FSUOGM - Former Soviet Union Oil & Gas
EU begins phased termination of Russian gas contracts
The EU has begun to phase out its remaining imports of Russian natural gas on February 3 and plans to end all gas imports by the start of 2027 when a ban on Russian gas imports is due to come into effect.
Kazakhstan's exports of crude and gas condensate fall by 29.6% m/m in January
Kazakhstan's exports of crude oil and gas condensate in January reportedly fell to 3.8mn tonnes, equivalent to about 0.91mn barrels a day (bpd), from 5.4mn tonnes (1.3mn bpd) in December.
Moldova cuts regulated end-user gas prices by 14-28%
Moldova’s energy regulator has approved significant reductions in regulated natural gas prices for all categories of consumers, cutting end-user tariffs by between nearly 14% and more than 28%, following lower procurement costs.
EU regulation banning Russian gas imports enters into force on February 3
The EU’s regulation to fully phase out natural gas imports from Russia under the REPowerEU plan will take legal effect on February 3, the European Commission..
US slashes tariffs on Indian exports after trade accord
The US agreed to slash tariffs on India from 50% to 18% after reaching a trade agreement on Indian exports and removing additional penalties added last year for importing Russian oil.
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