EDITORIAL

By Dr. Ajay Kumar (PhD)
(Chairman & Managing Director, Fox Petroleum Group of Companies)

Copyright: @ 2022 Research Institute for European and American Studies (www.rieas.gr) Publication date: 1 May 2022

Note: The article reflects the opinion of the author and not necessarily the views of the Research Institute for European and American Studies (RIEAS)

In every truth, the beneficiaries of a war will be United States of America. The war in Ukraine will have the greatest economic impact on Europe, where some 5 million refugees have already fled the fighting in the largest exodus the continent has seen since the Second World War. But Russia’s invasion is reverberating around the world, as shown by the IMF’s latest.

I think most of soaring US gas production to be sold abroad as LNG. By 2050, approximately 25 percent more natural gas will be produced than consumed in the United States, according to government projections. However, more than 35 percent of gross additions will be exported – mostly as LNG – while the share of gas in the domestic power gen mix stays constant, at about one-third from 2021 to 2050. ...Read more

Raagini Sharma
(RIEAS Senior Analyst, and Research Director, Indic Researchers Forum)

Copyright: @ 2022 Research Institute for European and American Studies (www.rieas.gr) Publication date: 25 April 2022

Note: The article reflects the opinion of the author and not necessarily the views of the Research Institute for European and American Studies (RIEAS)

Concept of Balance of Power

The Balance of Power per se is the parity of power between nation or group of nations with the competing nation or group of nations to ensure that the peace and stability is maintained as none of the entity becomes too powerful to force its will upon other. The balance of power refers to the distribution of power capabilities of rival states or alliances and a kind of check it offers so that a state of equilibrium is achieved and maintained in international system. The Balance of power is a central concept in neorealist theory.

States are the principal and unitary actors in the international system. It is logical and inherent nature of the Nation State to protect its sovereignty, safeguards its interests and work towards realization of vision of itself. The Balance of Power could be achieved by the State either to become an ally to a nation or a group of nations so as to garner equal or superior power as compared to the competing hostile nation or a group of nations. Another way of assuring the balance of power was to be working upon itself holistically to gain power to convincingly posture itself so that the competing nation(s) do not enforce their will on to it. This is a direct method that has been adopted by nation(s) to secure its sovereignty and survival. It involved the State to be spending heavily on military and weapons and be a contestant in an armament race.... Read more

Vasileios Valasakis
(Chairman of a financial Institution in the United Kingdom and holds an MA from Georgetown University in International Relations and National Security. He has also earned a Certificate in Terrorism and Counterterrorism from the University of St Andrews, UK)

Copyright: @ 2022 Research Institute for European and American Studies (www.rieas.gr) Publication date: 17 April 2022

Note: The article reflects the opinion of the author and not necessarily the views of the Research Institute for European and American Studies (RIEAS)

The Russian invasion in Ukraine provides Greece and Turkey with a unique opportunity to resolve their longstanding differences. A resolution that is to bring about benefits to the western alliance and promote stability in the Aegean and the Mediterranean. It is equally an opportunity for Greece to ferret out Turkey’s true willingness for a compromise solution. Turkey in turn, by compromising her maximalist position in the Aegean, soothes out further her turbulent relationship with the superpower .
The negative climate against the use of military force may prompt Turkey to take a step back from her maximalist claims in the Aegean and the Eastern Mediterranean. This is an unexpected bestowal for Greece, who has limited options to exercise to counter Turkish claims . Greece’s two extreme policy options comprise Israelification, or compromise. Israelification implies militarisation of the Greek society to counter the Turkish threat. Militarisation entails creating and sustaining a society in arms. A society in arms provides negotiating chips to the political leadership to take a strong stance when confronting Turkey’s increasing demands. ... Read more

By Dr. Ajay Kumar (PhD)
(Chairman & Managing Director, Fox Petroleum Group of Companies)

Copyright: @ 2022 Research Institute for European and American Studies (www.rieas.gr) Publication date: 17 April 2022

Note: The article reflects the opinion of the author and not necessarily the views of the Research Institute for European and American Studies (RIEAS)

Outrageous pictures from the Ukrainian town of Bucha and accusations of war crimes levelled at Russia are building pressure for more sanctions against Moscow especially no on its oil & gas business. NATO losing knot on Russian Gas – a threat to EU Economy; whereas Berlin disagrees. Berlin has publicly warned of mass unemployment and poverty in Europe's biggest economy if its industries and households must forgo Russian gas. The German government has set out plans to end its need for Russian oil imports by the end of this year and to stop Russian gas imports by 2024.

Before going into deep, let’s be familiar with how much oil and gas EU buy from Russia. Russia supplies a momentous volume of fossil fuels to other European countries. In 2021 it was the largest exporter of oil and natural gas to the European Union, and 40% of gas consumed in the EU came from Russia. In 2017, energy products accounted for around 60% of the EU's total imports from Russia. The data shows from 2017 to 2021 European Union already cut down imports by 20%. Let me simplify it - A key potential target of United States is Russian oil and natural gas because $850 million (€775 million) approx that European importers pay for those supplies every day. But it's not so easy, given Europe's dependence on Russian energy.... Read more

Shaul Shay
(Senior research fellow at the International Institute for Counterterrorism (ICT) at the Interdisciplinary Center Herzliya and former deputy head of Israel’s National Security Council)

Copyright: @ 2022 Research Institute for European and American Studies (www.rieas.gr) Publication date: 31 March 2022

Note: The article reflects the opinion of the author and not necessarily the views of the Research Institute for European and American Studies (RIEAS)

The Houthi militia is escalating its hostile attacks to target energy sources in Saudi Arabia and the Red Sea region. The escalation comes on the seventh anniversary of the Saudi-led coalition’s intervention in Yemen’s war.

The Saudi-led Arab coalition announced on March 25, 2022, that the Iran-backed Houthi militias in Yemen had carried out 16 attacks against the Kingdom. The coalition said that Saudi defenses shot down 12 armed drones and a ballistic missile fired at the southern and southwestern regions of the Kingdom.

The Saudi led coalition also has destroyed two explosive-laden Houthi boats on March 23, 2022, in the Yemeni ports of Saleef and Hodeidah . The coalition said that the militia was planning to use the boats in attacks on oil tankers crossing the Bab Al-Mandab Strait.... Read more

Prof Joseph Fitsanakis 
(Senior Editor, IntelNews.org)