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Warm weather could leave Argentina with surplus of LNG this winter

27 June 2023

Argentina is facing a potential surplus of LNG due to an unusually warm winter in the Southern Hemisphere.

Swedish investigators may hold back intel from Nord Stream probe

27 June 2023

Authorities in Sweden have said that some materials from their investigation into the blowing up of the Nord Stream gas pipelines last autumn may be kept secret, Russian media reported last week.

US to approve record volume for new LNG projects this year

27 June 2023

US LNG developers are on schedule to approve three export projects before the end of summer Reuters reported on June 24.

Kazakhstan strikes deal to expand oil supplies to German refinery

27 June 2023

The agreement was reached between Kazakhstan’s state-owned oil company KazMunayGas (KMG) and Rosneft Deutschland, the former subsidiary of Russia’s Rosneft that holds refining assets in Germany now under the control of the Federal Network Agency.

Bill for Novatek’s Arctic LNG-2 grows to $25bn

27 June 2023

The cost of Russia’s gas major Novatek Arctic LNG-2 project has risen to around $25bn, or by 17% from the originally announced $21.3bn, Kommersant daily reported citing unnamed sources.

Russia’s FinMin considers Dubai oil price peg

27 June 2023

Russia’s Finance Ministry is considering the idea of using Dubai oil blend as the reference for Urals blend fiscal calculations instead of Brent, Vedomosti daily reported citing the deputy FinMin Alexei Sazanov.

Naftogaz takes Russia to court in US over lost Crimean assets

27 June 2023

Ukraine’s state-owned energy firm Naftogaz announced on June 23 that it had launched legal proceedings in the US with the aim of recovering $5bn from Russia to cover compensation for damages and lost property in Crimea.

Putin extends decree on measures to punish compliance with Western price caps

27 June 2023

Russian President Vladimir Putin has signed a decree extending measures to punish entities that abide by Western price caps on the country’s crude oil and petroleum product exports.