Despite sanctions, Russia has surpassed the US as Europe’s primary gas supplier, according to recent data. Efforts to reduce reliance on Russian gas have faltered, raising concerns over geopolitical implications and energy security. The recent sabotage of the Nord Stream pipeline only seems to validate this particular “conspiracy theory.” Some
According to a filing with the Hong Kong Stock Exchange by China’s Sinopec, they will build gas pipelines for Saudi Aramco in a $1-billion deal. Sinopec, a Chinese energy behemoth, announced on Thursday that it has reached an agreement worth $1.3 billion with Saudi Aramco to acquire and construct pipes
Italy defies NATO escalation as a European court ruling threatens to cut off Russian gas sooner than expected, affecting Austria’s OMV and potentially devastating Italy’s industrial sector. In a roundabout sense, all pipeline supplies of Russian gas to Austria and consequently Italy could soon come to an end due to