SCO & BRICS latest news and insights
By Rhod Mackenzie
European and American energy officials have differing views on the implications of the Biden administration's recent halt to liquefied natural gas (LNG) export permits for Europe's energy security. American LNG became Europe's main replacement after it abandoned Russian pipeline...
By Rhod Mackenzie
Despite mild weather and increased wind generation in Europe, gas prices did not decrease further in the region. On Friday, February 2, exchange prices for gas in Europe increased by 1.5% to $329 per thousand cubic meters, according to data from the London ICE exchange.
Accordin...
By Rhod Mackenzie
President Biden's decision to suspend the issuance of new LNG export licenses caused controversy in the United States. Republicans argue that the White House's move weakens not only America and Europe but also plays into the hands of Moscow. However, it is unclear whether these o...
By Rhod Mackenzie
Throughout 2023, the West has been debating the possibility of abandoning liquefied natural gas (LNG) from Russia. The United States aims to 'strangle' the Arctic LNG 2 plant, a key Russian LNG project. However, Europe ultimately recognized the impossibility of the abandoning of...
By Rhod Mackenzie
Russia's NovaTEK, which is leading the Arctic LNG-2 project, has sent force majeure notices to a number of customers, this is preventing it from starting deliveries on time early next year. It is known that China's Shenergy Group and Zheijang Energy, as well as Spain's Repsol, ha...
By Rhod Mackenzie
Equinor, the Norwegian energy company formerly known as Statoil, has signed a 10-year contract with German state energy company SEFE. The contract requires Equinor to supply 111 TWh (10 billion cubic meters) of natural gas annually from January 1, 2024 until 2034 at a fixed price...
