Russian natural gas giant Gazprom, seeking an outlet for supplies previously delivered to Europe before the Ukraine invasion, has signed an accord with Iran to supply the  Gulf nation with pipeline gas from Russia.

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Iran has threatened to close the Strait of Gibraltar linking the Mediterranean and the Atlantic for shipping and without saying how such a move would be carried out and the threat from Tehran came as the UK condemned Iran as a “malign influence” in the world that was supporting current attacks on shipping in the Red Sea.

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JGC Holdings Corp., the leading Japanese LNG and energy engineering company, posted an annual loss mainly because of impairments relating to the Ichthys LNG export project near Darwin in the Northern Territory of Australia, though is upbeat on the coming LNG boom.

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