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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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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.
Fitch upgrades Kazakh oil pipeline operator KazTransOil’s IDR to ‘BBB’ with stable outlook
CPC to invest $300mn in repair works in 2023
Pakistan’s Gwadar ambitious to become LNG hub despite present lack of Turkmen gas flows
The end of Russian gas in Europe? Gazprom-Ukraine deal unlikely to be renewed, says energy minister Herman Halushchenko.
Gazprom, Russia’s national energy giant, is unlikely to renew its contract with Ukraine, jeopardising the last route for Russian gas to Europe, the Financial Times reported on June 22.
Turkmenistan: Birthday boy
The official opening of Arkadag, a new city willed into existence by the former president, is the crowning feature of a grand personality cult. This and more in this week's Eurasianet Akhal-Teke Bulletin.
EU countries massively increased import of oil products from Azerbaijan in January-April
It looks like Putin is getting his Central Asian gas deal after all
A tripartite gas union between Russia, Kazakhstan and Uzbekistan that Russian President Vladimir Putin started pushing last year is beginning to take shape.
Turkmen scientists to close the ‘Door to Hell’
National leader Gurbanguly Berdimuhamedov ordered experts to work out how to extinguish the famously fiery gas crater. They’ve finally found a way of granting his wish.
Novatek secures patent for second liquefaction technology
Russia’s leading LNG exporter Novatek reported last week it had obtained a Russian patent for a proprietary technology it calls Arctic Mix, designed for large-scale natural gas liquefaction using mixed refrigerants.
Russia to start using SPIMEX-based Urals price assessment to calculate tax as early as this year
Russia is hopeful that it can start using a Urals benchmark price assessment at the St Petersburg International Mercantile Exchange (SPIMEX) to calculate how much tax oil exporters should pay as early as this year.
INK brings on stream Russia's second-biggest helium plant
The plant is situated at the helium-rich Yaraktinskoye oil and gas field, and is currently operating in trial mode. Once running on a commercial basis, it will produce 10mn litres of helium annually, INK said.
Naftogaz paid over UAH40bn in taxes from January to May
Naftogaz, Ukraine’s oil and gas giant, paid over UAH40bn ($1.09bn) in taxes in the first five months of the year, Economic Pravda reported on June 19.
Rosneft eyes oil supply deals in upcoming tender
Russia’s largest oil producer Rosneft is near to clinching long-term deals to sell significant quantities of crude internationally, the Wall Street Journal reported on June 15, citing sources.
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