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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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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.
Russia seeks to involve Moldova in gas supply scheme for Transnistria
Moscow is ready to provide assistance to Tiraspol, but Chisinau must ensure gas supply and contracting, the press secretary of the Russian president Dmitry Peskov stated. Russia's role in the scheme proposed remains unclear.
Iran and Russia agree on broad framework for collaboration
Iran and Russia recently signed a comprehensive strategic joint agreement, comprising 47 articles.
Moldovagaz’s head says $709mn debt to Gazprom close to being settled
Gazprom cited a $709mn outstanding debt when it cut gas supplies to Moldova on January 1, but Chisinau says the debt is only $8.7mn.
Russia reports successful strikes against critical Ukrainian gas and energy infrastructure
Russia’s armed forces conducted a co-ordinated strike on critical gas and energy infrastructure in Ukraine using high-precision weapons and drones.
Iran, Russia set to conclude energy deal
Iran is on the verge of concluding an energy deal with Russia, following months of negotiations, Iran's Oil Minister Mohsen Paknejad said after the two nations signed a partnership treaty to boost economic cooperation.
Serbia and Azerbaijan discuss strategic gas power plant project in Nis
Serbia and Azerbaijan are in talks to develop a gas power plant in Nis, Serbia.
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