SCO & BRICS latest news and insights
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...
By Ksenia Loginova
Baku has increased gas supplies to Hungary. By the end of the year, it is planned to pump 100 million cubic meters of blue fuel into the European country. In addition, Budapest wants to purchase 50 million cubic meters of gas for gas storage facilities. Against the backdrop of a...
By Vladimir Dobrynin
Germany, which loudly promised to completely abandon its purchases of Russian gas, in fact continues to buy it, and in noticeablely large quantities . The evidence of its purchases is clear in an number of studies. The European Union is being helped to cover this up by two c...
By Anna Koroleva
The imports of nitrogen fertilizers to Germany from Russia over the past summer increased by a gigantic 334%, reaching about 167 thousand tons. And for the entire year before that, from July 2022 to June 2023, it amounted to only 38.5 thousand tons. These figures were reported by...
