FSUOGM - Former Soviet Union Oil & Gas
Japan vows energy supplies will not be affected by sanctions on Arctic LNG 2
Japan has declared that its energy supplies will remain unaffected by US sanctions announced on November 2 against the Arctic LNG 2 project in Russia’s northern Gydan Peninsula.
Saudi, Russia to stick with voluntary output cuts
Saudi Arabia and Russia this week confirmed that they will extend their additional voluntary oil production restraint until the end of the year.
Kazakhstan expects oil output at up to 94mn tonnes in 2024
Kazakhstan to address shortage of LPG
Ukraine’s diesel imports put pressure on Romania’s ports
The volumes of diesel imported by Ukraine through port terminals in Romania increased by 60% month on month to 141,000 tonnes in October, after Ukraine banned the import of oil products without documents of of non-Russian origin.
Oil prices defy analysts’ expectations and fall rather than rise after the outbreak of the Israeli-Hamas war
The oil price defied analysts’ expectations and fell rather than rose after the outbreak of the Israeli-Hamas war on October 7. A month later, despite a 3.7% drop in the price of a barrel of Brent, its value has returned to pre-war levels.
Kazakhstan to supply oil to Hungary via route bypassing Ukraine
Russia only one of three countries to meet global LNG demand: Mikhelson
The global market for LNG will continue to grow, and only three countries have sufficient resources to satisfy it, Novatek CEO Leonid Mikhelson said at a speech at the Verona Eurasian Economic Forum in Samarkand on November 3.
Russia seizes more German Linde assets
The Arbitration Court of St Petersburg and Leningrad ordered a seizure of 13 ISO containers for liquid helium owned by Germany's Linde in favour of RusKhimAlyans, a subsidiary of gas giant Gazprom, Reuters reports citing court materials.
Iraqi discussions in Turkmenistan to complete gas supply procedures
Iraq's Ministry of Electricity announced discussions are being held by a government delegation in Turkmenistan to complete the procedures for supplying gas to the country.
Russian oil, gas revenues soar in October on income tax payments
Russian oil and gas revenues soared last month as a result of a cyclical injection of profit-based tax, doubling from September to $17.6bn, according to data published by the finance ministry on November 3.
Kazakhstan hopes to double gas supplies to China in future
Kazakhstan believes it may be able to more than double gas supplies to China in the future, even as it reaches out to Russia to cover its domestic needs.
Russia targets 30% of global LNG market share by 2035
Russia is targeting a 30% share of the global LNG market by 2035, Deputy Energy Minister Pavel Sorokin announced on October 31, citing draft plans for the country’s new national energy strategy.
Gazprom eyes long-term gas supply, transit deals in Central Asia next year
Russia’s Gazprom plans to sign long-term gas supply and transit agreements next year with Kazakhstan, Kyrgyzstan and Uzbekistan.
Consultancy stresses Russian need to bring new oilfields online to keep output stable
Russia needs to commission new oilfields with a combined output of 130-230mn tpy (2.6-4.6mn bpd) by the end of the decade to maintain current production levels, say Yakov and Partners, the former Russian division of global consultancy McKinsey.
Hungarian PM discusses energy issues in Kazakhstan
Kazakhstan shows interest in boosting capacity to increase oil exports 10-fold to China
Russian pipeline gas flow to EU down 2.4% in October
Russian pipeline gas supplies to the EU average to 2.74bn cubic metres in October, marking a 2.4% decline month on month.
Russia ignoring oil export reduction pledges as it seeks more cash to balance the budget
Earlier in the summer, Saudi Arabia and Russia had announced unilateral production cuts in addition to those agreed upon as part of a broader deal within the producer group that were recently extended to into the New Year.
Tajikistan takes hit from Kazakh ban on LPG exports
A ban on liquefied petroleum gas exports by Kazakhstan has caused fuel shortages in neighbouring Tajikistan, RFE-RL reported last week, in turn leading to increases in food prices.
FSUOGM: Kazakhstan eyes increased oil exports to EU via Croatia
ASX-listed Jade Gas to secure A$11mn in agreement with Mongolia’s UB Metan via convertible notes issue
Russia says Polish gas transmission company might face fine unless it drops its lawsuit against Gazprom
BTC Co's costs for the Baku-Tbilisi-Ceyhan project increased by 22% in January-September
Tethys Petroleum gives update on Kazakhstan operations
BP increased gas production from the Shah Deniz field by 11% in January-September
BP-Azerbaijan reported a production of 20 bcm of gas from the Shah Deniz field in the Caspian Sea for the first nine months of 2023, marking an 11% increase on the same period in 2022.
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