FSUOGM - Former Soviet Union Oil & Gas

17 May 2023

Kazakh project of Russian petrochemical major Sibur valued at $8bn

16 May 2023

The cost of construction of a gas chemical complex for the production of polyethylene Sileno (a joint venture between Russian petrochemical major Sibur and Kazakh KazMunayGas) in Kazakhstan will reach $7.6bn.

Novatek to install Chinese gas turbines at Arctic LNG-2

16 May 2023

Russian natural gas major Novatek will source gas turbines for powering its Arctic LNG-2 liquefied natural gas project from China's Harbin Guanghan Gas Turbine, part of China Shipbuilding Industry Company.

EU takes aim at Indian fuel supplies produced from Russian oil

16 May 2023

EU foreign policy chief Josep Borrell has urged the bloc to prevent India from reselling Russian oil to Europe as refined fuel, including diesel, in an interview with the Financial Times on May 16.

Russia's government seeks to convince analysts it has cut oil output.

16 May 2023

Russian Deputy Energy Minister Pavel Sorokin sought to convince Western analysts in a call this month that the country had indeed cut its oil production by 500,000 barrels per day in line with a voluntary pledge made earlier this year.

Eni takes Gazprom to court over lost gas supply

16 May 2023

Italy's Eni has launched international arbitration proceedings against Russia’s Gazprom over its consistent reductions in pipeline gas supply, the company revealed in a document responding to a shareholder question last week.

EU looks to better implement measures targeting Russian energy in upcoming 11th sanctions package

15 May 2023

The EU continues work to hash out an 11th sanctions package on Russia in response to its invasion of Ukraine, which will require the approval of all 27 member states to be finalised.

Russia, Mongolia declare progress on Soyuz Vostok feasibility study

15 May 2023

Russia’s Gazprom announced last week that design and survey works for the Soyuz Vostok gas pipeline running through Mongolia to China was nearing completion, stressing the progress that the project has made.

G7 increases Ukraine support to $44bn, rejects restarting Russian gas imports to Europe

15 May 2023

The G7 increased its commitment of budget and economic support for Ukraine for 2023 and early 2024 to $44bn and endorsed further sanctions, Ukraine Business News reported on May 15.

EU to tighten Russian oil sanctions, target “shadow fleet” ships

13 May 2023

The closing of the sanction loopholes to which the 11th sanctions package of the European Union will largely be dedicated will also include measures to prevent Russian oil flowing.

Serbia to build new oil pipeline with Hungary, new gas pipeline with Bulgaria

11 May 2023

Hungary and Serbia have reached an agreement to construct a new oil pipeline that will add to the transit of Russian oil from the Druzhba pipeline to Serbian consumers, said Hungarian Minister of Foreign Affairs Peter Szijjarto.

KSE’s plan for Ukraine to fight back against Russia’s weaponisation of gas

11 May 2023

Russia's attempt to use its gas supply as a political tool against its neighbours and the EU has backfired, but gas supplies from Russia to Europe should be allowed to continue, but with some strict restrictions to defang Russia's energy weapon.

Ukraine cracks down on illegal Russian fuel entering the country

10 May 2023

Ukraine bans fuel of unkown origin to crack down on Russian fuel products sneaking into the country, Economic Pravda reported on May 10.

Russian company seizes Sakhalin-2 tugboats

10 May 2023

A Russian court on the island of Sakhalin has ordered the seizure of four tugboats owned by Denmark's Svitzer in response to a request by a Russian energy company. This action is part of Russia's strategy to seize assets of exiting Western companies.