Page 3 - FSUOGM Week 15

FSUOGM CONTENTS FSUOGM
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FSUOGM
FSU Oil & Gas Monitor
COMMENTARY
OPEC+ cuts deep into global supply, but not deep enough 4
Kazakhstan commits to major cut in oil production 6 PIPELINES & TRANSPORT
Russian LPG exports via railway hit five-year low 7 Gazprom pushes ahead with work to expand Chinese gas sales 8 Ukraine ends heating season with largest gas stocks for 30 years 9 Russian LPG exports via rail hit five-year low 9
INVESTMENT
Shell quits 8bn barrel Russian oil project 10 Gazprom places €1bn in eurobonds 11 Russian oil and gas names hurt by renewed OPEC+ deal: BCS 11 SOCAR, BP delay greenlight for $1.6bn Turkish petchem venture 12
PERFORMANCE
Regal ups output, but revenues slide in 2019 12
Novatek overseas sales slump in Q1 13 POLICY
Azerbaijan agrees 164,000 bpd cut to oil output 13 PROJECTS & COMPANIES
Lukoil brings three fields into trial production in northern Russia 14 Tengizchevroil halts non-essential work on $45bn expansion 14 Georgia-focused Block slashes spending, shuts down wells 15 Sino-Kazakh venture to build pipe factory 16
NEWS IN BRIEF 16
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Week 15 15•April•2020 w w w . N E W S B A S E . c o m P3