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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 producer cut drilling amid rising costs, falling prices and OPEC+ restrictions
Rising production costs, OPEC+ restrictions and falling oil prices have led Russian operators to significantly reduce new well development and operational drilling.
EU gas prices hover near $500 per 1,000 cubic metre mark following end of transit through Ukraine
European natural gas prices have averaged just under $500 per 1,000 cubic metres so far this month, about 50% higher than the same period of last year.
BP reports disruption at Shah Deniz field in Azerbaijan
BP has halted operations at the Alpha offshore platform on the Shah Deniz gas condensate field in response to a technical fault in the subsea pipeline transporting gas condensate to the Sangachal terminal.
Russian scientist proposes three ways to extinguish flames of Turkmenistan’s “Door to Hell” gas crater
US imposes toughest oil sanctions ever on Russia to improve Ukraine and Trump’s leverage in mooted ceasefire talks
The Biden administration has unveiled its most extensive sanctions on Russia’s oil and gas business yet in a bid to give Ukraine and the incoming Trump admiration more leverage in widely expected ceasefire talks that may start soon.
FSUOGM: Rosneft surpasses Sberbank in market cap
Russia’s Peskov points finger at Moldova, Ukraine for energy crisis in Transnistria
Russian President Vladimir Putin's press secretary Dmitry Peskov on January 9 claimed that the Moldovan and Ukrainian authorities are responsible for the deadlock in the supply of Russian gas to Moldova's separatist region of Transnistria.
EU imports of LNG from Russia hit record high in 2024
Europe’s addiction to Russian LNG continued in 2024, with the EU purchasing a record 17.8mn tonnes of the super-chilled fuel from Russia.
Driver’s "shoes" protest over gasoline station closure sparks public debate in Uzbekistan
BALKAN BLOG: Giving free energy to Transnistria could thwart Russia’s plans for Moldova
Energy crisis threatens to undermine confidence in the pro-EU government in Chisinau, paving the way for a Kremlin-backed party to take power after the 2025 general election.
Pipeline operator’s oil shipment figures to Russia highlight Kazakhstan failure to diversify export routes
UAE investor plans oil refinery in Armenia
Russia’s Gazprom confirms 2025 investment programme, guidance
On December 24 the board of Russian state natural gas giant Gazprom confirmed the investment programme for 2025 at RUB1.52 trillion.
Azerbaijan's State Oil Fund faces revenue dip from Shah Deniz, ACG
Azerbaijan’s State Oil Fund (SOFAZ) generated $442.085mn last year from the Shah Deniz gas-condensate field, indicating about a 66% decrease compared to the previous year.
Kazakhstan’s transit of Russian oil to Uzbekistan and China amounts to 10.2mn tonnes in 2024
Energy crisis in Moldova’s separatist Transnistria escalates
Russia-backed separatists step up their propaganda blaming the pro-EU government in Chisinau for the crisis.
Ukraine increases 2024 domestic gas production for second year in a row
Ukraine’s natural gas production grew for the second year in a row, up by 2.2% in 2024 to 19.12bn cubic metres, UBN reports, as Kyiv continues to try to meet its energy needs without importing Russian gas.
US gains most from "energy market redivision" in Europe, says Russian foreign ministry
The US has gained the most from the "redivision of the energy market” in Europe, Russian Foreign Ministry spokesperson Maria Zakharova told Russian media on January 2.
Rosneft surpasses Sberbank in market cap
Russia’s largest oil producer Rosneft surpassed the country’s largest bank Sberbank in market capitalisation during trading on the Moscow stock exchange on December 19.
Gazprom Neft receives equipment to complete Moscow refinery modernisation
Gazprom Neft has received the final shipment of large-scale modern equipment for the construction of a deep oil refining complex at its Moscow refinery.
Russia's first domestically produced LNG carrier completes sea trials
The Aleksey Kosygin LNG carrier, the first in a series of Russian-made LNG carriers to serve at Novatek’s Arctic LNG-2 project, completed sea trials on December 30.
Moldova's breakaway Transnistria region opts for self-imposed energy blockade
Thousands hospitalised after days in freezing homes, but Tiraspol refuses help to ease energy crisis.
Serbia braces for possible US sanctions on Russian-owned oil company NIS
Serbian government braces for the potential economic and political ramifications of the US' decision as it seeks to balance relations with Russia and the West.
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