Ukraine's flying force says it shot down 46 Russian drones over night

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• Slovakia's SPP indications pilot offer for Azerbaijani gas

  Slovakia's primary gas buyer SPP has signed a shortterm pilot contract to buy natural gas from Azerbaijan and will think about a longerterm deal as it prepares for a possible stop to Russian products via Ukraine, it stated on Wednesday. An offer in between Moscow and Kyiv on Russian gas exports through Ukraine to Europe ends at the end of the year, forcing SPP and others in the European Union to search for alternative sources, including Azerbaijan. Russia has stated it wants to continue to provide gas through Ukraine in spite of the war with its neighbour, while Kyiv has actually refused to take part in discussions with Moscow on gas exports. SPP said it had actually diversified gas purchase contracts with BP , Exxon Mobil, Shell, Eni and RWE, and has up to 150% of its consumers' usage volume readily available as a cushion. It stated that could increase. Due to the high danger of stopping gas products by means of the eastern pipeline, we are taking procedures to ensure safe gas materials to our clients, from big industrial customers to families, in any scenario, SPP CEO Vojtech Ferencz stated. SPP stated Slovakia also had diversified transit routes for supplies in case of a blockage through the pipeline going through Ukraine. That includes a pipeline from Germany going through the Czech Republic. It stated a southern transit path through the Turk Stream pipeline throughout the Black Sea would be necessary if Ukraine transit stops, and part of its Russian or Azerbaijani gas might travel by means of that pipeline. It included it would take more measures for supply security if flows by means of Ukraine were stopped, however that these would be more costly. If the business were to lose Russian deliveries and purchase the whole needed volume from another source and physically transit it to Slovakia, it would cost it a minimum of 140 million euros ($148.6 million) more, SPP stated.

• Caspian Pipeline Consortium cuts oil exports by 1% in Jan - Oct, sources say

  The Caspian Pipeline Consortium (CPC), which exports Kazakhstan's oil via the Black Sea, lowered oil materials in January October by around 1.2%. year on year to 1.378 million barrels per day, two market. sources said on Wednesday. In October alone, CPC exports declined to 4.632 million. metric tons from 4.682 million lots in September in the middle of. upkeep at the Kashagan oilfield, according to the sources. The consortium does not comment on its operational. activities. It prepares to boost CPC Blend oil exports in November. to 5.4 million heaps. CPC said in May it expected its oil exports to fall 7% short. of an initial target this year owing to lower loadings from. Tengiz oilfield. The main CPC investors are Russian oil pipeline monopoly.

• Kazakhstan's largest oilfield has cut production by five percent since October 26, according to sources

  Three industry sources said that Kazakhstan's largest oil field Tengiz operated by U.S. giant Chevron has reduced its oil production by about 21% in average since October 26. This is equivalent to 496,200 barrels of oil per day. As a member OPEC+ (an alliance between OPEC, other top producers, and Russia), the Central Asian nation is bound by output targets. The decline in production may allow Kazakhstan to meet its output quota as part of an agreement with OPEC+. According to one source, the maintenance on the field has led to a decline in production. Tengiz's operator did not respond immediately to a comment request. Tengiz increased oil production to a new record in early October, from 687,000 barrels per day in September. After maintenance was completed in August, the output had increased by 30%. Chevron, along with its partners, plans to increase production at the Tengiz Project to 850,000 bpd by the first half 2025. The expansion costs for the project are estimated at $49 billion. Chevron holds a 50% stake. Exxon Mobil owns 25% of the venture, KazMunayGaz holds 20%, and Lukoil, a Russian company, has 5%. Calculations show that Kazakhstan's average daily crude oil production in October was 20% lower than September. This is in line with its OPEC+ quota. Depending on the ratio for converting tons to barrels, the output was between 150,000 and 185,000 bpd below the OPEC+ quota. (Reporting and Editing by Sharon Singleton).

• Ukraine's rolled steel output, exports rise so far in 2024, union states

  Ukrainian steel makers have increased rolled steel production by 20.6% so far in 2024 and improved exports by 53.5%, local steel manufacturers' union Ukrmetprom said. The union said late on Monday that rolled steel output reached 5.3 million metric tons in January-October versus 4.4 million heaps a year earlier, while exports increased to 3.7 million tons from 2.4 million. Ukraine is a major international steel maker and exporter but its production has fallen dramatically given that Russia's full-scale invasion in 2022 as it lost several big steel plants in the east of the nation. The potential loss of the only domestic source of coking coal needed for steel production could be an additional test for the Ukrainian steel industry, with Russian troops just a couple of kilometres far from the mine in Pokrovsk, which continues to operate. The mine operates round the clock. The variety of employees at the website is 3,400, Oleksandr Kalenkov, head of Ukrmetprom, informed Reuters. Kalenkov informed Reuters last month that the loss of the Pokrovsk mine could cause steel production to slump to 2-3 million lots a year from 7.5 million tons expected in 2024. Metal exports were worth nearly $2 billion in the very first eight months of this year, according to trade data, cash needed to keep Ukraine going 2 and a half years into the war. Steel and agricultural products typically control Ukrainian exports.

• Russia's Novatek might raise naphtha exports to 600,000 T/month from Ust-Luga

  Russian energy company Novatek might increase exports of naphtha from its UstLuga complex on the Baltic Sea to up to 600,000 lots a months after upkeep and thanks to a brand-new processing system, two market sources stated on Tuesday. They said Novatek raised operations at all the 3 condensate fractionation systems previously in November at the complex to capacity of 25,000 heaps per day. Novatek did not respond to an ask for comment. In August, Novatek started operations at its new processing unit at the complex. In October, Novatek exported around 385,000 lots of naphtha, almost 110,000 lots of jet fuel and some 42,000 lots of gasoil from the complex, according to the industry sources and LSEG data. The new refining system has annual capacity of 3 million tons of gas condensate - a liquid feedstock comparable to light crude oil, processing it into light and heavy naphtha, jet fuel, fuel oil and gasoil. In 2023, the complex processed 7 million metric tons of gas condensate, Novatek data showed. Novatek exports naphtha mostly to Asia, consisting of China, Singapore, Taiwan and Malaysia, LSEG data programs.

• Ukraine's flying force says it shot down 46 Russian drones over night

  Ukraine's flying force said on Tuesday that it shot down 46 out of 110 Russian drones introduced overnight. The air force said 60 Russian drones were lost in Ukrainian air space and two more left toward Belarus. Russian forces likewise used 3 missiles during the overnight attack, in addition to directed aerial bombs, the flying force stated. Kharkiv regional governor Oleh Syniehubov stated a late Monday evening attack on the city of Kharkiv had actually injured 3 individuals and harmed windows in 20 residential structures. Particles falling in the central Kyiv region also damaged 10 personal houses, a garage and a vehicle, according to the regional authorities. Blasts in the main region of Cherkasy damaged windows of a business and caused a fire on open area, its governor stated.

• Union: Ukraine's rolled-steel exports and output will rise by 2024.

  Ukrmetprom, the local steel producer's union, said that Ukrainian steelmakers have increased their rolled steel production so far by 20.6% in 2024. They also increased exports by 53.5 percent. The union reported late Monday that the rolled steel production reached 5.3 millions tons between January and October, compared to 4.4 million tons one year ago. Exports also increased from 2.4million tons to 3.7million tons. Ukraine is one of the world's largest steel producers and exporters, but production has dropped sharply in recent years since the start of the war with Russia 2022. This was due to the loss of several large steel plants located in the east. Russian troops are only a few kilometers away from the mine at Pokrovsk which is still operating. This could add an extra test to the Ukrainian steel industry. Oleksandr Kalenkov told Ukrmetprom last month that due to the loss of Pokrovsk, the steel production could fall to 2-3 million tonnes a year, from the 7.5 million tonnage expected in 2024. According to trade data, metal exports in the first eight month of this year were worth nearly $2 billion. This money was needed to keep Ukraine afloat two and half years after Russia's invasion. Ukrainian exports are dominated by agricultural and steel products. (Reporting and editing by Kirsty Donovan; Pavel Polityuk)

• Russian, Indonesian navies hold joint counter-terrorism drills

  Russian and Indonesian ships practiced releasing a vessel recorded by terrorists and fought unmanned boats throughout the first joint naval workouts in between the 2 nations in the Java Sea, Russia's RIA state news company reported on Monday. The joint workout, which started recently, came as newly inaugurated Indonesian President Prabowo Subianto promised better ties with Russia on defence, in a quote to forge relate to any country as part of Jakarta's long-held non-aligned foreign policy. The teams of the joint detachment of ships practiced manoeuvring and communication, as well as assessment of suspicious vessels, RIA reported, citing the press service of the Russian Pacific Fleet. Training was also performed to counter unmanned boats with firing from automated weapons mounts and small arms. Deck helicopters were utilized to practice joint jobs, RIA reported. From the Russian side, the corvettes Gromkiy, Rezkiy, Hero of the Russian Federation Aldar Tsydenzhapov, and the medium sea tanker Pechenga took part in the drills. From the Indonesian side, the frigate I Gusti Ngurah Rai and the corvette Frans Kaisiepo took part, RIA reported.

• IKEA store operator Ingka Group sells last Russian possession, RBC daily reports

  Ingka Group, which runs most IKEA stores internationally, has actually offered its final asset in Russia, a. warehouse near Moscow, to Russian business person Robert Uzilov, the. RBC company daily reported on Friday, citing 3 unnamed. sources. Ingka sold its 14 MEGA-branded mall in Russia to. Gazprombank Group in September 2023, joining ratings of Western. companies abandoning the Russian market after Moscow sent its. army into Ukraine in February 2022. RBC, which cited two unnamed sources in Russia's commercial. realty market and a unnamed agent of Uzilov, did. not report the rate. Reuters could not separately confirm the. report. Ingka did not right away respond to a request for remark. Uzilov could not immediately be grabbed comment. Inter IKEA owns the IKEA brand and makes IKEA. products, providing franchisees including Ingka. When finalising the shopping malls sale, Ingka Centres,. which had existed in Russia for more than 20 years, said. the deal would leave the company with no more functional. service in the nation.

• Europe can replace gas coming via Ukraine utilizing LNG terminals, Snam CEO states

  Europe can utilize numerous liquefied natural gas (LNG) terminals to replace Russian gas streaming through Ukraine when a transit deal ends at the end of December, the CEO of Europe's most significant gas grid operator Snam said on Thursday. Russia delivered about 15 billion cubic metres (bcm) of gas by means of Ukraine in 2023 - only about 8% of peak Russian gas streams to Europe through various routes in 2018-2019 - providing primarily Hungary, Slovakia and Austria. Ukraine has actually declined to renew the transit deal with Russia due to the continuous military invasion. With the deal concerning an end this year, some issues have emerged over energy security dangers for these countries. Europe has lots of LNG facilities to offset this 15 bcm of Russian gas, Snam's Stefano Venier said, speaking at a. post-result conference call. Venier pointed out an LNG terminal that began operations. in Greece's northeastern port of Alexandroupolis in October, and. a floating terminal that Snam will position offshore the Italian. city of Ravenna early next year. The group has likewise finished works to increase its gas. export capacity towards Austria to 9 bcm from a previous 6 bcm. Snam on Thursday reported a 12% rise in nine-month core. profits to 2.09 billion euros. Speaking with Reuters after the results, Snam's Chief. Financial Officer Luca Passa verified the group remained in. negotiations with Eni over the energy group's carbon capture and. storage (CCS) department. We are doing due diligence on the brand-new Eni CCS unit spinoff. to become a partner and ultimately round up our stake ... this. would enable us to diversify our presence in this location of. service, Passa said. Snam has completed the financing for this year and could start. to do pre-funding activities for 2025 with future relocations. depending upon the reaction of the financial markets to the U.S. elections, Passa stated.

• Europe can easily change gas coming via Ukraine with LNG, Snam CEO says

  When a transit deal expires at completion of the year, Europe can quickly replace Russian gas flowing through Ukraine with melted natural gas (LNG), the CEO of Europe's greatest gas grid operator Snam said on Thursday. Russia shipped about 15 billion cubic metres (bcm) of gas via Ukraine in 2023 - just about 8% of peak Russian gas flows to Europe through various routes in 2018-2019 - providing primarily Hungary, Slovakia and Austria. Ukraine has refused to renew the transit deal with Russia due to the continuous military invasion. With the deal coming to an end this year, some concerns have arisen over energy security risks for these nations. Europe has plenty of LNG centers to offset this 15 bcm of Russian gas, Snam's Stefano Venier said, speaking at a. post-result teleconference. Venier described an LNG terminal just recently included Greece. and a floating terminal due to start operations in Italy at the. beginning of next year. The group has also completed works to. increase its gas export capacity towards Austria to 9 bcm from a. previous 6 bcm. Snam on Thursday reported a 12% rise in nine-month core. revenues to 2.09 billion euros. Consulting with Reuters after the results, Snam's Chief. Financial Officer Luca Passa confirmed the group remained in. settlements with Eni over the energy group's carbon capture and. storage (CCS) department. We are doing due diligence on the brand-new Eni CCS system spinoff. to end up being a partner and eventually round up our stake ... this. would allow us to diversify our presence in this location of. organization, Passa said. Snam has actually completed the financing for this year and might begin. to do pre-funding activities for 2025 with future relocations. depending on the response of the monetary markets to the U.S. elections, Passa said.

• Three Finnish airports mitigate Russian GPS interference with radio navigation

  3 airports in Eastern Finland are reintroducing radio navigation equipment to help with aircraft landings throughout times that authorities believe Russia is hindering satellite navigation, their operators informed Reuters. Finland thinks Russia is troubling signals used in navigation, the Worldwide Navigation Satellite System (GNSS) and Worldwide Positioning System (GPS), in eastern Finland and the Baltic Sea area, to safeguard its oil ports and other tactical properties from Ukrainian air campaign or drones. Russia has rejected disrupting communication and satellite networks. 2 Finnish airports run by Finavia in the towns of Joensuu and Savonlinna, both about an hour's drive from the Russian border, presented refitted ground equipment in September, while another airport in Lappeenranta is preparing to do the same as soon as possible, the operators said. The radio-based Range Measuring Devices, formerly widely used in air travel, provides an alternative technique method for airplane during GPS interference, stated Finavia's. head of infrastructure and security, Henri Hansson. We have actually kept some earlier system facilities, even if it. has not necessarily remained in operational use. Now we have actually been. able to upgrade it to put it back into use, he told Reuters. Hansson declined to comment on the expense of the upgrades. Finavia reintroduced the devices after 2 domestic. flights of nationwide carrier Finnair to Joensuu needed to. be aborted in June and August due to GPS interference. Various levels of GPS disturbance are discovered daily in. aviation in the nation, the Finnish Transportation and. Communications Company Traficom said, with the majority of reports coming. from southern Finland. Ryanair has actually operated its regular flights to the. smaller sized Lappeenranta airport without interruptions, regardless of being. impacted by the signal interference, the airport's chief. executive Jukka Himanen stated. A few private flights, with smaller sized devices, have actually been. cancelled or gone to an alternate airport due to disturbance,. he informed Reuters, adding the airport was preparing to include a. landing approach based upon radio navigation. In April, Finnair paused some flights to Tartu in. eastern Estonia for a month for the same factor, but resumed. them in June after the Estonian airport set up a brand-new technique. option that did not require GPS signals. Estonia, too, has implicated Russia of violating worldwide. airspace regulations by disrupting GPS signals.