By Rhod Mackenzie
The International Energy Agency (IEA) has warned that Europe could still face a very difficult winter if Russia cuts gas supplies to the continent and if cold weather sets in in the region.
Even if European gas storage facilities are 100% full by October thanks to lower prices...
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...