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Saudi Arabia’s recent moves into the liquefied natural gas (LNG) market may be a sign the giant oil exporter is looking to expand into a rapidly growing and politically influential market it had long ignored.
Hear in-depth conversations with the world’s top energy and climate leaders from government, business, academia, and civil society.
For years, Japan set aggressive decarbonization targets, positioning itself as a climate leader despite limited domestic resources. But recent geopolitical earthquakes like the ongoing war in Ukraine, increasing...
Reports by Richard Nephew • July 31, 2017
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Senior Scholar Richard Nephew assesses the unintended consequences of sanctions and explores to what degree such consequences should be considered when formulating statecraft. Using the case of U.S. sanctions against Iran–which were first imposed in 1996 in the Iran-Libya Sanctions Act (ILSA) and followed up by the comprehensive embargo against Iran erected by President Clinton–Nephew examines whether these sanctions had a discernible, deleterious impact on Pakistan and its energy firms, as a result of a diminished Iranian natural gas sector.
Nephew concludes that Pakistan was harmed by the imposition of sanctions against Iran, but that it is impossible to ascertain how much the effectiveness of the sanctions regime would have been impaired in their absence. Based on his analysis, he offers three over-arching recommendations for policymakers considering the use of sanctions:
Steps by the second Trump administration show it is taking a tougher stance against the regime of Nicolas Maduro. Trump recently issued an executive order that could levy a 25 percent tariff on countries that directly or indirectly import Venezuelan oil starting on April 2, and it has modified Chevron’s oil license to operate in the South American nation.
Trump’s abandonment of antibribery efforts will hurt—not help—U.S. companies.
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Reports by Richard Nephew • July 31, 2017