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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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Shell brand officially launched in Armenia
Kazakhstan accelerates construction plans for gas processing plant to keep workers employed
Subsidiaries of Russia’s Rosneft could be hit by windfall tax
This month the Russian Ministry of Justice and the cabinet approved the draft law proposed by the Ministry of Finance "On tax on excess profits of previous years", or the so-called one-time “voluntary” windfall tax on the real sector.
Turkey remains top destination for Russian diesel exports
Turkey is set to be the top destination for Russian diesel exports again this month, with trader comments and Refinitiv Eikon data also showing the country’s own shipments will increase following the completion of seasonal refinery maintenance.
European gas traders turn to Ukraine's massive underground storage facilities as EU inventories fill up
European gas traders are looking to Ukraine’s 10bn cubic metres of underground storage facilities as EU inventories are currently filling up, Ukraine Business News reported on June 28.
Swedish investigators may hold back intel from Nord Stream probe
Authorities in Sweden have said that some materials from their investigation into the blowing up of the Nord Stream gas pipelines last autumn may be kept secret, Russian media reported last week.
Kazakhstan strikes deal to expand oil supplies to German refinery
The agreement was reached between Kazakhstan’s state-owned oil company KazMunayGas (KMG) and Rosneft Deutschland, the former subsidiary of Russia’s Rosneft that holds refining assets in Germany now under the control of the Federal Network Agency.
Bill for Novatek’s Arctic LNG-2 grows to $25bn
The cost of Russia’s gas major Novatek Arctic LNG-2 project has risen to around $25bn, or by 17% from the originally announced $21.3bn, Kommersant daily reported citing unnamed sources.
Russia’s FinMin considers Dubai oil price peg
Russia’s Finance Ministry is considering the idea of using Dubai oil blend as the reference for Urals blend fiscal calculations instead of Brent, Vedomosti daily reported citing the deputy FinMin Alexei Sazanov.
Naftogaz takes Russia to court in US over lost Crimean assets
Ukraine’s state-owned energy firm Naftogaz announced on June 23 that it had launched legal proceedings in the US with the aim of recovering $5bn from Russia to cover compensation for damages and lost property in Crimea.
Putin extends decree on measures to punish compliance with Western price caps
Russian President Vladimir Putin has signed a decree extending measures to punish entities that abide by Western price caps on the country’s crude oil and petroleum product exports.
Former Rosneft president's company applies for Western Siberian licence
Russian oil firm Nyaganneft, a subsidiary of former Rosneft president Eduard Khudainatov’s NNK group, was the only company to take part in an auction for rights to the Lebyazhy oil block in Russia’s Khanty-Mansiysk region.
Azerbaijan, Iran, Turkmenistan see surge in gas swap volumes
The three-way gas swap agreement between Turkmenistan, Iran and Azerbaijan will see a 70% increase in volumes this year, the head of Iran’s national gas company Majid Chegeni has said.
Mitsubishi expects no operational issues at Russia’s Sakhalin-2 LNG after Shell exit
Japan’s Mitsubishi Corp does not expect to see any operational problems at the Sakhalin-2 LNG project in Russia’s Far East, even with Shell’s exit from the project Mitsubishi’s chief executive said on June 23.
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