Russia & CIS

Explainer: Does China Need More Russian Gas via the Power-of-Siberia 2 Pipeline?

Russian President Vladimir Putin held a meeting with his counterparts from China and Mongolia on Thursday, where they discussed a major new infrastructure project, Power-of-Siberia 2, to deliver gas to China via Mongolia.

Mongolian President Advocates for Russia-China Oil, Gas Pipelines via Mongolia

Russian energy giant Gazprom hopes to build the Power of Siberia 2 gas pipeline via Mongolia to China with a view to exporting 50 billion cubic meters of gas per year via the route by 2030.

Turkmenistan Pipe Dreams: Russia, China Both Make Overtures

(P&GJ) — Russia’s invasion of Ukraine has quickly transformed the West’s relationship with Russia. It’s forged Russia’s closer alignment with China. It seems that 2022 is becoming the year when everyone is rethinking the circles of power, especially in Eurasia.

Slovak’s SPP Inks LNG Supply Deal with Exxon

Slovakia's national gas importer SPP has signed an LNG supply deal with Exxon Mobil, SPP said on Thursday, as Europe races to secure alternatives to Russian gas.

EU Chief Intends to Cap Price of Russian Pipeline Gas

Upcoming European Commission proposals to tackle surging energy prices will aim to cap the price of gas Russia sends to Europe via pipelines and offer support to electricity producers facing a liquidity squeeze, the EU's chief said on Monday.

Tokyo Gas Inks Long-Term LNG Deal with New Sakhalin-2 Operator

Japan's biggest city gas supplier Tokyo Gas Co Ltd. has signed a long-term contract with a new Russian operator of Sakhalin-2 energy project to buy LNG, a spokesperson for the Japanese company said on Tuesday.

Wintershall Dea CEO: 'Insane' Prices Will Make People Abandon Gas

Wholesale gas prices have scaled "insane" levels that will ultimately hurt demand, although the lack of Russian gas means Europe's supply will be tight for several years, the CEO of German oil firm Wintershall Dea said on Tuesday.

US Contractors Exit Major Iraqi Gas Field Following String of Rocket Attacks

A series of rocket attacks on a gas field in northern Iraq has sent the U.S. contractors working on its expansion packing, dealing a blow to the Kurdish region's hopes of boosting its revenues and offering a small alternative to Russian gas.

TotalEnergies Sells 49% Stake in Russian Gas Field to Novatek

TotalEnergies agreed to sell to Novatek its 49% interest in Russia’s Termokarstovoye gas field back in July based on the company’s publicly shared principles of conduct for its Russian related business.

Pipeline Operator Gail Says India in Talks with Russia to Resume Gas Supply Deal

India is in talks with Russia to resume gas supplies under the long-term import deal between Gazprom and GAIL (India) Ltd., the state-run Indian company's chairman said at an annual shareholder meeting on Friday.

CPC Terminal Repairs to Delay Russian, Kazakh Crude Exports

Russian and Kazakh oil exports via the Caspian Pipeline Consortium's (CPC) Black Sea terminal face at least one month's disruption each once repairs begin on two of its three single mooring points, CPC confirmed on Tuesday.

France Pushes for Gas Terminals over Building $3 Billion Pipeline to Combat Crisis

A third gas pipeline between Spain and France would cost at least $3 billion and take years to complete, making it a less attractive option to address Europe's supply worries than new terminals to receive fuel by boat, France's energy transition ministry said.

Gazprom to Halt Natural Gas Deliveries on Nord Stream 1 Pipeline for Maintenance Work

The unscheduled maintenance on the Nord Stream 1 pipeline, which runs under the Baltic Sea to Germany, deepens an energy standoff between Moscow and Brussels which has already helped send inflation surging in the region and raised the risk of rationing and recession.

Midyear International Update: Midstream Steps Up as Europe Pivots from Russian Energy

(P&GJ) — Six months into Russia’s war on Ukraine, a global oil and gas supply squeeze has been further tightened by sanctions on the world’s largest energy exporter, sending power and fuel prices soaring.

Britain Set to Receive Rare LNG Shipment from Australia

Britain is set to receive a rare shipment of LNG from Australia later this month, as countries across Europe strive to secure enough supplies ahead of winter.

Norway's July Natural Gas Exports Hit Record High as Demand, Prices Soar

Norwegian natural gas exports hit a record high of $13.26 billion in July as prices and demand in Europe surged amid disruption of Russian supplies, official data showed on Monday.

Gazprom Boosts Gas Flows to Hungary Via Turkstream Pipeline

Russia's Gazprom has ramped up flows to Hungary via the Turkstream pipeline that brings gas to Hungary via Serbia, a Hungarian foreign ministry official said on Saturday.

Kazakhstan Plans to Sell Crude Oil Via Azeri Pipeline to Bypass Russia

Kazakhstan is expected to sell some of its crude oil through Azerbaijan's biggest oil pipeline from September, as the nation seeks alternatives to a route Russia threatened to shut, three sources familiar with the matter said.

Oil Falls as Druzhba Pipeline Resumes Flows, US Stocks Build

Oil prices fell on Wednesday as flows on the Russia-to-Europe Druzhba pipeline resumed and after U.S. crude stocks rose far more than anticipated.

Saipem Enters Negotiations to End Arctic LNG 2 Project Contracts

Saipem is in talks to end two contracts related to Russia's $21-billion Arctic LNG 2 project led by Moscow-listed gas producer Novatek, the Italian energy services group said in its interim financial statement.

Sakhalin Energy Asks LNG Buyers to Pay Via Moscow Bank

Russia's Sakhalin Energy Investment Co. has asked its LNG customers to pay for supplies via a Moscow unit of a European bank, a source familiar with the matter told Reuters on Friday.

Italy's Eni Expects to Replace Russian Gas by 2025

Italian energy group Eni believes it will be able to completely replace Russian gas imports by 2025 as uncertainty over Moscow's energy supplies to Europe forces countries to seek alternative sources.

Ukraine Says Gazprom Spiked Gas Pipeline Pressure Without Prior Notice

Russian gas giant Gazprom has sharply increased pressure in the Urengoy-Pomary-Uzhgorod pipeline that delivers Russian gas to Europe without prior notice, the Ukrainian state pipeline operator company said on Tuesday.

Gazprom Says Sanctions Still Hamper Nord Stream 1 Pipeline Maintenance

Russian natural gas giant Gazprom said on Monday that sanctions were still hampering maintenance of the Nord Stream 1 gas pipeline, a strong signal that energy supplies to Europe remain at risk unless the West eases sanctions imposed over Ukraine.

EU Pursuing Gas from Nigeria in Preparation for Russian Supply Cuts

The European Union is seeking additional gas supplies from Nigeria as the bloc prepares for potential Russian supply cuts, Matthew Baldwin, deputy director general of the European Commission's energy department, said on Saturday.

Eni to Receive Increased Gas Volumes from Gazprom

Eni said on Thursday it would receive about 36 million cubic meters of gas from Russia's Gazprom, up from the daily average volumes of the last 10 days.

Russia Completes Maintenance on Nord Stream 1 Pipeline, Restarts Gas Exports

Russian gas flows via the Nord Stream 1 pipeline are seen restarting on time on Thursday after the completion of scheduled maintenance, two sources familiar with the export plans told Reuters.

Gas Pipeline Damaged in Ukraine's Kherson Region, No Sign of Disruption in Supply to EU

A gas pipeline has been damaged as a result of a strike by the Ukrainian armed forces near the Kakhovka hydroelectric power plant in Ukraine's Kherson, a region currently controlled by Russian forces, TASS reported on Monday, citing the regional administration.

Russia's Gazprom Declares Force Majeure on Some Gas Supplies to Europe

Russia's Gazprom has declared force majeure on gas supplies to Europe to at least one major customer, according to a letter from Gazprom that will add to European fears of fuel shortages.

Russian Court Overturns Suspension on Caspian Pipeline Operations

A court in southern Russia on Monday overturned an earlier ruling suspending Caspian Pipeline Consortium's operations and instead fined it 200,000 rubles ($3,300), easing concerns about a global oil supply crunch.