Mitsui and Mitsubishi intend to notify the Russian side about their desire to keep their stakes in the Sakhalin-2 oil and gas project under the new operator, Kyodo news agency said on Friday, citing sources.

Welcome to the last news digest of this week.

Europe is bracing itself for a difficult winter of possible energy rationing amid low and uncertain pipeline supply from Russia.

German factories are struggling to cope with soaring energy costs, which may prompt many to leave the country for a cheaper location, Bloomberg has reported, citing industry sources.

China’s crude oil and natural gas production rose to a record high between January and July this year, government data cited by Xinhua shows.

Croatia will invest 180 million euros to build a new gas pipeline and more than double capacity at its liquefied natural gas (LNG) terminal in a bid to secure gas supplies, the government said on Thursday (18 August).

…import liquid natural gas must now compete with European latecomers to the LNG market seeking an alternative to pipelined Russian gas. In early summer, Pakistan…

An oil-fired power plant in southern Sweden owned by German energy giant Uniper suffered a failure early on Thursday when a boiler tripped.

The new Russian operator for the Sakhalin 2 oil and gas project in the Russian Far East has offered Japanese power companies and other buyers the same prices, supply levels and other conditions as before, a source familiar with the deal said Wednesday.

Japanese companies purchasing energy resources as part of the Sakhalin 2 oil and gas project, will be able to keep terms of their contracts and volumes of supplies, Kyodo news agency reported on Wednesday citing sources in the industry.