Russia & CIS
Global News December 2023
Latest industry developments from around the world!
Kyiv Proposes Reversing Trans-Balkan Gas Pipeline Flows Through Ukraine
Ukraine's state gas transit operator on Wednesday proposed reversing gas flows through the Trans-Balkan pipeline, which would allow gas to be pumped from the Balkans to Central and Eastern European countries through Ukraine.
Oil Exporters Seek Alternative Routes as Black Sea Storm Continues to Suspend Loadings
Russian and Kazakh producers are seeking to redirect oil flows to other destinations, in particular to Russia's Baltic ports, but such opportunities are limited due to high demand.
Ukraine Suggests Reversing Trans-Balkan Gas Pipeline Flows to Meet Demand
Ukraine's state gas transit operator on Wednesday proposed reversing gas flows through the Trans-Balkan pipeline, which would allow gas to be pumped from the Balkans to Central and Eastern European countries through Ukraine.
Gas Condensate Exports from Russia's Yamal LNG Rise 16% In Jan-Nov
Exports of gas condensate, a kind of light oil, from Russia's Yamal LNG field were up by 15.8% year-on-year in January-November at 880,000 metric tons, according to LSEG ship-tracking data and traders.
Russian Black Sea Oil Exports Delayed Due to Heavy Storms
Russia's oil and oil product exports from the Novorossiysk Black Sea terminal are being restricted as bad weather has caused significant delays to loadings, two sources familiar with the port's operations said on Monday.
Greek Shippers Exit Russian Oil Trade as U.S. Tightens Price Cap Scrutiny
Three major Greek shipping firms have stopped transporting Russian oil in recent weeks in order to avoid U.S. sanctions now being imposed on some shipping firms carrying Russian oil, four traders told Reuters and shipping data showed.
CEZ Books 2 Bcm Capacity at German LNG Terminal
Czech majority state-owned utility CEZ has agreed to book 2 billion cubic meters (Bcm) of annual capacity at the Stade LNG terminal in Germany from 2027, Prime Minister Petr Fiala said on Thursday.
Tankers Newly Sanctioned by US Supplied Russian Oil to India
Three oil tankers, newly sanctioned by Washington, regularly shipped Sokol crude from Russia's Far East to Indian Oil Corp., the country's top refiner, in recent months, according to ship tracking data from LSEG, Kpler and trade sources.
CEZ Abandons Planned Polish LNG Terminal Capacity Over Disputed Conditions
Majority state-owned Czech utility CEZ has shelved a plan to secure capacity for LNG at a new Polish terminal because it was unhappy with the conditions offered, two sources with knowledge of the matter told Reuters.
Russian Pipeline Gas Exports to Europe Drop 6.7% in November
Average daily natural gas supplies to Europe by Russian energy giant Gazprom were down 6.7% in the first half of November from their October levels, Reuters calculations show.
Global News November 2023
Latest industry developments from around the world!
US Probes 30 Ship Managers for Suspected Russia Oil Sanctions Violations
The U.S. Treasury Department has sent notices to ship management companies requesting information about 100 vessels it suspects of violating Western sanctions on Russian oil, according to a source who has seen the documents.
US Collaborating with Allies on Sanctions for Russian Arctic LNG Project
The U.S. is working closely with partner countries over sanctions on a Russian LNG project in the Arctic as a January deadline looms on a wind-down of transactions with the plant, a State Department spokesperson said on Wednesday.
Saudi Arabia, Russia to Continue Additional Voluntary Oil Cuts
Top oil exporters Saudi Arabia and Russia confirmed on Sunday they would continue with their additional voluntary oil output cuts until the end of the year as concerns over demand and economic growth continue to weigh on crude markets.
New U.S. Sanctions Take Aim at Russia's Arctic LNG Project Amid Ukraine Conflict
The latest sanctions target a major entity involved in the development, operation and ownership of a massive project in Siberia known as Arctic-2 LNG, the State Department said in a statement. The project expected to ship chilled natural gas, known as LNG to global markets.
Gazprom Delivers Second LNG Shipment to China, Taking Suez Canal
Russia's Gazprom on Thursday delivered a second shipment of LNG to China, sending it via the Suez Canal rather than the northern sea route taken by the previous cargo, according to LSEG data.
Russia's Weaker Hand Undermines Case for Power of Siberia 2 Gas Pipeline to China
Russia is counting on a planned new pipeline to China as it seeks to make up for lost gas sales in Europe, but industry insiders see major risks around the project and question whether it will justify the huge costs.
Industry Insiders See Major Risks Associated With Potential Russia-China Natural Gas Pipeline
Russia is counting on a planned new pipeline to China as it seeks to make up for lost gas sales in Europe, but industry insiders see major risks around the project and question whether it will justify the huge costs.
Three Baltic Gas Pipeline, Telecom Cable Incidents Are Related, Estonia Says
Finland on Friday said it had raised its risk assessment for gas supply security because of the damage to the Balticconnector Finland-Estonia pipeline, which operator Gasgrid has said could be out of commission until April or longer.
Construction of Mongolian Part of Russian Gas Pipeline to China May Start in Early 2024
Construction of the Mongolian portion of Russia's planned new Power of Siberia-2 gas pipeline to China may start in the first quarter or first half of 2024, TASS news agency quoted Russian Deputy Prime Minister Viktoria Abramchenko as saying on Tuesday.
Russia’s Gazprom Working on Infrastructure Design for Far Eastern Gas Pipeline to China
Russian energy giant Gazprom said on Thursday that it was working on the design of infrastructure for a gas pipeline from the Sakhalin region in Russia's Far East to China.
Global News October 2023
Latest industry developments from around the world!
Venezuela May Redirect Oil Exports Away from China as U.S. Eases Sanctions
Exemptions to sanctions on Venezuelan oil exports that the U.S. is mulling should not result in a large crude production surge in the OPEC country, instead taking barrels away from its current main destination China, experts said.
New Gas Pipeline Stretching 808 Miles to Murmansk Confirmed by Novatek
(P&GJ) — Novatek, the Russian energy giant, has officially announced its project to construct an extensive 808-mile (1,300-km) gas pipeline reaching Murmansk, Russia. The pipeline project is expected to be able to transport 40 billion cubic meters of gas annually.
Putin Optimistic About Progress on Power of Siberia 2 Gas Pipeline to China
Russian President Vladimir Putin told his Mongolian counterpart Ukhnaagiin Khurelsukh on Tuesday that he believed the Power of Siberia 2 pipeline project to bring Russian gas to China via Mongolia would move ahead at a "good pace."
Orlen Takes Over Polish Segment of Yamal Gas Pipeline, Reducing Gazprom Stake
Orlen is taking over the Polish section of the Yamal gas pipeline, the state-controlled refiner said on Tuesday, meaning Russia's Gazprom will no longer have a stake.
Russia Begins Gas Supplies to Uzbekistan via Kazakhstan
Russia on Saturday started supplying natural gas to Uzbekistan via Kazakhstan, marking the occasion with ceremonies in Moscow and elsewhere attended by the presidents of the three countries and shown on state TV.
RWE CEO Warns of Gas Supply Risks in Germany
Germany must speed up construction of gas import infrastructure to avoid supply squeezes, the CEO of the country's largest utility told news outlet WirtschaftsWoche, adding the risk of soaring energy prices had not been fully contained.
Global News September 2023
Latest industry developments from around the world!
- 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
