FSUOGM - Former Soviet Union Oil & Gas
Kazakhstan ready to send more oil to Uzbekistan for the right price
Kazakhstan is prepared to consider increasing oil supplies to Uzbekistan if the price offered by Tashkent is right, Kazakh Deputy Energy Minister Yerlan Akkenzhenov said on October 11.
US enacts first sanctions on Russian oil tankers
The US imposed the first sanctions on Turkish and United Emirate owners of two tankers carrying Russian oil priced above the G7's price cap of $60 a barrel.
Europe's gas tank storage reaches an all-time high just before the winter's heating season starts
Total gas reserves in the European Union have surged to an all-time high just as the heating season begins, according to Gas Infrastructure Europe (GIE), an industry group representing European gas operators.
Putin's birthday gift: Russia kicks off gas supplies to Uzbekistan via Kazakhstan
Russia officially launched natural gas deliveries to Uzbekistan via Kazakhstan on October 7, taking advantage of a squeeze in Central Asian gas supply to partly offset its loss of market share in Europe.
Russian oil output edges up in September
Russian oil production rose marginally in September, by 10,000 barrels per day month on month to 9.48mn bpd. Output surpassed the OPEC+-agreed target by 30,000 bpd.
Mongolian president to discuss Power of Siberia 2 pipeline, Erdeneburen hydroplant projects in Xi, Putin meetings
Azerbaijan increased gas exports by 23% in January-September
IEA declares end to "Golden Age of Gas"
The energy crisis triggered by Russia’s invasion of Ukraine effectively marks the end of the 10-year Golden Age of Gas, the International Energy Agency said in its medium-term gas market report this month.
European gas prices soar to two-month high
European natural gas prices spiked last week, nearing levels not seen in two months, with the market in the grip of geopolitical concerns, renewed shortage fears and cold weather.
Proposed Turkmen gas supply deal for Iraq via Iran swap potentially a major earner for Ashgabat
Russia discusses reverse flow of oil to Azerbaijan
Russian Deputy Prime Minister Alexander Novak and Azeri Energy Minister Parviz Shahbazov discussed the potential expansion of the Tikhoretsk-Baku oil pipeline at the Russian Energy Week forum
Russian gas production to dip to 14-year low in 2023, says IEA
Russia is on track to see its natural gas output collapse this year to its lowest level since 2009, the International Energy Agency projected in its medium-term gas outlook this month.
Price for European diesel may rise this winter due to supply pressures
Europe could face spiking prices for diesel this winter as it grapples with a shortage of diesel fuel and heating oil, largely due to the loss of its primary supplier, Russia, following the ban on Russian fuel imports to Europe.
DTEK to drill its first ever oil well
Ukraine's energy giant, DTEK, has announced plans to drill its first ever oil well in the Poltava region within a month, CEO Maksym Timchenko said at a press conference on October 12.
Gazprom opposes liberalisation of Russian LNG exports
Russia’s Gazprom has said it opposes the liberalisation of the country’s LNG export industry, in an apparent move to defend its leading position in the space, the Moscow-based Vedomosti newspaper reported on October 10.
US imposes first punishments for ignoring Russian oil price cap sanctions
US officials have imposed sanctions on companies violating the $60 per barrel price cap on Russia's seaborne crude exports for the first time on October 12.
COMMENT: Non-Western tankers carry most of Russian crude exports, G7 oil price cap fails
Three-fifths of Russia's seaborne crude exports are now being shipped by tankers not required to comply with the G7 oil price cap, according to S&P Global data, as the oil price cap sanctions are increasingly seen to have failed.
US hits Turkey’s Ice Pearl, UAE’s Lumber Marine with sanctions for violating oil price cap
Azerbaijan increased production of gasoline by 19% and diesel by 20% in January-September 2023
Fuel consumers in Azerbaijan in January-September 2023 purchased motor gasoline and diesel for a total cost of AZN2.218bn ($1.305bn), which is 6.7% higher than for 9M 2022.
Russia and Azerbaijan discuss Tikhoretsk-Baku oil pipeline expansion
Discussions between Russian Deputy Prime Minister Alexander Novak and Azerbaijani Energy Minister Parviz Shahbazov centred on the possibility of expanding the Tikhoretsk-Baku oil pipeline for reverse oil deliveries from Russia to Azerbaijan.
Eni-led consortium of Kashagan oil field operators may seek arbitration in response to $4.8bn fine imposed by Kazakhstan
Kazakhstan assesses potential Russian natural gas supply transit volumes for Uzbekistan
Azerbaijan reduced oil and condensate production by 7.7%, and increased gas output by 4.4% in January-September
Oil production with gas condensate in Azerbaijan in January-September 2023 amounted to 22.6035mn tonnes, down 7.7% from the same period in 2022. Commercial oil production with condensate amounted to 22.5138mn tonnes (down 7.8%).
Azerbaijan eyes participation in restart of Bosnia’s Brod oil refinery
Azerbaijan is interested in participating in the restart of production of Bosnia & Herzegovina’s Brod oil refinery, said Petar Djokic, Energy and Mining Minister of Republika Srpska.
Finland says subsea pipeline damage appears to be deliberate
Finnish media reported that the Finnish government and the Finnish Defence Forces suspect Russia attacked the Balticconnector gas pipeline.
Iraq sets itself up for new gas imports
The Iraqi government is stepping up efforts to diversify its gas import options as the country works to capture associated gas and develop standalone assets.
Ukrnafta seeks investors to develop 21 oil and gas fields
The Ukrainian state oil and gas extracting company Ukrnafta is seeking investors to develop 21 oil and gas fields in Ukraine, UBN reported on October 10.
COMMENT: Oil markets on tenterhooks as Hamas attack on Israel stokes contagion fears
Global oil markets face the possibility of a price spike following the surprise attack by Hamas militants on Israel, which has seen hundreds killed and the start of a new war that could potentially threaten energy flows in the region.
Improving Ukraine’s corporate governance will be key to attracting billions in investment
Ukraine needs to raise hundreds of billions of dollars of investment to rebuild its economy after the war is over. But as the country is dubbed one of the most corrupt countries in Europe, that will be hard unless it can improve corporate governance.
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