FSUOGM - Former Soviet Union Oil & Gas

Russian Novatek said to pause LNG projects to regroup due to sanctions

Russian natural gas major and leader in the liquefied natural gas market Novatek has paused the development of two major LNG projects in order to regroup and reconsider their business models under heavy sanction pressure.

Russia’s gas giant Gazprom and China expand Power Siberia supplies

Russian state-controlled natural gas giant Gazprom and China's CNPC on September 20 signed an additional agreement to the existing contract for gas supplies via the ‘eastern’ route of the Power of Siberia (Sila Sibiri) pipeline.

Palestinians face deportation from Turkey for “Erdogan stop feeding oil to Zionists!” banner

Turkish president continues to allow export of Azerbaijani oil to Israel via Mediterranean port despite his loud criticism of the Israelis’ actions in Gaza.

Hungary blames EU for its continued use of Russian gas

Hungary last week criticised EU leadership for its long insistence that Budapest discontinue the use of Russian gas.

MOL signs deal to develop gas reserves in Azerbaijan

Hungary's MOL and its joint venture partners have signed commercial agreements for the development of gas reserves in Azerbaijan, the oil and gas company said.

PANNIER: The great mirage that is the TAPI gas pipeline

With great fanfare, construction was for a second time launched in Afghanistan, but you’ll struggle to find any observer who thinks the project is going anywhere fast.

AIM-quoted Petro Matad spuds Gobi-Bear 1 exploration well in Mongolia

Turkmenistan suffers energy export setback as Turkey opts for new LNG deal

Holding out for last penny could cost Ashgabat.

SOCAR and BP expand oil and gas partnership in Azerbaijan

MoU covers joint search for international opportunities, BP's intention to work with SOCAR to develop two offshore blocks, plus expansion of existing ACG field.

Satellite report finds Turkmenistan’s methane emissions fell 10% in 2023 versus 2020

LNG specialist Condor Energies receives second natural gas allocation in Kazakhstan

Russian petrochemical major Sibur approves $340mn dividend

The shareholders of Russian petrochemical major Sibur approved the payment of RUB31.7bn ($340mn) in dividends or RUB12.36 per share for 2Q24.

Ukraine increases gas production, prepares for winter with domestic resources

Ukraine is ramping up its gas production and expects to meet its winter energy needs using domestic resources.

Kazakhstan to tackle LPG shortage by 2030

Sinopec and Tecnicas Reunidas to develop €2.3bn cracker in Kazakhstan

Azerbaijan's oil and gas revenues set to decline while non-oil revenues rise over the next three years

In the next three years Azerbaijan’s oil and gas revenues are expected to decrease, while non-oil and gas revenues will increase, according to the Ministry of Finance's parameters for the 2025 state and consolidated budgets.

Gas supply contract between Russia and Belarus to be finalised after 2025

Belarus and Russia plan to finalise the terms of a new gas supply contract, including pricing, during 2025, Belarusian Energy Minister Alexey Kushnarenko revealed at the TNF industrial and energy forum.

Four dead following leak at Uzbekistan's Mustakillik-25 gas field

‘Timeline’ needed to implement gas deal with Turkmenistan, Iran says

The CEO of the Iranian National Gas Co. (NIGC) Saeed Tavakkoli said that the implementation of a recent gas deal with neighboring Turkmenistan “called for a timeline.”

ACG project reaches $45bn in capital expenditures with over 4.4bn barrels of oil extracted since 1997

By the end of the second quarter of this year, capital expenditures for the Azeri-Chirag-Gunashli (ACG) project, located in the Azerbaijani sector of the Caspian Sea, reached $45bn.

Azerbaijan's oil exports to Italy reach $3.94bn in the first eight months

Kazakhstan’s Atyrau refinery to shut down for maintenance from October 1-25

Kazakhstan and Germany’s leaders discuss boosting rare earth and oil exports to Germany during Scholz visit

Serbia plans to increase Russian gas purchases

Serbia has proposed increasing its gas imports from Russia before the current contract expires in March 2025, Serbian Deputy Prime Minister Aleksandar Vulin stated in an interview with Izvestia, Tass news agency reported on September 13.