Italy seeks new gas deal in Algeria to reduce Russian dependency

Italian Prime Minister Mario Draghi will visit Algeria on Monday to sign a deal to boost gas imports, two sources said, as Rome steps up efforts to tap alternative flows following Russia’s invasion of Ukraine. Draghi will travel with a delegation expected to include the head of Italian energy group Eni, Foreign Minister Luigi Di … Read more

Japan could expand fuel subsidy to lower energy costs: minister

Japan may expand a subsidy program for gasoline and other fuels among measures being considered to ease rising energy costs, the industry minister said on Sunday. The move will be part of a new aid package that Japanese Prime Minister Fumio Kishida ordered his cabinet to draw up by the end of April on Tuesday … Read more

Russia imposes ruble payments for gas, Europe calls it ‘blackmail’

President Vladimir Putin said Thursday that Russia will start accepting ruble payments from Western countries for its gas starting Friday, a move European capitals rejected as “blackmail.” Putin signed a decree mandating gas payments in rubles and said the contracts will stop if foreign buyers do not agree to the new conditions, including opening ruble … Read more