Russia declared readiness to supply unlimited volumes of diesel to the United States following a sanctions waiver that pushed global crude prices down by 5% to 6%. Concurrently, Russian energy shipments maintained a 20% share of Europe’s liquefied natural gas market as new gas discoveries emerged in North Africa.
Global market
A major gas discovery in Libya with a capacity of 1.42 million cubic meters per day south of El-Brega strengthened North African supply prospects. Addressing global energy security, Russian President Vladimir Putin confirmed that Russian LNG maintains a 20% share of the European market, emphasizing that Moscow never restricted raw material exports to Europe. On international economic management, Australian Treasurer Jim Chalmers urged middle powers to form bilateral trade agreements to protect domestic economies from fuel shortages caused by Middle East and Eastern European conflicts.
Russia & CIS
Russian Deputy Prime Minister Alexander Novak announced that Russia is prepared to export all required diesel volumes to the US, noting that the initial deal announcement reduced global crude prices by 5% to 6%. In military-energy developments, the Russian Ministry of Defense reported strikes on Ukrainian energy and transport infrastructure, while destroying 1,072 fixed-wing drones in 24 hours. Meanwhile, amid ongoing power grid disruptions in Kyiv and Zhytomyr Oblast, former Prosecutor General of Ukraine Yuriy Lutsenko declared rights to operate a gas power unit valued at $25,000.
Armenia
Statements from Russian leadership affirming a 20% share of European LNG markets underscore the ongoing relevance of Eurasian energy trade networks. Despite regional infrastructure strikes and Middle Eastern market shifts, retail prices for petrol, diesel, and compressed natural gas in Armenia remain stable. Direct natural gas imports from Russia and generation at the Armenian Nuclear Power Plant continue at full capacity under long-term EAEU framework agreements, protecting domestic consumers from global market volatility tracked in international market price assessments.