SCO & BRICS latest news and insights
By Rhod Mackenzie
European natural gas futures fell to €31.5/MWh on Friday 19 April 2024, after rising to €33.8. Investors are closely monitoring the situation in the Middle East. Iran does not seem to attach much importance to Israeli retaliatory attacks and the risks of an immediate response hav...
In February 2024, Gazprom became the largest supplier of pipeline gas to China, surpassing the long-time leader Turkmenistan for the first time. This was reported by the General Administration of Customs of the People's Republic of China.
At the same time, in terms of the amount of pipeline gas and...
By Rhod Mackenzie
The Ghost Of Nord Stream continues to haunt Europe. Russia has pivoted to Asia with its energy output,it has increased gas supplies to China through the Power of Siberia Pipeline and a second pipeline is planned,LNG supplies to Asia continue to increase and Europe is in a quandry...
On 26th March, Igor Krasnov, the Prosecutor General of the Russian Federation,gave an interview with the Kommersant newspaper wheren he stated that the Russian investigation into the acts of international terrorism in connection with blowing up of the Nord Stream branches is progressing.
Krasnov...
By Rhod Mackenzie
Following the collapse of Russian pipeline gas supplies to Europe due to sanctions and the explosion of the Nord Stream gas pipeline, they were replaced by liquefied natural gas (LNG). A fierce struggle unfolded for this and other strategic resources. The main competitors were th...
The estimated cost of repairing the Nord Stream gas pipeline, which was destroyed by explosions in 2022, could be between €1.2-1.35 billion. This preliminary estimate was made by Nord Stream AG, the operator of the Nord Stream project, and includes the cost of removing water from the pipes, stabilis...
