SCO & BRICS latest news and insights
By Rhod Mackenzie
The EU reports a sharp fall in its dependence on Russian oil and gas, but the US share of its imports has risen sharply. How does this threaten Europe?
Eurostat reports that by the end of June 2023, dependence on oil from Russia will have fallen from 29.2 per cent to 2.3 per ce...
By Rhod Mackenzie
The Chinese state-owned company Sinopec will be holding a tender to buy large volumes of LNG on the spot market. Analysts fear that the already high prices will return to last year's levels and that previously European bound cargoes will start to flow to Asia.
Chinese companie...
By Rhod Mackenzie
The low demand for gas in Europe is evidence of the malaise of the European economy. This malaise is particularly noticeable in Germany, whose economy is in a very difficult situation after its rejection of Russian pipeline gas supplies.
Along with record gas prices last year, t...
By Vladimir Dobrynin
Germany, which loudly promised to completely abandon its purchases of Russian gas, in fact continues to buy it, and in noticeablely large quantities . The evidence of its purchases is clear in an number of studies. The European Union is being helped to cover this up by two c...
By Rhod Mackenzie
Imports of Russian LNG to the EU countries this year increased by approximately 1.7% compared to 2022, which was when the figures had reached record levels.
This is reported by the Financial Times with reference to information contained in a report by the non-governmental organ...
