Russia's Novatek signed two memoranda of understanding with Indian companies H-Energy Global and Petronet LNG Wednesday on cooperation on LNG supplies and production, on the sidelines of the Eastern Economic Forum in Vladivostok.

The MOU envisages cooperation in LNG supplies to India on a long-term basis, joint investment in future LNG terminals of H-Energy and LNG projects of NOVATEK, as well as establishing a joint venture to market LNG and natural gas from NOVATEK’s portfolio to end-customers in India, Bangladesh and other markets.

China's nuclear power development has been safe and efficient in terms of nuclear technology use, nuclear material control, public health and environment protection, according to a white paper released by the State Council Information Office

India's Petronet LNG is eyeing stakes in gas projects in the US and other countries in an effort to strengthen its grip on the supply sources as it expects India's import demand to grow sharply

China’s natural gas consumption growth rate is expected slow to around 10% in 2019, from 17.5% last year, amid easing economic growth and pressure on the country’s production, storage and sales network,

The U.K., France and Germany have called for restraint in the South China Sea amid reports that Chinese and Vietnamese vessels are facing off in the disputed waters over competing territorial claims.

Александр Новак отметил, что энергетическое взаимодействие с Индией отличается самодостаточностью и отвечает интересам обеих стран. При этом важную роль в двустороннем развитии отношений играет деятельность Рабочей группы по сотрудничеству в области энергетики и энергоэффективности в рамках Российско-Индийской межправкомиссии, 22-е заседание которой прошло в апреле этого года.

Россия и Китай обязуются содействовать созданию наиболее благоприятных условий для непрерывного роста двусторонней торговли и инвестиций посредством сотрудничества в финансовой и налоговой сферах.

Министр сообщил, что на сегодняшний день в проект Стратегии включены шесть направлений: совершенствование торгово-инвестиционного режима и договорно-правовой базы, реализация потенциала в финансовой сфере, развитие транспортно-логистической инфраструктуры, диверсификация энергетического сотрудничества, сотрудничество в агропромышленной сфере, наука и инновации.

Net profit attributable to owners of the Petrochina was RMB28,423 million, up 3.6% year-on-year.

The US will raise the tariff on $250 billion worth of Chinese imports from 25% to 30% on October 1, and raise the current 10% tariff on another $300 billion of Chinese imports to 15% on September 1,

China's crude oil imports from Iran rose 4.7% month on month to 926,119 b/d in July, while the US ranked as the eighth largest crude supplier as shipments surged to a 13-month high of 362,364 b/d,

“This escalation of the U.S.- China trade war is another step in the wrong direction, the consequences of which will be felt by American businesses and families,” said Kyle Isakower, API’s Vice President of Regulatory and Economic Policy. “In addition to the impacts on the U.S. economy and jobs, U.S. energy leadership and global competitiveness are threatened as U.S. natural gas and oil exports continue to serve as targets for retaliation.”

China has announced a 5% tariff on imported US crude oil in retaliation for US President Donald Trump’s recent escalation of the countries’ trade war.

India finds a partner in the UAE to achieve its ambitious dream of achieving a $5 trillion economy, Prime Minister Narendra Modi told the Emirates News Agency, WAM, in an exclusive interview.