SCO & BRICS latest news and insights
By Rhod Mackenzie
The International Energy Agency (IEA) has released its recent long-term forecast, World Energy Outlook. According to the report Russia's gas industry faces a bleak future with its market share predicted to decrease by half on the global platform. It is crucial to determine the ev...
By Rhod Mackenzie
A major political row over gas has erupted between Serbia, Hungary and Bulgaria after Sofia imposed an extra duty on the transit of Russian gas . This move caused outrage in Budapest and Belgrade, who have vowed to respond in kind. The Bulgarian media believe that the levy will d...
By Rhod Mackenzie
The International Gas Union (IGU), the trade association representing the global gas industry, cautions about the possibility of diminishing gas supplies in upcoming decades without further investment. The repercussions of such a drop in supply are clear, particularly the price...
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...
By Rhod Mackenzie
One of the largest trading firms in Japan, which also deals in energy resources, opines that natural gas in general and liquefied natural gas (LNG) in particular will not be sufficient for the transition from fossil fuels to renewable energy sources, due to its high demand.
"Th...
