FSUOGM - Former Soviet Union Oil & Gas
Uzbekistan, Russia discuss energy cooperation
Ukraine's first biomethane plant connects to gas network
Ukraine’s Regional Gas Company (RGK) has connected the country's first biomethane plant to its gas network, UBN reported.
Turkey eyes gas exports to Europe on back of Black Sea field's development
Turkey is hopeful that the Black Sea Sakarya field could support gas exports to Europe, as Ankara touts the country’s potential to be a regional gas hub.
Azeri oil output slides further in March
Oil production in Azerbaijan dropped once more in March by 3% to 515,000 barrels per day, according to preliminary data released by state oil company SOCAR.
Ghana: What’s left unsaid about Aker ASA’s exit from Pecan
Aker ASA's announcement on DWT/CTP fails to mention questions about Lukoil’s involvement in the project and Russia’s charm offensive in Africa.
Netherlands vows to stop importing Russian LNG
The Dutch government has pledged to stop importing Russian LNG, as it targets an expansion in overall LNG capacity to offset the loss of Russian pipeline supply.
Azerbaijan's oil and oil product exports surge in 1Q23
Novatek gets patent for improved Arctic Cascade liquefaction tech
Novatek has obtained a Russian patent for an improved version of its Arctic Cascade liquefaction technology, the company reported on April 13, as it pushes to localise LNG production in response to Western sanctions.
IEA upgrades 2023 forecast for Russian oil output
The International Energy Agency (IEA) has once more upgraded its forecast for Russian oil production for this year, by 210,000 barrels per day, predicting a decline of 530,000 bpd versus 740,000 bpd it had previously envisioned.
Russia boosts gasoline exports to Africa after EU sanctions
Russia has boosted its gasoline exports by nearly 50% year on year in the first quarter, with most of the deliveries going to Africa, according to ship tracking data.
Russian oil production, exports above pre-war levels, revenues down
Russia's crude export volumes have exceeded those hit before the invasion of Ukraine, as China and India buy almost all of this oil, but Russia’s budget received 43% lower revenues in the first two months of 2023 against the same period in 2022.
CPC pipeline temporarily halts oil loadings through SPMs
KazMunayGas to provide over $100mn in anti-crisis funds to KazTransOil unit for water pipeline expansion
Latvia scraps plans for controversial LNG terminal but still needs to ditch fossil gas
ASX-listed TMK Energy starts drilling first pilot well at Gurvantes XXXV coal seam gas project in Mongolia
EU ban on Russian LNG could backfire
Momentum is building behind calls for the EU to impose a ban on Russian LNG, even though doing so could make it harder for the bloc to stock up on gas supplies before next winter.
Italy clears sale of Lukoil refinery in Sicily
The Italian government has given the green light for the sale of the oil refinery on the island of Sicily owned by Russia’s Lukoil to G.O.I. Energy, TASS reported on April 12. The deal is subject to strict conditions.
The Hague’s Arbitration Tribunal orders Russia to pay Naftogaz $5bn compensation for loss of Crimean assets
The Hague’s Arbitration Tribunal has ordered Russia to pay Ukraine’s state-owned natural gas champion $5bn in compensation for losses caused by Moscow’s seizure of Naftogaz’s Crimean assets during the annexation of the peninsula in 2014.
Novatek purchases 27.5% stake in Sakhalin Energy for $1.1bn
The Russian government has approved the sale of a 27.5% stake in Sakhalin Energy to Novatek, the largest independent natural gas producer in Russia.
Naftogaz bond investors reject sweetened debt-restructuring deal
Bondholders of Ukraine's state-owned gas champion Naftogaz have rejected a sweetened debt restructuring deal following the company’s default on its obligation under government orders, the company said on April 12.
Moldova’s natural gas consumption down 57% y/y in March
Moldova’s natural gas consumption (not including separatist region Transnistria) decreased by 57% year on year to 64.7mn cubic metres in March, head of Moldovagaz Vadim Ceban announced.
Astana court sentences opposition politician to 15 days in jail for supporting Zhanaozen protests
Iran begins importing fuel from Russia
Russia has commenced fuel exports to Iran by rail this year for the first time, after traditional buyers opted to avoid trade with Moscow. Iran and Russia, both under Western sanctions, are forging closer ties to support their economies.
Kazakhstan to increase fuel prices to head off shortages
Police break up oil worker demo in Astana
More than 80 detained as authorities disperse protest mounted by group who travelled to capital from volatile town of Zhanaozen.
Kazakhstan replaces energy minister amid fuel shortage fears
Kazakh President Kassym-Jomart Tokayev has appointed a new energy minister, Almasadam Satkaliyev, who formerly served as chairman of national welfare fund Samruk-Kazyna.
Novatek seeks tax cuts for LNG projects
Russia’s Novatek has requested that the government grant its Yamal LNG project further deferral of additional profit tax for 2022 and also cut its rate.
Turkey prepares gas hub legal groundwork
Turkey's Energy and Natural Resources Minister Fatih Donmez says work to amend the country's legislation and prepare for Russia’s gas hub project has begun.
Lukoil delays development of Baltic oilfield
Russia’s Lukoil has postponed the planned development of the D33 oilfield in the Baltic Sea off the coast of Kaliningrad by a year until 2025, the company’s local division reported on April 10.
Tatneft snaps up Turkish filling chain
Tatneft has bought a chain of over 570 gas filling stations in Turkey for $320mn, representing a rare acquisition for the Russian oil company abroad in the last year.
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