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Europe could still face very tough winter if Russia cuts gas supply entirely, says IEA
Russian gas pipeline flow to Europe has averaged about 2bn cubic metres per month so far this year, or roughly six to seven times less than the corresponding 2017-2021 range. But Russia has also been sending around an equal amount of gas in LNG form.
Bulgarian lawmakers to take control of Lukoil oil terminal
Lawmakers in the 240-seat parliament voted 144 in favour of a bill that would end Lukoil’s concession to run the Rosenets oil terminal near the Black Sea port of Burgas.
AsianOil: Zarubezhneft eyes divestment off Indonesia
Russian state oil firm Zarubezhneft intends to divest its interest in the Indonesian Tuna gas project after its UK partner Harbour Energy said Western sanctions were complicating their joint activities.
EurOil: EU mulls importing gas from Argentina
FSUOGM: Russia to slash oil exports in August
DMEA: ADNOC, OMV in talks for potential merger
MEOG: Iraq kicks off projects at West Qurna-1
NorthAmOil: Alberta premier says province will not recognise Ottawa’s net-zero mandates
ENERGO: Turkey tops table as Europe’s biggest producer of electricity at coal-fired plants
What is the outlook for Russian oil output this year?
OPEC maintained its forecast for Russian oil production this year at 10.28mn barrels per day in its latest monthly report, despite the government’s recently announced plan to curtail exports by 500,000 bpd in August.
Lukoil, KMG well in Kazakh Caspian Sea turns up dry, project disbanded
Russia’s Lukoil and Kazakhstan’s Kazmunaygas (KMG) have disbanded a joint venture to explore the Zhenis block in the Kazakh Caspian Sea, in a further disappointment for Astana’s efforts to spur offshore hydrocarbon development.
Kazakhstan transits four times more Russian oil to Uzbekistan
Uzbekistan has started significantly increasing imports of Russian oil through Kazakh pipelines after a long three-year hiatus, Kazakh oil pipeline operator KazTransOil (KTO) has said.
Poland tables coal assets spin-off offer to key utilities
PGE, Tauron, Enea, and Energa received offers from the Ministry of State Assets for the spinoff of their coal-fired generation assets to a new state-owned vehicle.
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