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Overview
Russia and the other former Soviet republics are often viewed as remote and obscure, but FSU OGM sheds light on the vital role these countries play in world energy markets. It explains the region's status as a key player in the EU's energy planning, while also focusing on the progress of efforts to expand deliveries to Asia.
Leading commentaries in recent years have covered the economic consequences of political unrest in Ukraine, efforts to open the Southern Gas Corridor between the Caspian Sea Basin and the EU, competition between Russia and Central Asia for access to the Chinese gas market and the continued rise in Russian liquids production.
Our journalists on the ground have a wealth of local experience and are proficient in Russian and other languages in Central Asia, allowing us to provide an unparalleled level of industry coverage.
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Russian oil major Tatneft to pay 75% of profit in dividends
The board of Russian regional oil major Tatneft of the Tatarstan republic recommended a 4Q23 dividend of RUB25.17 per share, making a total 2023 dividend of RUB87.88 per share.
EU’s 14th sanctions package could include LNG, shadow tanker fleet
The upcoming 14th sanction package of the European Union for Russia’s full-scale military invasion of Ukraine will be directed at Russia’s liquefied natural gas sector and shadow tanker fleet transporting Russian oil.
Scarcity & security: European impact of Biden's LNG decision
Biden’s LNG freeze make little sense for both European and the US energy security, and won’t promote a green energy transition.
Europe unlikely to tackle Russian LNG imports anytime soon
The European Parliament voted in favour of rules earlier this month that would enable individual EU member states to block Russian LNG imports, by preventing Russian companies from booking capacity at gas infrastructure.
COMMENT: Can China compensate for Russia’s losses on the European gas market?
“Building the Power of Siberia 2 gas pipeline from Russia to China is a rational decision that would have made sense even before the war, but the project will never be able to replace Russia’s decimated gas trade with Europe."
High gas prices make EU industry uncompetitive: Sefcovic
High gas prices are seriously undermining the competitiveness of EU industry on the world stage.
Kazakhstan considers building Caspian oil pipeline
Kazakhstan imports 500 mcm of Russian gas in Q1
Kazakhstan imported 500 mcm of Russian gas in the first quarter of this year, under a contract between state energy companies QazaqGaz and Gazprom.
Austria drafts bill on ending Russian gas imports in 2027-28
Austrian Energy Minister Leonore Gewessler has sent a bill to the country’s coalition government on halting Russian gas imports by 2027-28, even though state energy giant OMV’s long-term contract with Gazprom does not expire until 2040.
FSUOGM: Novatek sees slight rise in gas supply in Q1
Oil infrastructure threatened as flooding continues to plague western and northern Kazakhstan
SEFE concerned as Russia targets gas storage tanks in Ukraine
German gas trader SEFE has expressed concern over recent Russian attacks targeting Ukraine's largest underground storage facility with a capacity of 30bcm.
Will the Baku-Supsa pipeline become Azerbaijan's second oil export artery?
Despite the global "green transition," predictions of decreasing demand for fossil fuels have not yet been realized. And sanctions imposed on Russia are rewriting energy export routes.
Kazakhstan suspends work on 634 oil wells due to floods
Eurasia has 20 major petrochemical projects underway worth over $200bn to double plastics production
Eurasia has 20 major petrochemical projects underway worth over $200bn to double plastics production.
Kazakhstan’s Kashagan claims against big oil firms now reportedly top $150bn
Astana said to have added $138bn claim for lost revenue, arguing energy majors developing Caspian Sea field have not fully delivered on production pledges.
Uzbekistan rejects reports of Afghanistan returning low-quality petroleum product as “completely untrue”
Republic of Congo expands oil partnerships, eyes closer ties with Azerbaijan
The Republic of the Congo’s President Denis Sassou-Nguesso is diversifying the West African country’s oil and gas partnerships in search of reliable allies to explore its substantial reserves.
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