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THE NEW GEOPOLITICS IN THE MIDDLE EAST. THE U.S. AND CHINA'S COMMON INTERESTS IN A REGIONAL PEACE. Natural Gas World Trade. Data Source : BP. EIA forecast for U.S. Energy. U.S. dry natural gas production Trillion cubic fit. U.S. crude oil production Millions barrels per day.
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THE NEW GEOPOLITICS IN THE MIDDLE EAST THE U.S. AND CHINA'S COMMON INTERESTS IN A REGIONAL PEACE
Natural Gas World Trade Data Source: BP
EIA forecast for U.S. Energy U.S. dry natural gas production Trillion cubic fit U.S. crude oil production Millions barrels per day
The change in oil demand:from West to East Middle East oil export by destination Source: IEA WOA 2012
ChinaForecast for oil demand growth • China's growing transportation sector • Source: Argonne National Library Change in oil demand Source: IEA WOA 2013
Middle East Oil and Gas Transportation MENA’s share of China and U.S. oil imports of total consumption (MB/D) 2.93 2.2 11.8% of 18.6 28.4% of 10.3 Data Source: IEA, EIA, BP and various sources
U.S. and China on MENA "Maintaining peace and stability in the Middle East is also a common interest of both countries. There is a great deal both countries can achieve through cooperation, which will help bring about the balanced development of the world economy and global geopolitical stability“ Wu Sike, China's special envoy to the Middle East February 12, 2013 "…You could not make plans in the Middle East or involving Middle East crises, without keeping in mind the considerations of the oil market … but that is now changing substantially … narrowing the gap between supply and demand in North America, that is now of hugestrategic consequences“ Henry Kissinger October 16, 2013
The Institute for Structural ReformsThe new geopolitics in the Middle East asaf@ref-inst.org www.reformsintitute.org 03.6935126