Santos Energy has announced the final investment decision on the Pikka oil project in Alaska, which the Australian company expects to produce 80,000 bpd beginning in 2026.

Russia’s natural gas production plunged by 18 percent in June compared to May, new data from the Joint Organisations Data Initiative (JODI) showed on Wednesday, cited by the International Energy Forum.

The level of gas reserves in European underground gas storage (UGS) facilities has surpassed 75%.

…Prices have increased even as Texas’s Freeport LNG export plant, one of the nation’s largest gas consumer, has been temporarily shut down after an explosion….

As the EU grapples with an energy crisis and seeks alternatives to Russian pipeline gas, the bloc plans to increase its financial support to a military mission in Mozambique – a gas-rich country in Africa plagued by Islamist attacks and insurgents in recent years that have delayed offshore gas projects.

Russia’s gas giant Gazprom said on Tuesday that its natural gas exports slumped by 36.2 percent to 78.5 billion cubic meters between January and the middle of August, as deliveries to Europe plummeted.

The German federal government has signed two memoranda of understanding with the country’s top gas utilities for the delivery of two floating LNG import terminals.

The crude oil export duty in Russia will be reduced by $1 to $52 per tonne from September 1, 2020, the Finance Ministry said on Monday.

The Arc7 ice-class LNG tanker “Vladimir Rusanov” owned by Russian independent gas producer Novatek, transited the ice-covered part of the Northern Sea Route in only six days, setting a new record for independent passage via the route without ice-breaking support with cargo on board, Novatek said in a press release.