Cost could only be reduced by cost cutting or using more efficient technology.

The Russian Energy Minister noted that Moscow assumes ``the European partners are interested in the implementation of this project``.

As well as accelerating the transition to gas. Van Beurden has advocated a price on carbon and worked to promote hydrogen as a transport fuel.

natural gas. which the Trump administration has encouraged. China called Mr Trump'.s threat ".unacceptable". and said on Monday it is ready to participate in any Security Council discussions.

China had asked Russia about the possibility of shipping around 3.5 million tonnes of oil via the Russian Pacific port of Kozmino next year.

Russia proposed creating a platform to conduct research in the energy sector for BRICS member-states.

Under the terms of the agreement. the daily volume of extracted gas is set to reach four million cubic meters. The gas will then be delivered to a gas-to-liquid refinery at Mossel Bay.

China and Denmark also decided to co-build a test and demonstration center for offshore wind power in China.

Iran has conducted its enrichment activities in line with its long-term enrichment and R&.D enrichment plan.

Under the agreement OPEC is curbing its collective oil production by about 1.2 million bpd.