FSUOGM - Former Soviet Union Oil & Gas
Rosneft forecasts 6% oil output growth out to 2031
State-run integrated energy company Rosneft has forecast mild growth of 6% over the next 7 years.
Novatek opens season for Northern Sea Route with departure of first cargo
Russia’s second largest natural gas producer, Novatek has opened the season for LNG deliveries to Asia via the Northern Sea Route.
Chinese Wison drops out of Novatek’s Arctic LNG-2
Chinese Wison New Energies, one of the main technological partners of Russian liquefied natural gas major Novatek, is ceasing operations in Russia.
Gazprom pivots to bolster oil trade amid struggling gas sales
Russia’s state-run gas giant Gazprom has its eyes set on expanding oil trading as the company looks to rebound after reporting a $7bn loss in 2023, Reuters reported on June 21 citing sources familiar with the firm’s trading.
FSUOGM: No major energy deals from SPIEF 2024
Russian oil exports to India in May hit record high
Russia’s oil exports to May climbed to a record high of approximately 2.1mn barrels per day.
Rerouting of Russia trade to add more Caucasus, Central Asia growth in 2024-2025, says Oxford Economics
Relatively small component of expanded commerce comes from evading sanctions on particular goods, analysis argues.
EU to target LNG and helium in 14th sanctions package against Russia
The package will target transshipment of Russian LNG in European ports, which will also make it more difficult to deliver LNG from Russia to Asia.
Drone strikes oil terminal in Russian Azov port
A Ukrainian drone strike caused a large fire in a fuel tank at an oil terminal in the Azov port in the Russian Rostov-on-Don region on June 18.
EU faces another gas conundrum as contract for Russian gas through Ukraine nears expiration
EU member countries and companies have approached Caspian Sea gas producer Azerbaijan with a scheme designed to cover the loss of Russian gas supplies reaching Europe through Gazprom’s pipeline system transiting Ukraine.
Azerbaijan's energy sector sees decline in production, rise in investments in early 2024
In January-May 2024, the production and services in Azerbaijan's electricity, gas and steam generation, distribution and supply sector amounted to AZN1.3313bn, reflecting a 4.1% decrease compared to the same period in 2023.
No major energy deals from SPIEF 2024
US firm signs landmark LNG deal with Ukraine
US energy company Venture Global has signed a groundbreaking deal to supply liquefied natural gas to Ukraine.
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