Page 1 - FSUOGM Week 33
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Issue 1089 19•August•2020 Week 33
Seller strategy
Gazprom’s gas sales to European buyers tanked in the first half of the year,
a result that will likely strengthen the argument for the construction of a
second export pipeline to China.
Production bump
Azerbaijan increased its gas production by more than 10% year on year in the
first seven months of this year.
Performance pains
Kazakhstan-focused Nostrum Oil & Gas reported a pre-tax loss for the first
half of the year.
Pushing through
Russian Energy Minister Alexander Novak has reportedly contracted
COVID-19 ahead of this week’s scheduled OPEC+ meeting, but still intends
to participate.
