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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 oil major Lukoil to replace sanctioned CEO
The board of the Russian oil major Lukoil on January 13 considered an early dismissal of the company's CEO Vadim Vorobyov and the appointment of a new CEO.
US pressure on SLB to leave Russia mounts
Two members of the US Congress, Lloyd Doggett and Jake Auchincloss, have notified oilfield services giant SLB (former Schlumberger) that its work in Russia violates the latest sanctions against the latter's oil sector.
US EIA maintains Azerbaijan's oil output forecast through 2025, adds 2026 projection
The US Energy Information Administration (EIA) has updated its forecasts for Azerbaijan's daily oil and liquid hydrocarbon production for 2024-2025.
Hungary expands gas export capacity to Slovakia
Hungary will raise its annual gas export capacity to Slovakia to 3.5bn cubic metres from 2.63 bcm starting in April.
OMV expects $215mn gain from Russian gas arbitration ruling
Austrian energy group OMV expects to net a €210mn gain in its fourth-quarter earnings following an arbitral award tied to a gas supply contract with Russia's Gazprom.
Czechia wraps up work on pipeline expansion to end reliance on Russian oil
Czechia is on track to end its reliance on Russian oil within the next few months following the completion of key technical work on the TAL-PLUS oil pipeline expansion.
New US oil sanctions, attack on Turkstream shake up global energy markets
The Biden administration imposed the harshest ever oil sanctions ever on Russia on January 10, which immediately roiled the international energy markets. Kyiv's attempt to destroy Russia's last gas pipeline to Europe unsettled markets further.
Ten EU members call for ban on Russian pipeline gas and LNG
Ten member states of the European Union have prepared a document asking the bloc to ban imports of Russian pipeline gas and LNG.
Uncertainty at Russia’s largest shipyard Zvezda
Uncertainty at Russia’s largest shipyard Zvezda
CPC pipeline cuts flow estimate for 2024
The Caspian Pipeline Consortium, which delivers Kazakh oil through Russia to the Black Sea coast, was seen pumping an estimated 64.4mn tonnes of oil in 2024.
Lukoil starts trial operations at Western Siberian field
Russia’s second-biggest oil producer Lukoil has commenced trial operations at the Severo-Yagunskoye field in the country’s oil production heartland of Khanty-Mansiysk in Western Siberia.
Socar sells Turkey gas grid units to Aksa Dogalgaz
Germany secures Russian shadow fleet oil tanker stranded off coast
Germany successfully secured a heavily loaded tanker stranded off its northern coast on January 12, towing the vessel – described as part of Russia's sanctions-evading "shadow fleet" – to prevent a potential oil spill.
TurkStream is now the only route for Russian gas to Europe
CPC oil pipeline transport outcome below Kazakhstan's 2024 target but above 2023 record performance
Kazakh court imposes nearly $7mn fine on Kashagan operator over environmental violations
Oil up as China, India set to feel effects of US sanctions on Russia
Oil prices have risen for a third straight session as the price of Brent surpassed $81 per barrel on October 13. This is its highest level in over four months.
“Farewell” Biden sanctions aim at Russian oil majors Surgut and Gazprom Neft
The US Department of Treasury’s OFAC on January 10 sanctioned Russian “oil dinosaur” SurgutNefteGas (Surgut or SurgutNG) and Gazprom Neft, the oil arm of natural gas giant Gazprom, along with 183 shadow fleet tanker transporting Russian oil.
Serbia plans to buy out Russian stake in NIS following US sanctions
Sanctions reignited debates over Serbia’s foreign policy, as the country navigates its historic ties with Russia while facing Western pressure to align with EU and Nato policies.
Azerbaijan suspends gas flows to Serbia
Azerbaijan has halted gas deliveries to Serbia, leaving the Balkan nation without 1.7mn cubic meters of daily supply.
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