Russia | GUPC

$17B in New Deals for World’s Largest Gas Field May Indirectly Go to Russia

Oil & Gas‚ Oil and Gas Industry | intent | April 8, 2025 | Comment off

Iran has awarded US$17 billion of contracts to attempt to reverse a dramatic projected production decline from the world’s biggest gas reservoir. Its South Pars field spans 3,700 square kilometres and holds an estimated 14.2 trillion cubic metres (tcm) of gas reserves plus 18 billion barrels of gas condensate. In addition to generating nearly 80% of Iran’s gas production, it also accounts for around 40% of its total estimated 33.8 tcm of gas reserves (mainly located in the southern Fars, Bushehr, and Hormozgan regions).

Russia Watchdog Halts Oil Loadings at One Berth in Novorossiysk

Oil & Gas‚ Oil and Gas Industry | intent | April 3, 2025 | Comment off

The Novorossiysk port is a key export route for Russian crude oil and petroleum products and any significant disruptions to loadings may affect the nation’s production flows. However, last month, 23 crude tankers loaded there to carry Russian barrels abroad. All of them loaded at berths 1, 1a or 2, according to vessel tracking data compiled by Bloomberg and shipping industry data.

A Fifth of EU Gas Imports in Q4 Came from Russia: Official Data

Oil & Gas‚ Oil and Gas Industry | intent | April 2, 2025 | Comment off

Russia accounted for 19 percent or 13.4 billion cubic meters (473.22 billion cubic feet) of EU gas imports in the fourth quarter (Q4), according to the European Commission’s quarterly gas market report. Russia’s share of gas imported into the 27-member bloc rose one percentage point from the prior three-month period and two percentage points against Q4 2023.

EU Still Relies on Russia for a Fifth of Its Gas Imports: Official Report

Oil & Gas‚ Oil and Gas Industry | intent | April 2, 2025 | Comment off

Russia accounted for 20 percent of gas imported by the EU via pipeline in the third quarter. Norway continued to be the EU’s top pipeline gas supplier with a share of 47 percent, followed by North Africa (16 percent). The United Kingdom was the EU’s fourth-biggest pipeline gas source accounting for 11 percent, while Azerbaijan came fifth with six percent.

Russia’s Oil Price Drops 24% Below Budget Target

Oil & Gas‚ Oil and Gas Industry | intent | March 20, 2025 | Comment off

A ceasefire to the Russia-Ukraine war could be bearish for oil prices if Trump pushes for the removal of sanctions on the Russian energy industry, Tyler Richey, co-editor at Sevens Report Research, told MarketWatch. Geopolitical stability may also “largely extinguish the still simmering ‘fear bid’ in the oil market.” Sanctions by the Biden administration roughly tripled the number of directly sanctioned Russian crude oil tankers, enough to affect around 900,000 barrels per day (bpd). Whereas it’s highly likely that Russia will try to circumvent the sanctions by employing even more shadow fleet tankers and ship-to-ship transfers, StanChart sees 500,000 bpd of displacements over the next six months.

Russia Agrees to 30-Day Suspension of Energy Infrastructure Attacks

Oil & Gas‚ Oil and Gas Industry | intent | March 19, 2025 | Comment off

The commitment was made during Putin’s two-and-a-half-hour phone call with President Trump during which the two discussed the next steps in the Ukraine war. A full 30-day ceasefire, as originally proposed by the U.S. side, was rejected by Russia, which sees it as a means of giving the Ukrainian army a break to rearm. One of Russia’s conditions for a peace agreement is the suspension of all U.S. military aid to the Kyiv government.

Russia Switches to Crypto in Oil Trade

Oil & Gas‚ Oil and Gas Industry | intent | March 14, 2025 | Comment off

Russia is increasingly using cryptocurrencies in its oil trade with top clients China and India amid U.S. sanctions, Reuters has reported, citing unnamed sources, who said Russian oil traders were using the cryptocurrencies to facilitate the conversion of yuans and rupees into rubles.

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