JOGMEC's fulfillment of the loan guarantee, however, does not mean the end of JARC's participation with a 10% stake in the Arctic LNG 2 project, a JOGMEC official said Feb. 5, adding that the relevant Japanese parties will carefully respond while ascertaining sanctions developments.

Brent climbed 37 cents, or 0.5%, to $79.07 a barrel, WTI gained 30 cents, or 0.4%, to $74.12 a barrel.

Australia is a sunny country with excellent renewable energy resources. However it is not rolling out clean energy projects rapidly enough to reach the Australian government’s target of 82% renewable electricity by 2030.

Brent rose 29 cents, or 0.4%, to $83.84 a barrel, WTI gained 34 cents, or 0.4%, to $78.35 a barrel.

Russian gas continues to flow to the European Union through Ukraine under the current deal. Some nations still rely on this fuel, while most of northwest Europe has replaced flows from Moscow with cargoes of liquefied natural gas.

According to World Nuclear Association information, Russia produced 2508 tU in 2022, making it the sixth largest producer of uranium in the world, while Russian reactor requirements for 2023 were estimated at 6284 tU.

Divided into four operational areas—NAIRR Open, NAIRR Secure, NAIRR Software, and NAIRR Classroom—the NAIRR pilot is bringing private sector, non-profit and philanthropic organizations, industry partners, and nine Federal agencies together to provide access to advanced computing, datasets, models, software, training, and user support to U.S. based researchers and educators.

Brent dipped 14 cents, or 0.1%, to $79.41 a barrel, WTI ticked down 11 cents, or 0.2%, to $74.26 a barrel.

Naphtha and fuel oil are loaded onto Clearocean Apollon Clyde Noble tankers at the nearby Ust-Luga Oil terminal.

The Sakhalin-2 LNG export plant is the closest to North Asia, home to the world’s top buyers. The facility supplied nearly 10% of Japan’s LNG needs last year, and hasn’t been targeted by Western sanctions due in part to the need to ensure energy security.