FSUOGM - Former Soviet Union Oil & Gas
Swiss trading house Trafigura reportedly on hunt for $500mn in Mongolia following mass fuel fraud scheme
Gas volumes delivered to China via Central Asia pipeline cross 500bn cubic metre milestone
Russian gas transit via Ukraine stable despite cut-off in supply to OMV
Russian natural gas transit to Europe through Ukraine as of November 19, despite Gazprom cutting off supply to Austria’s OMV over the weekend.
Putin suggests new Russia-Germany energy deals in call with Scholz
Russian President Vladimir Putin raised the prospect of entering new energy deals with Germany in his first call with German Chancellor Olaf Scholz in two years.
Russia and China explore new natural gas supply route via Kazakhstan
Russia mulls building gas pipe to China through east Kazakhstan
The project is a revision to the Altai pipeline that Moscow axed years ago because of a cold response from Beijing.
Russia sets out position on climate change at COP29
While climate change ranks low in terms of priorities domestically, Russia sees opportunities in playing a major role in the global energy transition.
Azerbaijan's oil product output rises 2.6% in January-October 2024
In January-October 2024, the total value of oil product production in Azerbaijan amounted to AZN4.31bn ($2.5bn), representing a 2.6% increase compared to the same period in 2023.
Russia could tax Transneft pipeline operator 40%
Russia could tax Transneft pipeline operator 40%
Poland cuts Russian LPG imports ahead of EU ban
Poland has slashed imports of Russian LPG ahead of an EU embargo coming into force at the end of the year.
Germany refuses shipment of Russian LNG at Brunsbuettel terminal
Germany has rejected a shipment of Russian LNG slated to be received at the country’s northern Brunsbuettel import terminal.
Gazprom outbids Surgutneftegaz in fierce auction for Far Eastern subsoil rights
A subsidiary of Russian natural gas giant Gazprom has emerged victorious in a high-profile auction for exploration rights to the West-Lensky oil and gas block in the Far Eastern region of Yakutia.
Kazakhstan still struggles to compensate for missed OPEC+ quotas
Kazakhstan continued exceeding its OPEC+ quota in October, despite one of its largest oilfields shutting down during the month.
Uzbekistan’s gas distributor Khududgaztaminot reports 57% y/y revenue growth in 1H24
Iranian government issues energy directive amid gas shortage
Iran’s economic task force has announced energy-saving measures as part of efforts to tackle the country’s gas shortage ahead of winter.
Russian oil major Tatneft to pay 75% of RAS profit dividend
The board of Russian regional oil major Tatneft of the Tatarstan Republic has recommended a 3Q24 dividend of RUB 17.39/share.
FSUOGM: Rosneft denies oil mega-merger reports
Russia cuts off gas supply to Austria's OMV
Russian gas giant's cut off of supplies to Austria's biggest oil and gas company triggers a spike in European gas prices.
MP says Turkey earns $1.27 per barrel of oil piped through link allegedly providing Azerbaijani crude to Israel
Russia could partially lift petrol exports ban
The Energy Ministry proposes to allow petrol exports as of December 1, 2024, but only for direct producers of AI-92 class petrol in the first stage.
Kazakhstan sells KEBCO in Platts trading window for first time
Baker Hughes lands contract to cut emissions at Azeri oil refinery
US oil industry services giant Baker Hughes announced on November 14 it would provide its integrated gas recovery and hydrogen sulphide (H2S) removal system to reduce emissions at the Heydar Aliyev oil refinery in Azerbaijan.
Rosneft denies oil mega-merger reports
Russia’s largest oil company Rosneft strongly denied Western media reports that there was a plan to merge it with the country’s other top oil producers Lukoil and Gazprom Neft.
Shares in AIM-listed Mongolia company Petro Matad drop as well update describes “choked back” oil flows
Kazakhstan cuts oil production in October
TMK takes step towards demonstrating commercial coal seam gas flows achievable at Gurvantes XXXV project in Mongolia
Kazakhstan extends LPG export bans
Chinese oil service giant Xinjiang Beiken Energy Engineering Co to exit Ukraine
China’s largest private oil service company, Xinjiang Beiken Energy Engineering Co., is selling its Ukrainian business, Beiken Energy Ukraine, to a Cypriot firm owned by Ukrainian businessman Ihor Mazepa.
India defends Russian oil purchases
India has defended its significant scale-up in purchases of Russian oil over the past two years, with Oil Minister Hardeep Singh Puri stating on November 9 that global oil prices “would have hit the roof” if it had rejected Russia’s supplies.
Pakistan could quit TAPI as India now “extremely lukewarm” on gas pipeline project, says report
Demise of investment would deal major blow to Turkmenistan, which badly needs to diversify its gas exports.
Lukoil denies report of possible sale of Bulgarian refinery to Qatari-British venture
Contrary to widespread reporting in the international media regarding the sale of the Lukoil refinery in Bulgaria, the Swiss-based owner of the refinery’s majority share, Litasco, has issued a statement saying the reports are not correct.
France top Russian fossil fuel importer in the EU in Oct
France emerged as the top importer in the EU of Russian fossil fuels in October, the Finland-based Centre for Energy and Clean Air Research (CREA) reported on November 8.
Gazprom finally divests from Latvian gas supplier
Russian state gas exporter Gazprom sold its 34% stake in Latvian gas company Latvijas Gaze in October, finally marking its withdrawal from the Baltic state.
Europe can offset loss of Russian gas transit via Ukraine with LNG: Snam CEO
Europe can offset the potential loss of Russian gas supplies via Ukraine with increased LNG imports, the head of Italian gas grid operator Snam said during a post-result conference call on November 7
Second small-scale LNG project announced in Kazakhstan
Dubai-based Silk Way Energy plans to build a small-scale LNG plant in Kazakhstan’s southeast Zhetysu region.
Follow us online