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.

The US and India have continually increased their trade in other sectors, so this has made partnering on energy very easy. Additionally, both countries are facing difficulties with keeping energy prices low, so they have had to look for new initiatives.

China's crude imports from Russia have continued to stay elevated through 2022, averaging at 1.71 million b/d over January-August, up 7.3% year on year, according to customs data.

Россия планирует поставить 22 млрд куб. м газа в Китай по трубопроводу «Сила Сибири» в 2023 году, а к 2027 году выйти на плановый уровень в 38 млрд куб. м, отметил Александр Новак.

В 2019 году добыча угля в России достигла исторического максимума в 442,8 млн т, а в 2021 году практически вернулась на докризисный уровень (439,5 млн т). Это был рекордный по экспорту угля год: Россия поставила на мировые рынки 223,4 млн т угля, 125,2 млн т из которых – в страны АТР.

Amidst volatility in global energy markets, continuing recovery from the COVID-19 pandemic, and increasingly frequent climate-related challenges, the United States and India reiterated their commitment to accelerating a just and sustainable energy transition.

By the end of fiscal year 2023, we expect cumulative residential rooftop solar capacity to reach 3,214MW, nearly a 60% year-on-year increase.

The current gas crisis also casts longer-term uncertainty on the prospects for natural gas, especially in developing markets where its use was expected to rise at least in the medium term as it replaced other higher-emission fossil fuels.

Международное объединение БРИКС (Бразилия, Россия, Индия, Китай, ЮАР) прорабатывает вопрос создания единой расчетной валюты.

Для достижения целей устойчивого развития и обеспечения справедливого энергетического перехода наши страны заинтересованы в стабильности мировых энергетических рынков, свободном движении капитала, технологий и в целом в обеспечении глобальной энергетической безопасности.

Indian Oil Corp. issued an LNG tender seeking an Oct. 7-8 DES Dahej cargo, while GAIL issued a tender seeking four Oct. 1-Nov. 14 DES cargoes. The tenders closed Sept. 15.

In 2021, solar and wind accounted for nearly 20% of installed capacity in India, with respectively 49 GW and 40 GW. The country aims to develop 175 GW of renewable capacity by the end of 2022, including 100 GW of solar.

Russia is still the biggest source of the trade bloc's shipped crude with more than 1.2 million b/d of imports landing in the region in early September, the data shows, little changed on the month.

Newcastle futures for October jumped 5% to $463.75 a ton Monday, according to ICE Futures Europe, to the highest price in data stretching back to January 2016. Europe’s benchmark coal price is also trading at a record.

India has emerged as a key buyer of Russian energy in the wake of the invasion, scooping up millions of barrels of discounted crude shunned by Europe and the US.