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FSUOGM
FSU Oil & Gas Monitor
COMMENTARY
Russia-EU gas crisis enters next phase as Germany, Italy and France all
report cuts in supply 4
Fiscal challenge for Azerbaijan is to not spend the oil price boom 6
PIPELINES & TRANSPORT
TurkStream to shut down for maintenance on June 21-28 8
Gazprom, CNPC sign technical deal on Far East gas route to China 9
Kazakh oil exports via Novorossiysk set for further disruption 10
PERFORMANCE
Russia emerges as top Chinese oil supplier in May 11
POLICY
The EBRD will lend up to €300mn to Naftogaz 12
Ukraine attacks oil platforms off Crimea, local leader claims 12
Shah Deniz project will start paying Azerbaijani income tax 13
PROJECTS & COMPANIES
Uzbekistan's GTL complex produces first synthetic oil 14
Gazprom Neft lands rights to eight Taymyr exploration licences 14
Novatek head downplays concerns of Arctic LNG-2 launch delays 15
Karachaganak partners to send more gas to Russia's Orenburg plant 15
NEWS IN BRIEF 16
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Week 25 22•June•2022 www. NEWSBASE .com P3