FSUOGM - Former Soviet Union Oil & Gas

29 October 2024

Russia’s Arctic LNG 2 shuts down for winter as sanctions bite

28 October 2024

Russian state-run firm Novatek has shut down its Arctic LNG 2 plant in northwestern Siberia for the winter months.

Gazprom to untap Eastern Siberian "white" hydrogen potential

28 October 2024

Gazprom is assessing the potential for extracting natural, so-called “white” hydrogen from its natural gas fields in Eastern Siberia, the head of the Russian state company’s hydrogen-focused subsidiary said at a conference in Moscow.

Russian gasoline prices set for continued decline till year-end

28 October 2024

Wholesale gasoline prices in Russia began falling in the second half of this month after a spike in September, with expectations that this decline will continue throughout the rest of the year.

Deadline for booking Russian gas transit through Ukraine passed in July, says Putin

28 October 2024

The deadline for booking Russian gas transit capacity via Ukraine next year already passed in July, according to Putin.

EU Parliament calls for bloc to end reliance on Azeri gas

28 October 2024

MEPs have called for the EU to scrap plans to double Azeri gas shipments – a central part of the plan to eliminate remaining Russian supplies.

Turkmenistan cuts methane emissions by 10% in 2020-23

28 October 2024

Turkmenistan managed to reduce its methane emissions by 10% in 2023 versus the level three years earlier.

SOFAZ reports stock portfolio gains and substantial budget transfers as of October 2024

28 October 2024

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has earned $6.4bn from its stock portfolio since its inception until September 30, 2024.

Azerbaijan's oil and gas production rises in January-September 2024, while crude output declines

28 October 2024

In the first nine months of 2024, Azerbaijan produced a total of 25.98 bcm of natural gas from its gas fields, reflecting a 5.61% increase y/y.

China overtakes Europe in Russian pipeline gas exports

23 October 2024

Russian natural gas giant Gazprom exported 23.7bn cubic metres of natural gas to China in 9M24, up by 40% year on year, according to Bloomberg calculations.

Serbia negotiates new long-term gas deal with Russia

22 October 2024

Serbia’s President Aleksandar Vucic has reached an agreement with Russian President Vladimir Putin on favourable gas prices and plans to discuss a long-term supply arrangement, Vucic announced on October 21.

Azerbaijan's GL Group takes 25% in Turkey’s Thrace Basin gas field

22 October 2024

Azerbaijan’s first privately owned energy company, GL Group, has acquired a 25% stake in a Canadian company operating Thrace Basin Block F17-b4 in northwestern Turkey, Gazelle Energy Ltd.