Russia & CIS ///

Novatek eyes LNG cargo transfers should tanker sanctions last

Russia’s biggest liquefied natural gas producer expects to be able to mitigate any impact should U.S. sanctions on China prevent it from using a third of its fleet.

Oil and gas in the capitals

Jacques Sapir, Contributing Editor

Russia’s current account, the oil market and the ruble

KCA Deutag wins $168 million in Russian drilling contracts

Global drilling and engineering contractor KCA Deutag (KCAD) is delighted to announce that its land drilling operation has won three new contracts in Russia worth approximately $168 million.

Recoverable oil reserves at Russkoye field increased 8%

The AB1 recoverable oil reserves of Russkoye field have increased 8% following exploration work carried out by Tyumenneftegaz, a petroleum production company belonging to Rosneft.

Total launches Phase 3 of Dunga field, onshore Kazakhstan

Total and its partners have approved the launch of Phase 3 development of the onshore Dunga field in the Mangystau Region of western Kazakhstan.

Lukoil says its making headway in the Caspian Sea

Lukoil is successfully evolving its priority projects in the north of the Caspian Sea. The company continues to construct facilities at Vladimir Filanovsky, Yury Korchagin and Rakushechnoye fields.

Putin to meet with Saudi Prince just days before OPEC+ gathers

Russian President Vladimir Putin plans to meet Saudi Crown Prince Mohammed Bin Salman at the Group of 20 summit in Japan this week, just days before OPEC and its allies gather in Austria to discuss extending oil-output cuts.

Gazprom Neft confirms commercial outlook for Chona project

Gazprom Neft subsidiary Gazpromneft-GEO has drilled a second horizontal well at Ignyalinskoye field in the Irkutsk Oblast. Commercial inflow is more than double the flowrate at the first well, constructed last year.

Trump's shot at Russian pipeline shows fight for market share

President Donald Trump’s threat to sanction Russia’s controversial new natural gas pipeline into Europe is an indication that competition to supply the fuel is heating up.

Trump says he’s considering sanctions to block Nord Stream 2

President Donald Trump said Wednesday he’s considering using U.S. sanctions to stop construction of the Nord Stream 2 gas pipeline between Russia and Germany.

Russia may be testing U.S. gas nerve with Europe push, Citi says

Russia’s strong natural gas shipments to Europe may be an attempt to test the resilience of U.S. exporters, according to Citigroup Inc.

Regional report: Russia

Mike Slaton, Contributing Editor

Between rocks and hard places

Global gas market grew rapidly in 2018

Armelle Lecarpentier, CEDIGAZ

It was a remarkable year for the global natural gas market during 2018. Natural gas supply and demand grew at their fastest pace since 2010

Technology center to be established for developing Achimovsky-strata oil deposits in Russia

Gazprom Neft and the Government of the Yamalo-Nenets Autonomous Okrug are to expand their cooperation in developing viable technologies for exploiting Achimovsky-strata oil deposits.

Gazprom Neft, Repsol and Shell to develop major exploration cluster on Gydan Peninsula

Gazprom Neft, Repsol and Shell have signed a memorandum of understanding at this year’s St. Petersburg International Economic Forum, establishing a JV to develop the Leskinsky and Pukhutsyayakhsky license blocks on the Gydan Peninsula.

Gazprom, Shell meet to review progress of Nord Stream 2, Sakhalin II projects

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Ben van Beurden, CEO of Royal Dutch Shell, took place today at the St. Petersburg International Economic Forum 2019.

NOVATEK creates JV in China with Sinopec and Gazprombank

During the official visit of the President of the People’s Republic of China Xi Jinping to the Russian Federation, PAO NOVATEK, Sinopec and Gazprombank signed Heads of Agreement on establishing a joint venture to market LNG and natural gas to end-customers in the People’s Republic of China.

Rosneft launches second field in Erginsky cluster

Rosneft has put into commission West Erginskoye field as part of the Erginsky cluster.

Gazprom shares soar amid anticipated management changes

Gazprom PJSC surged to a decade-high in Moscow trading on speculation the world’s largest natural-gas exporter will make more changes to senior management.

Turkey mulls deployment of Russian missile near gas exploration zone

Turkey is considering deploying a Russian missile-defense system along the country’s southern coast, near where its warships are accompanying vessels exploring for energy, according to four people with knowledge of the deliberations.