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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 ghost ship towed from Gdynia for scrapping in Denmark
Polish authorities began the removal of the derelict Russian oil tanker Khatanga from the Port of Gdynia after years of abandonment.
Caspian Pipeline Consortium plans legal claim over Ukraine drone strike
The Caspian Pipeline Consortium (CPC) is preparing to file a claim against Ukraine over a drone strike that cost the company an estimated RUB2.7bn ($34mn) in damage, the company’s general director Nikolay Gorban announced on June 18.
Putin acknowledges Kazakhstan’s push to diversify oil exports, affirms Russian support
Russian President Vladimir Putin said Moscow is prepared to support Kazakhstan’s efforts to diversify oil export routes, even as the vast majority of Kazakh crude continues to flow through Russian territory.
Russia ready to provide cheap gas, crude oil despite difficulties, Hungarian FM says in St. Petersburg
Despite international tensions and European Union efforts to curb energy cooperation with Russia, Hungary will continue to rely on Russian natural gas and crude oil to ensure stable and affordable energy supplies.
Chinese firms lead pipeline tenders at Chevron-operated Tengiz field in Kazakhstan
Chinese companies are securing leading positions in pipeline construction tenders at Tengiz oilfield in Kazakhstan, operated by US multinational Chevron, Upstream reported on June 17, citing sources familiar with the project.
Turkmenistan’s gas export expansion deals with China, Iraq and Turkey could all be in trouble
Chinese President Xi Jinping only made vague comments for media consumption about China boosting natural gas cooperation with Turkmenistan when he met the Central Asian country’s President Serdar Berdimuhamedov this week.
Kazakhstan to invest $15bn in oil and gas chemical sector through six strategic projects
Kazakhstan plans to invest $15bn in its petrochemical sector through six major projects, aiming to shift from raw material exports to value-added industrial production.
Carbon capture and storage has reached a ‘turning point’, says DNV
A new report from DNV anticipates that total funding for carbon capture and storage will hit $80bn by the end of this decade
SPP flags up risk of getting sued by Gazprom if it breaks gas supply contract
Slovakia’s state-owned gas importer SPP has raised concerns that Gazprom could demand up to €16bn in compensation if Bratislava terminates its long-term gas contract early.
ISRAEL IRAN WAR: is the war good news for the Russian budget?
The outbreak of full-scale conflict between Israel and Iran caused oil prices to jump that will provide the Kremlin with a welcome fresh infusion of cash at a time when military spending continues to balloon.
Russia's Gazprom ploughs ahead with property sales
Once one of the Kremlin’s favoured cash cows, Gazprom has had to significantly rein in spending, which has been criticised by analysts in the past for being inefficient and sometimes lavish.
Uzbekistan’s president tightens grip on local governance as energy woes and reform delays mount
Uzbekistan’s President Shavkat Mirziyoyev has ordered a sweeping shake-up of local governance structures and has tightened oversight of reforms amid growing concerns over bureaucratic inertia and poor public service delivery.
New IMO rules pose serious problems for sanctioned Russian shipping
The International Maritime Organisation’s adoption of its Net-Zero Framework in April has raised significant compliance hurdles for Russia’s shipping industry.
Murmansk LNG faces mounting challenges
Caspian Sunrise postpones 2024 results release, pending outcome of asset sale
Kazakhstan-focused Caspian Sunrise has delayed the publication of its 2024 financial results until the outcome of an $88mn asset disposal becomes clearer.
US resists EU and UK push to cut Russian oil price cap at G7 summit
The US is resisting calls from European governments to reduce the G7 price cap on Russian oil from $60 to $45 per barrel, frustrating efforts by the EU and UK to increase financial pressure on Moscow as leaders meet for a G7 in Canada.
COMMENT: Israel-Iran conflict intensifies with limited macro fallout but mounting geopolitical risk
The recent escalation in hostilities between Israel and Iran has signalled a shift from earlier, more calibrated exchanges to a broader and more sustained confrontation.
ING: Oil in focus as Israel-Iran conflict escalates
Commodity markets are focused on escalating geopolitical tensions between Israel and Iran, with the Middle Eastern conflict sparking a surge in oil prices.
Hungary reiterates veto threat over new EU sanctions on Russian energy
Hungary to initiate the removal of a recommendation to phase out Russian energy imports from the agenda of EU energy ministers' summit in light of the situation in the Middle East.
Slovak PM Fico wants EU leaders to postpone vote on new sanctions against Russia
Fico had previously criticised the plan to phase out Russian fossil fuel imports by 2027, which the EU introduced last month.
TurkStream, last pipeline route for Russian gas to Europe, offline for maintenance
Russia has fully suspended pipeline gas deliveries to Europe after flows through TurkStream – the last remaining export route – were halted for scheduled maintenance from June 10-17.
Kazakhstan shows interest in exporting oil, gas and uranium to Slovakia
Kazakh President Kassym-Jomart Tokayev has expressed Kazakhstan’s readiness to begin exporting oil, gas, uranium and other goods to Slovakia.
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