FSUOGM - Former Soviet Union Oil & Gas

Reported China-Turkmenistan 1Q24 trade volume of $2.6bn dominated by Turkmen gas exports

Turkey’s Israel exports drop 99% amid boycott, SOCAR Türkiye hit by protests over continuing oil shipments

Russian oil pipeline operator Transneft posts $1bn profit in 1Q24

Russian state pipeline operator Transneft posted IFRS revenue increase of 17% year on year to RUB369bn, with EBITDA growth of 7% y/y to RUB160bn, and net income growth of 4% to RUB92bn ($1bn).

FSUOGM: Russian gas output up 8% in January-April

SOCAR picks up stake in UAE concession

SOCAR has been awarded a minority stake in offshore Emiratie concession

13 detained in anti-SOCAR protests in Turkey

IMF: EU to completely abandon Russian energy sources by 2030

The EU is set to eliminate its reliance on Russian energy sources by 2030, according to a recent report by the IMF.

Japan’s Inpex reportedly supplies crude to Germany from Kazakhstan via Druzhba Pipeline for first time

CPC says 2024 oil export to fall 7% short of initial target

MACRO ADVISORY: Moscow is playing a long gas game

The Kremlin has now switched its attention to the gas market. It wants to replace the almost lost European market with new customers in Asia and to diversify the export infrastructure with both new pipeline routes and LNG.