SCO & BRICS latest news and insights
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...
By Rhod Mackenzie
The year 2023 proved to be challenging for the Russian gas industry due to the loss of a significant portion of the European market, falling prices, and a subsequent reduction in production volumes, export profits, and gas industry revenues. In 2024, the industry is expected to f...
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 sabotage of the Nord Streams is the biggest threat to North Atlantic unity and the unity of the European Union. Recently,the German publications Suddeutsche Zeitung and Die Zeit reported that Sweden intends to halt the investigation into explosions on gas pipelines because i...
