Natural Gas Russia & the Caspian
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Both Azerbaijan’s SOCAR and its main backer, the state, are feeling the pinch from declining petrodollars. This squeeze is forcing the company to focus on gas projects to help fill the revenue gap.
Latest Russia & the Caspian News
Sauat Mynbayev’s move from the Kazakh Oil and Gas Ministry to state hydrocarbons company Kazmunaigas shows up a shortage of skilled people on the Kazakh energy pile and points to the vying of political factions.
Gazprom had a tough month in June. Putin announced that LNG exports will be gradually liberalised, while arbitration involving RWE forced more retroactive payments. But are these just temporary setbacks or evidence of a longer-term malaise?
Rosneft’s consolidation of Itera affirms its strategy of becoming a leading gas player. The company has said it wishes to become Russia’s second-largest gas producer, implying it means to overtake Novatek.
