According to the outlook, the problem should be solved by an 800-900 percent increase of gas exports to the Asia-Pacific region. To do this, Russia should increase annual natural gas production to at least 800 billion cubic meters per year. Source: RT
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Japan and India are finally moving to fructify their partnership for development of the Chabahar port in Iran with Tokyo committing investment to help improve Afghanistan’s access to the port. Source Times of India
The world’s top oil companies are back in acquisition mode, targeting smaller exploration and development firms to boost oil and gas reserves rather than the mega-mergers that followed previous slumps in crude prices. Total acquisitions of oil and gas fields tripled to $31 billion in December from a month earlier. Source: Reuters
The U.S. Treasury Department has imposed sanctions against Republika Srpska’s nationalist leader, Milorad Dodik, saying that he is actively obstructing efforts to implement the 1995 Dayton accords that ended the war in Bosnia-Herzegovina. Source Radio Free Europe