Russia’s move to reshuffle ownership of the Sakhalin-2 natural gas project may constrict global markets even more by pushing Japan to compete with Europe for alternative sources of supply. President Vladimir Putin’s decree to transfer rights for the plant to a new Russian company has no immediate impact on the …
Read More »U.S., EU and Japan Eye Curbing Methane Emissions in Oil and Gas Sector
The United States, the European Union and countries such as Japan have agreed to enhance efforts to achieve a goal of reducing global methane emissions by at least 30% by 2030, targeting emissions in the oil and gas sector. Under the Global Methane Pledge Energy Pathway launched Friday, nations are …
Read More »Asia’s $350 Billion Gas Build-Out Stirs Energy Debate
Asia is pumping billions of dollars into new gas infrastructure, making the region pivotal in a debate over the role of the fossil fuel as the world aims to curb emissions. The region has more than $350 billion of projects underway to expand liquefied natural gas terminals, gas-burning power plants …
Read More »Japan Asked UAE to Help Stabilize Crude Oil Markets Amid Russia Turmoil
Japan asked the United Arab Emirates on Tuesday to make “proactive contributions” as a major oil producer to help stabilize surging crude oil prices triggered by Russia’s invasion of Ukraine, and the two agreed to work closely, Prime Minister Fumio Kishida has said. After a phone call with Crown Prince …
Read More »OPEC Agrees to Cut Oil Output from Jan. 1
The key uncertainty facing the oil market now is OPEC+ supply from April.
Read More »Reaping Wind at Sea could Become $1 Trillion Industry
Power generated from wind turbines at sea only accounts for 0.3% of global electricity generation today.
Read More »Japan Refiners Tap more Oil from Middle East to Replace Iran Supply
Iranian oil accounted for about five percent of Cosmo'.s total procurement.
Read More »OPEC Output Falls most in 2 Years as Saudi Cuts Begin
The Saudis curtailed production by 420.000 barrels a day to 10.65 million last month.
Read More »Mitsui. Saudi Aramco. RDIF to Buy Stakes in Arctic LNG 2
Japan is the world’s top LNG consumer. with Russia among its key LNG suppliers.
Read More »Tokyo protests Beijing’s New Activities in East China Sea Gas Field
Japan protested through diplomatic channels immediately after confirming China’s latest activities.
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