The Leviathan reservoir began supplying Egypt shortly after production commenced in 2020, under an initial deal signed in 2019 for 4.7 bcm/year, which is expected to be fully delivered by the early 2030s.

Imports of goods from Russia in the first quarter of 2025 totaled 8.74 billion euros ($10.11 billion), down from 30.58 billion euros four years earlier. Since January 2022, the EU has imported 297 billion euros' worth of Russian goods.

Calculations based on data from European gas transmission group Entsog showed that Russian gas exports via the TurkStream pipeline rose to 51.5 million cubic metres (mcm) per day in July from 37.6 mcm per day in June.

The growing connection between LNG exports and electricity markets in the U.S. is happening because of two long-term trends.

While strengthening oversight over Russian gas imports, the Proposal’s transparency and traceability measures place a significant burden on importers and other stakeholders, while risking regulatory overreach – particularly if over-zealously implemented – thus potentially increasing costs and preventing legitimate gas imports from entering the EU.

Private companies import most of Europe's oil, while a mix of private and state-run companies import gas. The European Commission can aggregate demand for LNG to negotiate better terms, but cannot force companies to buy fuel. That is a commercial decision.

The communication is the latest move in Qatar's long-simmering frustration with the CSDDD. In December, al-Kaabi told a forum in Doha the legislation was "ridiculous" and threatened to pull LNG supply to the EU if it meant being subject to the law's penalties.

The German energy group Uniper and the Canadian gas producer Tourmaline have signed a long-term natural gas supply agreement for 6.6 bcm over 8 years starting in November 2028.

Global primary energy demand is set to rise from 308 million barrels of oil equivalent (mboe/d) in 2024 to 378 mboe/d in 2050.

Japanese oil refiner Taiyo Oil Co. is transporting Russian crude oil to Japan for the first time in two years—on the tanker Voyager, which is blacklisted by the EU and the US Treasury Department.