FSUOGM - Former Soviet Union Oil & Gas
Russian fossil fuel revenues slip as CREA calls for tighter price cap enforcement
Russia’s fossil fuel export revenues fell 3% month-on-month in July to €585mn a day, as weaker crude oil and LNG sales offset a sharp rise in pipeline gas income, according to the July monthly update on Russia’s oil trade from CREA.
Naftogaz wins Austrian court approval to seize Russian assets worth over €120mn
Ukraine’s state-owned Naftogaz Group has secured permission from an Austrian court to enforce a $5bn arbitral award against Russia, in the latest step in its effort to recover compensation for the seizure of its assets in Crimea.
Finland charges crew of suspected Russian shadow fleet tanker for subsea cable damage
Finland has filed criminal charges against the captain and two officers of the Eagle S oil tanker, accused of damaging five undersea cables in the Gulf of Finland last December.
Turkey’s natural gas network to reach 250,000 km by 2026
Turkey’s natural gas sector is poised for significant expansion, with the total length of the distribution network expected to reach 250,000 kilometres (155,343 miles) by the end of 2026, business daily Ekonomim has reported.
Kazakhstan’s coal reserves projected to last up to 300 years, study finds
Kazakhstan’s proven coal reserves are estimated at 25-33bn tonnes and could last 200 to 300 years depending on production levels, The Times of Central Asia reported on August 11, citing an analytical study by the Caspian Commodity Exchange.
Russia attempts to restart Arctic LNG 2 terminal with another tanker loading
Another sanctioned tanker from Russia’s ghost fleet has loaded at the Sabetta facility but there remains no indication a buyer has been found.
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