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Hungary secures increase in Russian gas supply

Under the agreement, an extra 2.6mn cubic metres per day of gas will arrive in Hungary’s south from the TurkStream pipeline up until the end of August.

Additional financing said to be sought in Pakistan for ‘challenging’ CASA-1000 Central Asia-South Asian Electricity Transmission project

Russian demerged coal major Raspadskaya posts solid 1H22 results

Western sanctions have only had "limited effect" on Russian oil output: IEA

Kanfer Shipping, EGAS and Leth Suez Transit to establish LNG bunkering joint venture in Suez Canal

Germany's Schwedt refinery samples US sour crude

Kazakhstan eyes alternatives to Russian oil transit

Russian oil imports to Czechia resumed

Russia occupies 35% of Ukraine's electricity industry and 2,209 natural resources deposits

Russian forces are occupying Ukraine’s electrical industry and stealing its natural resources, Ukraine Business News reported on August 12.

Bondholders agree to delay payments from Ukrenergo and Ukravtodor

Ukrainian state-owned companies Ukrenergo and Ukravtodor were given permission to postpone payments by Eurobond holders for two years, Ukraine Business News reported on August 12.

Pakistan seeks 72 LNG cargoes over six years

State-owned Pakistan LNG has launched a tender for one cargo of LNG per month over a six-year period, or 72 cargoes in total, according to a document posted on the company’s website.

Beach, BP finalise LNG offtake agreement

Beach Energy has finalised an agreement to supply LNG to BP, as it seeks to diversify its commodity pricing exposure and capitalise on high gas prices.

Azerbaijan increased gas exports from Shah Deniz by 23% in January-July

SOCAR reduced production of gasoline by 6.4%, diesel by 26.2% in January-July

Estonia obtained €248mn from emissions trading since 2021

Poland's Rafako responsible for unfinished Vilnius CHP construction

Russian MP hints gas supply to Moldova might be discontinued

Plant launch makes Iran player in geothermal power

Kazakhstan reportedly makes modest progress in finding alternative oil export routes that bypass Russia

Inpex raises full-year profit forecast 17%

Japan’s Inpex raised its profit forecast for the whole of 2022 by 17% this week. This came after higher oil prices and the depreciation of the yen against the US dollar boosted the company’s earnings in the first half of the year.

Keppel terminates contracts with three customers

Singapore’s Keppel said last week that it had terminated three contracts with separate customers, relating to construction of two rigs and a liftboat.

Shell postpones Prelude turnaround amid industrial action

Shell said this week that it was postponing planned maintenance on the Prelude floating LNG (FLNG) project offshore Australia.

Senex unveils Surat Basin gas expansion plans

Australia’s Senex Energy has said it will invest more than AUD1bn ($710mn) into an expansion of its Atlas and Roma North gas projects in Queensland’s Surat Basin.

Egypt's mineral fuels exports jump to $3.4bn in January-April 2022

ADM completes 17th cargo lift at offshore Nigerian oil field

ADM Energy, a natural resources investing company listed in the UK and Germany, has announced the completion of the 17th cargo lifting at the Aje Field, offshore Nigeria.