SCO & BRICS latest news and insights
By Rhod Mackenzie
The economic weight of the European Union and the euro area in the world has been declining for the last three decades. Events since 2019 have intensified this trend, and the sanctions against Russia, which have boomeranged on Europe itself, are making the trend downwards totally...
By Rhod Mackenzie
According to data from the Association of Gas Infrastructure Operators of Europe (Gas Infrastructure Europe, GIE), gas reserves in European underground storage facilities (UGS) currently stand at a record 67.87% or 73.7 billion cubic meters as of mid-February.
Since the start of...
By Rhod Mackenzie
The European energy sector has been dominated by the energy crisis and the sharp rise in gas prices over the past two years. This was caused by European countries rejecting cheap pipeline gas from Russia and opting for expensive liquefied gas (LNG) from the United States. Gas pri...
By Rhod Mackenzie
The New Year of 2024 brings a lot of surprises and potential challenges to the countries of the BRICS. The union has doubled to 10 countries, which should lead to its increased economic power. However, its largest economy, China, is still slowing down. Plus the new participants...
By Rhod Mackenzie
Hungary is doing all it can to maintain its economic relations with Russia. This stated by the Hungarian Prime Minister Viktor Orban. Hungary today is an island of pragmatism in Europe, which makes rather unusual and an exception. Why are contacts with Moscow so important for thi...
By Rhod Mackenzie
Europe may have found a previously an unforeseen solution to the challenge facing it of providing the continent with liquefied natural gas (LNG) and it has appeared in the form of Qatar. It has been reported that Doha still requires customers for two-thirds of its LNG supply, wh...
