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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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Uzbekistan's gas imports jump 2.4-fold, exports up 18% y/y in 2024
Uzbekistan was a net importer of natural gas for a second consecutive year in 2024, with imports rising 2.4 times to $1.68bn, up from $694.9mn in 2023, the state’s statistics agency has reported.
Uzbekistan shuts down illicit gasoline pipeline running from Kazakhstan, arrests smuggling suspects
Authorities in Uzbekistan have reportedly dismantled an illicit operation involving underground cross-border flows of AI-92 gasoline from Kazakhstan to Tashkent region.
Expected settlement of energy crisis in Transnistria may have a security cost
Pro-Russian separatist region has picked a natural gas trader, Cyprus-based Ozbor Enterprises, to import Russian natural gas through the Turkstream and Trans-Balkan pipelines, and started military drills in the Security Zone.
Kazakhstan to deliver 127,000 tonnes of oil to Germany in January
Kazakhstan's state-run oil pipeline operator, KazTransOil, reportedly plans to deliver up to 127,000 tonnes of oil to Germany by the end of January.
Gazprom, Novatek brace for tough 2025
Russian natural gas producers Gazprom and Novatek are bracing for a challenging 2025 as they work to rebuild their export strategies through a pivot to Asia.
Hyundai Engineering, Sicim could score EPC contract for Karachaganak gas processing plant
South Korea’s Hyundai Engineering and Italy’s Sicim are close to securing an engineering, procurement and construction contract for a 4 bcm per year gas processing plant at Kazakhstan’s giant Karachaganak field.
Uzbekistan's electricity output up 4.7% in 2024, automotive fuel production falls 4%
Uzbekistan's electricity output up 4.7% in 2024, automotive fuel production falls 4%
India on the brink of a new oil shock
India is facing the very real threat of an oil shock as new US sanctions targeting Russian crude come into force.
Portugal to replace Russian LNG with supply from US and Nigeria
Portugal will look to the US and Nigeria for more supply of LNG to replace purchases from Russia.
Russia aims to nationalise St Petersburg Oil Terminal
Russia aims to put an end to shareholder conflict in one of the biggest terminals on the Baltic Sea by nationalising it.
Ukraine's underground gas reserves drop to 8.9 bcm, ex-minister says
Gas reserves in Ukraine's underground storage facilities have fallen to 8.9bn cubic metres (bcm), 24% lower than the same time last year.
Zelenskiy’s plan to end Russian oil transit will harm Europe, Slovak official warns
Ukrainian President Volodymyr Zelenskiy’s intention to halt the transit of Russian oil through Ukraine will significantly impact European countries, Slovak Parliament Vice Speaker Tibor Gaspar said.
Ukraine cuts Russian oil transit via Druzhba pipeline by 16% in 2024
Ukraine transported approximately 11.36mn tonnes of Russian oil via the southern branch of the Druzhba pipeline in 2024, a 16% decline compared to 2023.
INTERVIEW: Block Energy’s quest for gas in Georgia
“Project III has the potential to be of major importance to the Georgian energy market as well as acting as a catalyst for further investments into the hydrocarbon sector in the country,” said Block Energy’s commercial manager, Fergus Robson.
China raises imports of Russian LNG by 3.3% in 2024
China has increased its reliance on Russian LNG with imports rising 3.3% to reach 8.3mn tonnes in 2024.
Slovakia’s Fico discusses Russian gas imports via Turkstream with Erdogan
Slovakia’s populist Prime Minister Robert Fico has announced that Turkey’s Recep Tayyip Erdogan offered to deliver Russian gas via Turkstream to Slovakia.
Energy crisis in Moldova’s separatist region Transnistria closer to settlement
The separatist leader in Moldova, Vadim Krasnoselsky, has announced that Transnistria will accept natural gas deliveries from Moldovagaz, but the procedures related to purchasing the gas prevent a final agreement.
Iran, Russia dead set on implementing major gas transportation deal
Iran and Russia are set to press ahead with two major energy projects that will help the Islamic Republic attain its goal of becoming a regional gas hub – an ambition it has been nurturing for several years.
BP restarts operations at Azerbaijan's Shah Deniz Alpha
The Shah Deniz Alpha platform resumed production and export operations on January 18 after a technical issue.
Six EU member states press for lower Russian oil price caps
Six EU nations have urged the European Commission to cut the $60-per-barrel price cap on Russian oil set by G7 countries.
Kazakhstan pushes back deadline for compensating for OPEC+ over-production
Kazakhstan has extended the timeline for compensating excess oil production under the OPEC+ agreement.
Russia's ESPO oil transport costs to China triple in wake of Biden sanctions
The cost of transporting Russian ESPO crude oil to China has more than tripled following the introduction of new US sanctions targeting Russia’s oil sector.
Gazprom subsidiaries patent hydrate inhibitor tech for gas production
Russian state gas giant Gazprom’s subsidiaries, Gazprom Dobycha Shelf Yuzhno-Sakhalinsk and Gazprom VNIIGAZ, have developed and patented a new composition of a hydrate inhibitor.
Novatek boosts gas output by 2% in 2024
Russia’s biggest LNG exporter Novatek increased its natural gas production by 2.1% last year compared with 2023, with output reaching 84.08 bcm.
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