Russia & CIS
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.
Beijing Holds All Cards in Russia’s Eastern Energy Pivot
(P&GJ) — Russia is looking to build on its energy ties with China, a key buyer of its gas. But Beijing’s position of power in the relationship may mean the sanctioned producer is in no rush to complete new projects, especially the much-discussed Power of Siberia 2 pipeline.
Russian Firm Asks Venezuela to Match Chevron Oil-for-Debt Deal
A Russian oil firm is asking Venezuela's state-run company PDVSA for permission to take control of exports from their joint ventures to revive cash flow from the five companies, which have been hard-hit by U.S. sanctions, two people involved in the talks said.
Russia’s Novatek Seeks Gas Export Rights for Future LNG Plant
Novatek announced plans earlier this month to build the Murmansk LNG plant, which will have an annual capacity of 20.4 million tonnes per year. The first line at the plant could start operations in 2027.
Russia's Novatek Has Developed Its Own LNG-Producing Technology
Russian company Novatek said on Tuesday it has developed its own technology to produce large-scale volumes of LNG, a key step in boosting LNG production and raising Russia's global share in the fuel market.
First Discounted Russian Crude Oil Cargo Arrives in Karachi
Pakistan's Prime Minister Shehbaz Sharif on Sunday said the first cargo of discounted Russian crude oil arranged under a new deal struck between Islamabad and Moscow had arrived in Karachi.
Explainer: Black Sea Grain Deal Could Hinge on Ammonia Pipeline
The pipeline used by Russia to pump up to 2.5 million tonnes of ammonia annually for global export to Ukraine's Pivdennyi port on the Black Sea from Togliatti on the Volga River in western Russia has been shut down since Moscow's invasion of Ukraine.
US Had Intelligence of Ukrainian Plan to Attack Nord Stream Pipeline - Washington Post
The United States had intelligence of a detailed Ukrainian plan to attack the Nord Stream pipeline three months before it was bombed, The Washington Post reported on Tuesday, citing leaked information posted online.
China Prioritizing Turkmenistan Over Russia in Next Big Pipeline Project
China is accelerating the building of a long-delayed Central Asian pipeline to source gas from Turkmenistan even as Russia pushes its own new Siberian connection, as Beijing juggles its energy security needs with diplomatic priorities.
Finland's Gasum Terminates Gazprom Pipeline Gas Contract
Gasum has terminated a contract to buy natural gas from Gazprom Export via pipelines from Russia. Gazprom ceased pipeline-based natural gas deliveries to Gasum in May 2022 in a dispute over payments, and the two sides had been in talks to resolve the matter.
Russia's Transneft Says Druzhba Pipeline 'Attacked' Near Ukraine Border
Russia's oil pipeline operator Transneft said on Wednesday that a filling point on the Europe-bound Druzhba pipeline in a Russian region bordering Ukraine had been attacked, the TASS news agency reported, citing the company.
Global News May 2023
Latest industry developments.
Editor’s Notebook: Nord Stream Questions Grow Murkier
(P&GJ) — While the investigation into who deliberately blew up Nord Stream continues, the operator of the previously functional first line appears to be taking a serious look at how it will seal and empty the pipeline before more damage occurs.
Russia Looks to Companies Beyond Gazprom to Supply Gas to China
Russia is considering supplying natural gas to China by a 2,600-km (1,620-mile) pipeline from companies other than Kremlin-controlled Gazprom, which currently has the monopoly for Russian pipeline gas exports, an Energy Ministry official said on Tuesday.
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
- Williams Delays Louisiana Pipeline Project Amid Dispute with Competitor Energy Transfer
- Evacuation Technologies to Reduce Methane Releases During Pigging
- Editor’s Notebook: Nord Stream’s $20 Billion Question
- Enbridge Receives Approval to Begin Service on Louisiana Venice Gas Pipeline Project
- Russian LNG Unfazed By U.S. Sanctions
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
