SCO & BRICS latest news and insights
By Rhod Mackenzie
China is forecasting record high imports of liquefied natural gas (LNG) this year. The largest energy company in the Middle Kingdom, PetroChina, believes that this year the record, which was set in 2021 and amounts to 78.8 million tons, will fall. In 2022, due to the conflict in...
A recent article in the The Financial Times article begins with the words,
"Europe, like a sleepwalker, is increasingly plunging into almost total dependence on Russian fertilizers, as it previously was with natural gas."
The article is based on an interview with the executive director of one of...
By Rhod Mackenzie
A ban on transshipment of Russian LNG in European ports will result in a surge in imports of liquefied gas from Russia to the EU, according to industry analysts. Since cargoes to Asia are contracted by major European and Chinese companies, they will be exchanged for those destin...
In 2023 the Russian budget received nearly one trillion rubles more ( $10.5 billion )from the increase of non-resource and non-energy exports. This is an impressive 85% surge and it has given a strong financial boost to the country. What products fall under this export classification, what are the...
The American press leveled familiar accusations - only this time against another gas supplier to Europe. Norway was attacked for taking Gazprom's "gas crown" - and immediately becoming the most "monopolistic" gas supplier. What exactly was Norway guilty of, according to the US?
The American publica...
NOVATEK has once again revised the composition of key equipment for the power supply of the Arctic LNG-2 plant under construction. Instead of procuring machines from the Chinese Harbin Guanghan Gas Turbine, which may not meet the deadline, the company has ordered three GTE-170 units from Power Machi...
