Russian gas production forecast to soar

The country aims to boost annual LNG output levels to at least 100 million tons by 2030 The annual volume of liquefied natural gas (LNG) production in Russia is expected to keep growing to reach 47.3 million tons in 2024 in line with the country’s energy development program.

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Japan car industry losing billions over Russia export ban – Reuters

Japan’s decision to include used vehicles in its ban on car exports to Russia will cost the country nearly $2 billion, Reuters reported on Monday, citing trade data and market participants. The ban on sales of all but subcompact vehicles to Russia came into effect in early August, having cut off a lucrative sales channel…

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Italian factories ‘trapped in recession’ – S&P

The country’s manufacturing sector has been contracting for six months, a new survey has revealed Factories in Italy have seen a downturn for six months in a row, as manufacturing continues to decline in a sign of a deep industrial recession, Bloomberg reported on Monday, citing a survey by S&P Global.

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