GAZPROM, KOGAS expressed interest in further expanding their cooperation in the area of LNG and continuing their sci-tech collaboration.

GAZPROM, MITSUI discussed issues related to their cooperation, expressing appreciation for the Sakhalin II project, which turned 25 years old this year.

Saudi Aramco, the world’s most profitable company, is trying to break into the fledgling market for liquefied natural gas trading. To do so, the state-owned company is tapping its decades-old network of oil-trading contacts, selling its first two cargoes to longstanding crude customers in South Korea and India.

Brent was up 17 cents at $60.87 a barrel, U.S. West Texas Intermediate (WTI) crude rose 1 cent to $56.27.

“Мы считаем, что к 2024 году за счет применения стимулирующих мер можно увеличить объем инвестиций в ТЭК на 40% и довести до почти 7 трлн рублей”, - сказал Александр Новак.

Глава Минэнерго России особо отметил состоявшееся на “полях” ВЭФ принятие окончательного инвестиционного решения по проекту “Арктик СПГ 2”.

Владимир Путин отметил, что взаимодействие в энергетике - стратегическая сфера российско-индийского сотрудничества.

Arctic LNG-2 is expected to launch in 2023 and will aim to export 80 percent of its LNG to Asia, Novatek Chief Executive Leonid Mikhelson, Russia’s richest businessman according to Forbes magazine, said after the project’s partners signed a final investment decision (FID) at an economic forum.

The share of nuclear power generation in China has picked up over the last three years, and nuclear power growth will displace thermal coal in China by 22 million mt in 2019, Citi analysts said in a note Thursday.

President Hassan Rouhani has stressed Iran's determination to take the third step towards reducing Iran’s obligations to the Joint Comprehensive of Plan of Action(JCPOA)

“Iran has repeatedly stated that it will resume full implementation of its commitments to the JCPOA only when it can freely sell its oil and fully access its oil revenues. France’s initiative is exactly about this issue,” Araghchi said.

The US has said it intend to bring Iran's oil exports down to zero. In July Iranian crude and condensates exports totaled around 450,000 b/d, which was less than half of the May export figure of 910,000 b/d,

Brian Hook, the U.S. special envoy for Iran, said Wednesday that the U.S. will “continue to drive up the costs” for Tehran’s efforts to develop ballistic missiles and take other actions soon after the Treasury Department imposed new restrictions on a shipping network controlled by Iran’s Islamic Revolutionary Guard Corps.

Brent was up $1.55, or 2.66%, at $59.81 a barrel, West Texas Intermediate futures CLc1 gained $1.56, or 2.66%, to $55.50 a barrel.

Russia's exports of medium sweet ESPO Blend crude oil are expected to total 3.12 million mt in October, up 30% from September, according to the latest monthly loading program.