These primarily impact China and India, who are the largest buyers of Russian oil. Both have begun turning away Russian tankers over the past few days in anticipation of the move.

Gazprom began supplying gas to Slovakia again at the beginning of February, using volumes given up by Hungary on the TurkStream pipeline, SPP said last month. Volumes were due to double from April, but no amounts were given.

Hungary has gone the other way, leveraging its ties to Moscow for economic gain. It carved out exemptions from under EU sanctions on Russian oil and doubled down on natural gas purchases from Russia. Hungary is also pressing on with the Russia-led expansion of its sole nuclear power plant.

Lower LNG demand from China is also providing near-term relief for European buyers competing for shipments. The Asian country’s purchases are forecast to fall this year for the first time since 2022,

LNG suppliers have invested billions in new export projects on the assumption that China, the world’s top buyer, will underpin demand growth for decades.

Ключевой темой встречи стало обсуждение партнёрского взаимодействия в рамках ФСЭГ. Была отмечена необходимость координировать усилия по продвижению интересов газовых экспортёров на глобальных энергетических рынках, включая создание новых финансовых инструментов.

There have also been reports that Nord Stream 2 could be taken under new ownership with a view to allowing Russian gas to flow via the undamaged string of the link.

Одной из основных задач Программы является сохранение объемов экспорта угольной продукции и привлечение в отрасль инвестиций, необходимых для обеспечения добычи угля.

The final product will be returned by December 2027 in the form of UF6 enriched to 4.25% and will be used in the manufacture of nuclear fuel for the Angra dos Reis NPP.

Furthermore, the eight countries reiterated their collective commitment to full conformity with the additional voluntary production adjustments as agreed under the 53rd JMMC meeting on April 3, 2024. T

The Boca de Jaruco field produces extra-viscous, extra-heavy oil (natural bitumen) from carbonate deposits using thermal steam methods. Zarubezhneft has quadrupled its annual production over the past five years, while the stock of production wells has remained unchanged at seven wells.

Основной темой встречи стало сотрудничество в нефтяной, газовой, угольной, электроэнергетической и атомной отраслях. Было отмечено, что взаимодействие в энергетической сфере является стратегическим направлением сотрудничества между Россией и Турцией.

Стороны обсудили вопросы сотрудничества в торгово-экономической сфере, энергетике, промышленности, транспорте, сельском хозяйстве, здравоохранении, науке и образовании, культуре и спорте.

While pipeline gas supplies from Russia cover less than 5% of Europe’s fuel needs after most major routes have been closed since 2022, the nation remains the second largest supplier of LNG to the EU. Purchases hit a record last year, with Spain, France and Belgium being the biggest buyers.

Russian oil products exports remain resilient with volumes climbing last month to the highest in a year, despite repeated drone strikes against the country’s refining operations.