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Russia, US and Qatar to Lead Global Gas Market in 10 Years

MOSCOW – Russia, the United States and Qatar will lead the world gas market in 10 years, according to the American Center for Strategic and International Studies (CSIS). In 2018, the world’s leading exporters of gas were Russia, the US, Qatar, Norway, Australia and Canada, which accounted for about 60% of all global exports. It […]

EU approves sanctions against Turkey’s ILLEGAL gas exploration in Cyprus

BRUSSELS – The European Union foreign ministers approved on Monday the imposition of sanctions against Turkey after the country’s decision to continue exploration for hydrocarbons in Cyprus, local press reported. Turkish Yavuz and Fatih drilling vessels are currently anchored off the coast of Cyprus to drill for oil and gas. Both Cyprus and Greece see […]

Why Did Qatar Suddenly Leave OPEC After 57 Years?

DOHA, Qatar – On Monday, Qatari Energy Minister Saad bin Sherida al-Kaabi announced the sudden departure of Doha from the Organization of the Petroleum Exporting Countries (OPEC). This move will have serious consequences on the future of OPEC. “Qatar has decided to withdraw from OPEC as of January 1, 2019,” al-Kaabi told a news conference, […]

US-China Trade War Opens Window of Opportunity for Russia

MOSCOW, Russia – In his speech at the Russia Calling 2018 forum, Russian President Vladimir Putin made a historical statement: the US trade war with China not only harms the global economy, but also creates a “window of opportunity” for the development of Russia’s economy. Remembering the tariff war Following the imposition of US tariffs […]

Does the U.S Actually Buy Russian Gas Despite Their Own Sanctions?

Is the US buying Russian gas despite its own sanctions in place? What’s going on? Due to the cold climate in the northeastern US, liquefied natural gas was 40% more expensive last week, which makes its sale disadvantageous both for exports to Europe and Asia, and internally, according to expert Aleksandr Lesnykh. The forecast is […]