Japan imported approximately 364,000 barrels of Russian oil in May, primarily linked to gas supply contracts under the Sakhalin-2 project. These purchases are exempt from G7 sanctions and price caps, with oil costing around $103 per barrel. This comes amid Middle Eastern supply disruptions.
Shipowners will not resume transit through the Strait of Hormuz for weeks until a US-Iran deal is "material" and evident in real-world conditions, according to Mitsui O.S.K. Lines CEO Jotaro Tamura. The conflict, which began Feb 28 with US-Israeli strikes, had largely halted shipping through the vital route.
India anticipates safe passage for 34 stranded ships in the Persian Gulf following the successful transit of LNG carrier Disha through the Strait of Hormuz. While 16 ships carrying fertilizers are expected to reach Indian ports, immediate relief from improved energy supplies is uncertain due to damage at Qatar's Ras Laffan and UAE's Habshan facilities.
India anticipates safe passage for 34 stranded ships in the Persian Gulf after the LNG carrier Disha successfully navigated the Strait of Hormuz. The transit raises hopes for improved energy and fertilizer supplies, despite facility damage in Qatar and UAE.
Gas supply has been partially restored to residents in Görlitz following the collapse of a residential building. Investigations into the cause, suspected to be a gas explosion, are ongoing, halting further work in some areas.
South Australia's energy minister claims gas reserves in the Otway Basin could supply the state for a decade. However, an analyst questions companies' financial incentives to explore due to falling demand and high costs, while locals fear environmental risks.
Russia will decide on gas supplies to Europe based on its own interests, stated Dmitry Birichevsky, Director of the Economic Cooperation Department of the Russian Foreign Ministry. He noted that some European countries publicly refuse Russian fuel but continue to try to buy it, and such decisions will be made individually.
The South Australian government is planning to lift a ban on fracking in the state's South East amid reports of increasing risks to gas supply in southern parts of the nation.
Nenad Popovic stressed that energy cooperation with Russia remains a key factor in the stability of the Serbian economy
The average air temperature in the coverage area of the Unified Gas Supply System from May 1 to 3 was below the climatic norm
The pipeline will become a connector between the Power of Siberia and the Sakhalin - Khabarovsk - Vladivostok pipelines
USTDA concluded a technical delegation visit to Baku advancing the Trump Route for International Peace and Prosperity corridor, a 42km rail-road link through Armenian territory connecting Central Asia to Europe. The visit supports the US-Azerbaijan Charter on Strategic Partnership signed in February. USTDA is exploring projects across LNG, nuclear energy, electricity transmission, AI infrastructure and cybersecurity. Azerbaijan's position as a key energy partner for Europe, with exports to nearly 30 countries and 16 for gas including 10 EU states, makes it central to Washington's strategy of reshaping East-West logistics flows.
Europe's collective purchasing power could help shore up gas supply — but critics say it will make little difference.
The country is rapidly moving to restart reactors as artificial intelligence increases electricity demand and foreign wars choke gas supplies.
President Trump has announced a US Navy blockade of the Strait of Hormuz, citing 'world extortion' by Iran. The move has triggered international opposition, confusion regarding military implementation, and a sharp rise in global oil prices.
