European Union countries are struggling to agree their negotiating position for the COP26 climate change conference, with rifts emerging over timeframes for emissions-cutting pledges, according to officials and documents seen by Reuters. The EU is drafting its position ahead of the November COP26 talks, where countries will attempt to finish …

The hopes of European countries that LNG supplies from the United States will be stable, have not been fulfilled for second consecutive year due to an attractive price on the Asian market for the American LNG, the department head of Gazprom Export, the export arm of Russia’s top gas producer …

Additional investments in development of the Northern Sea Route in 2022 are planned at 4 billion rubles ($55 million). The money will be used for construction of the Utrenniy LNG terminal at the Arctic port Sabetta, reads a memorandum on Russia’s draft budget for 2022-2024. TASS has a copy of …

The United Arab Emirates is seeking to more than double non-oil trade with India to as much as $100 billion over five years as part of efforts to deepen ties with fast-growing economies beyond the Middle East. The two governments have started talks on an economic pact aimed at boosting …

Iranian Oil Minister Javad Oji has said his ministry is making necessary arrangements and planning for attracting $125 billion of foreign and domestic investment in the country’s oil industry within the next four to eight years, Shana reported. Making the remarks in a meeting with the Head of China Petrochemical …

Russia fulfills all of its obligations towards gas consumers in the European Union and it is impossible to increase gas transit before gas is sold under a contract, Kremlin spokesman Dmitry Peskov said on Wednesday. Peskov commented on the statement Amos Hochstein, US State Department’s Senior Advisor for Energy Security …

Iraq warned that oil demand will probably rise as the supply crunch in natural-gas markets forces consumers to look for alternative fuels, echoing the views of fellow OPEC member Nigeria. “There is some new concern,” Iraqi Oil Minister Ihsan Abdul Jabbar said in an interview. Iraq is ready to pump …

Ankara is discussing new contracts for gas supplies with a number of countries, including Russia, Turkish Deputy Energy Minister revealed on Tuesday. “This year will be very difficult for all of us. But we are on good terms with our current suppliers, such as Azerbaijan and Russia. We are discussing …

Russian gas giant Gazprom has turned down an option to maximize gas shipments to Europe as the continent faces a looming energy crisis amid surging natural gas prices. Gazprom did not book any of the additional capacity available in transit pipelines running through Ukraine in auctions for October, the state-run …

OPEC+, the exporters’ group making corrections in the supply of crude oil, will stick to its plan to incrementally bring 2 million barrels per day back to the markets by the end of the year, the UAE’s energy minister has said. “I think that if things move as they are, …