SCO & BRICS latest news and insights
The European Commision President Usula Von De Leyen has urged the United States to explore potential avenues for relaxing sanctions against Russia's Gazprombank. Meanwhile, how much gas do Russia's primary competitors supply as a result of the ongoing market supply fluctuations?
Also we look at d...
A new report by the Gas Exporting Countries Forum (GECF) which acts as a sort of informal OPEC for natural gas indicates that global gas consumption in 2024 may grow by 2.3%. The exporters forum is made up by the major Gas exporters including Russia and Qatar but interestingly not the USA.
Now Over...
Europe has a robust supply of natural gas, with storage facilities nearing full capacity. However, experts have advised that this does not provide a guarantee against the potential for fuel shortages and price increases. The gas supplies on which Europe now depends are extremely unstable. The situat...
If you tell an oil industry professional that oil is running out, they are likely to either dismiss your assertion or cite statistical data indicating that oil production has been increasing since the 1970s, when the topic first gained prominence. However, if you pose the same question to an explora...
Gazprom has taken first place in the list of Russia's most unprofitable companies in the year of 2023. For 35 years, the company, which was a symbol of the money that Russia earned from its gas and only ever generated only profits for the state which is its majority shareholder.
However, this trend...
Today I want to talk about energy and the need for the BRICS to have a coordinated energy strategy given that a number of them are major producers and other members are large consumers.
It seems that the Russians also seem to think that a common energy strategy is a good idea.
The Russian Minis...
