Russia has prioritised the development of LNG for export and the project may help the country reach its goal of producing 120 to 130 million tonnes of LNG a year in the next decade and raise its share in the global LNG market to up to 20% from around 6% in 2018, based on government data.

The bearish near-term outlook for the industry has forced many companies to reassess their forward expenditure. To date, more than US$85bn has been cut from over 100 companies across the industry.

"Investing in nuclear energy as a major part of a global low-carbon energy mix will protect the planet by cutting greenhouse gas emissions, make our energy systems more resilient and save lives by reducing air pollution," Rising said.

EBRD shareholders agreed to a comprehensive series of response and recovery measures that strengthen the Bank’s Solidarity Package , which was first unveiled on 13 March. The Bank now stands ready to provide support worth €21 billion over the 2020-21 period.

It is Shell’s first big investment decision since the coronavirus crisis and tensions between Saudi Arabia and Russia caused oil prices to crash below $30 per barrel. Natural gas prices are currently at historic lows.

leaders of the Group of Twenty (G20) major economies said they were spending over $5 trillion, equivalent to 7.4 percent of 2019 G20 countries’ gross domestic product (GDP),

Australian independent oil and gas producer Santos has signed a letter of intent (LoI) to sell a 12.5% stake in the Barossa gas field in northern Australia to JERA, the joint venture between Japanese power utilities TEPCO and Chubu Electric.

Shell Australia (Shell) has taken a final investment decision to develop the first phase of Arrow Energy’s Surat Gas Project in Queensland, Australia.

ADNOC has terminated $1.65 billion worth of contracts

The project was approved by a federal government order in 2018. Tvel said the synchrotron and related infrastructure are scheduled to be commissioned in 2024. Total investment in the project will be more than $580m.

The North American unit of French energy group Engie SA (EPA:ENGI) has secured up to USD 1.6 billion (EUR 1.46bn) in tax equity financing for its 2-GW portfolio of renewables assets in the US.

“Fusion energy technology holds great potential to be a safe, clean, reliable energy source, but research and development of fusion technology is often constrained by prohibitive costs,” said Under Secretary of Energy Mark W. Menezes.

"At the same time, the industry has announced and initiated a number of measures, and we can already see that this is affecting activity on the Norwegian shelf. Substantial cost cuts have been announced, reducing both exploration activity, investments and operating costs moving forward," says Director General Ingrid Sølvberg.

ExxonMobil capital investments for 2020 are now expected to be about $23 billion, down from the previously announced $33 billion.

Александр Новак подчеркнул, что Энергетическая стратегия является основополагающим документом в сфере энергетики, ее положения будут детализированы и конкретизированы в плане реализации на среднесрочный период, генеральных схемах развития отраслей ТЭК и в других документах стратегического и перспективного планирования в сфере энергетики.