SCO & BRICS latest news and insights
The European Commission aims to decrease its purchases of liquefied natural gas ( LNG from Russia starting this year. This is despite the fact that Russia is currently the second largest supplier of LNG to the continent, after the United States. However, finding a replacement for Russian volumes rem...
By Rhod Mackenzie
Following the collapse of Russian pipeline gas supplies to Europe due to sanctions and the explosion of the Nord Stream gas pipeline, they were replaced by liquefied natural gas (LNG). A fierce struggle unfolded for this and other strategic resources. The main competitors were th...
By Rhod Mackenzie
The termination of gas transit through Ukraine will formalise the end of Russian-European gas relations. The current transit agreement, which was agreed in 2019 following the resolution of the debt dispute between Gazprom and Naftogaz of Ukraine, will expire after 2024. The autho...
The Russian President Vladimir Putin said on 12th March that humanity will continue to consume hydrocarbons for a long time to come, so Russian oil workers will have enough work for another "100 years". On that day, the head of state held a meeting in the Kremlin with participants in the "Leader of...
By Rhod Mackenzie
Germany is facing the exodus of German companies to the United States and China amid rising gas prices in Europe, the Bundestag's budget committee told Izvestia. MP Wolfgang Wiele stresses that the chemical industry has suffered the most: in two years, Germany has lost about a qu...
By Rhod Mackenzie
Last year, Russia earned nearly $187 billion from supplying oil, gas, and coal to several friendly countries. This amount is $56 billion more than the average level of supplies to European countries before they imposed anti-Russian sanctions. RIA Novosti calculations were used to...
