FSUOGM - Former Soviet Union Oil & Gas

1 October 2024

EU joint gas purchase platform sees limited signs of success

30 September 2024

The EU’s joint gas procurement platform, launched last year to enable bulk-buying of more gas at lower prices, has covered only a mere fraction of the bloc’s demand.

Iranian president locks in gas pipeline deal with Russia

30 September 2024

Iranian President Masoud Pezeshkian on September 30 hailed a recent gas supply deal with Russia while slamming Israel for as he met Russian Prime Minister Mikhail Mishustin in Tehran.

Azeri gas flow through Ukraine just a guise for Russian transit, says GTSOU head

30 September 2024

The head of Ukraine’s gas transmission system operator has acknowledged that “Azeri” gas transited through Ukraine would still be Russian in origin.

Naftogaz Group posts fourfold profit surge in first half of 2024

30 September 2024

Ukrainian state energy company Naftogaz Group reported a consolidated net profit of UAH24.4bn ($670mn) for the first half of 2024, nearly quadrupling its earnings compared to the same period last year.

Russian oil dinosaur SurgutNG plans to maintain output

30 September 2024

Russian oil major SurgutNefteGas (SurgutNG or Surgut) plans to maintain its oil output and refining output in 2024 at the level of 2023, Renaissance Capital wrote on September 27 citing the CEO of Surgut Vladimir Bogdanov at the Russian Energy Week.

Putin wants to see 10-year plan for Gazprom

29 September 2024

Russia’s President Vladimir Putin has requested that state natural gas giant Gazprom prepare a ten-year development plan, taking into account “sustainable development” goals and creating infrastructure for the “changing supplies geography”.

Serbia signs new gas contracts with Azerbaijan

27 September 2024

Serbia and Azerbaijan have signed new gas contracts to bolster Serbia’s energy security, guaranteeing the country one million cubic meters of gas per day this winter.

Tax cuts for Russian gas giant Gazprom despite higher state spending

26 September 2024

Russian natural gas giant Gazprom will have its tax burden cut in 2025 despite the notable hike in federal budget expenditures, Bloomberg reports citing the unpublished three-year federal budget.

Russian oil shipments to Turkey drop in August

25 September 2024

Due to the repairs on a major refining facility,Turkey, Russia’s third largest oil buyer, has halved its imports of Russian oil in August 2024 to under 200,000 bpd from 400,000-450,000 bpd in early summer.

Netherlands urges more sanctions on Russian LNG

24 September 2024

The Netherlands has called for more sanctions to restrict Russian LNG imports into the EU, noting an increase in the volume of Russian super-cooled gas arriving on its own shores in recent months.