Coal currently makes up around 60% of the country’s energy mix versus about 5% from geothermal power, according to data from state utility company PT Perusahaan Listrik Negara (PLN).

Iberdrola will receive 1.63 billion pounds ($2 billion) for the 40% stake

Australia will give A$500 million ($339 million) to Pacific island nations for renewable energy projects and to help them prepare for the impact of climate change

Brent crude futures were down 20 cents or 0.3% from the previous settlement at $58.29, WTI futures were at $54.69 per barrel

«Учитывая растущий спрос на природный газ на индийском рынке и перспективы развития новых СПГ-проектов, взаимодействие между Группой «Газпром» и индийскими партнерами в области торговли СПГ приобретает стратегический характер. Компания «НОВАТЭК» заинтересована в привлечении индийских партнеров к проекту Арктик СПГ-2, а также заключении контрактов на поставку СПГ с завода Арктик СПГ-2», - подчеркнул заместитель Министра.

Russia’s Novatek is interested in supplying liquefied natural gas (LNG) from its Arctic LNG-2 project to Indian companies, Russian Deputy Energy Minister Anton Inyutsyn was quoted as saying by the ministry’s website on Monday.

"Russian imports are expected to rise month on month in August," it said. "A significant amount of ESP sales for August delivery for both northwest Europe and Central and Eastern Europe is expected to counteract the effect of reduced contractual nominations."

Saudi Arabia's officials unveiled plans to invest $100 billion in India, with the bulk of the funds going toward the infrastructure and energy sectors.

U.S. EIA - Crude oil production from the major US onshore regions is forecast to increase 85,000 b/d month-over-month in August from 8,683 to 8,768 thousand barrels/day, gas production to increase 729 million cubic feet/day from 80,866 to 81,595 million cubic feet/day .

Five countries bordering the energy-rich Caspian Sea met Monday at an economic forum hosted by Turkmenistan in a bid to agree on how to divide the region's oil wealth.