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[1/8] Japan's Prime Minister Fumio Kishida and U.S. Secretary of State Antony Blinken shake hands at the prime minister's official residence Tuesday, Nov. 7, 2023, in Tokyo, Japan. "Our commitment to continue strict sanctions against Russia and strong support for Ukraine has not wavered at all, even as the situation in the Middle East intensifies," Japan's foreign minister Yoko Kamikawa told a press conference. The G7 is due to hold an online meeting with Ukraine's Foreign Minister Dmytro Kuleba on Wednesday. Since the war erupted, the G7 has issued just one joint statement on the conflict, amounting to a few sentences. G7 foreign ministers are preparing "some sort of statement" to be issued following the Tokyo talks, Kamikawa said declining to comment on its contents.

Persons: Fumio Kishida, Antony Blinken, Eugene Hoshiko, Yoko Kamikawa, Kamikawa, Dmytro Kuleba, Volodymyr Zelenskiy, Minoru Kihara, Blinken, Sakura Murakami, Tim Kelly, John Geddie, Tom Hogue, Raju Gopalakrishnan Organizations: Japan's, REUTERS Acquire, Rights, Ukraine, Kyiv, The, European Union, Russia, Ukraine's Foreign, Mitsui & Co, Health, Japanese, British, United Nations, Thomson Locations: Tokyo, Japan, Russia, Britain, Canada, France, Germany, Italy, United States, Ukraine, Israel, Gaza, U.S, Moscow, Hiroshima, May, ISRAEL, GAZA, Iran

☆ Technip Energies shares plunge after Le Monde report on Russian gas project
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +3 min

Oct 19 (Reuters) - Technip Energies (TE.PA) shares plummeted on Thursday after French newspaper Le Monde said the oil and gas company may have failed to comply with European Union sanctions against Russia by continuing to supply equipment to a Russian gas project. Technip Energies said in a statement after its shares fell as much as 22% that it had always respected international sanctions and its contractual obligations regarding the Arctic LNG2 project in Russia. "Technip Energies has worked with the relevant authorities and has complied with sanctions gradually imposed by the European Union, the United States and Britain," it said. The equipment delivered by Technip involved two modules for the construction of a liquefaction train worth around 450 million euros, Le Monde said, citing Russian customs records, maritime data and satellite images. "$800 million of market cap came off, it's a very harsh response, and suggests the news scared investors out there," said the analyst, who spoke on condition of anonymity, referring to the Le Monde story.

Persons: Le Monde, Monde, Technip, China's CNPC, Piotr Lipinski, Nathan Vifflin, Benjamin Mallet, Silvia Aloisi, David Evans Organizations: Union, Russia, European Union, Le, Japan, Mitsui & Co, Thomson Locations: Russian, Russia, United States, Britain, Paris, EU, Ukraine, Gdansk

Speaking at an online briefing ahead of next week's U.S.-Japan Energy Security Dialogue, Pyatt also said the United States and its partners in the Group of 7 were committed to denying Russia any energy revenues. "It's very clear to me that Russia is never again going to be viewed as a reliable energy supplier," Pyatt told reporters. "In the case of our G7 partners in particular, we are also committed to work jointly to deny Russia future energy revenues, and target in particular investments and projects growing Russia's future energy revenue," he added. Russia has played down the impact of Western sanctions, saying they are used by the United States to eliminate Moscow as a competitor in global energy supplies. In September, the United States issued fresh sanctions related to Russia's Novatek-led (NVTK.MM) Arctic LNG 2 project in which two Japanese energy firms - Mitsui (8031.T) and JOGMEC - are shareholders.

Persons: Alexey Malgavko, Energy Resources Geoffrey Pyatt, Pyatt, Yuka Obayashi, Miral Organizations: REUTERS, Rights, Energy Resources, Russia, Japan Energy Security, United, Mitsui, JOGMEC, Thomson Locations: Siberian, Omsk, Russia, Washington, Moscow, Ukraine, U.S, United States, Japan

REUTERS/Toru Hanai Acquire Licensing RightsTOKYO, Sept 16 (Reuters) - Japan's Mitsui (8031.T) said on Saturday it is committed to complying with restrictions in the wake of fresh U.S. sanctions related to Russia's Arctic LNG 2 liquefied natural gas project in which it holds a stake. However, a Japan government source said they could complicate how Mitsui and another Japanese shareholder JOGMEC provide support for the project and could also delay production from Arctic LNG 2. The Arctic LNG 2 project in Russia's Arctic is operated by Russian company Novatek (NVTK.MM) while Mitsui and fellow Japanese firm JOGMEC hold a combined 10% stake. Novatek plans to launch first production train at the Arctic LNG 2 project towards the end of the year. The Arctic LNG 2 project is designed to run three production lines with an annual production capacity of 19.8 million tons.

Persons: Toru Hanai, Mitsui, JOGMEC, Novatek, Katya Golubkova, Jason Neely Organizations: Mitsui & Co, REUTERS, Rights, Japan's Mitsui, Reuters, Mitsui, Thomson Locations: Tokyo, Japan, UAE, Russian, Yamal, Ukraine, Moscow, Russia

REUTERS/Florence LoBEIJING, March 20 (Reuters) - Chinese state energy giants have made a number of multi-billion dollar investments in Russia, one of China's top oil and gas suppliers, across various stages of the energy supply chain. Below are the main investments by the Chinese government, key state-owned energy companies and their listed vehicles, based on company releases and Reuters reports. 2005: Sakhalin-3 Veninsky oil projectRussian oil giant Rosneft (ROSN.MM) and Sinopec (600028.SS), agreed to jointly explore the Sakhalin-3 Veninsky block during a visit by China's then-president Hu Jintao to Moscow in 2005. It became China's first energy project in Russia. 2019: Arctic LNG 2In 2019 China's CNOOC Ltd (0883.HK) and PetroChina agreed to buy a combined 20% stake in the $25.5 billion Arctic-2 liquefied natural gas project led by Novatek.

[1/3] Samples of rare earth minerals from left: Cerium oxide, Bastnaesite, Neodymium oxide and Lanthanum carbonate at Molycorp's Mountain Pass Rare Earth facility in Mountain Pass, California June 29, 2015. Australia's Lynas Rare Earths Ltd. (LYC.AX) slumped 6.8% on the news and has fallen further since. It hasn't helped the price of rare earths either, accentuating a sharp slide that began in February. Shanghai Metal Market rare earth assessmentsRARE EARTHS ROLLER-COASTERRare earths have been on a price roller-coaster over the last three years. There is also the lingering threat that China could weaponise its rare earths supply if relations with the West deteriorate.

☆ Factbox: North Asia gears up for peak winter energy demand season
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +3 min

Nov 3 (Reuters) - Key North Asian economies are stockpiling fuel, diversifying sources and conserving power to ensure adequate supplies for winter, as an unprecedented global energy crisis makes spot liquefied natural gas (LNG) purchases costly. * City gas providers held 2.54 million tonnes at end-August, ministry data shows, versus 1.97 million tonnes a year earlier and also above a five-year average. * South Korea's LNG stocks stood near 3.9 million tonnes at end-September, a source with knowledge of the matter said. * Households and businesses are being encouraged to reduce energy consumption through incentives like tax cuts, though details have not been announced. CHINA* China is expected to stay clear of spot LNG purchases this winter due to higher prices and slow demand growth amid COVID-19 curbs.

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