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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 increased production of petrol by 14.8% and diesel by 7.8% in January-February
Net profit at KazMunayGas drops 30% in 2023
An FT Investigation shows that insurance policies for Russia’s shadow fleet of tankers have a sanctions get-out clause
Russian oil tankers in the extensive shadow fleet are reportedly bypassing Western sanctions by using questionable insurance coverage, according to leaked documents seen by the Financial Times, the paper reported on March 15.
India's reduced Russian crude imports signal shifting energy alliances
Amid escalating Western sanctions, India scaled back its procurement of Russian crude in February, exacerbating trade strains between the two nations.
Ukraine strikes Russian refineries in major assault, fuel prices surge
According to the SBU, on the night of March 13, coordinated drone strikes hit three major Russian oil refineries located in Ryazan, Kstovo (Nizhny Novgorod region).
US produced more oil in 2023 than any country for sixth consecutive year
The US produced more oil than any country at any time for the past six years in a row, according to the US Energy Information Administration.
South Korea makes big reduction in Russian fossil fuel imports
South Korea has made significant progress in reducing its energy dependence on Russia since the start of the Ukraine war, according to a report published recently in the Asia-Pacific journal The Diplomat.
Russian oil refineries set ablaze in second day of Ukrainian attacks
Relentless attacks on Russian refineries have led to widespread disruptions in the nation's energy supply chain.
Drone attacks put more pressure on Russian oil refining
Iraq in talks with Iran to get Turkmenistan gas via Iranian pipeline
Iraqi Electricity Minister Ziad Ali Fadel said his country was in talks with Iran to use its pipelines to import natural gas from Turkmenistan.
Ukraine incurs losses in Russian gas transit, Naftogaz chairman reveals
Naftogaz of Ukraine, the national energy company, is grappling with substantial losses stemming from the transit of Russian gas through its infrastructure, according to Oleksiy Chernyshov, the chairman of Naftogaz's board.
Azerbaijan to increase the transit of Kazakh oil via the BTC oil pipeline to 2.2mn tpy
The State Oil Company of Azerbaijan (SOCAR) and Kazakhstan's KazMunayGas (KMG), following the results of high-level negotiations, signed two documents on March 11 in Baku.
SOCAR establishes a "green" daughter company
The State Tax Service (STS) of Azerbaijan registered SOCAR Green LLC (a subsidiary of SOCAR) with an authorised capital of $16.5mn.
FDI flow from China to Eurasia is ebbing
Lots of talks, but no new deals are being announced.
Russian refining runs recover after drone strikes
Russia’s oil refining sector has recovered from disruptions caused by a series of Ukrainian drone strikes earlier this year, with throughput picking up in the second half of February.
Petrofac bags $200mn contract at Turkmenistan's Galkynysh field
UK oilfield services company Petrofac has secured a $200mn operations contract from Turkmenistan’s state-owned Turkmengas for work at the Galykynish gas field in the east of the Central Asian country.
Gazprom seeks $934mn in damages from Polish companies
Russia’s Gazprom is looking to recover $934mn in damages from Polish companies Europol Gaz and Orlen, as well as consulting firm Ernst and Young, at an arbitration court in St Petersburg.
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