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Articles by Viktor Tachev
High Costs and Renewables Surge Weaken Asian Gas Demand Forecasts
Long-term gas demand growth forecasts are starting to show signs of weakness due to energy security issues, national decarbonisation goals and the continuously decreasing costs of renewables. 19 June 2024 – by Viktor Tachev Comments (0) Asian gas demand has long been dubbed the engine behind the growth of the global natural gas market. However, a series of factors are now weakening the bullish market forecasts.
Prominent Role of Fossil Fuels
Despite being one of the most innovative economies, South Korea is lagging in its clean energy transition. Nowadays, the share of renewables in the South Korea’s energy mix is more than two times lower than the global average. Furthermore, Korea remains among the biggest coal polluters. And while Koreans are already struggling with the impacts of climate change, the upcoming elections and the climate pledges of participating parties show a glimpse of hope that things can soon change.
The IEA’s World Energy Outlook 2023: Global and Asian Gas Demand to Peak by 2030
The IEA’s World Energy Outlook 2023 highlights many positives regarding the energy transition – from clean energy deployment reaching “unstoppable levels” to a possible peaking in demand for all fossil fuels this decade. While the IEA expects Asian gas demand to drop significantly, industry organisations are more bullish and forecast massive consumption demand growth, especially in Southeast Asia.
The Emission Gap Between Rich And Poor
Jordan Schiffer for ArtistsForClimate.org "Who would have predicted the climate crisis and its spectacular impact on our country this summer?" This isn't a quote from a decades-old science-fiction novel or a Holywood production. The year is 2023, and this is an excerpt from French President Macron's New Year's Eve address. To his surprise, this has been a long time coming. Alexander von Humboldt predicted anthropogenic climate change over 200 years ago.
Upcoming LNG Projects in Asia: The Outlook for 2023 and Beyond
Developing Asian countries have felt the financially-devastating consequences of relying on natural gas. Yet, they are planning for a massive buildout of LNG terminals – a move that will lock them in a future of stranded assets, high power costs and energy independence. 26 December 2022 – by Viktor Tachev Asian countries are leading the global plans for LNG terminal import infrastructure buildout.
The "I Hate to Have Told You So" Moment With the Crypto Lending Industry
In times like these, I feel nothing but empathy for the community and the wealth lost over the past few weeks. However, I am not going to act surprised about the collateral damage and the events that shook the crypto lending industry.
The Risks From JICA’s Involvement in the Matarbari Power Plant Project of Bangladesh
The Matarbari power plant has become the epitome of a dying industry. Contractors are withdrawing and Bangladesh’s government is now starting to have second thoughts on this coal-fired power project. Only the Japan International Cooperation Agency (JICA), the project’s leading funding provider, remains involved. Considering the substantial reputational risk to the agency and Japan itself concerning the project’s unfeasibility, JICA’s best move would be to follow the others and back out.
JERA's Vietnam LNG Plans in the Wake of PDP8
Japanese power producer JERA and its latest Vietnam LNG plans have caused even more confusion when determining the direction of the country’s energy journey. While the short-term gains that stem from expanding its fossil fuel fleet may seem tempting, Vietnam would benefit from showing ambition on the green energy stage. The recent results are enough of an incentive. LNG as a Crucial Step in Vietnam’s Perplexing Energy Journey In just two years, Vietnam went full circle.
The Proposed Vietnam PDP8 Update and the Risks From the Coal Pivot
As far as success stories go, Vietnam’s renewable energy leaps are one of the globes foremost examples. The 100-fold increase in solar power capacity the country achieved in just two years ranked it amongst the top markets globally. However, in the proposed update of its PDP8 policy, recent political developments in Vietnam could risk yesterday’s green champions becoming tomorrow’s climate villains.
Cryptocurrency and Its Effect on World Economy
Cryptocurrencies have been discussed and spoken about for a long time but are now emerging as financial assets that are more accessible and useful. Cryptocurrencies have the capacity to facilitate more convenient access to capital and financial services, which can allow social and economic growth in developing countries. The impacts of cryptocurrency in financial markets are staggering. But before going any further, we first need to know a little more about what it is.
The Blockchain Industry Has to Make It Right This Time
If the first decade of the crypto industry’s life were to be documented, it surely would have been one of the most binge-worthy series ever. Over the past few years, we saw everything — from multi-billion dollar scams and projects promised to be the next big thing that burned down spectacularly to projects creating value within and beyond the niche. In the meantime, the price of one bitcoin has gone all the way from being enough for a pizza to being enough to buy you a brand-new car.
The Narrative That Bitcoin Is a Safe Haven Asset Should Stop
OneCoin is probably the poster image of a cryptocurrency scam. Its magnitude even attracted Hollywood’s interest, which, as we know, makes financial-themed productions only if they relate to notable events. Although the investors on the top of the OneCoin pyramid made money indeed, over €5b went into the founders’ pockets, which, according to the recent FinCen leaks, instructed their team to “take the money and run,” should the project goes south.
The Investors’ Response to the Subscription Economy in the Pre- and During-COVID Period
Photo by Thibault Penin on Unsplash Netflix (NFLX) was added to the S&P 500 in 2010, replacing the New York Times. Since then, the index has returned 157%. Netflix — 1533%. During the last decade, the company was close to bankruptcy several times but managed to overcome the bumps and today has a market cap of over $217b. What Netflix is also known for is being the epitome of subscription services. It is no coincidence that the company’s success is in line with the growth in its subscribers.
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