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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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Azerbaijan's 2027 budget draft projects gas output of 48.5 bcm, oil at 26.6mn tonnes
Hormuz windfall lifts Russia's fossil fuel export earnings to highest since 2022 - CREA
Russia earned €754mn a day from fossil fuel exports in October, the most since December 2022, as Urals crude averaged more than twice the Western price cap.
Kazakhstan quietly stops shipping oil through Russia's Baltic port of Ust-Luga
Kazakhstan has shipped no oil through Russia's Baltic port of Ust-Luga since September, citing technical limits on Russian pipelines, its energy ministry said on November 12.
India's crude imports hit record in September as Russia's share drops to 35%
India's crude imports hit a record 5.4mn barrels a day in September while Russia's share fell to 35% from 45% in August, according to OPEC's monthly report.
Kazakhstan's QazaqGaz selects Chinese-led consortium for Kashagan gas processing plant
Kazakhstan’s state-run gas company QazaqGaz (KASE:KZTG) has selected a Chinese-led consortium to build a gas-processing plant at the Kashagan oilfield, advancing a long-delayed project intended to increase domestic gas supplies.
China Development Bank provides $433mn loan for Kazakhstan petrochemical pipelines
China Development Bank (CDB) has agreed to provide a loan of up to CNY 2.89bn ($433.26mn) to Kazakhstan’s KazMunayGas and KMG PetroChem to finance the construction of long-distance pipelines to serve petrochemical production.
Turkmenistan's TAPI pipeline nears Afghan city Herat, Pakistan's interest rekindled
Satellite images show Turkmenistan's TAPI gas pipeline has reached a site about 22 kilometres west of Herat's industrial district in Afghanistan.
Hungary, Serbia, Turkey haggle over Russian gas as Europe's winter squeeze tightens
Russia's last pipeline gas customers in Europe are haggling over price and terms as the continent's storage drains at a record pace and prices top $1,000 per 1,000 cubic metres.
Uzbekistan applies 2.5-fold price hike to household LPG, targeted subsidies will go to vulnerable
Uzbekistan is set to increase the retail price of LPG for households to UZS 5,000 ($0.41) per kilogram from UZS 2,000, with effect from November 15, while introducing targeted compensation for eligible households deemed socially vulnerable.
Greek tankers halve Russian oil cargoes as Gulf freight boom lures ships away
Greek shipowners more than halved their Russian crude cargoes in October to a two-year low, lured by booming Gulf freight and deterred by Black Sea attacks.
Ukraine's strikes hit Russian refineries representing 30% of capacity as Abu Dhabi talks open
Ukrainian drone strikes have hit refineries representing about 30% of Russia's oil refining capacity, as US, Russian and Ukrainian negotiators met in Abu Dhabi.
Kazakhstan, Tajikistan sign fuel supply framework, firms agree $2.5bn of deals
Kazakhstan and Tajikistan signed a framework agreement on fuel supplies and 19 other cooperation documents following talks between Kazakh President Kassym-Jomart Tokayev and Tajik President Emomali Rahmon in Astana on November 7.
Kazakhstan ships just 8,000 tonnes of petrol to Russia since summer as rationing returns
Kazakhstan has shipped only about 8,000 tonnes of petrol to Russia since the summer, as Russian regions start rationing fuel again.
SOCAR brings new 16-well platform online at Azerbaijan's West Absheron field
Azerbaijan's state-owned SOCAR has commissioned a new offshore production platform at the West Absheron oilfield in the Caspian Sea, advancing efforts to expand output from mature fields as national crude production continues to decline.
Kazakhstan extends fuel export ban until May 2027 to protect domestic supplies
Kazakhstan has extended restrictions on gasoline, diesel and other petroleum product exports for another six months, seeking to protect domestic fuel supplies and prevent cross-border smuggling.
EU court delivers final blow to Nord Stream 2 challenge against gas market rules
The EU’s highest court has rejected a final appeal by Nord Stream 2 AG against regulations extending the bloc’s gas market rules to pipelines from third countries.
Russian court seizes oil cargo from drone-damaged tanker over $9mn salvage dispute
A Russian court has ordered the seizure of oil aboard a tanker damaged in an October drone attack in the Black Sea, following a dispute over nearly RUB754mn in unpaid salvage fees.
Urgent probe into possible hidden efforts made to disrupt Mongolia’s fuel distribution ordered by president
Mongolia’s President Khurelsukh Ukhnaa has ordered an urgent investigation into whether coordinated efforts are being made to disrupt fuel distribution in the country for narrow political or business interests.
Ukrainian drones strike Russia’s second-largest refinery as fuel shortages worsen
Ukrainian drones struck Russia's Kirishi oil refinery in the Leningrad region overnight on November 9, triggering a fire at one of the country's largest fuel-producing facilities amid growing disruption to Russian refining operations.
KazMunayGas and CNOOC launch seismic survey at prospective Caspian oil block
Kazakhstan's KazMunayGas and China's CNOOC have begun seismic exploration at the Zhylyoi block near the Caspian Sea, advancing a $31.5mn exploration programme targeting potentially significant oil resources.
Ankara confirms definitive stop put on Turkmen gas imports to Turkey via Iran, US sanctions concerns derailed deal
A definitive stop appears to have been put on Turkey's stop-start imports of Turkmen gas via an arrangement with Iran.
Russia takes control of sanctioned heavy-lift vessels supplying Arctic LNG 2
Two specialised cargo ships previously operated by a Chinese company have transferred to Russian ownership, strengthening Moscow's control over equipment deliveries to its sanctioned Arctic LNG 2 project.
Bashneft launches high-output horizontal well at mature Russia's Arlan oilfield
Russia's Bashneft, a subsidiary of Rosneft, has commissioned a new horizontal well at the mature Arlan oilfield in Bashkortostan.
Rosneft reimposes fuel rationing across Russian regions following refinery attacks
Russia's state-controlled oil producer Rosneft has reintroduced restrictions on petrol and diesel sales at filling stations across several Russian regions.
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