News about gas: events, facts and developments on tafs uz.
20 stories
Speaking on October 27 at the eighth summit of the Gas Exporting Countries Forum in Moscow, Vladimir Putin said that Russia acts as a responsible and predictable supplier of gas abroad. Following the meeting, the Moscow Declaration is expected to be adopted.
Aziz KarimovItaly's Eni and France's TotalEnergies signed contracts worth up to $1.8 billion to develop the Cronos field in Cyprus's exclusive economic zone. Gas production is expected to begin in the first half of 2028, with exports planned to European markets via Egypt's infrastructure, primarily the Damietta LNG plant.
Otabek YusupovPress secretary of the Russian president Dmitry Peskov said that Russia is interested in supplying gas to any economically profitable markets, commenting on the prospects for exports to Europe. At the same time, the EU is abandoning Russian gas according to an approved schedule: the ban on LNG will come into force on January 1, 2027, and on pipeline gas on September 30, 2027. According to Eurostat, in August 2026 Russia became the third-largest gas supplier to the EU, with purchases reaching €1.26 billion.
Aziz KarimovRussian presidential press secretary Dmitry Peskov said that Russia is ready to return to discussions on gas supplies to Europe if European countries show interest and exporters have spare fuel volumes. According to him, part of the gas previously supplied to Europe is now being delivered to other buyers. Vladimir Putin previously noted that Russian LNG accounts for about 20% of the European market, while the EU is preparing a ban on LNG imports under long-term contracts from January 1, 2027.
Otabek YusupovLibya's National Oil Corporation announced the commissioning of the Al-Rashad gas field south of Brega. The field's capacity is up to 50 million cubic feet of gas per day. The ceremony took place on the 65th anniversary of Libya's first oil export shipment.
Otabek YusupovResearchers analyzed data from 66 gas deposits in Western Siberia and proposed an algorithm that determines which measurements at a field are mandatory and which can be neglected. This makes it possible to cut redundant research costs without reducing forecast accuracy.
Aziz KarimovEnergy prices continued to rise amid geopolitical risks: Brent rose 1.14% to $114.47 per barrel, and European gas rose 1.37% to €91.28 per MWh. Yemen's Houthis claimed attacks on Saudi facilities, while reports of possible new US strikes on Iran heightened concerns over Middle East supplies.
Sevara AzamovaThe UK government has approved the start of gas production at the large Jackdaw field in the North Sea after years of legal disputes. The first fuel could reach consumers as early as the end of October. The decision was welcomed by US President Donald Trump but criticised by environmental organisations; the fate of the Rosebank field remains undecided. The UK government has approved the start of gas production at the large Jackdaw field in the North Sea after years of legal disputes. The first fuel could reach consumers as early as late October. The decision was welcomed by US President Donald Trump but criticised by environmental organisations; the fate of the Rosebank field remains undecided.
Sevara AzamovaNational Gas and Neso forecast sufficient gas and electricity supplies for winter 2026/27, but 'tight days' are possible in December and January, requiring standard balancing tools. Gas prices have risen by about 180% and electricity prices by 120% since the start of the American-Iranian war in February. A deal has been concluded with the Belgian interconnector for an additional 5% of capacity.
Sevara AzamovaRussian Deputy Prime Minister Alexander Novak said that only one of the four Nord Stream lines remains operational, while the three damaged ones can technically be restored if there is demand and economic feasibility. The resumption of supplies, according to him, depends on the consent of European consumers, primarily Germany. Earlier, Putin estimated the capacity of the surviving line at 25–28 billion cubic meters of gas per year.
Javlon TursunovRussian Foreign Minister Sergey Lavrov, at a meeting with university graduates newly entering the diplomatic service, criticized the position of German Chancellor Friedrich Merz, who ruled out a return to Russian gas pipelines. According to Lavrov, Berlin's rejection of Russian energy resources led to electricity prices rising three- to fourfold. He also suggested that the US could buy up Russian gas and resell it to Europe under its own brand.
Javlon TursunovThe European Commission said EU gas storage levels are below the historical average due to the impact of the Middle East crisis on LNG prices and supplies. According to Commission spokesperson Anna-Kaisa Itkonen, despite a difficult winter ahead, there is no threat to supply security. The issue was discussed at the European Council summit, and a discussion on creating strategic gas reserves is possible.
Javlon TursunovBrent fell about 3% to $106.18 per barrel, retreating from an intraday high near $112. The decline is linked to reports of a compromise proposal by Qatar and Pakistan on Iran, which, according to sources, received preliminary approval from the US and Tehran. European gas also fell 3% to €85.30/MWh, but storage remains below the seasonal norm.
Javlon TursunovAt the second Central Asian Oil and Gas Forum in Tashkent, an initiative was discussed to link Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan with more than 3,000 km of gas pipelines. The idea's author, Kazakh expert Askar Ismailov, estimates the cost at $5 billion and capacity at 20 billion cubic meters of gas per year. Financing and agreements between governments have not yet been announced.
Nilufar KarimovaTurkish President Recep Tayyip Erdogan announced the dispatch of the Osman Gazi floating production platform to the Sakarya field in the Black Sea, calling it a new page in the country's energy history. The ceremony took place at the Filyos port in Zonguldak province. According to the authorities, by 2027 gas production will rise to 20 million cubic meters per day.
Otabek YusupovDeputy Minister of Economy and Finance Khurshed Mustafayev stated that after tariff reforms the population has switched to saving: average electricity consumption per subscriber decreased from 212 to 184 kWh per month (by 13%), and gas — from 431 to 342 cubic meters (by 21%).
Nilufar KarimovaUzbekistan's Ministry of Energy and Ministry of Economy stated that Russian gas imports continue under the contract despite the accident on the Petrovsk — Yelets trunk pipeline in the Penza region. Kazakhstan also confirmed that transit is proceeding at planned volumes.
Nilufar KarimovaThe Uzenergoinspektsiya inspection reported that over nine months of 2026, 2,795 cases of illegal use of energy resources were identified: 129.1 million cubic meters of gas and 226.4 million kWh of electricity, with damage amounting to 825.3 billion soums. Also, 7,435 tons of low-quality fuel were seized and recalculations were carried out for entrepreneurs.
Dilnoza Rahimova
