FSUOGM - Former Soviet Union Oil & Gas

Oil & Gas


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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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Hungary faces energy crisis, after Ukraine cuts off Russian oil deliveries

22 July 2024

Hungary's Foreign Minister Peter Szijjarto has warned that a durable solution is urgently needed following Ukraine's decision to cut off oil deliveries from Russia’s Lukoil, causing a significant disruption to Hungary's oil supply.

UK and EU step up sanctions on Russian tankers

21 July 2024

At the European Political Community hosted in Britain, UK Prime Minister Keir Starmer announced further sanctions on the so-called Russian shadow fleet of oil tankers, in a statement released by Downing Street.

China reportedly blocks Qatari investment in Kazakh pipeline

19 July 2024

Kazakhstan's state-run gas pipeline operator and producer, Qazaqgaz, is facing a new challenge in its efforts to increase Qatari investment in the country's pipeline and gas processing projects.

Weighing up impact of halt to Ukrainian gas transits

19 July 2024

Rystad Energy considers the options for European countries that still rely on Russian gas in the event that Ukrainian transits are halted at the end of this year.

IEA raises Russian gas production forecast for 2024

19 July 2024

The International Energy Agency has raised its forecast for Russian natural gas production to 675bn cubic metres, according to its quarterly gas market report released on July 16, versus an April projection of 670 bcm.

EBRD commits €200mn to strengthen Ukraine's energy security amid G7 loan negotiations

19 July 2024

The EBRD has pledged €200mn to bolster Ukraine's energy security and enhance the readiness of Ukrainian projects to attract foreign investment.

Nostrum raises reserves fivefold at Kazakh field

19 July 2024

Kazakhstan-focused junior producer Nostrum Oil & Gas has increased its reserves fivefold at the Stepnoy Leopard fields following an independent third-party evaluation by Xodus Group.

Azerbaijan's oil exports in H124: Italy, Israel and India as top destinations

19 July 2024

In the first half of 2024, Azerbaijan exported oil worth $2.721bn to Italy, making it the leading destination for Azerbaijan's oil exports.

Ukraine boosts gas production to record levels, ensures ample fuel storage

18 July 2024

Ukraine has significantly increased its gas production, achieving a record high and ensuring sufficient fuel storage for new gas generation.

Russia could prolong petrol exports ban to September-October

17 July 2024

Russia’s Ministry of Energy proposes to prolong the gasoline and diesel fuel exports ban until September and October, according to RBC business portal. Non-refining market players could be banned from selling fuel abroad until the end of 2024.

Slovenia signs gas supply memo with Azerbaijan

17 July 2024

Slovenia’s gas supplier Geopliin signed a memorandum of cooperation in gas supply with Azerbaijan’s state oil company SOCAR on July 17, SlovenianThe Ministry of the Environment, Climate and Energy announced.

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