FSUOGM - Former Soviet Union Oil & Gas
ING: Europe faces stiff competition for natural gas
The collapse in European natural gas prices in recent months has created a false sense of security. While the current winter appears to be more manageable, the region will find it more difficult to build adequate storage for the 2023/24 winter.
LNG in Europe: ready or not?
With the reliable supply of Russian gas to Europe a thing of the past since the eruption of war in Ukraine, many European countries have been scrambling to find alternative sources of energy. Many have turned to LNG.
German Uniper sues Gazprom for €12bn for failed gas supplies
The EU dependence on Russian energy charted
While the US already banned imports of Russian energy in March and April shortly after the country's invasion of Ukraine, the EU as one of Russia’s crucial trading partners is taking longer to ween itself off Russian gas, oil and coal.
TotalEnergies to pay $21mn to SOFAZ in 2023
Ukraine wants to increase energy co-operation with Poland
Ukraine wants to develop cross-border energy infrastructure with Poland to further increase energy independence from Russia, Ukraine Business News reported on November 30.
Sino-Russian ties continue to deepen as Western sanctions drive their economies together
Widely seen as a marriage of convenience, economic ties between Russia and China are rapidly deepening as the two countries are driven together by pressure from the West.
PKN Orlen Q3 results boosted by Lotos takeover
Russia proposes Kazakhstan and Uzbekistan join “gas union”
Goal of proposed union is to coordinate transport of Russian gas across Central Asia as Moscow seeks new markets in response to Western sanctions.
TTF remain in lull as EU stalls on gas price cap plan
Oil price cap deal still proves elusive for EU
EU negotiators ended talks on capping Russian oil prices on November 25 without coming to a hoped-for agreement, as Poland and the Baltic States opposed a proposal that they felt would have left Moscow with too much revenue from its crude exports.
FSUOGM: FSB claims sabotage foiled at "South Stream" gas pipeline
Azerbaijan's State Oil Fund reports over $5bn in losses from asset management and FX in first nine months
SOFAZ reported losses from asset management of $2.659bn, or 5.7% of its value, as well as extra-budgetary expenses amounting to $2.46bn, largely due to exchange rate appreciation.
Gas production at Shah Deniz in 2023 will increase by 5.8%
Gazprom admits Moldova paid its bills but keeps December deliveries at under half of contracted amount
Energy crisis in Moldova continues as Gazprom refuses to increase deliveries, accusing Chisinau of "frequent payment breaches".
Poland to freeze gas prices in 2023
Naftogaz and Halliburton boost strategic co-operation
Naftogaz, Ukraine’s state-owned oil and gas production company, is increasing co-operation with Halliburton, one of the world's largest oilfield services providers, to improve the potential of Ukraine’s oilfield, Naftogaz said.
FSB claims sabotage foiled at "South Stream" gas pipeline
India's imports of Russian goods swell in 2022, oil trade is key
Moldovagaz says it has no problem paying next gas bills to Gazprom
Belarus asks for a tariff raise on the Druzhba pipeline
Gomeltransnect Duzhba was the second company in two days to ask Transneft for tariff raise. Gomeltransneft Druzhba asked Transneft to increase the tariff on oil by 39% starting from January 1, 2023.
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