FSUOGM - Former Soviet Union Oil & Gas
Italy arranges to import more gas from Algeria
Algeria has now surpassed Russia as the largest supplier of gas to the Italian market, but Europe is still a long way away from replacing Gazprom.
Nord Stream back up and running, but flow remains low
Russia’s Nord Stream 1 pipeline has finished its annual maintenance period on time and is now back in operation, triggering a modest drop in gas prices. But like before the downtime, the pipeline is running at well under its full capacity.
Russia asking India to pay for oil in UAE dirhams
Markets await word on whether Putin will agree non-dollar payments from Turkey for energy supplies
Kremlin reminds Nur-Sultan who’s boss over Kazakh oil exports
And there’s not much the Kazakhs can do about it.
Kazakhstan downsizes oil and gas auction
EU draws up gas reduction plans on fears of a Russian gas embargo
The European Commission has drawn up a plan detailing a rationing mechanism and rules to pass price increases on to consumers that can be imposed should Russia cut Europe off from gas deliveries.
Uniper seeks $2bn boost in credit line
Russian gas cut-off could see some European countries' growth fall by 6%, says IMF
If Russia cuts off its gas deliveries to Europe then the most exposed countries could see their economies contract by up to 6%, the International Monetary Fund said in its blog on July 19.
Putin finds a sympathetic ear in Tehran
Russian leader meets with Iranian and Turkish presidents during rare trip abroad. Analysts watching for any outcomes that could boost Kremlin amid its war in Ukraine.
NIOC and Gazprom sign MoU for $40bn deal
Naftogaz surprised by government's order to delay bond repayment
Naftogaz, Ukraine's state-owned energy company, revealed that the government order to delay debt payments last week came as a surprise, Bloomberg reported on July 15.
Ukraine spent $3.3bn on oil products in the first half of 2022
Ukraine spent $3.3bn on oil products in the first six months of the year, Ukraine Business News reported on July 18.
IEA warns of "long, hard winter for Europe
Gazprom declares force majeure on supply contract
IEA chief warns Europe its gas efforts won’t be enough even as Brussels inks deal with Azerbaijan
Immediate efforts to cut demand vital, says Fatih Birol, as prospect of EU running out of gas reserves in winter looms.
Commission reportedly proposes deal that would mean more pipeline deliveries of Azerbaijani gas
Bondholders told to reject Naftogaz's request for two-year debt payment freeze
Bondholders of Naftogaz, Ukraine's state-owned energy company, were told by advisors from legal firm Dechert to reject the company's request for a two-year payment freeze on $1.4bn of its bonds, Reuters reported on July 14.
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