Qatar, the world's second-largest LNG exporter after the US, shipped 82.44 million metric tons of LNG in 2025, with 8.9% of this total directed towards European terminals

That’s the price of the region’s benchmark diesel futures, known as ICE Gasoil, which rose as high as $1,509.50 a ton earlier today, the equivalent of $202.3 a barrel.

The European Union’s energy chief told member states last week to start injecting into gas storage early in order to avoid supply competition that could push prices up over summer.

Coal is already the dominant fuel in Asia’s power mix, making up well over 40%-50% across the region, and it has long been more cost-competitive than gas

Особое внимание уделили вопросам переориентации поставок российского газа с европейского направления на более надёжные и выгодные рынки в связи с принятым Евросоюзом поэтапным ограничением поставок газа из России.

India was the top buyer ​of Russian seaborne crude after Moscow's 2022 Ukraine invasion, but in January ⁠its refiners started to reduce purchases, helping New Delhi avoid 25% tariffs imposed by Washington ​and clinch an interim trade deal.

India became the single most important buyer of Moscow’s seaborne crude after the invasion of Ukraine, but the country has been cutting back in response to US pressure — particularly after a US trade deal struck last month that rolled back punitive tariffs.

India is the world's fourth-largest LNG consumer. According to S&P Global Energy data, in 2025, India imported more than 25 million metric tons of LNG per year.

Millions of barrels of Russian oil stored on tankers at sea could still provide Indian refiners with a quick and cheap solution, provided they get the nod from New Delhi.

Deliveries of Russian crude to Chinese ports rose to 2.09 million barrels a day in the first 18 days of February, vessel-tracking data compiled by Bloomberg show. The increase — from 1.72 million barrels a day in the whole of January and 1.39 million in December — has more than offset a drop from India.

Hungary has announced that it will block adoption of the EU's 20th sanctions package against Russia.

In terms of LNG trucking, India is still way behind China. However, it offers good growth potential

The 15.75 Bcm/year-capacity European string of TurkStream remains the sole pipeline route for Russian gas supplies to Europe after Ukraine halted Russian gas transit at the start of 2025, following the expiry of its five-year transit agreement with Moscow at the end of 2024.

Indian stocks and the rupee rallied on Trump’s remarks on Tuesday, but halting Russian oil purchases in particular would be a major concession for the Modi government, which has repeatedly insisted that buying crude wherever it wants is a matter of “strategic autonomy”.

Agreements were reached to boost supply volumes via the Power of Siberia pipeline from 38 bcm per year to 44 bcm per year and to increase supply volumes via the Far Eastern route from 10 bcm per year to 12 bcm per year.