Gas

Denmark suddenly needs Nord Stream 2

Denmark has suspended gas production at the country's largest Tyra field.

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Turkey interested in working with Russia to develop gas fields

Turkey is interested in working with Russia to develop gas fields off the coast of Cyprus. This was stated by the country's Foreign Minister Mevlut Cavusoglu.

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Novatek to participate in tender for development of offshore blocks in Lebanon

Novatek, as part of a consortium, will participate in a tender for development of blocks of the Lebanese shelf in April.

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In 2019, organic replenishment of Novatek’s reserves was 252%

As of end of 2019, Novatek’s proven hydrocarbon reserves according to SEC standards amounted to 16 265 million barrels of oil equivalent, including 2 234 billion cubic meters of gas and 193 m

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Gas production at Absheron to begin in 2021

Production of the first batch of gas at the Absheron field is planned for 2021.

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Gas glut in Europe as prices fall to historic lows

In 2020, the European gas market is approaching a crisis comparable to a fall in oil prices five years ago.

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In January-November, Azerbaijan reduced oil exports by 4.3%, but increased gas supplies by 24.8%

In January-November of 2019, Azerbaijan exported 28 527.2 thousand tons of oil, which is by 4.3% less than in the same period in 2018, the country’s Government reported to the Interfax-Azerba

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Ukrtatnafta and Ukrnafta demand to raise duties on diesel fuel from the Russian Federation

Ukrtatnafta, Ukrnafta and Ukrgazdobycha have demanded that the Government of the Ukraine set higher duties on Russian diesel fuel and liquefied gas.

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Accounts and property of Ukrainian underground gas storage operator arrested

Ukrtransgaz has reported arrest of its accounts in the case of recovery by private entities of 2.3 billion hryvnias (almost $95 million).

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Azerbaijani gas exports from Shah-Deniz field increased by 24.2% in 2019

In 2019, the export of Azerbaijani gas from the Shah-Deniz field amounted to 10 417.8 million cubic meters, which is by 24.2% more than in 2018, the State Statistics Committee reported to the Inter

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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