SCO & BRICS latest news and insights
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...
By Rhod Mackenzie
Sakhalin Energy, which manages the Sakhalin-2 LNG project, is offering Chinese buyers 12 LNG cargoes per year for a period of 3-5 years, writes Platts. This amounts to around 1 million tonnes of LNG, which is comparable to the volume of Shell's offtake contract, which has now bee...
By Rhod Mackenzie
According to Vladimir Nezhdanov, an analyst at the Institute of Current International Problems (IAMP) of the Diplomatic Academy of the Russian Foreign Ministry, trade turnover between Russia and China could reach a record level of over $250 billion by the end of 2024.
The leade...
By Rhod Mackenzie
While many countries are moving away from using coal to consign its use to history, China continues to increase its consumption. This commitment to coal seems to contradict China's impressive successes in green technologies and poses a threat to global efforts to combat climate ch...
