Commercial LPG cylinder prices have been reduced by Rs 202 in Delhi (to Rs 2,728) and Rs 209 in Kolkata (to Rs 2,872.50) for 19-kg cylinders, effective August 1, providing relief to LPG-dependent businesses like restaurants and hotels.
China's significant role in global maritime finance and shipping has led to a carve-out in certain regulations, demonstrating Beijing's economic leverage. An EU official detailed how Chinese financial arrangements and shareholding in vessel companies create a risk of asset loss for borrowers.
Abu Dhabi's National Oil Company (ADNOC) will invest $6.2 billion to develop the offshore Umm Shaif Gas Cap, aiming to expand natural gas production and LNG exports. This project, expected to begin production by 2030, is crucial for strengthening UAE's energy security and global market position amidst Middle East disruptions.
Papua New Guinea has closed Taiwan's economic office, a move swiftly welcomed by China as adherence to the one-China principle. Taiwan criticized the decision, stating it was not consulted and is reviewing bilateral economic ties, including LNG imports, while negotiating to keep its office open.
Experts and environmental groups criticize the UK's carbon capture and storage (CCS) plans, arguing they are costly, ineffective against methane emissions, and primarily support new fossil fuel infrastructure rather than hard-to-abate industries.
A Japanese fisherman, Nakamura, must release prized bluefin tuna due to annual catch quotas, impacting his income and highlighting climate change effects on marine life. His hometown's fishing industry also suffers from a decline in squid populations.
Oil prices jumped nearly 3% after the US launched military strikes against Iran in response to attacks on commercial vessels in the Strait of Hormuz. Fears of escalating conflict threaten a critical oil transit route.
A third commercial tanker was struck in the Strait of Hormuz within 24 hours, escalating regional tensions. Qatar directly blamed Iran for an attack on its LNG vessel, calling it an "unacceptable" assault on maritime navigation. The incidents raise concerns over global energy security.
India is planning to build emergency liquefied natural gas (LNG) reserves by requiring terminal operators to expand storage capacity. This move aims to mitigate supply disruption risks, highlighted by the Iran conflict's impact on Strait of Hormuz shipments. The government is exploring cost recovery mechanisms for operators through higher regasification charges.
Dior's Jonathan Anderson presented his haute couture collection, inspired by sculptor Lynda Benglis, at the Rodin Museum in Paris. The designer notably refused to comment on Taylor Swift's wedding dress, which he designed, while his collection featured liquefied silhouettes and artistic expressions, including a veiled pearl column wedding dress.
India is accelerating domestic oil and gas exploration following disruptions in the Strait of Hormuz. The country plans to bid out 250,000 sq km of unexplored areas to bolster its modest global production.
India and Japan are set to sign an agreement to enhance LNG supply security and strengthen economic ties during PM Modi and PM Takaichi's summit in India. Discussions will cover critical minerals, AI, semiconductors, and regional geopolitics, with Japan planning significant investments.
QatarEnergy has extended a force majeure notice, withholding four additional LNG cargoes for Italy's Adriatic LNG terminal until early September. This brings the total affected cargoes to 21, impacting approximately 2.7 billion cubic meters of natural gas.
Qatar anticipates restoring normal LNG production within weeks as US-Iran peace negotiations show progress, aiming to reopen the Strait of Hormuz and ease global gas market pressures.
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.
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.
Jiangnan Shipyard reveals a floating green marine hub concept powered by a molten salt nuclear reactor, integrating shipping, energy production, and green fuel synthesis, showcased at Posidonia International Shipping Exhibition.
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.
A woman and her dog narrowly escaped a quicksand patch on Glenelg North beach in South Australia, prompting council warnings. Another woman required rescue by emergency services. Experts explain the phenomenon and its dangers, particularly with incoming tides.
Grandmaster Hans Niemann secured his most significant career win at the Warsaw Rapid & Blitz, taking home $50,000. The victory comes amidst the lingering controversy from his 2022 match against Magnus Carlsen.
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.
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Decades of complacency cannot be magicked away by drilling in the North Sea – or even by hoping that renewables will quickly power everythingEwan Gibbs is a historian of energy at the University of GlasgowFirst it was Russia’s full-scale invasion of Ukraine, now it is the blockade of the world’s petroleum artery in the Gulf. For the second time in four years, Britain is facing an energy crisis that has been made much worse because of the absence of preparation by its political leaders.The fact is that our energy politics were conceived for a world where convulsive, global events were a thing of the past. The notion that it would be difficult to access supplies of oil or liquefied natural gas from the international markets did not figure in the understanding of the politicians and officials who shaped our perilous current moment. But even today, the advocates of energy sovereignty on the left and right appear to lack knowledge, understanding or power over this very foundational matter.Ewan Gibbs is a historian of energy, industry, work and protest at the University of Glasgow. He is the author of Coal Country: The Meaning and Memory of Deindustrialization in Postwar Scotland Continue reading...
