martes, 24 de abril de 2012

World War III an Energy War

Vadim VIKHROV

Strategic Culture Foundation 

This April, the gas sector news centered around the traditional issues of production, supplies, and plans for the cultivation of recently discovered deposits occasionally bordered on battlefield reports. The events which were drawing media coverage hardly warrant the nervous projections about a prelude to a series of full-blown conflicts but do lend extra credibility to Z. Brzezinski's fairly old assessment that World War III over the dwindling global energy resources has long become an objective reality.

 At least three developments related to the energy sector must be mentioned in the context of the crumbling global energy security. Early this April, gunmen in Yemen blew up the 38-inch pipeline used to feed gas to the Balhaf LNG terminal, disrupting the operations of Yemen LNG, which is run by France's Total. The media attributed the attack to Al Qaeda which supposedly avenged the killing of several militants by a US drone hours earlier, but it has to be taken into account that LNG from the Arabian Peninsula is, under long-term contracts, supplied by GDF Suez S.A., Total, and Korea Gas Corporation (KOGAS) exclusively to Europe and Asia and, from Al Qaeda's perspective, attacking a European company's facilities not geared towards the US should have made no sense.