Russia & CIS
Kazakhstan's KMG Starts Shipping Oil Via Caspian Sea to BTC Pipeline
Kazakhstan's state Kazmunaigaz (KMG) has started shipping oil to the BTC (Baku-Tbilisi-Ceyhan) pipeline in Azerbaijan, three sources familiar with the matter told Reuters, as it seeks alternatives to exporting via Russian ports.
Russia Hopes to Seal Power of Siberia 2 Deal with China This Year
Moscow is eyeing the 2,600 km (1,620 mile) pipeline — which would have a capacity of 50 Bcm of gas per year — as a way to replace lost exports to Europe.
Explainer: Does China Need More Russian Gas Via the Power-of-Siberia 2 Pipeline?
Russian President Vladimir Putin and Chinese leader Xi Jinping met in Moscow for two days of talks which ended Tuesday, during which they discussed a major new infrastructure project, Power-of-Siberia 2, to deliver gas to China via Mongolia.
China Strengthened Energy Ties With Russia Through Oil and Gas Purchases in 2022
Putin, Xi and the president of Mongolia held talks in September 2022 on a proposed new Power of Siberia 2 pipeline capable of delivering 50 bcm of gas per year from Russia to China via Mongolia. Moscow put forward the idea many years ago, but it has gained urgency as Russia turns to China to replace Europe as its major gas customer.
Romania’s Transgaz to Build $529 Million Gas Pipeline for Black Sea Gas
The gas pipeline is meant to bring offshore Black Sea gas to the national grid once two gas producers make a final investment decision, Prime Minister Nicolae Ciuca said on Thursday.
Mongolia to Decide on Gas Pipeline Route After Russia-China Cost Agreement
Mongolia will make a decision on which part of its territory will be used to construct the Russia-China gas pipeline once its neighbors reach an agreement on costs, the country's prime minister said.
Nord Stream Owners Discuss Pipeline Repairs, Says E.ON
Shareholders of the Nord Stream 1 pipeline operator are discussing how to seal and empty the damaged gas pipeline to halt corrosion from sea water, said the chief financial officer of E.ON, one of the owners.
Putin Says Germany Remains "Occupied" Due to Response to Nord Stream Pipeline Explosion
Russian President Vladimir Putin said Germany's response to the explosion on North Sea pipelines showed that the country remained "occupied" and unable to act independently decades after its surrender at the end of World War Two.
Norway Does Not Fear EU Joint Gas-Buying Will Create Cartel
Europe's biggest natural gas supplier Norway is not worried the European Union scheme to buy gas jointly in global markets will create a buyers' cartel, its oil and energy minister said on Friday.
Ukraine to Jointly Buy Gas with European Union Countries
Ukraine will take part in the European Union scheme to jointly buy gas in global markets, to procure 2 billion cubic meters of the fuel ahead of next winter, the EU energy policy chief said on Thursday.
German Minister: Nord Stream Attacks May be 'False Flag' Operation
German Defence Minister Boris Pistorius on Wednesday warned against reaching premature conclusions on who was responsible for blowing up the Nord Stream pipelines, suggesting the attack could also have been a "false flag" operation to blame Ukraine.
Alaska's Qilak LNG Targets Asia with $5 Billion Project to Compete with Russia
Qilak LNG plans to invest $5 billion in a proposed LNG facility in Alaska's North Slope to compete with Russia's Yamal project for Asian customers towards the end of this decade, its chief executive said.
US Intelligence Suggests Pro-Ukrainian Group Sabotaged Nord Stream Pipelines -NYT
New intelligence reviewed by U.S. officials suggests that a pro-Ukrainian group carried out the attack on the Nord Stream pipelines last year, the New York Times reported on Tuesday.
Sources: Russia Set to Mothball Damaged Nord Stream Gas Pipelines
Russia's ruptured undersea Nord Stream gas pipelines are set to be sealed up and mothballed as there are no immediate plans to repair or reactivate them, sources familiar with the plans have told Reuters.
Global News - March 2023
Latest industry news and developments
Russian Governor: Sakhalin-1 Oil, Gas Output Less Than Half of Plan in 2022
The project saw a sharp decline in output following the departure of U.S. oil and gas major Exxon Mobil after Moscow sent tens of thousands of troops into Ukraine on Feb. 24 last year.
Russia Halts Oil to Poland Via Druzhba Pipeline, Says Refiner PKN Orlen
The halt in supplies via the Druzhba pipeline — which has been exempted from European Union sanctions imposed on Russia following its full-scale invasion of Ukraine — came a day after Poland delivered its first Leopard tanks to Ukraine.
Wintershall Dea Looks Ahead After Closing Door on Russia
Oil and gas producer Wintershall Dea, fresh from pulling out of its long-term partnership with Russia, will focus on growing its production elsewhere and building up carbon management for the long-term future, it said on Thursday.
US Official Says Russia's Crude Output Cut Signals Unsold Oil
Russia's decision to cut crude oil production by 500,000 barrels per day reflects its inability to sell all of its oil, Ben Harris, a U.S. Treasury Department Assistant Secretary, said on Thursday.
Tellurian Taps LNG Demand Surge to Deliver Fourfold Jump in Production
Tellurian Inc. on Wednesday reported a fourfold increase in quarterly natural gas production to meet a surge in demand triggered by Western sanctions against Russia over the Ukraine invasion.
Nord Stream Blast Inquiries Ongoing, Say Denmark, Sweden, Germany at UN
Investigations by Denmark, Germany and Sweden into explosions on the Nord Stream gas pipelines have not yet concluded, the three countries told the U.N. Security Council in a letter on Tuesday ahead of a meeting called by Russia on the September incident.
Kazakh Oil Decouples from Russian Crude But Risk Weighs on Price
Kazakhstan has separated its oil exports from those of Russian crude by launching its own KEBCO brand, but sanctions against Moscow are still putting pressure on the price of Kazakh oil pumped through Russian pipelines, data shows.
US Crude Oil Exports to Be In Demand This Year as Trade Flows Reshuffle
U.S. crude oil exports that have been boosted by a trade flow reshuffle in the aftermath of Russia's invasion of Ukraine will remain elevated this year as Europe and Asia search for supplies, company officials and analysts said.
Putin Lauds Gas Giant Gazprom, Says Asian Demand Will Soar
"Despite unfair — to put it bluntly — competition, direct attempts from the outside to hinder and restrain its development, Gazprom is moving forward, launching new projects," Putin told Gazprom CEO Alexei Miller.
Gas Flow Continues After Fire at Russian Pipeline, No Injuries
Depressurization of an export gas pipeline transiting the Myshkinsky district of the Yaroslavl region north of Moscow sparked a fire but caused no casualties on Monday, Russia's emergencies ministry said.
CEZ Seeking $45 Million in Damages from Gazprom for Gas Undersupply
Czech utility CEZ said on Thursday it had initiated international arbitration in Geneva against Russian gas company Gazprom seeking compensation for lower-than-contracted gas delivery last year.
Russia's Novatek, India's GAIL Poised to Seal Gas Sales Deal
Russia's largest LNG producer, Novatek, is close to a deal to supply gas to GAIL (India) Ltd. as it seeks alternative markets to Europe, three industry sources said. The companies are negotiating the terms of a contract and could seal an agreement within a week, the sources said, adding volumes would depend on logistics, such as shipping and insurance.
Shell Still Taking LNG Cargoes from Russia Under Novatek Contract
The world's largest LNG trader agreed a more than 20-year deal in 2015 for Novatek to supply around 900,000 tonnes per annum from the Yamal LNG plant in Siberia.
Russian Gas Supply Hit Pushes India's GAIL to Scout for Long-Term LNG
GAIL (India) Ltd. is scouting for long-term gas import deals and hopes to sign one contract shortly to make up for disrupted supplies from a former unit of Russian energy giant Gazprom, its head of finance said on Monday.
Russia's Sakhalin 2 May Double LNG Revenue as Top Buyers Stay Despite Ukraine Crisis
Russia's Sakhalin 2 LNG project could generate twice the revenue this year that it did before the Ukraine conflict thanks to long-term deals with Asian buyers and higher prices, according to analysts and Reuters calculations.
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