Russia & CIS

EU Parliament Approves Legal Option to Block Russian LNG Imports

The European Parliament voted on Thursday to pass rules allowing European governments to ban Russian LNG imports, by preventing Russian firms from booking gas infrastructure capacity.

White House Considers Ending LNG Export Pause for Ukraine Aid, Sources Say

U.S. officials are open to ending President Joe Biden's pause on approvals of LNG exports to get a Ukraine aid package passed in Congress, but want to wait to see the entire proposal before making any decisions, two White House sources said on Tuesday.

Russia's Arctic LNG 2 Suspends Gas Liquefaction Amid Sanctions, Tanker Shortage

Novatek, Russia's largest producer of LNG, has suspended production at its Arctic LNG 2 project due to sanctions and a shortage of gas tankers, two sources familiar with the matter told Reuters on Tuesday.

Gazprom Utilizes Replacement Vessel for Gas Loadings Amid Ship Repair

Russia's Gazprom is using a replacement vessel for ship-to-ship loadings of LNG from its Portovaya LNG plant on the Baltic Sea while another ship is repaired, LSEG data showed on Monday.

Gazprom Acquires Former Shell Stake in Sakhalin Energy for $1 Billion

Kremlin-controlled energy giant Gazprom has acquired a 27.5% stake, formerly owned by Shell, in Russian LNG producer Sakhalin Energy for around $1 billion, according to a government order.

Editor’s Notebook: Nord Stream’s $20 Billion Question

It has been more than two years since the attack on the Nord Stream pipelines and still nobody knows for sure who were the perpetrators – or if they do, they are not saying so publicly.

Canada Signs Hydrogen Deal with Germany to Counter Russian Energy Dependency

Canada, citing the need to shun Russian energy, on Monday signed an agreement with Germany that it said would accelerate work towards the commercial-scale trade of clean hydrogen fuel.

KazTransOil to Increase Tengizchevroil Oil Exports via BTC Pipeline

Kazakhstan's KazTransOil said on Friday that it plans to increase exports of Tengizchevroil's oil via the Baku-Tbilisi-Ceyhan pipeline to 140,000 tons in April from 130,000 tons in March.

Ukraine Declines Extension of Russian Gas Transit Deal

Ukraine said on Sunday it does not plan to prolong a five-year deal with Russia's Gazprom on the transit of Russian gas to Europe or to sign another one.

Russia's Gazprom Seeks Over $900 Million in Gas Dispute Damages from Polish Companies

In 2022, Poland terminated its agreement with Russia to receive Russian gas via the Yamal gas pipeline after Warsaw rejected a demand to pay for the fuel in rubles and Moscow responded by cutting off supplies.

Nord Stream Sues Insurers in London Over 2022 Pipeline Explosions

Nord Stream is seeking more than $436 million from its insurers over explosions in 2022 which ruptured pipelines designed to transport Russian gas to Germany, court filings show.

Turkish Oil Terminal Stops Accepting Russian Imports Amid U.S. Sanctions Pressure

One of Turkey's mid-sized Mediterranean oil terminals - the Dortyol terminal - will no longer accept Russian imports after receiving record volumes last year, amid an increase in sanctions pressure by the United States.

Global News March 2024

Latest industry developments from around the world!

Russia to Ban Gasoline Exports for Six Months Starting March 1

Russia on Tuesday ordered a six-month ban on gasoline exports from March 1 to keep prices stable amid rising demand from consumers and farmers and to allow for maintenance of refineries in the world's second largest oil exporter.

Denmark Ends Probe Into 'Deliberate' Nord Stream Pipeline Blasts

Denmark has dropped its investigation into the explosions in 2022 on the Nord Stream pipelines carrying Russian gas to Germany, police said on Monday, becoming the second nation to do so after Sweden closed its own inquiry.

EU Sees No Need to Extend Deal on Russian Gas Transit via Ukraine

The European Union sees no need to extend an agreement to transport Russian gas to Europe via Ukraine, ahead of the contract's planned expiry at the end of the year, the bloc's energy policy chief said on Thursday.

Shell Forecasts 50% Surge in Global LNG Demand by 2040

Global demand for liquefied natural gas (LNG) is estimated to rise by more than 50% by 2040, as China and countries in South and Southeast Asia use LNG to support their economic growth, Shell said on Wednesday.

Russia Extends Permit for LNG Supplies to Germany's SEFE Until 2040

The Russian government has extended a permit for its Yamal LNG plant to supply LNG to German nationalized gas importer and trader SEFE until Dec. 31, 2040, according to a government document published on Friday.

Arctic LNG 2's Third Line on Hold, TotalEnergies CEO Says

The third and the last train of the Arctic LNG 2 project in Russia has been put on hold but the second train is likely to be installed, the head of stakeholder TotalEnergies said.

Kazakhstan Doubles Amount of Oil Circumventing Russia

Kazakhstan almost doubled oil exports circumventing Russia's ports in 2023 to 3.73 million metric tons (74,600 barrels per day) from 1.91 million tons in 2022, according to industry sources and Reuters calculations.

Global News February 2024

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Russia’s Planned Gas Pipeline to China Faces Construction Delay

Mongolian Prime Minister L. Oyun-Erdene said construction of Russia's planned new Power of Siberia-2 gas pipeline to China, which was expected to start this year, may be delayed.

Germany's SEFE Eyes Global LNG Expansion After Securing $55 Billion Gas Deal in Norway

Fresh from clinching a $55 billion pipeline gas deal in Norway last month, Germany's SEFE is looking for more suppliers to offer liquefied natural gas (LNG) for its customers, its CEO told Reuters on Thursday.

Ust-Luga Port in Russia Continues Crude, Fuel Exports Despite Novatek Terminal Closure

The Baltic Sea port of Ust-Luga was exporting crude oil and fuel on Tuesday apart from at Novatek's terminal which remained closed after being damaged by fire, according to data from LSEG and industry sources.

Global Pipeline Construction Outlook 2024: New LNG Terminals Sound Beckon Call for More Pipelines

(P&GJ) — It comes as little surprise to those in midstream that during the past year we have continued to see LNG initiatives garner more attention than pipeline projects. However, terminal construction drives new pipeline construction.

Russia's Arctic LNG 2 to Ship First LNG Cargo to Asia Despite U.S. Sanctions

Russia's Arctic LNG 2 project is set to load its first LNG tanker for Asia at the end of January, two industry sources said on Tuesday, despite disruptive U.S. sanctions, while initial volumes are expected to be small.

Bulgaria Replacing Russian Crude with Oil from Kazakhstan, Iraq, Tunisia

Bulgaria is replacing Russian oil imports with crude from Kazakhstan, Iraq and Tunisia in January, according to traders and LSEG data.

Gazprom Sets Daily Gas Supply Record to China via Power of Siberia Pipeline

Russian energy giant Gazprom said on Wednesday it set a new daily record the previous day for gas supplies to China through the Power of Siberia pipeline.

Russian Pipeline Gas Exports to Europe Down 56% in 2023

Natural gas supplies to Europe by Russian energy giant Gazprom were down 55.6% to 28.3 billion cubic meters (Bcm) in 2023, Reuters calculations showed on Tuesday.

Global News January 2024

Latest industry developments from around the world!