EU

US’s Russian oil price ceiling failed so it continues to double down

By Rhod Mackenzie The implementation of a price ceiling on Russian oil has been seriously unsuccessful, a fact that has already been acknowledged in Europe.  Nevertheless, Washington still refuses to accept this outcome and now, nearly a year later, has levied sanctions on two shipping companies. Additionally, they have declared their intention to ensure adherence […]

Global shortage of natural gas in the future as lack of investment will hit production going forward

By Rhod Mackenzie The International Gas Union (IGU), the trade association representing the global gas industry, cautions about the possibility of diminishing gas supplies in upcoming decades without further investment. The repercussions of such a drop in supply are clear, particularly the price shocks that have affected the planet and particularly Europe for the past […]

Hungary’s Orban meets Putin in China and thanks Russia for energy supplies

By Rhod Mackenzie Hungary is doing all it can to maintain its economic relations with Russia. This stated by the Hungarian Prime Minister Viktor Orban. Hungary today is an island of pragmatism in Europe, which makes a rather unusual exception. Why are contacts with Moscow so important for this European country, and what unique relationship […]

Baltic gas pipeline damaged who benefits and who is blamed?

By Rhod Mackenzie Russia is concerned about the reports of damage to the gas pipeline between Finland and Estonia, especially given the terrorist attacks previously against the Nord Stream pipelines. The Finnish authorities have not ruled out the possibility of sabotage, while some in the West speculate this could be retaliation by Russia. The question […]

The end of the Dutch gas era as the Groningen field closes

By Rhod Mackenzie On 1st October, the Netherlands will finally close its primary gas field located near the northern city of Groningen. This gas field, was the largest source of hydrocarbons in continental Western Europe. It helped in the swift development of post-war Netherlands, but at the same time caused the infamous “Dutch disease” in […]