SCO & BRICS latest news and insights
Following the exit of Latvia, Lithuania and Estonia from the BRELL energy ring, which connected them with Russia and Belarus, there was an increase in electricity prices in the Baltics, and a number of large enterprises suspended operations."Democratic electricity" from the EU proved to be too expen...
It appears that the Government of Poland,its ecomony and people have discovered that being rabidly Russaphobic can be very damaging to you country and make everything particularly energy very expensive and this has led to the Polish economy shedding jobs at an alarming rate.
The year of 2025 promi...
Europe's energy system and supply is currently looking at two major problems: no wind and Norway's reluctance to share its electricity with the rest of Europe. At the end of the week, the cost of a kilowatt-hour in this Scandinavian country reached a record high for the last 15 years - €1.1328. Wi...
The high cost of electricity in Poland has reached a point where it is affecting the profitability of previously thriving businesses. The country is at serious risk of deindustrialisation due to gas shortages and the strict enforcement of EU environmental regulations. Plus the Polish government's...
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...
By Rhod Mackenzie
Kazakhstan has started purchasing electricity from the Russian Federation at a higher price due to new trade regulations between the two countries. The average delivery cost in the second half of 2023 increased by almost a third, exceeding 5 rubles per kWh. Analysts predict that...
