FSUOGM - Former Soviet Union Oil & Gas
India reportedly complies with Western price cap on Russian oil
India’s government has instructed the country’s banks and traders to comply with Western sanctions on Russia, as the US, the EU and its allies work to get greater international backing for the measures to boost their effectiveness.
COMMENT: The Saudi-Iran rapprochement will lead to lower tensions in the Middle East, but rivalries remain
Saudi Arabia and Iran agreed to restore diplomatic ties on March 10, bringing an end to seven years of conflict between the two nations in a deal brokered by China that is expected to have wide-ranging consequences.
CERAWeek 2023: Kazakhstan strives to make its oil export business less reliant on Moscow's whims
CERAWeek 2023 updates: Kazakhstan, seeking to maintain its economic stability, continues a dialogue with the West in search of ways to bypass Russia without renouncing it completely.
Report of yacht use in sabotage of Nord Stream pipelines adds new layer to mystery
A team of divers using a 15-metre chartered yacht called the Andromeda sabotaged the Nord Stream 1 and 2 pipelines, a new report published by Germany’s Der Spiegel news site claims.
Gazprom Export head Burmistrova steps down
Russia’s state-owned gas supplier Gazprom announced on March 10 that Elena Burmistrova was stepping down as head of its export arm and would go on to serve as vice president of Gazprombank.
FSUOGM: Gazprom unveils $3bn East Siberian LNG project
Russia may issue more LNG development permits
The Russian government may issue permits for the development of fields to underpin LNG export projects in the northern areas of the Krasnoyarsk and Yamalo-Nenets regions, Prime Minister Mikhail Mishustin said last week.
Rosneft to reap modest reward from Russian LNG liberalisation
Rosneft stands to gain the most from proposed liberalisation of the Russian LNG market, Kommersant reported on March 9, but ultimately the impact of the drafted changes is not likely to be significant, nor result in new players entering the market.
Brussels calls for no new supply deals for Russian LNG
The European Commission has urged EU countries and companies not to enter into new supply contracts for Russian LNG, in order to further reduce the bloc’s use of the latter’s LNG.
Dubai’s Dragon Oil eyes Turkmenistan's offshore Caspian Sea Block 19 as part of expansion plan
Millions of barrels of Russian diesel idling in tankers around the world as buyers sought
According to oil analytical company Kpler, ships have been idling off the coasts of Europe, Africa and Latin America in what is the largest build-up in floating storage of diesel fuel from Russia since 2016.
Ukraine integrated into EU gas purchase platform
The EU has integrated Ukraine into the common gas purchase platform, Ukraine Business News reported on March 10.
Russian oil exports to UAE growing
Ship-tracking data indicate that the United Arab Emirates (UAE) is importing millions of barrels of Russian crude oil, despite pressure from the United States to isolate Russia, Reuters reported on March 6.
Uzbekistan: Unringing the bell
News reported last week about Uzbekistan preparing to accommodate Russian gas in its pipelines may not have been true, despite officials initially stating otherwise.
Kazakhstan’s petrol output up 21% y/y in January
Russian Novatek said to confirm buying 27.5% in Sakhalin-2
Leonid Mikhelson, the head and shareholder of Novatek, said in September 2022 that the company would decide on buying the stake after a due diligence audit.
Follow us online