Russia & CIS
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
Latest industry developments from around the world!
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!
Projects December 2023
Western Midstream Partners closed its previously announced acquisition of Meritage Midstream Services II. The sale was funded with cash on hand and WES’s recent $600 million investment grade senior notes issuance.
Russian Oil Output to Hold Steady or Increase in 2024, Defying Earlier Sanctions Impact
Oil output in Russia, the third largest producer in the world after the United States and Saudi Arabia, is expected to be steady or even to increase next year as Moscow has largely overcome Western sanctions, analysts said.
Foreign Shareholders Freeze Participation in Russia's Arctic LNG 2
Foreign shareholders suspended participation in the Arctic LNG 2 project due to sanctions, renouncing their responsibilities for financing and for offtake contracts for the new Russian LNG plant, the daily Kommersant reported on Monday.
Russia Plans to Cut Seaborne Oil Exports by 100,000-200,000 bpd in January
Russia plans to cut oil exports from its sea ports in January by 100,000-200,000 barrels per day (bpd) from December levels amid increased throughput at its refineries, three industry sources familiar with export plans told Reuters.
China Seeks Exemption from U.S. Sanctions on Russian LNG Plant
China's state oil majors CNPC and CNOOC have both asked the U.S. government for exemptions from sanctions on a new Russian LNG export plant, a Beijing-based industry official with direct knowledge of the matter said.
Lack of Arctic Tankers Puts Russia's LNG Development Dreams on Ice
Russia is hoping its shipments of liquefied natural gas (LNG) will offset a sharp fall in pipeline gas exports to Europe, but a shortage of gas tankers and sanctions hold back its plans, analysts and industry sources said.
Germany's $55 Billion Gas Deal with Norway Ends Russian Dependency
Germany's decision to make Norway its biggest gas supplier, culminating in a deal this week that will cover a major chunk of its industrial needs, means it has replaced the formerly dominant Russia with another equally dominant supplier.
Russia's Novatek Issues Force Majeure Notices Over Arctic LNG 2 Project
Novatek, Russia's largest producer of LNG, has sent force majeure notifications to some of its clients over future supplies from its Arctic LNG 2 project, four industry sources told Reuters on Thursday.
Harbour Energy Strikes $11.2 Billion Deal for Wintershall Dea Assets
Britain's Harbour Energy on Thursday agreed to acquire Wintershall Dea's non-Russian oil and gas assets in a $11.2 billion share and cash deal with BASF and LetterOne that creates one of the world's largest independent producers.
Beijing Eyes Broader Energy Collaboration with Russia, Discusses Power of Siberia 2 Gas Pipeline
Beijing intends to expand energy cooperation with Russia along all stages of production, and Chinese Ambassador to Russia Zhang Hanhui said that both countries were in active discussions about Russia's planned Power of Siberia 2 gas pipeline.
Putin Directs Removal of Wintershall Dea, OMV Stakes in Russian Arctic Gas Projects
Russian President Vladimir Putin has ordered that Wintershall Dea and OMV be stripped of multibillion-dollar stakes in gas extraction projects in Russia's Arctic.
Looking Back at the Biggest Pipeline Stories of 2023
(P&GJ) – In this final issue of P&GJ for 2023, the staff – with more than a little help from our readers – takes a look back at the sometimes chaotic year in midstream that was 2023.
Russia Eyes Additional Oil Export Cuts of About 50,000 bpd in December
Russia said on Sunday it would deepen oil export cuts in December by potentially 50,000 barrels per day or more, earlier than promised, as the world's biggest exporters try to support the global oil price.
Serbia Launches Gas Pipeline Interconnector with Bulgaria, Diversifying Supplies
Serbia on Sunday completed the interconnector to a pipeline in Bulgaria, which would allow the Balkan country to diversify its gas supplies and reduce its dependence on Russia.
Italy's Saipem Completes Exit from Russia's Arctic-2 LNG Project
Italian energy engineering and construction group Saipem is no longer involved in Arctic-2 LNG, a massive Russian project to build an LNG production site in the Arctic, which was targeted by U.S. sanctions last month.
Revenues of Russia's Top Oil and Gas Producers Fall 41% in First 9 Months of 2023
The revenues of Russia's largest oil and natural gas producers dropped by 41% in the first nine months of the year, the central bank said in its financial stability review, as export volumes and prices declined.
- Energy Transfer Subsidiary Selects KTJV for Lake Charles LNG Export Project
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- Malaysia’s Oil Exports to China Surge Amid Broader Import Decline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Marathon Oil to Lay Off Over 500 Texas Workers Ahead of ConocoPhillips Merger
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
