SCO & BRICS latest news and insights
By Rhod Mackenzie
This year Russia will continue to redirect oil supplies to the Asia-Pacific region (APR), including China and India, said the Deputy Prime Minister Alexander Novak at the plenary session of the TNF Industrial and Energy Forum on 20 September.
According to him, last year Russia p...
By Rhod Mackenzie
The Chinese Sinopec Corp has already purchaed more than 30 cargoes of liquefied natural gas (LNG) ahead of winter in a tender for deliveries from October 2023 to the end of 2024. The results of the tender exceeded the plans of the Chinese energy giant, which had originally plann...
By Rhod Mackenzie
There are no problematic issues in the negotiation process on the gas hub project in Turkey with the Russian side, at this stage Ankara is only studying the market, the parties are aiming at active work, a source in the Turkish energy sector involved in the development of the pro...
By Rhod Mackenzie
The EU reports a sharp fall in its dependence on Russian oil and gas, but the US share of its imports has risen sharply. How does this threaten Europe?
Eurostat reports that by the end of June 2023, dependence on oil from Russia will have fallen from 29.2 per cent to 2.3 per ce...
By Rhod Mackenzie
The Chinese state-owned company Sinopec will be holding a tender to buy large volumes of LNG on the spot market. Analysts fear that the already high prices will return to last year's levels and that previously European bound cargoes will start to flow to Asia.
Chinese companie...
By Rhod Mackenzie
The low demand for gas in Europe is evidence of the malaise of the European economy. This malaise is particularly noticeable in Germany, whose economy is in a very difficult situation after its rejection of Russian pipeline gas supplies.
Along with record gas prices last year, t...
