FSUOGM - Former Soviet Union Oil & Gas
Turkmenistan: Kabul market
Afghanistan wants to show it is open for business and is willing to be a good neighbour. This and more in this week's Eurasianet Akhal-Teke Bulletin.
Russian utility major Mosenergo grows 9% in 2023
Turkish terminal freezes Russian oil business
Mediterranean facility Dortyol recently sprung to attention when US senators claimed “masked Russian oil” supplied via facility even ended up in US warships.
Georgia 'refused to buy' 1.1 billion cubic metres of Azerbaijani gas in favour of the EU
KazMunayGaz to drill three deep exploration wells this year in effort to revive long-term hydrocarbon potential
Azerbaijan will reduce excise taxes on imports of light distillates until the end of 2024
According to the decision of the Cabinet of Ministers, preferential rates for certain petroleum products came into force on March 1, 2024, and will be valid until December 31, 2024.
Ukrnafta transfers record-breaking $103mn dividend payment to state budget
Ukrnafta, Ukraine's largest oil producing company, has made a historic transfer of UAH3.9bn ($103mn) in dividends to the state budget as an advance payment.
Production of deep gas at the ACG block to begin in 1Q25
Production of natural gas from deep-gas formations in the Azeri-Chirag-Gunashli (ACG) field block will begin in Q1 25, according to Azerbaijani President Ilham Aliyev.
Potential Iranian ‘gas hub’, energy swap with Russia on the agenda
Iran said talks were underway with key regional producers to set up a “gas hub” on the country’s Persian Gulf coast amid ongoing negotiations between Tehran and Moscow to work out a deal on oil and gas swap.
Iran and Russia ink 19 economic MoUs, including energy
Iran and Russia have signed 19 memoranda of understanding, including four MoUs on energy cooperation, during a high-level economic meeting in Tehran
Shadowy Russia firm reportedly switches 60% stake in Uzbek gas storage facility to Hong Kong entity as Tashkent reacts to sanctions jitters
A shadowy Russian company has transferred its controlling stake in Uzbekistan's largest underground gas storage facility to a Hong Kong-registered holding company
Sakhalin Energy offers China a short-term annual deal of 12 LNG cargoes
Sakhalin Energy, the Russian energy company, has proposed a deal to supply Chinese buyers with 12 shipments of LNG annually for a period of three to five years.
Russia's natural gas production increased 6.8% y/y to reach 55.7bn cubic metres in January 2024
Russia's natural gas production increased 6.8% y/y to reach 55.7bn cubic metres in January 2024, according to the latest figures from RosStat. This growth marks the highest production level since March 2022.
Sanctions axe Russian gas major Novatek’s six LNG tankers
Lack of shipping capacity thwarts Russian LNG ambitions
Western sanctions are thwarting Russia’s planned expansion in the global LNG market.
Russia could double gas exports by 2050
Russia could double its gas exports by 2050, according to projections by the Russian Energy Agency, Tass reported on February 28.
Turkey’s natural gas imports fall 8% in 2023
US levies more sanctions on Russian LNG industry targeting shipyards
The US Department of State imposed fresh sanctions on Russia’s LNG industry on February 24, the second anniversary of Russia’s invasion of Ukraine.
Azerbaijan to serve as north-south climate finance "bridge" at COP29
Azerbaijan aspires to position itself as a “bridge” for climate finance between the global south and the global north.
Repairs at Nizhny Novgorod refinery to continue for several more months
Unplanned repairs at Lukoil’s 365,000 barrel per day refinery in Nizhny Novgorod are expected to drag on for several more months.
BP pushes on in Azerbaijan
BP and its partners have started production at the East North flank of the Shah Deniz gas field off the coast of Azerbaijan.
European gas prices slide to lowest point since early 2021
European natural gas prices have plummeted to levels not seen since 2021, as the continent nears the end of a mild winter with record levels of gas in storage and access to ample LNG supply.
Denmark ends probe into Nord Stream blasts
Denmark has followed Sweden in ending its investigation into the explosions in 2022 that burst the Nord Stream gas pipelines.
Azerbaijan increased gas exports to Turkey by almost 18% in 2023
Azerbaijan exported 10.257 bcm of gas from the Shah Deniz field to Turkey in 2023, which is 17.8% higher than in 2022, according to data from the Turkish Energy Market Regulatory Council (EPDK).
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