SCO & BRICS latest news and insights
By Rhod Mackenzie
"The European press acknowledges the scarcity of Russian diesel fuel as one of the primary destabilising factors in the European economy. It's not just diesel that Europe lacks, but also liquefied natural gas, which is another crucial Russian resource that European rates of consu...
By Rhod Mackenzie
Russia's United Oil- and Gas-Chemical Co. (ONGK) and China's Xuan Yuan Industrial Development have agreed to jointly invest 5 billion yuan (£557 million) to construct a transshipment oil complex in the far east of Russia, according to the Roscongress fund.
The complex will enab...
By Rhod Mackenzie
The refusal of Russian gas by many European nations last year, coupled with the resulting energy crisis, compelled Europeans to seek out "blue fuel" from around the globe, despite its high transport costs or price. The augmented demand for gas not only rendered the European gas m...
By Rhod Mackenzie
Russian companies exported 3.27 billion cubic metres of gas to China in July 2023, which was a record figure in the entire history of trade between the two countries, according to data from the Chinese Customs Bureau.
This is the total volume of both pipeline and liquefied supp...
By Rhod Mackenzie
The Chinese Sinopec Corp has already purchaed more than 30 cargoes of liquefied natural gas (LNG) ahead of winter in a tender for deliveries from October 2023 to the end of 2024. The results of the tender exceeded the plans of the Chinese energy giant, which had originally plann...
By Rhod Mackenzie
China's resale to Europe of some of the liquefied natural gas (LNG) supplied by Gazprom's Portovaya liquefaction complex is quite possible if EU countries face a cold winter, Igbal Guliyev, deputy director of the International Institute of Energy Policy and Diplomacy at MGIMO, to...
