... Asia–Center pipeline system. This system was widely used in the 1990s and early 2000s when Gazprom purchased Turkmen gas for resale to Europe, utilizing Ukraine’s gas transit system built during the Soviet era,” notes Sergey Tereshkin, CEO of the Open Oil Market. However, this pipeline is currently used for reverse gas flows from Russia to Uzbekistan, Tereshkin points out. The Central Asia–Center pipeline system is controlled by Gazprom and consists of pipelines running from Turkmenistan through Uzbekistan and Kazakhstan to Russia. This leaves Azerbaijan as the most realistic partner in this scenario. Currently, Azerbaijan delivers gas to the European Union via Turkey using the TANAP ...

... resource demands. Discover how these factors are reshaping the fuel market and how the electricity sector in Russia will evolve. We will analyze the impact of geopolitics on the coal industry and renewable energy amid a changing global landscape. Oil and Gas Industry News, Monday, August 4, 2025: Brent Holds Near $70 Amid OPEC+ Output Increase, EU Gas Reserves Exceed 70%, Gasoline Export Ban Now in Effect In the latest overview of the fuel and energy complex, we explore key events and trends as of August ...

... Brussels has helped avoid an escalation of the trade dispute. The parties agreed on mutual tariff reductions and a significant increase in American energy exports to Europe, which has improved investor sentiment and raised expectations for growth in U.S. oil and gas demand. Additionally, the U.S. has intensified dialogue with India to reduce trade barriers, easing global tensions. Geopolitical Risks and Sanctions. President Donald Trump has escalated rhetoric towards Moscow, issuing an ultimatum to resolve the ...

... fuel prices. In July, the volume of damping payments rose to a record ~60 billion rubles, helping curb the price increase of gasoline for end consumers. However, such expenditures are burdening the federal budget. According to the Ministry of Finance, oil and gas revenues to the Russian treasury in July amounted to about 787 billion rubles—below the planned level and the third consecutive month lower than expectations. The government is discussing the possibility of temporarily adjusting or suspending the ...

On August 5, 2025, news from the energy sector captured the attention of experts: U.S. President Donald Trump pressured India to increase its oil and gas purchases. Meanwhile, Russia decided to limit fuel exports, which could impact global markets. In this article, we will examine how these events are affecting the oil product market, the repercussions for the energy balance in the CIS and worldwide,...