FSUOGM - Former Soviet Union Oil & Gas
Ten EU members call for ban on Russian pipeline gas and LNG
Ten member states of the European Union have prepared a document asking the bloc to ban imports of Russian pipeline gas and LNG.
Uncertainty at Russia’s largest shipyard Zvezda
Uncertainty at Russia’s largest shipyard Zvezda
CPC pipeline cuts flow estimate for 2024
The Caspian Pipeline Consortium, which delivers Kazakh oil through Russia to the Black Sea coast, was seen pumping an estimated 64.4mn tonnes of oil in 2024.
Lukoil starts trial operations at Western Siberian field
Russia’s second-biggest oil producer Lukoil has commenced trial operations at the Severo-Yagunskoye field in the country’s oil production heartland of Khanty-Mansiysk in Western Siberia.
Socar sells Turkey gas grid units to Aksa Dogalgaz
Germany secures Russian shadow fleet oil tanker stranded off coast
Germany successfully secured a heavily loaded tanker stranded off its northern coast on January 12, towing the vessel – described as part of Russia's sanctions-evading "shadow fleet" – to prevent a potential oil spill.
TurkStream is now the only route for Russian gas to Europe
CPC oil pipeline transport outcome below Kazakhstan's 2024 target but above 2023 record performance
Kazakh court imposes nearly $7mn fine on Kashagan operator over environmental violations
Oil up as China, India set to feel effects of US sanctions on Russia
Oil prices have risen for a third straight session as the price of Brent surpassed $81 per barrel on October 13. This is its highest level in over four months.
“Farewell” Biden sanctions aim at Russian oil majors Surgut and Gazprom Neft
The US Department of Treasury’s OFAC on January 10 sanctioned Russian “oil dinosaur” SurgutNefteGas (Surgut or SurgutNG) and Gazprom Neft, the oil arm of natural gas giant Gazprom, along with 183 shadow fleet tanker transporting Russian oil.
Serbia plans to buy out Russian stake in NIS following US sanctions
Sanctions reignited debates over Serbia’s foreign policy, as the country navigates its historic ties with Russia while facing Western pressure to align with EU and Nato policies.
Azerbaijan suspends gas flows to Serbia
Azerbaijan has halted gas deliveries to Serbia, leaving the Balkan nation without 1.7mn cubic meters of daily supply.
Kashagan consortium faces $6.6mn in fines for unauthorised gas flaring
The Astana court has ruled that the North Caspian Operating Company, developing Kazakhstan's Kashagan oilfield, must pay a total of KZT3.55bn ($6.6mn) in damages for unauthorised gas flaring.
Swiss court gives Nord Stream 2 operator more time to avoid bankruptcy
A Swiss court has ruled to extend the deadline for the Russian operator of the part-destroyed Nord Stream 2 gas pipeline to restructure its debts from January 10 until May 9.
Russian producer cut drilling amid rising costs, falling prices and OPEC+ restrictions
Rising production costs, OPEC+ restrictions and falling oil prices have led Russian operators to significantly reduce new well development and operational drilling.
EU gas prices hover near $500 per 1,000 cubic metre mark following end of transit through Ukraine
European natural gas prices have averaged just under $500 per 1,000 cubic metres so far this month, about 50% higher than the same period of last year.
BP reports disruption at Shah Deniz field in Azerbaijan
BP has halted operations at the Alpha offshore platform on the Shah Deniz gas condensate field in response to a technical fault in the subsea pipeline transporting gas condensate to the Sangachal terminal.
Russian scientist proposes three ways to extinguish flames of Turkmenistan’s “Door to Hell” gas crater
US imposes toughest oil sanctions ever on Russia to improve Ukraine and Trump’s leverage in mooted ceasefire talks
The Biden administration has unveiled its most extensive sanctions on Russia’s oil and gas business yet in a bid to give Ukraine and the incoming Trump admiration more leverage in widely expected ceasefire talks that may start soon.
FSUOGM: Rosneft surpasses Sberbank in market cap
Russia’s Peskov points finger at Moldova, Ukraine for energy crisis in Transnistria
Russian President Vladimir Putin's press secretary Dmitry Peskov on January 9 claimed that the Moldovan and Ukrainian authorities are responsible for the deadlock in the supply of Russian gas to Moldova's separatist region of Transnistria.
EU imports of LNG from Russia hit record high in 2024
Europe’s addiction to Russian LNG continued in 2024, with the EU purchasing a record 17.8mn tonnes of the super-chilled fuel from Russia.
Driver’s "shoes" protest over gasoline station closure sparks public debate in Uzbekistan
BALKAN BLOG: Giving free energy to Transnistria could thwart Russia’s plans for Moldova
Energy crisis threatens to undermine confidence in the pro-EU government in Chisinau, paving the way for a Kremlin-backed party to take power after the 2025 general election.
Pipeline operator’s oil shipment figures to Russia highlight Kazakhstan failure to diversify export routes
UAE investor plans oil refinery in Armenia
Russia’s Gazprom confirms 2025 investment programme, guidance
On December 24 the board of Russian state natural gas giant Gazprom confirmed the investment programme for 2025 at RUB1.52 trillion.
Azerbaijan's State Oil Fund faces revenue dip from Shah Deniz, ACG
Azerbaijan’s State Oil Fund (SOFAZ) generated $442.085mn last year from the Shah Deniz gas-condensate field, indicating about a 66% decrease compared to the previous year.
Kazakhstan’s transit of Russian oil to Uzbekistan and China amounts to 10.2mn tonnes in 2024
Energy crisis in Moldova’s separatist Transnistria escalates
Russia-backed separatists step up their propaganda blaming the pro-EU government in Chisinau for the crisis.
Ukraine increases 2024 domestic gas production for second year in a row
Ukraine’s natural gas production grew for the second year in a row, up by 2.2% in 2024 to 19.12bn cubic metres, UBN reports, as Kyiv continues to try to meet its energy needs without importing Russian gas.
US gains most from "energy market redivision" in Europe, says Russian foreign ministry
The US has gained the most from the "redivision of the energy market” in Europe, Russian Foreign Ministry spokesperson Maria Zakharova told Russian media on January 2.
Rosneft surpasses Sberbank in market cap
Russia’s largest oil producer Rosneft surpassed the country’s largest bank Sberbank in market capitalisation during trading on the Moscow stock exchange on December 19.
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