FSUOGM - Former Soviet Union Oil & Gas

Turkmenistan makes Korea’s Daewoo E&C preferred bidder for construction of $730mn mineral fertiliser plant

UK adds more sanctions on Russian oil and LNG tankers

UK adds more sanctions on Russian oil and LNG tankers

Russia begins designing nuclear-powered submarines to transport LNG from Arctic

Russia has unveiled plans to commence designing nuclear-powered submarines to ship LNG from its Arctic facilities to customers in Asia.

Belgium calls for EU-wide tracking system of Russian LNG

Belgium’s energy minister Tinne Van der Straeten has suggested the creation of an EU-wide tracking system for Russian LNG.

Rosneft to search for oil in Belarus, says Lukashenko

Belarusian President Alexander Lukashenko announced on October 12 he had agreed with Rosneft CEO Igor Sechin for the Russian company to study the oil production potential of Belarus’ southern Gomel region.

Private group of Azeri firms acquire interest in Turkish gas block

A private group of energy companies in Azerbaijan called GL Group have acquired an interest in a gas block in Turkey, hailing it as their first foray into the international upstream sector.

Tethys secures key regulatory approval to bring Kazakh wells on stream

Kazakhstan-focused junior Tethys Petroleum reported on October 18 it had secured a key regulatory approval to launch oil production at three new wells in the Central Asian country.

Iraq inks deal to import Turkmen gas using swaps with Iran

Novatek gas sales down 2.3% in 9M 2024

Natural gas sales at Russia’s Novatek were down 2.3% year on year at 56.16bn cubic metres in January through September, as the company continues its search for buyers for LNG from the sanctioned Arctic LNG-2 project.

FSUOGM: Russia seeks to boost domestic gas sales on the exchange

Russian gas supply to China could reach 85 bcm by 2030, says Gazprombank

Russian gas pipeline and LNG exports to China could reach 85bn cubic metres by 2030, according to analysts from Gazprombank’s Centre for Economic Forecasting (CEP).

Russia's Komi region faces tax losses after Lukoil closes down offices

Russia’s northeast Komi region stands to lose significant tax income as a result of Lukoil’s decision to merge its production unit based there with another subsidiary in the Perm region.

Russia ramps up NSR oil shipments to China by 30% this year

Russian oil exporters have increased their shipments via the Northern Sea Route to China by 30% this year to 1.9mn tonnes.

EU's Simson urges bloc to continue cutting Russian gas

The EU must ensure it reverses the trend of rising Russian gas imports seen this year and follow through on its commitment to eliminate those imports entirely by 2027.

EC says Europe ready for cut-off of Russian gas transit through Ukraine

European Commissioner Kadri Simson said this week that the European Union is ready for the gas transit agreement between Ukraine’s Naftogaz and Russia’s Gazprom to expire at the end of this year.

Kazakhstan to boost oil output with tanker shipments via CPC expected to go up

Kazakh government approves plan for infrastructure projects and reforms through to 2029

Kashagan operators reject QazaqGaz claims on oil output increasing in relation to new gas processing facility

Oil shipments on Russia’s Northern Sea Route to China up 30% in 2024

Russian oil companies have increased their shipments via the Northern Sea Route (NSR) to China by 30% to 1.9mn tonnes as of the beginning of October 2024.

Russia to seek €1bn damages from Shell for Sakhalin pullout

The Russian Prosecutor General's Office has demanded to recover more than €1bn in damages from the Dutch-British oil major Shell.

Azerbaijani national appointed bp’s SVP for production

Azerbaijani national Elkhan Mammadov has been appointed senior vice president of production at BP, beginning December 2, 2024, according to the press release from the company.

Don't hold your breath for Central Europe to give up Russian oil any time soon

Hungary and Slovakia’s reluctance to quit Russian oil is consistent with their broader defence of continued economic ties with Russia.

Kazakhstan plans to more than quadruple petrochemical output capacity by 2030

SOCAR sees a decline in oil and gas production for 9M24

According to operational data, from January to September of this year, Azerbaijan produced 21.6mn tonnes of oil (including gas condensate).