Russia & CIS

Global News September 2023

Latest industry developments from around the world!

Moldova Will No Longer Buy Gas from Russia's Gazprom

Much of Moldova will no longer buy gas from Russian energy giant Gazprom, Moldovan Energy Minister Victor Parlicov said on Monday, referring to parts of the country that capital Chisinau controlled and not breakaway areas.

Oil Pipeline Rupture in Western Ukraine Injures Nine, Triggers Fire

An oil pipeline ruptured in western Ukraine on Saturday, injuring nine people, including four children, and triggering a large fire, the regional governor said.

Russian Oil Producers Send CPC Blend to UAE, Open New Export Route

Russian oil producers supplied their first cargoes of CPC Blend crude to the United Arab Emirates (UAE) in August and September, four traders told Reuters, opening up a new export route as Moscow looks to find new customers and skirt Western sanctions.

Sources: Sinopec Buys Over 30 LNG Cargoes for Winter Demand, Trading

China's Sinopec Corp has bought more than 30 cargoes of LNG via a tender for October 2023 to the end of 2024 to cover Chinese winter demand and boost the supply pool for trading, traders said.

Former CFO of Russian Natural Gas Firm Novatek Sentenced to 7 Years in US Prison

A former deputy chief of Russian natural gas producer Novatek was sentenced on Thursday to seven years and two months in a U.S. prison for a scheme to hide millions of dollars of income in undisclosed Swiss bank accounts and submitting a false filing.

Japan's Mitsui to Comply with Arctic LNG 2-Related U.S. Sanctions

Japan's Mitsui said on Saturday it is committed to complying with restrictions in the wake of fresh U.S. sanctions related to Russia's Arctic LNG 2 liquefied natural gas project in which it holds a stake.

Sources: Disagreements Delay Russian Gas Hub Plans in Turkey

Russia's push to create a "gas hub" in Turkey to replace lost sales to Europe is facing delays because of disagreements over who should be in charge of it, two sources familiar with the project told Reuters.

Gazprom Delivers Its First LNG Cargo to China Via Arctic

Russian energy giant Gazprom delivered its first cargo of LNG via the Arctic Northern Sea Route to China on Thursday, according to LSEG data, a month after it started the delivery.

Russia's Gazprom to Launch Two Amur Gas Processing Lines in 2024

Gazprom, Russia's largest natural gas company, plans to launch two more processing lines at the Amur gas processing plant early next year, Vitaly Markelov, deputy head of the company told the Russian TASS news agency on Monday.

Russia Finalizing Power of Siberia-2 Gas Pipeline Route to China, Novak Says

Russia is finalizing the route of the China-bound Power of Siberia-2 gas pipeline, which is intended to traverse Mongolia, Deputy Prime Minister Alexander Novak wrote in the energy ministry's in-house magazine, published on Wednesday.

EU Has No Immediate Plans to Ban Russian LNG, Says Spain's Ribera

The European Union has no short-term plan to ban Russian LNG despite soaring imports to the bloc, Spain's energy minister said, citing fears of another price spike.

Vitol CEO: Bunker Fuel Market to Convert to LNG in Next 10 Years

The global bunker fuel market is expected to convert substantially to LNG over the next 10 years, said Russell Hardy, chief executive of the world's largest independent oil trader, Vitol.

Black & Veatch Expects Floating LNG Capacity to More Than Quadruple by 2030

U.S.-based engineering and construction group Black & Veatch (B&V) said on Monday it expects global floating LNG capacity to increase more than four-fold to 46.4 million metric tons per annum (MTPA) by 2030, as they have become competitive with fixed terminals for smaller fields.

Gazprom Drives Over Half of China's Gas Import Surge, CEO Says

Alexei Miller, the chief executive of Russian gas giant Gazprom, said on Thursday that the company accounts for more than half the increase in China's gas imports this year, without providing figures.

LNG Imports from Russia Rise, Despite Cuts in Pipeline Gas

European Union countries have increased their imports of LNG from Russia compared with before the Ukraine war, despite the EU's aim to quit Russian fossil fuels within a few years, an analysis by campaigners showed.

Global News August 2023

Latest industry developments from around the world!

EU to Open Third Round of Joint Gas Buying in September

The European Union will open its third round of joint gas buying next month, as the bloc moves to secure supplies in preparation for another winter with scarce Russian gas.

Gazprom's First LNG Cargo Via Arctic Destined for China's Jingtang

An LNG cargo from Russia's Gazprom being sent via the Northern Sea Route (NSR) for the first time is destined for the Chinese port of Jingtang, Refinitiv ship tracking data shows.

Russia's Arctic-2 LNG Set to Start Production During 2023, CNOOC Says

Russia's Arctic-2 LNG project, in which China's CNOOC Ltd. holds a 10% stake, is proceeding as planned with first phase to start operation during this year, senior company executives said on Friday.

Poland Successfully Repairs Leaked Druzhba Oil Pipeline

Polish pipeline operator PERN said on Tuesday that it had restored the Druzhba oil pipeline to full functionality as expected after discovering a leak.

Poland Detects Leak in Russia's Druzhba Oil Pipeline

Polish pipeline operator PERN said it had halted pumping through a section of the Druzhba pipeline, which carries oil from Russia to Europe, after detecting a leak in central Poland on Saturday, but it expects flows can be resumed on Tuesday.

Wintershall Dea CEO Says Exiting Russia Gets Harder by the Day

Mario Mehren, CEO of Wintershall Dea, stated that the company's exit from Russia, announced in January, is challenging due to deep ties, including a stake in the Nord Stream gas pipeline shipping gas directly from Russia to Germany.

Russia's Putin Approves Departure of Arctic LNG 2's First Line to Production Site

Russian President Vladimir Putin approved Arctic LNG 2's first line departure via the Northern Sea Route from the Murmansk region to its future production site on the Gydan peninsula, the Kremlin said on Thursday.

Global News July 2023

Latest industry developments from around the world!

Global Construction Update: LNG Markets, Resurgent China Kindle Pipeline Projects

(PGJ) — Global midstream markets continue to face near-term headwinds and economic uncertainties, but Europe’s rapid transition from Russian energy and projected higher demand in Asia continue to drive midstream expansion in those regions and others that supply them.

Brent Oil Hovers Above $81 After Supply Disruptions

Global benchmark Brent crude hovered above $81 a barrel on Friday, with bullish sentiment over U.S. demand bolstered by supply disruption in Libya and Nigeria.

Russia Bans Tiny US-based NGO for 'Sabotaging' Vast Gas Pipeline

Russia accused a small U.S.-based charity on Wednesday of "sabotaging" the construction of a huge gas pipeline to China and banned it as an "undesirable organization."

PetroVietnam Gas Talking to Exxon Mobil, Novatek on LNG Supply

PetroVietnam Gas said it was in separate talks with U.S. energy giant Exxon Mobil and Russia's Novatek on LNG cooperation, as it seeks to secure long-term supplies for Vietnam's future LNG-fired power plants.

Russia to Cut Oil Exports by 500,000 bpd in August

Russia will cut oil exports by 500,000 barrels per day (bbl/d) in August, President Vladimir Putin's point man on oil said on Monday, as Moscow seeks to nudge up global oil prices in concert with Saudia Arabia.