FSUOGM - Former Soviet Union Oil & Gas

3 December 2022

ING: Europe faces stiff competition for natural gas

2 December 2022

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?

2 December 2022

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.

The EU dependence on Russian energy charted

2 December 2022

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.

Ukraine wants to increase energy co-operation with Poland

30 November 2022

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

30 November 2022

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.

Russia proposes Kazakhstan and Uzbekistan join “gas union”

30 November 2022

Goal of proposed union is to coordinate transport of Russian gas across Central Asia as Moscow seeks new markets in response to Western sanctions.

Oil price cap deal still proves elusive for EU

29 November 2022

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.

Azerbaijan's State Oil Fund reports over $5bn in losses from asset management and FX in first nine months

29 November 2022

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.

Gazprom admits Moldova paid its bills but keeps December deliveries at under half of contracted amount

29 November 2022

Energy crisis in Moldova continues as Gazprom refuses to increase deliveries, accusing Chisinau of "frequent payment breaches".

Naftogaz and Halliburton boost strategic co-operation

26 November 2022

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.

Belarus asks for a tariff raise on the Druzhba pipeline

25 November 2022

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.