SCO & BRICS latest news and insights
The price of liquefied natural gas (LNG) on European and American exchanges has reached its lowest level in months. The causes of the price decline are distinct. In Europe, the primary factor is industrial stagnation, which has led to a reduction in fuel consumption. In the United States, the market...
By Rhod Mackenzie
The Russian LNG sector has been under restrictions for 10 years now, and the situation is only getting more dramatic. Lets assess the successes of Russian companies in overcoming Western sanctions and what are the key tasks identified without which the development of the industr...
In a new development, the European Union has taken the step of imposing sanctions on Russian gas. However, the EU has not yet taken the more severe action of banning Russian liquefied natural gas (LNG). Instead, the EU has introduced a separate measure allowing the purchase of Russian LNG. What has...
In April 2024, China imported a total of 14.737 billion cubic metres (in the form of liquefied natural gas and through pipelines). This represents a 6.5% increase compared to the previous year, according to a report from the General Administration of Customs of the People’s Republic of China. This r...
British billionaire Jim Ratcliffe, founder and head of the petrochemical giant Ineos Group, has stated that the high cost of electricity and carbon have undermined the competitiveness of the European petrochemical industry, sending it into a state of decline.
In an interview with Bloomberg TV, Mr R...
By Rhod Mackenzie
Some European countries are calling for a complete refusal of Russian energy resources, while others are increasing their purchases. Which countries are we referring to? How can this apparent contradiction be explained? And what other resources from Russia does Europe suddenly re...
