Page 17 - FSUOGM Week 04 2023

FSUOGM NEWS IN BRIEF FSUOGM

the controversial figure was previously Kazakhstan, Russia reportedly Kyrgyzstan boosts natural gas
known to have paid himself and top
Naftogaz executives huge bonuses during sign agreement on processing imports from Russia in 11M22
his time as CEO from 2014-2021. Prime
Minister Denys Shmyhal’s Cabinet of natural gas in Orenburg Russian export earnings on natural gas
dismissed Kobolev in April 2021 citing a supplied to Kyrgyzstan stood at $45.9mn
UAH19bn loss the previous year. Deputy Prime Minister of Kazakhstan in 11M22, representing a 6% y/y increase,
Nevertheless, he played an active role in Roman Sklyar and chairman of the board Trend reported on January 23, citing the
pushing through significant changes that of Russian energy giant Gazprom Alexey Kyrgyz National Statistics Committee.
transformed Naftogaz from being a burden Miller have signed an agreement on a Kyrgyzstan during the period also
on the state to the single largest contributor project roadmap for the processing of imported natural gas from Uzbekistan
to the state budget. In addition, Naftogaz Kazakh natural gas in Russia, Expat Guide worth $5.2mn.
successfully sued Russia’s Gazprom in 2018, Turkey reported, citing the Kazakh prime Meanwhile, Russian exports of
which cost the Russian gas producer $5bn minister. petroleum products to Kyrgyzstan totalled
in a settlement paid to Kyiv. Kazakh natural gas would reportedly $445.2mn in 11M22, marking an increase
be processed at the Orenburg natural gas of 57.3% y/y.
processing plant in Russia. Russia’s exports of goods to Kyrgyzstan
Aliyev says Azerbaijan will Russian border. increased by 25% y/y to $2bn, data also
Orenburg is located near the Kazakh-
showed.
increase gas exports to Europe of natural gas Kazakhstan hopes to process Kyrgyzstan's natural gas needs in 2021 were
The committee estimated that 84% of
The report did not specify the volume
to at least 20 bcm by 2027 in Russia and whether that gas would be met by imports from Russia.
meant for domestic consumption or export.
Azerbaijani President Ilham Aliyev
speaking on 19 January at a panel meeting Kazakh authorities impose
on the topic “Eurasian Middle Corridor: Uzbek, Kazakh and Turkmen
from track to highway” at the World another six-month ban on export
Economic Forum in Davos stated that by earnings on gas sales to China
2027, Azerbaijan will export at least 20 bcm of petroleum products
of gas to Europe. in 2022 revealed by customs
He mentioned that in 2021, exports to The Kazakh authorities decided on January
the EU market exceeded 8 bcm and that this data 22 to once again impose a six-month ban on
year it will be at least 11.6 bcm. He further the export of petroleum products by road
said that the total volume of exports in 2023 Uzbekistan’s earnings on 2022 gas sales to starting from February 1.
will be 24 bcm. China amounted to $1.07bn, up by 33.9% Astana has previously imposed several
He also said that the memorandum of y/y, TASS has reported with reference to similar bans on the export of petroleum
understanding signed between the EU the Main Customs Administration of the products by road. The latest six-month ban
and Azerbaijan in the summer of 2022 People's Republic of China. was introduced in July 2022.
suggests that they will double the supplies Kazakhstan was fourth in terms of The latest government order read that
by 2027. In order to increase the supply of export revenues on gas supplies to China at it was "to impose a six-month ban on the
Azerbaijani gas to the EU, Aliyev said that $1.08bn, while Uzbekistan placed fifth, the export of petrol, diesel fuel and certain
it is necessary to increase the number of data also showed. Turkmenistan, the biggest types of petroleum from the territory of
interconnectors in Europe. supplier of piped gas to China, retained first Kazakhstan by road".
He also added that last year an place with revenues of $10.25bn, up 51%. The measure is meant to prevent
interconnector was opened between Greece Uzbekistan in December suspended shortages of petroleum products on the
and Bulgaria which made it possible to start gas supplies to China after parts of the domestic market, since cheaper prices of
deliveries to Bulgaria and from this year to country reported fuel shortages for heating. petrol and diesel fuel in the country than
Romania. Nevertheless, in that month Uzbekistan's in neighbouring Kyrgyzstan and Russia
Azerbaijan began exporting gas to Chinese payments from gas supplies, motivates individuals to profit off the price
Europe on December 31, 2020. Currently, amounted to $40mn, according to the difference. ™
buyers of Azerbaijani gas in the EU are Italy, Chinese customs data.
Greece, Bulgaria and Romania.

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