 billion cubic meters (bcm) annually, all earmarked for direct delivery to Germany.

The Global Energy Prize 2015 award ceremony has been held as part of St. Petersburg Economic Forum. This year’s prize was awarded to Shuji Nakamura -professor of the University of California and B. Jayant Baliga - Professor of North Carolina University. The revolutionary inventions of two scientists changed the modern energy sphere and brought enormous commercial effect.

Overland, I., Kjaernet, H. and Kendall-Taylor, A. (eds). (2009) Caspian Energy Politics: Azerbaijan, Kazakhstan and Turkmenistan. New York: Routledge.

Offering an expansion on the discussion about energy politics and Russian and Chinese interests in the Caspian-Eurasian region started out in Eurasian Corridors of Interconnection, this book, Caspian Energy Politics: Azerbaijan, Kazakhstan and Turkmenistan, provides an in-depth analysis of three of the most resource-intensive countries in the region.

It seems one cannot go a day without seeing a headline about the low price of oil and the potential impacts to the US and global economy and the oil and gas industry. In order to help make sense of the myriad of information available, we have broken down the issue into the following fundamental questions.

Amid declining global oil prices and uncertainty around a possible deal to lift sanctions imposed on Iran, political and industry leaders told that long-term vision is required to mitigate oscillations in the price and supply of energy in Asia.

Globalization’s most important aspect is the economic one. This goes hand in hand with the gradual economization of modern life. The ideological faith in progress enshrined in the Enlightenment, together with the Industrial Revolution and subsequent liberal economic understandings, have reached their apogee in the neo-liberal globalization of the 20th and 21st centuries.

Neoconservatives arrayed in their Washington offices are congratulating themselves on their success in using the Charlie Hebdo affair to reunite Europe with Washington’s foreign policy. No more French votes with the Palestinians against the Washington-Israeli position.

A multi-spectrum war is being waged against Moscow by Washington. If there are any doubts about this, they should be put to rest. Geopolitics, science and technology, speculation, financial markets, information streams, large business conglomerates, intelligentsia, mass communication, social media, the internet, popular culture, news networks, international institutions, sanctions, audiences, public opinion, nationalism, different governmental bodies and agencies, identity politics, proxy wars, diplomacy, countervailing international alliances, major business agreements, non-governmental organizations (NGOs), human rights, prestige, military personnel, capital, and psychological tactics are all involved in this multi-spectrum war.

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