By Rhod Mackenzie
The decision by Russia to suspend the grain deal, the agreements on which were in force until July 17, was quite predictable. The cancellation of the deal will not have any economic significance for Russia, since none of the conditions were favorable to it were fulfilled anyway,...
By Rhod Mackenzie
The global gas trade is growing, with LNG occupying an increasing market share. The alignment of countries that produce and export LNG, as well as its main consumers, is constantly changing
The World trade in liquefied natural gas in 2022 grew in physical volume by 6.8%, to 401...
By Rhod Mackenzie
A recovery in gas demand in the Asia-Pacific region (APR), led by China, could once again force the EU into price competition for liquefied natural gas ( LNG ) supplies, even though gas demand in Europe is falling.
This follows from the data presented at the Gas Exporting Count...
By Rhod Mackenzie
During the energy crisis of 2021/23, Europe burned through gas that cost it $1.12 trillion. This amount is comparable to what the EU spent on fuel for the entire previous decade. Their victory over Russian gas turned out to be vey Pyrrhic.
“Last year, European consumers paid a...
By Rhod Mackenzie
The heads of the Central Banks of India and the United Arab Emirates (UAE) signed memorandums on the use of national currencies in cross-border transactions and transactions: Indian rupees and UAE dirhams, respectively. The statement of the Reserve Bank of India (RBI), India's ce...
By Rhod Mackenzie
India and China have absorbed almost 80% of Russian oil exports, which previously went to Europe. The Asian market has become a key one for Moscow. At first, the raw materials were sold at a significant discount. However, recently the discount for New Delhi has already been reduc...