SCO & BRICS latest news and insights
By Rhod Mackenzie
According to Vladimir Nezhdanov, an analyst at the Institute of Current International Problems (IAMP) of the Diplomatic Academy of the Russian Foreign Ministry, trade turnover between Russia and China could reach a record level of over $250 billion by the end of 2024.
The leade...
By Rhod Mackenzie
Pakistani authorities have decided to finish building an 81 km gas pipeline from the port city of Gwadar to the Iranian border as part of the Iran-Pakistan gas pipeline project. The project, which has faced significant delays, will be completed in two phases.
Pakistan's Special...
By Rhod Mackenzie
While many countries are moving away from using coal to consign its use to history, China continues to increase its consumption. This commitment to coal seems to contradict China's impressive successes in green technologies and poses a threat to global efforts to combat climate ch...
By Rhod Mackenzie
As of mid-February, gas reserves in European underground storage facilities (UGS) are at a record level, but remain below 66%. Since the start of the heating season, over 41 billion cubic meters of gas have been withdrawn from EU underground storage facilities.
On February 14t...
In 2023, Russia supplied hydrocarbons to the European Union that were not subject to sanctions.The countries of the EU purchased Russian oil, petroleum products, and gas worth over €29 billion.
In 2023, the trade turnover between EU countries and Russia decreased by 2.9 times in value compared to...
By Rhod Mackenzie
In 2023, India imported 22.141 million tons of liquefied natural gas, an increase of 8% from 2022 (20.468 million tons), according to the state Ministry of Trade and Industry.
However, this is still below the 2021 level (24.373 million tons) and the 2020 record (26.6 million to...
