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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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OPEC+ considers increasing production
OPEC+ is currently deciding on whether to delay a collection of monthly supply increases that were previously scheduled to start in April.
Trump interested in jointly developing Arctic oil and gas with Russia
The US and Russia are looking at joint energy projects in the Arctic, as part of the ceasefire negotiation in Riyadh, Russia’s sovereign wealth fund boss Kirill Dmitriev told Politico on February 19.
Brazil set to join OPEC+ but says it will opt out of cartel's output cuts
Brazil has approved joining OPEC+, marking the country's emergence as a major oil producer just months before it hosts the UN climate conference.
Novatek gas major and other Russian companies could keep foreigner’s dividends
Russian corporate majors could keep the dividends owed to shareholders from “unfriendly” countries instead of depositing them on special “C-type” accounts, RBC business portal reports citing corporate lawyers.
Kazakhstan to launch trial shipments of crude to Hungary
Russia remained largest oil exporter to Czechia in 2024, despite falling volumes of imported crude
Russia remained the largest oil exporter to Czechia in 2024, sending 2.7mn tonnes of oil, or 42% of the overall imports to the country.
Top Turkish refiner Tupras says it's stopped buying Russian crude amid stepped-up sanctions
Turkey’s top oil refiner Tupras has ceased purchasing Russian crude because of stepped-up US sanctions announced in mid-January on Russian energy companies and tankers carrying Russian oil, the company said on an earnings call on February 17.
Russian oil company Russneft posts high profit for 2024, but low on cash
Russian oil company Russneft posts profit in 2024, but high debt and corporate governance remain a concern
Russia says pipeline drone strike set to wipe out up to third of Kazakhstan’s oil exports
Kremlin mouthpiece Medvedev claims Ukrainian attack was designed to harm US economic interests in deliberate move against Trump.
Turkmenistan's International Economic Investment Forum in Kuala Lumpur: Unlocking New Opportunities
On April 23-24, Kuala Lumpur will set the stage for the TEIF 2025 – a major global platform bringing together high-level government officials, international financial institutions and energy giants.
Kazakhstan explains overproduction in January to OPEC+ leaders
Ambassador outlines Turkey and Turkmenistan’s $5bn-per-year trade ambitions
Turkey and Turkmenistan have ambitions to build up their trade from the $2.2bn recorded in 2024 to more than $5bn in the not-too-distant future, said Ahmet Demirok, Ankara’s Ambassador to Ashgabat, as quoted by Turkmen state media on Feb 14.
Gas flowing to Transnistria but not enough to restart industries
Gas supplies have resumed to the breakaway Moldovan region of Transnistria, but volumes remain insufficient to restore industrial activity and provide consistent hot water.
Russia mulls tougher gasoline exports ban from March 1
Russia could tougher the gasoline exports ban ahead of the start of the agricultural season
Ukrainian drone strikes Kazakhstan’s main oil export pipeline route in Russia
Attack comes on same day Hungarian and Kazakh top diplomats back idea of Ukraine conflict talks between Putin and Trump.
Istanbul-listed Petkim’s port unit obtains $140mn three-year loan from JPMorgan at SOFR+4.35%
Port operator Petlim, a unit of Turkish petrochemical producer Petkim (PETKM), has obtained a $140mn three-year loan from JPMorgan.
Ukrainian gas reserves fall to record low as supply deficit persists
Ukraine’s natural gas reserves have dropped to their lowest level in at least a decade as the country struggles to transition to full self-sufficiency in gas production.
Russian railway bottlenecks disrupt oil, fuel transport
Russia’s railways have played a greater role in facilitating oil and petroleum product deliveries as a result of EU embargoes, which have restricted the volume that can be exported via pipeline. This has led to significant bottlenecks.
Tengiz oil field operator TCO extends annual MoU on LPG supplies to Kazakhstan’s market
Kazakhstan’s Energy Ministry and Tengizchevroil (TCO) have signed an agreement extending their annual memorandum of understanding on continuing to provide stable liquefied petroleum gas (LPG) supplies to the domestic market in 2025.
Kazakhstan is finding it increasingly hard to comply with OPEC+ cuts: Rystad
Output from Tengiz is projected to rise by about 25% this year compared to 2023, with peak production of 870,000 bpd anticipated in 2026, according to Rystad Energy.
Novatek acquires another carrier for Yamal LNG ship-to-ship transfers
Russia’s Yamal LNG project, operated by Novatek, has added another gas carrier to facilitate ship-to-ship transfers near the Arctic port of Murmansk.
SOCAR signs energy cooperation agreement with India's ONGC and MRPL
Azerbaijan's energy production stable as investments in Shah Deniz and ACG continue
Azerbaijan's energy sector maintained steady production in 2024, with significant investments directed toward the Shah Deniz gas-condensate field and the Azeri-Chirag-Gunashli oil and gas block, according to BP report.
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