SCO & BRICS latest news and insights
By Rhod Mackenzie
The Deputy Prime Minister of the Russian Federation, Alexander Novak, stated on January 27th that Russia is prepared to supply gas to Europe and negotiate the terms of delivery.
Novak expressed his willingness to continue gas supplies to Europe beyond the current contract, whic...
By Rhod Mackenzie
By the end of 2023, Gazprom will have increased gas supplies to China by 1.5 times compared to last year. The head of the company, Alexei Miller, announced this on 27th December during a working meeting with Russian President Vladimir Putin.
"This year, gas supplies to China wil...
By Rhod Mackenzie
Russia's NovaTEK, which is leading the Arctic LNG-2 project, has sent force majeure notices to a number of customers, this is preventing it from starting deliveries on time early next year. It is known that China's Shenergy Group and Zheijang Energy, as well as Spain's Repsol, ha...
By Rhod Mackenzie
Equinor, the Norwegian energy company formerly known as Statoil, has signed a 10-year contract with German state energy company SEFE. The contract requires Equinor to supply 111 TWh (10 billion cubic meters) of natural gas annually from January 1, 2024 until 2034 at a fixed price...
By Rhod Mackenzie
Gazprom supplied nearly 19 billion cubic meters of gas to China via the Power of Siberia gas pipeline in the first 10 months of this year, which will exceed the planned annual amount of 22 billion cubic meters. Russian Deputy Prime Minister Alexander Novak announced this on Decem...
By Rhod Mackenzie
The European Union (EU) has assessed the losses incurred from the sanctions imposed against Russia. According to a report by RIA Novosti on December 18, European countries overpaid €185 billionjust for gas alone. The total loss in the Old World, where calls to reverse the sanctio...
