China's crude stocks stood at an 11-month high of 945 million barrels in May, accounting for 63% of the country's crude storage capacity

"Sakhalin-1 is a valuable non-Middle East source for Japan, which depends on the Middle East for 90% of its crude oil imports," said Haguida, the minister for economy, trade and industry.

The areas of potential cooperation include upstream and downstream businesses, engineering and construction, oilfield services, carbon capture and hydrogen.

Indeed, by 2025, companies in the steel, building materials, petrochemicals, non-ferrous metals, consumer goods, equipment manufacturing and electronics sectors with an annual revenue of CNY20m (US$2.9m) or more will have to cut their energy use by 13.5% from 2020 levels.

Now the increase in Russian coal is pushing out US, South African, Australian, and some higher CV Indonesian coal.

India's coal based generation accounted for 69.9% of the country's overall electricity generation of 1,490.277 billion units in fiscal year 2021-22 (April-March), a growth of 9.5% from a year ago.

The company boosted coal production by 6.2% to 300 million tons and increased sales to 390 million tons.

Steady inflows have lengthened waiting times for Very Large Gas Carriers to discharge at India's terminals,

As a result, China's crude throughput in June rose a further 1.9% month on month to 54.94 million mt in May, when the volume had rebounded 4.1% from a 35-month low of 51.81 million mt in April,

The proposal will be submitted to senior leaders, with a recommendation Beijing resume Australian imports prompted by fears European-led curbs on Russian energy will increase competition for coal from China’s main suppliers like Indonesia,

The meeting resulted in the signing of the Memorandums of Understanding between ROSATOM and the Ministry of Science and Technology of Myanmar on cooperation

Global LNG export capacity has increased by 29%, or 14.0 Bcf/d, over the past five years (2017–21).

In May, India imported 819,000 barrels per day (bpd), from 277,000 bpd in April and 33,000 bpd a year ago. Russia is now the second biggest supplier to India, replacing Saudi Arabia, while Iraq continues to be the largest.

The oil ministry said June 29 that India would allow operators to sell locally-produced crude in the domestic market without restrictions from Oct. 1, but restrictions on exporting locally-produced crude would remain.

China spent $18.9 billion on Russian oil, gas and coal in the three months to the end of May, almost double the amount a year earlier, latest customs data show. Meanwhile, India shelled out $5.1 billion in the same period, more than five times the value of a year ago.