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 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
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