FSUOGM - Former Soviet Union Oil & Gas

25 November 2022

Gazprom unveils its biggest investment programme in eight years as it begins to reorientate to the east

24 November 2022

Gazprom announced its biggest investment programme since 2014 of $35bn as the company prepares to embark on major capital-intensive work that may include new pipelines to Europe and China and suggests is may be expecting higher earnings from Europe.

Naftogaz can purchase enough gas for Ukraine

23 November 2022

Naftogaz, Ukraine’s state-owned gas company, can afford to purchase enough gas for the war-torn country after a financial injection from Norway and Canada, Ukraine Business News reported on November 23.

EU releases symbolic gas and preliminary oil cap price numbers

23 November 2022

The European Commission released preliminary prices for the gas and oil price caps at a level that is more of a symbolic gesture than the stringent sanctions that will crush the Kremlin's budget that many were hoping for.

Norway gives €195mn grant to Naftogaz

23 November 2022

Ukraine’s state-owned gas company, Naftogaz, will receive NOK2bn (€195mn) from Norway, Ukraine Business News reported on November 22.

Relaunch of Russian gas supplies to Azerbaijan raises questions about Baku-Brussels deal

22 November 2022

Russia’s Gazprom announced on November 18 it would deliver up to 1bn cubic metres of natural gas to Azerbaijan between now and March under a new contract with the latter country’s state-owned oil firm SOCAR.

Ukraine wants Russian oil producers to pay more for transport through Druzhba pipeline

22 November 2022

Ukraine’s oil transit operator Ukrtransnafta will again increase the transit fee for Russian oil transported through the Druzhba (Friendship) pipeline, New Voice of Ukraine reported on November 22.

Bulgaria accepts Lukoil's controversial offer for tax cash in exchange for exports to EU

22 November 2022

Caretaker government accepts offer despite warnings it could breach the EU sanctions regime.