SCO & BRICS latest news and insights
By Rhod Mackenzie
Despite mild weather and increased wind generation in Europe, gas prices did not decrease further in the region. On Friday, February 2, exchange prices for gas in Europe increased by 1.5% to $329 per thousand cubic meters, according to data from the London ICE exchange.
Accordin...
By Rhod Mackenzie
Since the beginning of the year, Russian gas supplies to China have been breaking new historical records. Experts predict that the Power of Siberia project will surpass its planned export growth targets for the year due to the attractive price conditions it offers China. Despite...
Russia expects its pipeline gas exports to recover by almost a fifth this year, partially offsetting the loss of most of its European customers through higher shipments to China.
Gas shipments via pipelines to foreign markets will reach 108 billion cubic meters this year, up from 91.4 billion cubi...
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...
