FSUOGM - Former Soviet Union Oil & Gas

18 June 2024

Gazprom expects launch of Ust-Luga gas processing complex in Q3

17 June 2024

Russia anticipates first deliveries from a complex that will process ethane-containing gas in the Baltic port of Ust-Luga in the third quarter of this year, its operator Gazprom reported on June 14.

Uniper ends Gazprom contracts after Stockholm court win

17 June 2024

German energy group Uniper has terminated its long-term contracts with Russia’s Gazprom Export for gas supply, after the arbitration tribunal in Stockholm earlier this month granted it the right to do so.

Rosneftegaz becomes second biggest dividend contributor to budget in 2022

17 June 2024

Russia’s state holding company Rosneftegaz, which manages government stakes in several major energy companies, became the second-largest dividend contributor to the federal budget in 2022.

Germany prevents EU deal on Russian LNG sanctions

17 June 2024

As part of the planned 14th package of sanctions against Russia, there is a proposal to prevent EU countries from providing transshipment services for Russian LNG.

Russia considers another ban on diesel exports

16 June 2024

Russia’s government is considering reintroducing a temporary ban on diesel exports because of insufficient supply on the domestic market.

EU spent $630bn on non-Russian gas in 2021-23: Sechin

14 June 2024

The EU spent over $630bn on natural gas imports from countries other than Russia between 2021 and 2023.

SOCAR and Baker Hughes sign cooperation agreement

14 June 2024

According to the document signed by SOCAR head Rovshan Najaf and Baker Hughes President and CEO Lorenzo Simonelli, assembly, repair and maintenance of centrifugal electric submersible pumps will be carried out in Azerbaijan.

Court lets German Uniper pull out of long-term Gazprom contracts

12 June 2024

Upon the decision of the Stockholm Court of Arbitration German energy major Uniper announced the cancellation of all long-term supplies contracts with Russian energy major Gazprom and its subsidiary Gazprom Export.

Azerbaijan reports significant increases in oil refining and gas production for early 2024

12 June 2024

In January-March 2024, Azerbaijan refined nearly 2.7mn tonnes of oil, an 8% increase compared to the same period last year, according to the Ministry of Energy.

India’s oil imports from Russia rise m/m as oil minister confirms state-owned BPCL open to tie-up with Moscow

11 June 2024

India ramped up its oil imports from Russia to 41% in April 2024, up from 34% in March 2024, as per the June 2024 OPEC report.

Finland seeks EU vessel to handle potential Russian dark fleet oil spills

11 June 2024

Finland has urged the EU to invest in a standby response vessel to deal with potential oil spills in the Gulf of Finland that could be caused by Russia’s so-called dark fleet of tankers.

PODCAST: Emerging Global with Bruce Pannier on Turkmenistan's troubles

11 June 2024

A country with the fourth largest gas reserves in the world is struggling to sell its natural bounty. Daniel Rad interviewed regional expert Bruce Pannier on its plight.

Sechin rails against energy transition, calls for Russian policy changes

11 June 2024

Renewable energy sources cannot provide energy security, Rosneft CEO Igor Sechin said in a speech at the St Petersburg International Economic Forum (SPIEF) on June 8, urging policy makers to revise energy transition strategies.

European gas market remains exposed to gas supply shocks

11 June 2024

A recent unplanned outage in Norway has highlighted how the European gas market remains exposed to supply shocks despite high levels of storage.