Kirill Babayev, director of the Russian Academy of Sciences' Institute of China and Contemporary Asia, stated that unresolved tensions between the US, Israel, and Iran will continue to create uncertainty in global energy markets. He believes Russia can serve as a reliable energy supplier for ASEAN countries.
The US Department of Justice has intervened in a lawsuit against Elon Musk's xAI, siding with the company over its use of natural gas turbines at a Mississippi data center. The DOJ argues that shutting down the turbines could harm national security and military operations that rely on xAI's AI models.
Natural gas prices are recovering due to lower stored gas, increased power sector use, and rising US LNG exports. Future growth is anticipated with new export facilities and growing demand from data centers, signaling a significant market shift.
The Trump administration is intervening in a civil rights lawsuit against Elon Musk's xAI, arguing its Mississippi AI data center is critical for the economy and military. The NAACP alleges xAI illegally operates power turbines without permits, posing health risks and violating the Clean Air Act.
China's crude oil production rose 1.1% to 91.31 mln metric tons in January-May 2026. However, crude oil processing volumes in May fell 9.1% year-on-year. Natural gas production increased 1.7% in the same period, while coal output declined.
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.
EU imports of Russian LNG rose 17.9% between Jan-May 2026 compared to 2025, with 96.7% of Yamal LNG exports going to EU ports. This occurs despite EU bans on short-term contracts and upcoming long-term contract bans, highlighting a missed opportunity to fully pressure Russia's war economy.
Iran has announced the complete closure of the Strait of Hormuz to all oil tankers and commercial ships in response to recent US strikes. The move, which threatens global energy supplies, escalates tensions between the two nations and jeopardizes ongoing peace negotiations.
SpaceX alumni Sara Spangelo and Ben Longmier have launched Ambrosia Energy, aiming to build solar and battery power plants faster and cheaper than natural gas alternatives. Their goal is to offer power at $100 per megawatt-hour and achieve gigawatt scale by the end of the decade.
China prioritizes energy security through strategic diversification into renewables, becoming a global leader in solar, wind, and electric vehicle tech, contrasting with the US's reliance on fossil fuels as the world's top oil producer and net exporter.
Russian President Vladimir Putin has authorized Nordline LLC, a subsidiary of Novatek, to acquire a 10% stake in the Arctic LNG 2 project from France's TotalEnergies. The decree was posted on the legal information portal.
Japanese lawmaker Mitsuhiro Yokota voiced concerns in parliament about potential future exploitation of Antarctica's vast mineral and energy resources, specifically mentioning China's interest and its resource acquisition ambitions.
EPDK has revised retail sales tariffs for four natural gas distribution companies, postponed the particulate matter standard for diesel fuel to June 1, 2027, and introduced a new tariff for unlicensed electricity production facilities.
EPDK has revised retail sales tariffs for four natural gas distribution companies for the third tariff application period (2022-2026). Additionally, the effective date for a diesel fuel standard was postponed to June 2027, and a new tariff for unlicensed electricity production facilities was established.
EPDK has revised retail sales tariffs for four natural gas distribution companies for the 2022-2026 period. Changes were also made to diesel fuel standards, setting a new effective date for particle count regulations to June 1, 2027. Additionally, a new tariff for unlicensed electricity production facilities was established.
EPDK has revised retail sales tariffs for natural gas distribution companies for the 2022-2026 period. It also adjusted the diesel fuel standard, postponing the enforcement of a particulate matter requirement to June 2027, and set a new distribution tariff for unlicensed electricity producers.
Turkey's Energy Minister Alparslan Bayraktar announced that BOTAŞ and Italian energy company Edison S.p.A. signed a Memorandum of Understanding (MoU) to explore cooperation in natural gas and LNG. The agreement includes potential pipeline connections between Turkey and Italy.
Russian President Vladimir Putin met Chinese leader Xi Jinping in Beijing to discuss the Power of Siberia 2 gas pipeline. Pricing, financing, and delivery timelines remain unresolved for the 2,600km pipeline, which would carry 50 billion cubic meters of gas annually. The Iran war's disruption of energy supplies adds urgency, but analysts are skeptical it will alter China's negotiating stance.
Russian President Vladimir Putin met Chinese leader Xi Jinping in Beijing to discuss the Power of Siberia 2 gas pipeline. The project, crucial for Russia amid declining European exports and for China amidst energy supply disruptions from the Iran war, faces unresolved pricing and financing issues.
India's ambitious piped natural gas (PNG) expansion is hindered by a severe shortage of trained manpower, particularly certified gas plumbers, and weak consumer uptake. CGD companies are adding only 8,000-10,000 connections daily, far below the target of 100,000. Rental housing issues and scattered demand also slow the rollout.
The EU's imports of Russian LNG surged 16% year-over-year in Q1, despite plans to phase out Russian fossil fuels by 2027, due to the energy crisis exacerbated by the US-Israeli war on Iran and global LNG market disruptions.
xAI expands Southaven, MS site with 19 more unpermitted gas turbines, totaling 46, despite lawsuit over air permit violations and community health concerns.
The Russian foreign minister said the idea behind those methods is to make everybody buy expensive oil and liquified natural gas from the United States
The Indian government has rationalised royalty rates and methodologies for crude oil, natural gas, and casing head condensate to simplify regulations and boost the upstream energy sector. This move aims to bring greater clarity, consistency, and predictability to the oil and gas regime, encouraging fresh investments in exploration and production activities.
