Gazprom set a new daily record of gas supplies to China via the Power of Siberia gas pipeline on September 10.

The obvious decision to launch Nord Stream 2 is met with resistance from European politicians, launching the project could solve Europe’s gas problems, Deputy Chairman of Gazprom Management Committee Oleg Aksyutin said at the St. Petersburg International Gas Forum.

Gazprom expects further deterioration of the situation in the European energy sector, as the EU has no alternative to Russian gas, Deputy Chairman of Gazprom Management Committee Oleg Aksyutin said at the St. Petersburg International Gas Forum.

Gazprom does not expect a significant increase in LNG supply in the world until 2025, the United States will be able to increase the volume only in the long term, Deputy Chairman of Gazprom Management Committee Oleg Aksyutin said at the St. Petersburg International Gas Forum.

Export duty on oil in Russia will decrease by $7.6 from October 1, 2022, and amount to $44.4 per tonne, the Ministry of Finance said in a statement.

British energy giant Shell announced Thursday that CEO Ben van Beurden will step down at the end of 2022 and that his successor will be the company’s renewables director.

Senior ministers have outlined their priorities to control energy prices over 2023.

Japan posted a record trade deficit in August as costs for imports of oil and gas soared, the government reported Thursday.

Japan’s trade with Russia increased by 31 percent in August as compared with the same period last year largely due to the growth of global prices on fuels.

The spirits giant also is committed to planting 500,000 trees annually by 2030.