SCO & BRICS latest news and insights
By Rhod Mackenzie
China is taking advantage of lower global energy prices for coal and natural gas to secure supplies ahead of the summer season. Bloomberg has published an article on this topic.
At the end of April, gas imports into the country increased by 21% compared to the same period last...
NOVATEK has once again revised the composition of key equipment for the power supply of the Arctic LNG-2 plant under construction. Instead of procuring machines from the Chinese Harbin Guanghan Gas Turbine, which may not meet the deadline, the company has ordered three GTE-170 units from Power Machi...
By Rhod Mackenzie
London has announced its intention to construct the first “high-tech nuclear fuel facility in Europe” that would produce high-assay low-enriched uranium (HALEU), in what appears to be a bid to create competition for Russia, which currently dominates the market.
The UK has awarde...
By Rhod Mackenzie
After the Western sanctions, India has strengthened its role as a major buyer of Russian oil. The current volume of transactions is back to its peak. However, exporters have managed to capture another critical segment - fertilisers. Delhi started to increase its purchases from Mo...
By Rhod Mackenzie
The national project, "Efficient and Competitive Economy," will be launched in the near future to achieve national goals. This was announced on May 12 by Alexander Novak, the candidate for the post of Deputy Prime Minister, during a meeting of the State Duma Committee on Energy. A...
By Rhod Mackenzie
The European Union is continuing to implement sanctions against Russia in an attempt to restrict its international financial transactions. The latest package of sanctions includes a prohibition on EU banks using the Russian analogue of SWIFT, the Financial Message Transmission Sy...
