FSUOGM - Former Soviet Union Oil & Gas

Ukraine targets oil infrastructure inside Russia

A fire at an oil refinery 150 km behind Russia's front line has been widely attributed to a kamikaze attack by Ukrainian drones. This is only the latest in a series of targeted acts of sabotage in Russian territory.

Russia’s FinMin to tap Gazprom for $8bn extra taxes

Naftogaz increases payments to Ukraine's state budget by 34% and prepares to sue Russia's Gazprom

Naftogaz, Ukraine’s state-owned oil and gas company, increased payments to the state budget by 34.3%, Ukraine Business News reported on June 22.

FSUOGM: Novatek head downplays concerns of Arctic LNG-2 launch delays

Ukraine's oil refining industry has completely stopped due to Russian attacks

The CEO of Naftogaz, Ukraine’s state-owned oil and gas company, has announced that the country’s entire oil refining industry is not working due to targeted Russian rocket attacks, the Kyiv Independent reported on June 22.

China, India overtake Germany as Russia’s biggest buyer of crude oil

Oil imports by China and India from Russia have surged thanks to the sanctions on Russia in May to overtake Germany as Russia’s biggest trade partner.

Ukraine missiles strike the Russian Black Sea Chernomorneftegaz oil rig

China's CNDC reaffirms interest in broadening cooperation with Turkmenistan

Uzbekistan’s largest private oil and gas company acquires Fergana oil refinery

Novatek head downplays concerns of Arctic LNG-2 launch delays

Kazakh oil exports via Novorossiysk set for further disruption

Gazprom Neft obtains rights to eight Taymyr exploration licences

Karachaganak partners to send more gas to Russia's Orenburg plant

Kyiv acquires 10bn cubic metres of gas for heating season and allocates six CHPs to Naftogaz

Kyiv announced that 10bn cubic metres of gas has been acquired, more than half the requirement for Ukraine’s upcoming heating season, Ukraine Business News reported on June 20.

Shah Deniz project will start paying Azerbaijani income tax

Russia emerges as top Chinese oil supplier in May

Ukraine attacks oil platforms off Crimea, local leader claims

Uzbekistan's GTL complex produces first synthetic oil

Iran, Azerbaijan agree on joint Caspian gas projects

Russia-EU gas crisis enters next phase as Germany, Italy and France all report cuts in supply

The crisis in the EU-Russia gas relationship has taken another turn for the worse, with Germany, Italy and France all reporting cuts in supply after all three countries backed Ukraine’s bid for EU candidate status.

COMMENT: Fiscal challenge for Azerbaijan is to not spend the oil price boom

Counter-cyclical fiscal policy needed. Among other things, more modest budget spending would help country combat soaring inflation.

Face to face with Putin, Kazakhstan’s president refuses to recognise Ukraine breakaway republics

Hours later, Moscow announces difficulties with Kazakh oil shipments. Some analysts, however, argue the Kremlin benefits from Nur-Sultan’s moves to avoid sanctions.

TurkStream to shut down for maintenance on June 21-28

Russia’s TATNEFT and Kazakhstan’s KazMunayGas express intent to go ahead with Karaton-Sarkamys exploration project

Russia’s FinMin prepares to redraft the budget rule, Urals price

Gazprom, CNPC sign technical agreement on Far East gas route to China

Russia’s Gazprom and China National Petroleum Corp. (CNPC) have signed a technical agreement on a Far East route for supplying Russian natural gas to China.

FBK accuses Putin and Miller of using Gazprom as “bottomless purse” in latest scandal report

A report by Navalny's Anti-Corruption Foundation claims Gazprom CEO Alexey Miller has allegedly embezzled from Russia's gas giant to fund a network of properties and offshores. Putin's inner circle is also accused of profiting from the theft.

CPC warns of reduced oil shipping speeds during June 15-25 citing Black Sea checks for mines

ERG announces plans to rely on green hydrogen along with wind and solar plants to decarbonise

China-Central Asia pipeline ‘delivers 400bn cubic metres of gas to China in 12 years’

Azerbaijan increased gas exports by 3% in first five months

Europe's gas storage tanks already half full, but will it be enough?

Gazprom cuts supplies of gas as Europe races to fill its storage tanks. These crossed the halfway mark on June 7 and are now 51.12% full, as the EU seeks to replenish its supplies ahead of the coming winter.

Russia’s Novatek exposed as Baker Hughes set to pull LNG equipment

Calls growing for a price cap on Russian oil exports

Europe has been wrestling to get its members to sign up to a full ban on Russian oil products but a ban could send the price of oil up and make Russia even more money. Better to cap prices and starve the Kremlin of revenues.

Russia announces it will slash gas flow via Nord Stream 1 by 60%

Russia’s Gazprom has announced it is slashing gas flow via the Nord Stream 1 pipeline by 60%, blaming Siemens’ failure to repair compressor units on time and other technical problems at the Portovaya compressor station.

Germany struggles to get Rosneft out of Schwedt refinery

India registers 24% rise in y/y fuel demand in May

The EBRD will lend up to €300mn to Naftogaz

The European Bank for Reconstruction and Development (EBRD) has pledged to lend up to €300mn to Naftogaz as concerns arise over this year’s heating season, Ukraine Business News reported on June 15.

Turkmenistan: Masks off

Uniting in paranoia with Russia, warming to Iran, and opening for business. This and more in Eurasianet's weekly Turkmenistan briefing.

Russian Far East crude exports to Asia up

FSUOGM: Russian energy export revenues up 40% in May despite sanctions