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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 petrochemical major Sibur could IPO 2%
Russian petrochemical major Sibur could IPO 2%
Rosneft delays Vostok Oil's launch until 2026
Vostok Oil is Rosneft’s flagship project and among the largest current investment initiatives in the global oil and gas industry.
Ukraine to halt Russian gas transit from January 1, 2025, shifting to imports via Slovakia and Poland
Ukraine will stop the transit of Russian natural gas through its territory starting January 1, 2025, marking a significant shift in the region’s energy dynamics.
Moldovan PM sacks energy minister, declares state of emergency in energy sector
Dorin Recean dismisses top energy sector officials for failing to secure enough gas ahead of winter.
Putin scraps requirement to pay for Russian gas at Gazprombank after bank hit by US sanctions
Foreign companies can now pay for Russian gas by crediting funds at their accounts via third parties and not directly through the account with the sanctioned Gazprombank.
Slovak Minister of Economy Saková is in Russia for talks with Gazprom
Slovakia’s Minister of Economy Denisa Saková of the centre-left Hlas ruling party has flown to Russia for talks with Kremlin-linked gas giant Gazprom.
Refineries in Kazakhstan process 16.7mn tonnes of oil in Jan-Nov
Tecnicas Reunidas eyes construction of engineering centre as part of polyethylene plant project in Kazakhstan
Fitch Solutions projects stable inflation and increased oil production in Azerbaijan
In the last decade, inflation in Azerbaijan has averaged 5.5%, and Fitch Solutions (FS), part of the Fitch Group, forecasts that inflation will average 5.0% over the next ten years until 2033.
Russia budgets no dividends from Gazprom in 2025
Russia’s Minister of Finance Anton Siluanov at the Russia Calling! Investment forum said that his ministry is not budgeting for any dividends from the state natural gas giant Gazprom in 2025
Ukraine scales up oil production as pilot project shows success
Ukraine's largest oil producer, PJSC Ukrnafta, is scaling up its oil extraction operations after a successful pilot project demonstrated a significant increase in output.
Hals Agro becomes Ukraine's second biomethane supplier to gas system, exports expected in January
Horodishche-Pustovarivskaya Agrarian Company (GOPAK), part of the Hals Agro agroholding, has become the second company in Ukraine to supply biomethane to the country’s gas transmission system.
Moldova’s authorities under pressure over energy price hikes
Parliamentary hearings on December 3 on increasing gas tariffs ended inconclusively in Moldova's Parliament, but the pro-EU authorities in Chisinau are coming under increasing pressure as more energy hikes may be needed.
Russian oil pipeline operator Transneft asks to hike tariffs
Russian state oil pipeline operator Transneft proposed to additionally index the tariff for oil transportation in 2025 by 8.7%, warning that it could face a cash deficit of up to RUB582bn ($5.5bn) by the end of 2029.
Russia’s LNG exports rise nearly 5% against 2023
Russia’s LNG exports have risen 4.7% in the period from January to November compared to the same time last year.
Nine jailed pending trial for disrupting Erdogan speech with protest over Azerbaijani oil flowing to Israel via Turkey
Kazakh energy ministry confirms oil deliveries via Druzhba to Germany are undisrupted by leak
Gazprom is still struggling to achieve growth after posting first loss in decades in 2023
Last LNG carriers head back to Yamal as navigation through eastern NSR ends for this year
Navigation in the eastern sector of the Northern Sea Route for 2024 has concluded as the last LNG tankers from Yamal LNG return from China.
Rosneft's IFRS net profit down 14% in 9M
Rosneft reported a net profit of RUB926bn under International Financial Reporting Standards for the first nine months of this year, marking a 13.9% decline year on year.
Kazakh businessmen acquire mothballed gas processing plant
Kazakhstani businessmen Kens Rakishev and Baikadam Ablasanov have acquired a mothballed gas processing plant previously owned by Moldovan businessman Anatol Stati, who was embroiled in a lengthy legal battle with the Kazakh government.
Russia starts stripping Germany's Linde of assets
Germany’s Linde, which ceased operations in Russia citing sanctions, has begun losing its assets in the country after failing to win a series of legal battles with Russian contractor RusKhimAlliance.
Turkey seeks US sanctions waiver to pay for Russian gas
Turkey is negotiating with the United States to secure a waiver from sanctions that Washington introduced last week against Russia’s Gazprombank, an affiliate of Gazprom, Moscow’s gas monopoly.
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