Russia & CIS

Russia, China Discuss Expanding Gas Supplies Amid Pipeline Uncertainty

Gazprom and China’s CNPC met in Beijing to discuss future gas supplies, including long-term pipeline deals, as Russia seeks to expand exports to China amid slow diversification from Europe.

Central Europe Cuts Final Link to Russian Oil via Pipeline Reroute

Polish energy firm Orlen has officially ended all Russian oil imports, redirecting supply for its Czech refinery through the TAL and IKL pipelines. The move marks Central Europe’s final break from Druzhba pipeline reliance, following recent infrastructure upgrades.

Sanctioned LNG Carrier Iris Arrives at Russia’s Arctic Project

A U.S.-sanctioned liquefied natural gas vessel, Iris, docked at Russia’s Arctic LNG 2 terminal on June 26, ship tracking data shows. If loaded, it would mark the ninth cargo from the project, which remains under Western sanctions.

Russia to Launch First Domestically Built Ice-Class LNG Tanker This Year

Russia is set to deploy its first domestically built ice-class LNG tanker in the second half of 2025, according to Interfax. The vessel, Alexey Kosygin, was constructed at the Zvezda shipyard to support Novatek's Arctic LNG 2 project amid international tanker shortages caused by sanctions.

Are Russia and China Really Going Green?

Editor-in-Chief Michael Reed examines reports of a growing Russia-China energy alliance, including plans for hydrogen production, renewable power development, and the long-delayed Power of Siberia-2 pipeline.

Russia Sends First Yamal LNG Cargo to China via Arctic Route

Russia's Yamal LNG plant, operated by Novatek, has dispatched a first cargo of liquefied natural gas this season via the Northern Sea Route to China, Kommersant daily reported on June 20, citing Kpler data.

First Russian Crude Shipment to Japan in Two Years Arrives at Kikuma Port

Japanese refiner Taiyo Oil has imported Sakhalin Blend crude from Russia for the first time in over two years at the request of Japan's government to help ensure LNG supply from the Sakhalin-2 project.

Vietnam’s Cai Mep LNG Terminal Receives First Cargo from Russia’s Sakhalin 2

Vietnam’s Cai Mep LNG terminal has received its first commissioning cargo from Russia’s Sakhalin 2 project, marking a new milestone in the country’s expanding LNG infrastructure.

Global News June 2025

Stay informed with the latest industry news and developments in the midstream sector. From pipeline projects to regulatory updates and company announcements, P&GJ's Global News column brings you the most important insights from around the world.

Caspian Pipeline Consortium Announces Significant Increase in 2025 Oil Exports

The Caspian Pipeline Consortium, which supplies oil from Kazakhstan and Russia via a Black Sea terminal, said on Wednesday it shipped more than 28 million metric tons (MMt) of oil from January to May 23, 1.4 MMt more than a year earlier.

Gazprom Lists Moscow Gas Retail Offices for Sale at $129 Million

Russian energy giant Gazprom said on Tuesday it had put a business center near Moscow that housed its offices up for sale for a starting price of 10.34 billion roubles ($129 million). Gazprom moved to sell several real estate assets last year after posting a 2023 loss of almost $7 billion as gas exports to Europe collapsed.

Ukraine Seeks to Lower Gas Import Costs via Trans-Balkan Pipeline

Ukraine's energy regulator has approved a gas import mechanism that will avoid high transit fees when supplying gas through the Trans-Balkan pipeline from Greece to Ukraine, the Ukrainian energy ministry said on Tuesday.

Russia Nears LNG Supply Deal with Bahrain Amid Summer Gas Demand

Russia is in advanced talks to supply Bahrain with 1.5 million tons of LNG annually under a proposed three-year deal, marking a first between the two countries amid rising Gulf gas demand.

Austria’s Central Gas Hub Grows Trading Volumes After Russian Supply Ends

Austria’s Central European Gas Hub has reported increased trading volumes despite the halt of Russian gas flows through Ukraine, with higher liquidity driven by alternative supplies via Germany and Italy, according to CEO Gottfried Steiner.

Russia's Arctic LNG 2 Starts Second Train Despite Sanctions Blocking Sales

Russia’s Arctic LNG 2 project has started production at its second train despite being unable to export gas from its first train due to U.S. sanctions and shipping shortages, a source told Reuters. Novatek, the plant's majority owner, declined to comment.

Russia's Gazprom in Talks with Serbia on New Gas Supply Deal

Gazprom is negotiating a new natural gas supply contract with Serbia, which relies heavily on Russian gas via the TurkStream pipeline. Talks follow President Vucic’s recent visit to Moscow and aim to finalize a deal by May 31.

Wood Mackenzie Warns of Gas Turbine Supply Constraints Through 2040

Wood Mackenzie expects new gas-fired generation projects of around 890 gigawatt (GW) capacity to be added globally between 2025 and 2040, with the U.S. and China leading at 47% annual additions during the same period.

Italy’s Eni Supplied Russian Gas to Turkey Last Year Despite EU Shift

Italy’s Eni confirmed it delivered 6.2 billion cubic meters of Russian gas to Turkey in 2024 via the Blue Stream pipeline, despite halting Russian gas sales in Europe after the Ukraine invasion.

China’s April Crude Imports Rise 7.5% on Iran, Russia Supply Surge

China imported 11.69 million bpd of crude oil in April, up 7.5% year-over-year, led by strong deliveries from Iran and Russia. Stockpiling during refinery maintenance and discounted sanctioned barrels supported the increase.

Russia, China in Talks on Power of Siberia 2 Pipeline Agreement

Russia and China are advancing talks on the proposed Power of Siberia 2 gas pipeline, which would deliver 50 bcm of Russian gas annually via Mongolia. A deal remains under negotiation, Russian officials said.

Global Energy Exports Slide as Trade Risks Weigh on Oil and Fuel Demand

Global oil, LNG and fuel exports slowed in early 2025 as rising trade tensions and tariffs disrupt flows, pressuring demand across major import markets and raising risks for energy exporters.

TurkStream Gas Pipeline Could Slow EU, Russia Decoupling

TurkStream pipeline gas flows are rising, posing a challenge to the EU’s roadmap to phase out Russian gas by 2027. Southeast Europe’s growing reliance on the pipeline risks undermining European energy diversification efforts.

Saudi Arabia Can Control Oil Supply, But Demand May Be Its Achilles’ Heel

Saudi Arabia is flexing its oil supply control, but weakening global demand could undermine its strategy and pose challenges.

EU Considers Ban on New Russian Gas Contracts, Eyes Exit Options for Existing Deals

The European Commission is considering legal measures to forbid new Russian gas contracts and allow EU firms to exit existing deals without penalties, as part of efforts to further reduce reliance on Russian energy.

Ukraine Increases Gas Imports by 40% to Meet Supply Needs

Ukraine has increased natural gas imports by nearly 40%, turning to Hungary and Poland to offset war-related production losses and meet growing demand ahead of the winter season.

Trump Factor Fuels EU Debate Over Resuming Russian Gas Imports

As uncertainty grows over U.S. LNG reliability under a potential Trump presidency, EU leaders and energy executives are openly reconsidering Russian gas imports despite prior pledges to cut ties by 2027.

Caspian Pipeline Resumes Partial Kazakh Oil Loadings After Russian Court Ruling

The Caspian Pipeline Consortium resumed loading oil at one of two previously shut Black Sea's moorings, it said on Wednesday, after a court lifted restrictions placed on the Western-backed group's facility by a Russian transport regulator.

Why Czechia Won’t Quit Russian Oil Despite Infrastructure Alternatives

Czechia has the infrastructure, reserves, and access to alternative suppliers to eliminate its Russian oil imports. Yet, three years into Russia’s full-scale invasion of Ukraine, the Czech Republic continues to delay this strategic shift, despite the availability of viable alternatives.

Kazakh-Russian CPC Oil Exports via Black Sea Trimmed for April

Black Sea CPC Blend oil exports for April were revised down to 1.6 million barrels per day, or 6.2 million metric tons, from 1.7 million bpd in the preliminary plan, two sources said on Monday.

Poland to Expand Gas Pipeline Capacity to Ukraine by 2026

Poland’s Gaz-System will upgrade the Hermanowice metering station on its pipeline to Ukraine by 2026, aiming to boost gas transit capacity as Ukraine ramps up LNG imports from Europe following Russian attacks on its storage sites.

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