FSUOGM - Former Soviet Union Oil & Gas
Gazprom is still struggling to achieve growth after posting first loss in decades in 2023
Last LNG carriers head back to Yamal as navigation through eastern NSR ends for this year
Navigation in the eastern sector of the Northern Sea Route for 2024 has concluded as the last LNG tankers from Yamal LNG return from China.
Rosneft's IFRS net profit down 14% in 9M
Rosneft reported a net profit of RUB926bn under International Financial Reporting Standards for the first nine months of this year, marking a 13.9% decline year on year.
Kazakh businessmen acquire mothballed gas processing plant
Kazakhstani businessmen Kens Rakishev and Baikadam Ablasanov have acquired a mothballed gas processing plant previously owned by Moldovan businessman Anatol Stati, who was embroiled in a lengthy legal battle with the Kazakh government.
Russia starts stripping Germany's Linde of assets
Germany’s Linde, which ceased operations in Russia citing sanctions, has begun losing its assets in the country after failing to win a series of legal battles with Russian contractor RusKhimAlliance.
Turkey seeks US sanctions waiver to pay for Russian gas
Turkey is negotiating with the United States to secure a waiver from sanctions that Washington introduced last week against Russia’s Gazprombank, an affiliate of Gazprom, Moscow’s gas monopoly.
Saudi Arabia gains Asian oil market share as Russian exports decline
Saudi Arabia strengthened its position in Asia's oil market in November, while Russian exports to the region fell to their lowest level since January, according to LSEG Oil Research data, signalling a potential shift in regional market dynamics.
Gas prices rising as EU storage tanks empty faster than usual
Gas withdrawals from EU underground storage tanks have accelerated as Europe suffers from the first cold snap of winter. Gas tanks were 85.5% full as of December 1, having peaked at 95.3% full on October 29, according to Gas Infrastructure Europe.
Azerbaijan says BTC pipeline cannot accommodate more than 2.2mn tonnes of Kazakh oil exports annually
Moldova’s market regulator hikes natural gas price by 27%
Moldova’s National Energy Regulatory Agency (ANRE) has approved a 27% hike in natural gas tariffs for final consumers, raising the rate to MDL 15.5 per cubic metre.
FSUOGM: Turkey seeks US waiver from Gazprombank sanctions
India's ONGC Videsh Ltd acquires stake in Azerbaijan’s ACG field, BTC pipeline for $60mn
ONGC Videsh, a subsidiary of Indian state energy firm ONGC, has finalised the purchase of a 0.615% stake in Azerbaijan’s Offshore Azeri-Chirag-Gunashli (ACG) field from Equinor, alongside a 0.737% share in the Baku-Tbilisi-Ceyhan (BTC) pipeline.
Russia removes MET for hard-to-recover Yamal gas projects
Russian President Vladimir Putin has signed a law eliminating the mineral extraction tax (MET) on natural gas and gas condensate extracted from Achimov and Jurassic deposits on the Yamal Peninsula.
Lukoil completes upgrades to lubricants complex in Tver
Russia’s Lukoil has completed the modernisation of its lubricant production complex in Torzhok, in the Tver region, and officially inaugurated the facility on November 28.
Russia, Kazakhstan consider prospect of sale of Germany's Schwedt refinery
Russia and Kazakhstan are considering the possibility of Rosneft selling its stake in the PCK Raffinerie in Schwedt, eastern Germany, Russian President Vladimir Putin said on November 28 during a state visit to Kazakhstan.
Kazakhstan raises oil transport tariff
Investigation led by International Consortium of Investigative Journalists reveals how Western oil companies benefited Nazarbayev son-in-law
Putin’s talks with Kazakh officials during Astana visit focus on energy ties and trade
Russia plans to temporarily lift gasoline export ban
The Russian government is expected to approve a resolution in the coming days allowing oil refineries to export gasoline for two months, from December 1 until January 31 next year.
Putin reiterates Russian commitment to boosting gas supplies to Uzbekistan via Kazakhstan
Saneg opens first company-operated petrol station in Tashkent
Caspian oil export terminal ready to boost crude sales, Iranian officials say
The managing director of the Iranian Oil Terminal Co. (IOTC) said Iran’s Caspian Sea export terminal had boosted its capacity to 200,000 barrels per day to keep oil and condensate exports on track.
Putin arrives in Kazakhstan
EuroChim Karatau to open fertiliser plant in Kazakhstan by 2027
Gazprom reportedly conditions gas supplies to Moldova on $708mn claim
Gas giant wants Moldova to repay disputed debt or risk losing Russian gas supplies after expected closure of Ukrainian route.
Azerbaijan's oil and gas transportation revenue shows mixed trend in January-September
Azerbaijan's revenues from oil and gas transportation through its main pipelines showed contrasting trends in the first nine months of 2024.
Russian gas flow through Ukraine continues to be stable
Russian natural gas flow to Europe via Ukraine remained stable on November 27, despite Gazprom cutting off supply to Austria’s OMV over non-payment earlier this month.
Turkey seeks US waiver from Gazprombank sanctions
Turkey is seeking a waiver from US sanctions on Russia’s state bank Gazprombank, which plays a critical role in facilitating payments for Russian natural gas supplies.
Turkey warns US sanctions on Gazprombank could jeopardise its energy security, seeks exemption
OPEC Fund signs $30mn loan agreement with Ipak Yuli Bank to support MSMEs in Uzbekistan
Ukraine to launch several new biomethane plants amid growing market potential
Ukraine is set to expand its biomethane production capacity, with several new plants planned for construction.
Ukraine cuts gas imports by 86% as domestic production rises
Ukraine has significantly reduced its reliance on gas imports, cutting volumes by 86% in the first half of 2024 after increasing domestic production.
Russian climate projects to generate up to 85mn carbon credits
Climate projects that have been included in Russia’s carbon unit registry have the potential to generate 84.7mn carbon credits.
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