SCO & BRICS latest news and insights
By Rhod Mackenzie
Europe's commitment to weaning itself off Russian fossil fuels appears to be in name only. Imports of Russian LNG into the European Union have now reached record levels. Spain and Belgium have doubled their purchases.
According to the Centre for German Studies at the Russian I...
By Rhod Mackenzie
The Verona Eurasian Economic Forum was established in 2007 and had been held in Verona,Italy for 14 years, hence the name. However, in 2022, due to the European Union's sanctions against Russia, the organizers were compelled to urgently relocate the forum to the east.
This was a...
By Rhod Mackenzie
Russia is increasing the number of companies permitted to export its natural gas. Gazprom was the sole exporter for many years until Novatek was added due to its LNG from Yamal a decade ago. With the new law, another exporter of Russian gas is added and plus Novatek's capabilitie...
By Rhod Mackenzie
The decrease in pipeline supplies from Russia is compelling Europe to continually seek new gas sources amid long term global supply issues. The largest economy in the bloc, Germany, is looking to overcome the deficit by sourcing gas from Nigeria, which boasts the largest reserves...
By Rhod Mackenzie
The European Commission has stated that the European Union intends to limit the import of Russian gas to 40-45 billion cubic metres by the close of 2023. On November 2, Igor Yushkov, a leading analyst at the Russian National Energy Security Fund and lecturer at the Russian Financ...
By Rhod Mackenzie
Amidst the acrimonious standoff between Russia and the collective West, Gazprom lost the major portion of its European gas market, accounting for up to 40% of its revenue in times of peace. The challenge now is to ponder over two options: replace the lost Western exports with tho...
