Page 3 - FSUOGM Week 20

FSUOGM CONTENTS FSUOGM
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FSUOGM
FSU Oil & Gas Monitor
COMMENTARY
Rosneft posts first quarterly loss since 2012 as low prices bite 4 Germany denies Nord Stream 2 a waiver from EU law 6 A slow and painful recovery 8
PIPELINES & TRANSPORT
Gazprom starts designing $20bn gas pipeline to China 13 Turkey drops Russian pipe gas for Yamal LNG 14 Kazakh oil exports to China rise fourfold in May 15
PERFORMANCE
Nostrum sees earnings plunge further in Q1 15
Sibur cushioned COVID-19 blow by petchem ramp-up 16 POLICY
Russia mulls creating strategic oil reserve 17 Rosneft to deliver 9mn t of oil to Belarus 17 Naftogaz changes the guard 18
PROJECTS & COMPANIES
SOCAR eyes oil storage in Ukraine 19 Gazprom Neft drills first fishbone well at Chayandinskoye 19 Tengiz, Kashagan begin output cuts 20 Rosgeo to explore Equatorial Guinea 20
NEWS IN BRIEF 21
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