FSUOGM - Former Soviet Union Oil & Gas

28 July 2022

Ukraine could increase gas transits to EU to over 200mn cubic metres per day

26 July 2022

Ukraine has stated it could increase gas transits to over 200mn cubic metres per day to the EU after Gazprom cut gas flows via the Nord Stream 1 pipeline, Ukraine Business News reported on July 26.

Ukraine’s Naftogaz faces default on $335mn bond payment

26 July 2022

Naftogaz failed to persuade enough of its bondholders to accept a two-year freeze on payments at the eleventh hour and the government refused the company permission to make good on its obligations.

EU clinches deal on 15% cut in gas consumption from next month

26 July 2022

EU member states have agreed to back the European Commission’s proposal to implement a 15% cut in gas consumption starting next month, but the agreement includes some concessions to those countries that had voiced opposition to the measure.

Gas flows in Nord Stream 1 at 20% are insufficient to fill gas storage ahead of winter

26 July 2022

Gazprom’s announcement that it was cutting gas flows in the Nord Stream 1 pipeline to 20% of capacity on July 25 means the EU will miss its deadline to fill storage tanks to 80% full by October 1.

Naftogaz fails to change terms of eurobonds

25 July 2022

Naftogaz, Ukraine’s largest state-run oil and gas company, has failed to convince Kondor Finance to agree to change the credit terms of its eurobonds.

Gazprom to cut Nord Stream 1 flows again to only 20% of capacity

25 July 2022

Russian natural gas flow via the Nord Stream pipeline to Europe will be restricted further to only just above 20% of its capacity from the morning of July 27, Gazprom said on its Telegram channel on July 25, prompting a spike in European gas prices.

Lithuania transports oil products to Ukraine via Poland, bypassing Belarus

22 July 2022

The state-run Lithuanian Railways is transporting oil products for Ukraine via Poland, successfully avoiding Belarus, Ukraine Business News reported on July 21.

Ukraine's largest gas producer established a 6,000-metre gas well in Central Ukraine

22 July 2022

The largest gas producer in Ukraine, UkrGasVydobuvannya (UGV), has established a 6,000-metre deep gas well in the Poltava region of central Ukraine, Ukraine Business News reported on July 21.

Hungarian foreign minister in Moscow to secure additional gas deliveries

22 July 2022

Peter Szijjarto visited Moscow with a government mandate to buy an additional 700mcm of gas from Russia in addition to the 4.5bcm under a long-term agreement with Gazprom.