FSUOGM - Former Soviet Union Oil & Gas
Perspectives | China wants the Line D pipeline. Can Central Asia deliver?
Beijing is leaning toward buying additional Central Asian gas, despite reliability concerns.
Kazakhstan to transport another 20,000 tonnes of crude to Germany in March via Russia’s Druzhba pipeline
Russian crude oil unsold in Ghana
Western sanctions have forced Russia to send its oil to Ghana for storage after existing pools of buyers shrink. On February 24, the St Kitts and Nevis-flagged Theseus arrived in Tema from a Black Sea port carrying 600,000 barrels of Russian crude.
Devaluing ruble offsets falling price of oil for Russia’s oil majors
Russian oil companies are facing multiple challenges in the current environment, including rising output costs, geopolitical uncertainties and the COVID-19 pandemic. However, there is some relief for these companies from the slowly devaluing ruble.
Gas supply contract arbitration will hinge greatly on Nord Stream investigations
Whoever was responsible for the explosions that burst the Nord Stream 1 and 2 gas pipelines last September could be key to deciding on multi-billion dollar arbitration claims lodged by European gas buyers that subsequently lost their Russian supply.
Russia’s 500,000 bpd production cut goes into effect as production and exports surge
Russia starts reducing its oil output by 500,000 barrels per day from March 1 in a one-month production cut that is intended to “stabilise the market,” according to Deputy Prime Minister Alexander Novak.
Belarus and Russia sign off on a new gas deal
"Energy battle" between Europe and Russia not over yet: IEA head
The head of the International Energy Agency has warned that the “energy battle” is still not finished between Europe and Russia, despite the recent sharp decline in gas prices.
Russia to store oil in Ghana as Western sanctions shrink its market
LONG READ: Russia abandons deceptively deep Baltic discounted prices for market prices in Asia
The discounts Russia is being forced to offer on its oil exports after twin sanctions were imposed look big, but thanks to huge changes in the market the real price Russia gets for its oil is much higher.
Azerbaijan exported 8.7 bcm of gas to Turkey in 2022
Gazprom chief to visit Iran for talks
Alexey Miller, the CEO of Gazprom, is scheduled to visit Tehran on this week to hold discussions with senior officials of Iran's oil and gas sector. The Iran embassy in Moscow has confirmed this news.
Kyrgyzstan's 2022 imports of petroleum products higher by 45% y/y
Russia seeks closer gas ties with Central Asia
FSUOGM: Lukoil, KMG target launch of Caspian oilfields in 2028
The EU embargo on Russia’s oil products will drive down prices – but not yet
EU sanctions on Russia’s oil products went into effect on February 5 and will take several months to make themselves felt. The products market is very different to the crude oil market.
Russia still earning half a billion dollars a day from oil exports
Despite major efforts by the US, the EU and other countries to restrict Russia's fossil fuel revenues, the country is still earning more than half a billion dollars from oil and gas sales per day.
Urals oil price is increasingly meaningless, allowing Russian-owned refineries in Europe to build up slush funds
After the twin price cap sanctions were imposed on Russian oil exports, Ukraine’s supporters cheered as the price of the key Urals blend collapsed. The trouble is, Russian refineries in Europe make the price of Urals increasingly irrelevant.
How big is Russia's "ghost fleet" of oil tankers?
How many ships are in Russia’s “ghost fleet” of tankers? No one has a clear idea: estimates run from 100 to 600 tankers depending on what you include in the fleet.
Lukoil, KMG target launch of Caspian oilfields in 2028
Russian gas output down 13.5% in January
Russia halts oil supply to Poland
Fuelling energy woes, Uzbekistan sees drop in gas output
Production is falling as demand increases, forcing country to look to Russia for energy supplies.
CPC halts crude oil shipments from Kazakhstan’s Tengiz oil field due to ‘weather conditions’
Azerbaijan imported 1 bcm of gas in 2022
Taliban announce investment consortium with Russian, Iranian and Pakistani companies
Belarus to pay $128.53 per thousand cubic metres for Russian gas
European gas prices slump to 18-month low
The front-month contract at Europe’s premier TTF gas hub dipped below €50 per MWh ($567 per 1,000 cubic metres) on February 21 for the first time this year, amid easing fears of shortages, warm weather, ample LNG and lower industrial demand.
Kazakhstan’s natural gas consumption to reach 20bn cm in 2023
Azerbaijan gas exports fell 5.4% to 18.9 bcm in 2022
Gas prices fall further on record 64% full European gas tanks
Gas reserves in Europe's underground storage facilities (UGS) have dropped to 69bn cubic metres and are 63.7% full as of February 22, Gas Infrastructure Europe (GIE) reports.
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