• 2 hours Oil Nears $52 With Record OPEC Deal Compliance
  • 5 hours Saudi Aramco CEO Affirms IPO On Track For H2 2018
  • 7 hours Canadia Ltd. Returns To Sudan For First Time Since Oil Price Crash
  • 8 hours Syrian Rebel Group Takes Over Oil Field From IS
  • 3 days PDVSA Booted From Caribbean Terminal Over Unpaid Bills
  • 3 days Russia Warns Ukraine Against Recovering Oil Off The Coast Of Crimea
  • 3 days Syrian Rebels Relinquish Control Of Major Gas Field
  • 3 days Schlumberger Warns Of Moderating Investment In North America
  • 3 days Oil Prices Set For Weekly Loss As Profit Taking Trumps Mideast Tensions
  • 3 days Energy Regulators Look To Guard Grid From Cyberattacks
  • 3 days Mexico Says OPEC Has Not Approached It For Deal Extension
  • 3 days New Video Game Targets Oil Infrastructure
  • 3 days Shell Restarts Bonny Light Exports
  • 3 days Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
  • 4 days Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 4 days British Utility Companies Brace For Major Reforms
  • 4 days Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 4 days Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 4 days Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 4 days OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 4 days London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 4 days Rosneft Signs $400M Deal With Kurdistan
  • 4 days Kinder Morgan Warns About Trans Mountain Delays
  • 5 days India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 5 days Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 5 days Russia, Saudis Team Up To Boost Fracking Tech
  • 5 days Conflicting News Spurs Doubt On Aramco IPO
  • 5 days Exxon Starts Production At New Refinery In Texas
  • 5 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 6 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 6 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 6 days China To Take 5% Of Rosneft’s Output In New Deal
  • 6 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 6 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 6 days VW Fails To Secure Critical Commodity For EVs
  • 6 days Enbridge Pipeline Expansion Finally Approved
  • 6 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 6 days OPEC Oil Deal Compliance Falls To 86%
  • 7 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 7 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
Alt Text

Is Iraq On The Brink Of Civil War?

Kurdistan has dominated Middle Eastern…

Alt Text

Saudis Lose Market Share To OPEC Rivals

OPEC members Iraq and Iran…

Alt Text

Are Oil Markets Becoming Immune To Geopolitical Risk?

The geopolitical risk premium in…

Russia and Turkmenistan to Talk on Natural Gas Supplies

Russia and Turkmenistan to Talk on Natural Gas Supplies

Russian president Dmitry Medvedev’s visit to Turkmenistan on October 22-23 is likely to focus on the future of natural gas purchases from that country.

Moscow is traditionally the biggest purchaser of Turkmen gas, but reduced imports in 2009, and is likely to buy only ten billion cubic metres this year, a third of the volume envisaged in its contract.

NBCentralAsia energy experts say Medvedev is unlikely to propose increasing the amount Moscow imports. Turkmenistan would like to see this happening but it does not currently make economic sense for the Russians to do so.

At the same time, Russia is keen to head off plans to transport Turkmen gas to Europe by other routes, for example using the proposed Nabucco pipeline which would go through Turkey. To reach the pipeline, the natural gas would first have to cross the Caspian Sea, but Turkmen officials have recently been discussing the potential for getting liquefied natural gas supplies to Azerbaijan, which could resolve this problem.

According to an energy-sector commentator in the Turkmen capital Ashgabat, "Medvedev wants to establish how sustainable ideas are at this point for transporting unprocessed fuel without going through Russia.”

Medvedev is not expected to sign any agreements during his visit.




Back to homepage


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News