FSUOGM - Former Soviet Union Oil & Gas
India halts Russian oil imports on board Sovcomflot tankers
India has halted all imports of Russian oil loaded on tankers owned by Sovcomflot in response to expanding US sanctions pressure, as Washington focuses on targeting physical transports of Russian energy exports so as to curb the country's revenues.
Uzbek oil company Saneg squeezes the last drop of oil from the tube
In 2019 the Cabinet of Ministers set up the company Saneg and transferred the ownership of 103 depleted oil fields to see if the company can squeeze a little more oil out of them, as Uzbekistan has an oil deficit and wants to reduce imports.
ASX-listed TMK Energy conducts $4mn capital raise for Gurvantes XXXV coal seam gas project in Mongolia
ASX-listed TMK Energy has conducted a successful $4mn capital raise to secure proceeds for the acceleration of commercial gas flows through the drilling of additional infill production wells at the Gurvantes XXXV coal seam gas project.
Ukraine’s power infrastructure in danger from Russian missile barrage
Ukraine suffered a second day of intense bombing of its power stations, plunging half a dozen regions into darkness, as the Kremlin tries to take advantage of Kyiv’s dwindling supply of air defence ammo.
Russian diesel exports up by a fifth to 978,000 tonnes
Russian exports of gas oils and diesel fuel increased by 22% in the week of March 11-17, reaching 978,000 tonnes, as reported by enkorr, citing data from the A-95 Consulting Group.
Methane emissions from the energy sector increased in 2023
The International Energy Agency estimates that in 2023, nearly 120mn tonnes of methane emissions stemmed from the production and utilisation of fossil fuels, slightly higher than in 2022.
GECF strikes bullish tone on gas demand growth
The Gas Exporting Countries’ Forum (GECF) has come out with a bullish prediction that consumption of the fuel will surge by 34% by the middle of the century.
Kazakhstan to work with Qatar on gasification projects
Kazakhstan is interested in teaming up with Qatar to construct pipelines to ship gas from the western part of the Central Asian country to domestic users, said Meirbek Ikhsanov, the first deputy chairman of national oil company QazaqGaz.
SOCAR's total investments in Turkish Petkim petrochemical complex amounted to $1.7bn
SOCAR Turkey Enerji has invested $1.7bn in the development of the Turkish petrochemical complex Petkim Petrokimya Holding, Elchin Ibadov, General Director of SOCAR Turkiye Enerji (SOCAR’s Turkish subsidiary) said in an interview.
Eurasian gas output to climb 40% by 2050: GECF
The Eurasian region will see a near 40% growth in natural gas production to 1.15 trillion cubic metres by 2050, the Gas Countries Exporting Forum has said in its outlook report.
European gas demand to contract by 37.5% by 2050: GECF
Europe’s energy system will undergo a radical energy transformation, with natural gas demand contracting by 37.5% between now and 2050, the Gas Countries Exporting Forum has said in its latest outlook report.
China set to get record volume of Russian oil in March
China is expected to receive a record volume of Russian oil this month, on the back of increased volumes of Sokoil oil produced in the Far East that India has stopped buying because of US sanctions concerns.
Dubai bank shuts Russian oil trader accounts as US sanctions pressure builds
Dubai’s largest state-owned bank has shut down accounts held by traders of Russian oil.
Europe needs to expand gas infrastructure to end Russian imports, CERAWeek execs say
Europe will need to further expand its natural gas infrastructure to eliminate Russian gas imports.
Saneg gives Uzbekistan's mature oilfields a second life
Saneg, the private company tasked with giving Uzbekistan’s mature oilfields a second life, aims to ramp up oil production by 30% this year to 730,000 tonnes (14,700 bpd), its CEO Tulkin Yusupov said in a presentation in Tashkent last week.
Ukraine keeps gas storage tariffs unchanged until 2025, aims to attract Western traders
Ukraine has announced that it will maintain its gas storage tariffs at attractive and competitive levels until April 1, 2025 as part of efforts to bolster its position as a preferred destination for underground gas storage.
Follow us online