Russia & CIS

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.

Naftogaz Held Talks with Exxon, Chevron, Halliburton About Energy Projects in Ukraine -FT

Naftogaz has held talks with Exxon Mobil, Halliburton and Chevron about projects in Ukraine as the country looks to lure back foreign investment to its energy sector, the Financial Times reported on Friday. Naftogaz hopes to sign a contract with Halliburton that would help increase production to a target of 13.5 Bcm this year.

US Warns Companies Over Russian Oil Price Cap Evasion Via ESPO Pipeline

The U.S. Treasury published a warning to U.S. companies on Monday of possible evasions of the Russian oil price cap exported through the Eastern Siberia Pacific Ocean (ESPO) pipeline and ports in eastern Russia.

Natural Gas Producer Novatek Expected to Win Big from Shell's Sakhalin-2 Stake

Russian natural gas producer Novatek has scooped a lucrative deal with its purchase of Shell's stake in the Sakhalin-2 energy project, analysts said on Thursday.

US Plans to Refill Strategic Reserve If Advantageous to Taxpayers This Year

The Biden administration plans to refill the U.S. Strategic Petroleum Reserve soon and hopes to refill it at lower oil prices if it's advantageous to taxpayers during the rest of the year, U.S. Energy Secretary Jennifer Granholm said on Wednesday.

Hungary Agrees on Option for More Russian Gas Shipments, Oil Transit Fees

Hungary's foreign minister said on Tuesday that Russian energy giant Gazprom would maintain an option to supply additional gas to Hungary this year on top of the shipments agreed under a long-term deal.

G7 Climate Ministers Drop Language on Growing LNG Demand in Draft

Climate ministers of the Group of Seven countries have backtracked for now on earlier language touting growing future demand for LNG, instead noting there may be "considerable uncertainty" for consumption.

Global News April 2023

US LNG exports hit record as Freeport production returns, Granholm says refilling US strategic petroleum reserve could take years, EU Nations seek legal option to stop Russian LNG imports, Oil firms halt or cut output in Iraqi Kurdistan, and more!

EU Countries Seek Legal Option to Stop Russian LNG Imports

European Union countries agreed on Tuesday to seek a legal option to stop Russian companies sending LNG to EU nations by preventing Russian firms from booking infrastructure capacity.