Oil imports from Russia rose 16% to 7.72 million tons last month, a volume topped only by Saudi Arabia, according to Chinese customs data.

The Indonesia Just Energy Transition Partnership (JETP), which will be financed over a period of 3 to 5 years, is also backed by Canada, Denmark, the EU, France, Italy, Germany, Norway and the UK.

Under this strategy, India plans to expand its green hydrogen production, increase electrolyser manufacturing capacity, and increase its nuclear capacity three-fold by 2032 (6.8 GW at the end of 2021).

Aramco is making its biggest ever investment in South Korea to develop one of the world’s largest refinery-integrated petrochemical steam crackers through its S-OIL affiliate, in line with the company’s strategy to maximize the crude to chemicals value chain.

Japan aims to expand offshore wind energy capacity to 10 GW by 2030 and 30-45 GW by 2040.

From a market share of less than 1% in India's import basket before the start of the Russia-Ukraine conflict, Russia's share of India's imports rose to 4.24 million mt, or nearly 1 million b/d, in October, taking a 21% share comparable to that of Iraq and higher than Saudi Arabia's share of around 15% in the country's import basket in the same month,

Japan sees an equity stake in the Sakhalin 1 oil, gas project important as it relies around 95% on Middle Eastern oil imports.

The strategy articulates India's vision and action plan for achieving its goals set out in its Nationally Determined Contribution (NDC) which was updated earlier this year to commit India to reduce the emissions intensity of its GDP by 45% from 2005 levels, and to achieve "about 50%" of its cumulative installed electric capacity from non-fossil fuel-based energy resources, by 2030.

The US, Japan and other countries will offer a climate finance deal worth at least $15 billion to help Indonesia shift its coal-dominated power grid away from the polluting fossil fuel.

China and India remain the main destination for Russian crudes in the wake of the Ukraine war, accounting for 58% of all seaborne Russian crude exports in October.

“China is counting on nuclear energy to play a major role in its commitment to achieve net-zero emissions, and CNNC is a large and growing part of that effort,”

Under a 2017 contract, the reactors are being supplied by Russia's Rosatom, complete with a lifetime of nuclear fuel and facilities for used fuel storage.

India’s cooperation with the UAE and the rest of the world in green energy will give an optimistic note on future energy scenario.

Poland's Minister of State Assets and Deputy Prime Minister Jacek Sasin and South Korea's Minister of Trade, Industry and Energy Lee Chang-yang also signed a memorandum of understanding "to support the nuclear energy project in Patnow and tighten cooperation in the scope of necessary information exchange".

The G7 and EU are finalizing details of a price cap that is intended to be implemented with the EU ban on seaborne Russian crude imports on Dec. 5 and Russian oil products on Feb. 5, 2023.