Egypt’s Suez Canal Authority (SCA) said in a statement that it signed a partnership agreement with Egyptian firm Anchorage Investments to build a major petrochemical complex in Ain Sokhna, northwestern Gulf of Suez. In an over-2-billion-U.S. dollar first phase, the...

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Liquefied natural gas supplies from Russia’s Sakhalin-2 project play an “extremely important role” in Japan’s energy security and replacing them would be costly and cause higher electricity prices, Japan’s industry minister said on Thursday. Ahead of U.S. President...

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Reliance Industries Ltd, the top Indian buyer of Russian oil, will abide by Western sanctions against Moscow while maintaining its relationship with current oil suppliers, its spokesperson said in a statement. Reliance, which is controlled by billionaire Mukesh Ambani...

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China State Shipbuilding Corp (CSSC) said on Thursday that the country’s first self-developed large dual-fuel RoPax ship – which is designed to transport cargo and passengers – for export, built by CSSC’s subsidiary Guangzhou Shipyard International Co, was delivered...

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The European Union will be able to fully replace Russian liquefied natural gas imports with alternative supply from 2027 without major price shocks, thanks to booming projects in the United States and Qatar, according to data and analysts. The EU on Thursday approved...

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India is shifting growing volumes of its gasoil to Africa and South America as incoming EU sanctions have threatened to sever trade links into the bloc. India helped redraw the global oil trade in 2022 when the EU suspended most of its Russian crude and products...

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