FSUOGM - Former Soviet Union Oil & Gas
US urges Turkmenistan to cut methane emissions to help battle climate crisis
Secretary of State Antony Blinken addresses urgent issue during Washington visit of Turkmen counterpart. Military chiefs of two countries hold concurrent meeting on security challenges.
Chinese investor backs oil, gas equipment plant project in Kaluga
Chinese firm IGRB has signed an agreement of intent with the government of Russia’s Kaluga region to build a plant to produce equipment for the oil, gas, geothermal and thermal power industries.
Russian LNG liberalisation set to benefit Rosneft
Russian state-owned oil firm Rosneft looks set to be the main beneficiary of a proposed government law that will liberalise rights to use the country’s gas to export gas, with 36 of the company’s fields permitted to be used for LNG development.
LNG volumes at sea rise on annual basis
The amount of LNG stored at sea rose this month on an annual basis, Reuters reported on April 21, attributing the growth to low spot demand in Japan, China and South Korea.
German parliament passes law on fast sale of Rosneft stake in refinery
Germany’s parliament last week cleared changes to the country’s energy security act that will enable a fast sale of Rosneft’s stake in the Schwedt oil refinery without the plant first needing nationalisation.
‘Relegated’ Gazprom looks set for football sponsorship deal with Istanbul’s Besiktas
Ex-semi-pro football player and Turkish president Recep Tayyip Erdogan may hope agreement will help with Turkey’s plans to score as a gas hub.
Russian Gazprom looks to boosts domestic gas sales margins
Russian natural gas giant Gazprom is looking to boost its revenues from domestic gas sales and is lobbying for the liberalisation of the industrial gas market in certain regions.
Russian energy exports to China soar in Q1
Russian supplies of oil, pipeline gas and LNG to China soared in the first quarter of this year, customs authorities in Beijing reported on April 21, reflecting the diversion of the country’s energy exports from Western markets.
FSUOGM: How Russian oil is sidestepping sanctions
Korean firms eye gas projects and role in constructing new city of Arkadag in Turkmenistan
Russian and Saudi leaders ‘satisfied’ with oil cuts
Russian President Vladimir Putin and Saudi Arabia’s Crown Prince Mohammed bin Salman have expressed satisfaction with the current oil prices during a phone call last week.
Kyiv asks Shell to give over $1bn in Russian "blood money" to Ukraine
Kyiv has asked British oil and gas giant Shell to share over $1bn in “bloody money” with Ukraine if it sells its Russian assets, Politico reported on April 19.
How Russian oil is sidestepping sanctions
Gas supplies from Turkmenistan to Azerbaijan via a swap through Iran increased by 450%
India to continue buying Russian oil above price cap
India will continue to buy Russia oil above the G7 price cap of $60 per barrel in an effort to fight inflation and encourage economic growth at home, Finance Minister Nirmala Sitharaman said this week in an interview with Bloomberg.
Lessons from the Sino-Russia Power of Siberia 1 deal for the second gas pipeline deal
The key deal under discussion during Chinese President Xi Jinping's three-day trip to Moscow in March to meet with President Vladimir Putin was the construction of a second Power of Siberia gas pipeline to re-orientate Russia gas exports eastwards.
SOFAZ assets at the end of Q1 rose to nearly $53.5bn
Gazprom to set up Middle East arm
Russia’s state gas giant Gazprom announced this week that it will establish a unit in the Middle East, though it failed to provide further details.
Kazakhstan sues oil majors for $16.5bn
Kazakh government body PSA LLP has launched arbitration claims against the operators of two of the country’s largest oilfields, accusing them of unapproved spending, Energy Minister Almasadam Satkaliyev said on April 11.
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