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Naftogaz to defer eurobond repayments for two years
Ukraine’s largest state-owned oil and gas company Naftogaz has asked bondholders of nearly $1.5bn of bonds to defer coupon payments by two years, Interfax reported on July 12.
Russian court reverses ruling impeding Kazakh oil exports but situation remains tense
Ahead of hearing, Kazakhstan says it is considering banning transit of sanctioned goods to Russia. Escalation of tensions may pose risk to Western oil assets.
What if Nord Stream 1 doesn’t come back online?
The Nord Stream 1 pipeline closed down on July 11 for routine maintenance. Under normal circumstances the 10-day closure would cause no alarm, but European officials have suggested that Moscow may keep the 55 bcm per year offline longer.
Islamic State threatens Central Asian and Chinese ventures in Afghanistan
The terror group behind growing carnage in the wretched country says anyone working with the Taliban is a target.
How many days of gas consumption are in Europe’s storage tanks?
If the Russians turned off gas supplies to Europe today, how many days of gas are currently in the storage tanks?
Uzbekistan creating gas processing industry to feed soaring domestic demand
Rather than exporting natural gas as a raw material, Uzbekistan is investing into deep processing capacity to enable domestic production of fuels, plastics and other products.
Russia sanctions complicate Uzbek energy sector overhaul
Western sanctions imposed on Russia after the invasion of Ukraine are holding up investments in energy projects in double-landlocked Uzbekistan.
The European Union needs to cut demand by 15% to cope with Russian gas cuts
Without Russian gas, the European Union would have to reduce demand by approximately 15%, with big differences between different parts of Europe.
Kazakh president orders diversification of oil supply routes after Russia’s CPC suspension order
A Russian court ordered the Caspian Pipeline Consortium to suspend activity for 30 days after the Kazakh president pledged to help Europe restore its energy supplies.
Ukraine is running out of money and Naftogaz is close to a bond default
Ukraine’s state-owned oil and gas company is likely to default, leading many to speculate that Ukraine will default later this year as the government struggles to pay for the war.
Europe’s gas storage reaches 60% as non-Russian deliveries accelerate
Natural gas storage tanks in Europe were 60% full on July 4 as non-Russian supplies of gas appear to have surged in the last weeks. Europe is still on target to reach its target of tanks 80% full by October but a lot of uncertainty remains.
EU mulls investment in Rogun dam to undermine Russia in Tajikistan
Dushanbe has asked for EU financial and technological assistance to complete the construction of the world’s tallest dam that will make the country self-sufficient in electricity.
Water imbalance in 'Third Pole' is wreaking havoc on Tajikistan and Kyrgyzstan
Researchers say climate change is causing rapid melting of glaciers on the Tibetan Plateau, disrupting water distribution in Tajikistan and Kyrgyzstan.
NorthAmOil: US government releases 2023-2028 offshore drilling plan
The US Department of the Interior released its new five-year offshore drilling plan on July 1, saying it would carry out no more than 11 new potential Atlantic and Pacific lease sales during the 2023-2028 period.
LatAmOil: Pemex formally launches Olmeca refinery
Mexico’s national oil company Pemex held a ceremony marking the official opening of the Olmeca refinery on July 1.
AfrOil: Shell suspends SPDC stake sale
Shell (UK) has put plans for selling its 30% stake in the SPDC joint venture on hold pending the Nigerian Supreme Court’s resolution of a lawsuit related to an oil spill in 2018.
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