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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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Kazakhstan begins “practical phase” of fourth oil refinery project
Kazakhstan is reported to have moved to the “practical stage” of preparations for the construction of a fourth major oil refinery.
Russia’s flagship Arctic Vostok Oil project is going to struggle to meet its ambitious export targets
Russia’s flagship Arctic oil development Vostok Oil will struggle to meet its stated export targets as western sanctions, price caps and reservoir constraints weigh on the project’s economics and production outlook.
Putin leaves Beijing with no Power of Siberia pipeline deal
Vladimir Putin arrived in Beijing on May 20 hoping that the Iran war's disruption to global energy markets would finally give him the leverage to close one of the most consequential energy deals of his presidency. He left empty handed.
Russia oil and gas revenues up 40% in May on Iran war pressures
Russia’s oil and gas revenues are expected to jump 39% year on year in May to about RUB700bn ($9.8bn), buoyed by higher global crude prices driven by the conflict involving Iran, according to Reuters calculations published on May 20.
US extends Russian oil sanctions exemption amid Iran conflict
The US Treasury Department will extend for a second time a sanctions exemption allowing the purchase of Russian oil already at sea, Treasury Secretary Scott Bessent said on May 19, as Washington seeks to contain oil price hikes.
ING says Kazakhstan gaining on elevated commodity prices, Uzbekistan faces higher import costs
Rising commodity prices and stronger portfolio inflows are improving external balances and supporting currencies across several CIS economies, outlook says.
Kazakhstan’s Kashagan oilfield to suspend production for maintenance
Kazakhstan’s Kashagan oilfield, the country’s second-largest oil producer, is reported to be set to halt production for over four weeks beginning in June to conduct planned maintenance work.
Georgia and Azerbaijan sign energy and transit deals at Aliyev-Kobakhidze summit
Deals cover natural gas supply, electricity imports and transit, the revival of the Baku-Tbilisi-Supsa oil pipeline, and rehabilitation work on the Baku-Tbilisi-Kars railway.
US extends waiver on Russian oil by 30 days
TMK Energy, largest Mongolian LPG company Dashvaanjil link up for gas-to-power projects
TMK Energy (ASX:TMK) on May 18 announced in a stock market filing that it has entered into a gas-to-power memorandum of understanding (MoU) with Dashvaanjil Group, Mongolia’s largest liquefied petroleum gas (LPG) import and distributor.
Ukraine escalates drone strikes against Russian oil infrastructure, exports down 10%
Ukraine has stepped up its drone strikes on Russia’s energy infrastructure with one of the most intense weekends of bombing that targeted refineries, pipelines and storage facilities in a campaign that has reduced oil exports by about 10%.
Turkey seeks higher Kazakh oil flows to Mediterranean via BTC
Turkish President Recep Tayyip Erdogan has said Turkey wants greater volumes of Kazakh oil to reach global markets through the Baku-Tbilisi-Ceyhan (BTC) pipeline.
Azerbaijan positions itself as EU's strategic energy and transit partner, said deputy foreign minister
Uzbekistan Airports signs sustainable aviation fuel supply deal with Allied Biofuels
Uzbekistan Airports, a state-owned operator, has signed a memorandum of understanding with Allied Biofuels FE LLC (ABF) to develop future supplies of sustainable aviation fuel (SAF) and e-SAF in Uzbekistan.
Heavy mudflows trigger oil spillage in southeastern Uzbekistan
A mudflow-triggered oil spill in Uzbekistan’s southeastern region of Surkhandarya has renewed environmental concerns.
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