SCO & BRICS latest news and insights
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...
By Rhod Mackenzie
According to Pavel Zavalny, Chairman of the State Duma Committee on Energy and President of the Russian Gas Society, the supply of Russian gas to the European market is contingent on the implementation of the Turkish gas hub. Without it, the EU's prospects for the supply Russian...
By Rhod Mackenzie
China increased the volume of oil and natural gas imports by 12.1% and 8.5% respectively in January-November 2023, according to data released on Thursday by the General Administration of Customs of the People's Republic of China.
During the reporting period, China imported 515...
By Rhod Mackenzie
"Europe's energy crisis is over," states a recent article published by British news agency Reuters. The article is supported by several graphs, conveying a sense of stability within the energy market. Analysts from the agency cite the decline in energy prices, particularly in gas...
