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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 LNG exports to EU soar in November despite looming ban
Russian LNG exports to the EU rose sharply in November as seasonal demand lifted imports, even as Brussels prepares to phase out Russian LNG under upcoming sanctions.
Moscow court rejects Dubai order in €7.5bn Wintershall dispute
A Russian arbitration court has ruled that orders issued by a Dubai court supporting Wintershall Dea's €7.5bn ($8.7bn) investment dispute with the Russian state breach fundamental principles of international law and cannot be enforced in Russia.
Russia sees sharp rebound in fuel oil exports in November
Russia sharply increased seaborne exports of fuel oil in the second half of November, offsetting a steep downturn earlier in the month as several refineries returned from planned and emergency maintenance.
Russia faces difficulties keeping Arctic LNG-2 gas flowing
The combination of climatic constraints, discounted sales and a shrinking pool of friendly terminals underscores Russia’s high cost of keeping sanctioned LNG flowing.
Orlen deepens energy cooperation with Ukraine as fuel conferences return to Kyiv and Warsaw
Polish energy group Orlen has strengthened its role as a key fuel supplier and strategic partner for Ukraine, as the region continues to grapple with challenges stemming from Russia’s ongoing invasion.
Three Kazakh senior managers at Batumi Oil Terminal detained on suspicion of selling undeclared crude
Three Kazakh citizens working as senior managers at Batumi Oil Terminal on the BlackSea coast in Georgia have been detained on suspicion of participating in a large-scale scheme to sell undeclared crude.
COMMENT: Putin's India visit concludes with multiple promises of deeper cooperation
While the two sides inked over 16 agreements, a clear pivot towards high-technology sectors, critical minerals, and joint manufacturing ventures dominated much of the agenda.
How Kazakhstan and Western oil major partners could take $27bn yearly hit from Ukraine’s drone attacks on Black Sea port
Moscow, on the other hand, might lose a mere $0.6bn annually, argues analyst.
Ukraine sells 20-year licence for Lviv-region gas field for $2.7mn
Ukraine has sold a 20-year licence for the development of a gas-bearing area in the Lviv region for UAH110mn ($2.7mn), with proceeds directed to the state budget and partly earmarked to support the US-Ukrainian Investment Fund for Reconstruction.
Kazakh oil output drops after CPC drone strike
Kazakhstan’s combined oil and condensate production reportedly fell 6% in the first two days of December after a Ukrainian drone attack damaged the Caspian Pipeline Consortium’s (CPC's) Russian Black Sea terminal.
Romania opts for supervision only of Lukoil refinery during ownership transfer
Romanian authorities will supervise but not manage operations at Lukoil’s Petrotel refinery while the Russian group seeks a buyer for the asset, an emergency ordinance adopted this week states.
Turkey extends expiring Russian gas import contracts by year, announces plans to invest in US gas production
Turkey has extended its expiring Russian gas import contracts by a year, energy minister Alparslan Bayraktar announced on December 4.
Turkey tells Russia, Ukraine to keep energy infrastructure out of war
Turkey has told Russia, Ukraine and all relevant parties to ensure energy infrastructure is kept out of the Russo-Ukrainian war, Turkish Energy Minister Alparslan Bayraktar said on December 4.
Ukraine’s Naftogaz lifts gas imports to 4.4 bcm since May, aims for 5 bcm by year-end
Ukraine’s state energy group Naftogaz has imported 4.4bn cubic metres (bcm) of natural gas since May and expects volumes to reach 5 bcm by the end of 2025.
Turkish shipowner halts Russia-linked operations after blasts off Senegal
Turkish shipping company Besiktas has suspended all operations connected to Russia after one of its oil tankers was damaged by multiple explosions near Senegal’s coast,
Caspian Sunrise secures two-year extension at Yelemes Deep estimation licence in Kazakhstan
Kazakhstan-based Caspian Sunrise announced on December 3 that it has secured a two-year extension to the Yelemes Deep estimation licence at the BNG Contract Area, enabling the company to restart work on the structure.
Kazakhstan’s petrochemical output expected to rise 9.2% y/y in 2025
Kazakh Energy Minister Yerlan Akkenzhenov has told a government meeting that Kazakhstan’s petrochemical industry production is expected to rise by 9.2% y/y to 589,700 tonnes in 2025.
Hungary to challenge EU plans to ban Russian oil and gas in court
Foreign Minister Peter Szijjarto says plan to ban EU member states' imports of Russian oil and gas from 2027 would "undermine Hungary's energy security".
Kazakhstan launches construction of alkylate plant
Kazakhstan has launched construction of an alkylate production plant in Kazakhstan’s Pavlodar Region.
Kazakhstan ships 225,000 tonnes of crude to Germany in November
Kazakhstan shipped 225,000 tonnes of crude to Germany via the Druzhba pipeline in November, maintaining the same level as in October.
Kazakhstan to raise crude shipments via BTC pipeline by 30% in December
Kazakhstan is set to raise its crude shipments through the Baku–Tbilisi–Ceyhan (BTC) pipeline by about 30% in December compared with November.
Slovak Economy Minister Saková claims Bratislava negotiated extension of Russian gas imports
Slovakia has a valid contract with Gazprom until 2034 and opposes EU plans to phase out Russian fossil fuel imports by 2027.
“Very scary” attacks on Black Sea tankers threaten safety of all in region, says Turkish foreign minister
"Very scary" attacks on Russia-linked tankers in the Black Sea threaten the safety of all in the region, Turkish Foreign Minister Hakan Fidan said on December 3.
Indian companies preparing technological equipment for Mongolia’s first oil refinery, first components reported ready for shipment
Russian oil exports reshuffled as non-sanctioned firms offset decline from Lukoil and Rosneft
US investment bank Goldman Sachs reports that the oil exports by Russia’s recently sanctioned energy giants, Lukoil and Rosneft, have fallen by 1.1mn barrels a day, while those of non-sanctioned companies are up the same amount.
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