SCO & BRICS latest news and insights
By Rhod Mackenzie
In February, Russian LNG exports increased by 2.8% compared to the same period last year, reaching 2.79 million tons, according to Kpler data. Despite ongoing discussions in Europe about limiting purchases of liquefied gas from Russia, supplies to EU countries remain stable. The...
Recently, Qatar's Energy Minister Saadi al-Kaabi spoke about new plans for the development of the gas sector. Doha plans to increase gas production by another 13%, which will allow Qatar to control a quarter of the world's liquefied natural gas (LNG) exports. Doha, of course, expects further signifi...
By Rhod Mackenzie
TotalEnergies Vice President for Asia, Thomas Morisse, predicts that demand for liquefied natural gas (LNG) will increase in 2024, driven by China and Europe.
Morisse stated at an energy conference, as reported by Reuters, that "(Demand for) LNG will continue to grow. Europe is...
By Rhod Mackenzie
The shift of Russian oil and petroleum product exports from Western sanctioned markets to Eastern and Southern markets is almost complete. However, replacing the European market for gas exports, whether pipeline or LNG, has proven to be a challenging task.
In the past two years,...
By Rhod Mackenzie
Gas prices in Europe have fallen to pre-crisis levels despite it still being the winter. However, this news is overshadowed by the fact that gas consumption in Europe has dropped to its lowest level since 1995. It is unlikely that Europe will ever return to its pre-crisis peak de...
By Rhod Mackenzie
Qatar plans to take advantage of the temporary suspension of liquefied natural gas (LNG) export licences by the United States in January 2024 and increase its own production and exports by a further 16 million tonnes a year by the end of the decade. According to Bloomberg, Qatar...
