Japanese trading houses Mitsui & Co and Mitsubishi Corp plan to retain their interests in the Sakhalin 2 oil and gas project and will notify Russia by the end of the month, Mitsubishi and sources familiar with the matter said Thursday.
The price of gas in Europe exceeded $3,300 per 1,000 cubic meters for the first time since March 7.
These greenfield investments are 200 times the amount in 2020, when just US$2bn was invested in LNG developments due to the pandemic.
Indian Oil Corporation, the largest refiner in India, plans to invest $25 billion to achieve net-zero emissions from operations by 2046, its chairman told shareholders at the annual general meeting on Thursday.
The task is stipulated by the Maritime doctrine and is fulfilled by design bureaus and the United Shipbuilding Corporation (USC).
As Europe struggles to ease off its fossil fuel addiction, made more urgent by the need to cut Russian energy dependence, questions on the practical application of hydrogen’s green potential take centre stage.
Czechia, which holds the European Union’s rotating presidency, is considering whether to call an emergency energy summit for the bloc to tackle soaring energy prices, including discussing price caps, a government minister said on Wednesday (24 August).
LNG prices in Asia keep rising following prices in Europe after Gazprom announced the suspension of supplies via Nord Stream from August 31 to September 2, as well as amid a delay in the launch of partial operation of the Freeport LNG plant in Texas after repairs.
Nominations for transit of Russian gas through Ukraine for August 25 via the gas distribution station Sokhranovka are absent, whereas nominations for transit via the Sudzha station roughly stand at around 42.2 mln cubic meters.
Japan’s Mitsubishi has decided to keep its share in the Sakhalin-2 oil and gas project and will notify the Russian operator about it by the end of the month, the Nikkei newspaper said on Thursday, citing its sources.