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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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Ukraine prepares for winter gas supplies using only its own resources
Ukraine will boost its domestic production of gas to 13.5bn cubic metres and hopes to store enough gas to get through the coming heating season without imports.
Biden officials ‘in serious talks’ with Turkmenistan on curbing vast methane emissions
Deal could be struck ahead of COP 28 climate summit. It would be hailed as a major breakthrough in addressing global warming.
Rosneft proposes benchmarking Urals blend oil to Dubai, not Brent
Russia could start benchmarking the fiscal calculations for the oil and gas sector to Dubai blend oil, instead of the current Brent, Kommersant reported citing unnamed market sources and state-controlled Rosneft, Russia's largest crude producer.
Russian government accelerates petrochemical sector development plans
The roadmap outlines plans to increase the large-scale production of polymers by 34% by 2025 and shorten previous development target deadlines by a decade.
Kazakh state-run oil producer KazMunayGas sees 1Q23 decline in revenues despite growth in output
SOFAZ surplus for 2023 is estimated at AZN4.5bn
Air Products inks $1bn deal to acquire, own and operate industrial gas complex in Uzbekistan
Kazakhstan looks to China to diversify oil export routes
Kazakhstan is continuing its push to diversify its oil export routes, with its national oil company KazMunayGas (KMG) entering into talks with China’s CNPC on expanding two oil pipelines linking the two countries.
Russian oil and gas majors to see thinner margins
Profitability of Russian oil and gas companies is going to decrease by the end of 2023 due to a drop in oil and gas prices and due to a decrease in oil refining margins, Vedomosti daily reported citing an analysis of Sber CIB.
Oil output at Russia's Sakhalin-1 project restored close to pre-war level, says India's OVL
Crude oil production at the Sakhalin-1 project in the Russian Far East has been restored to its pre-war plateau level of 200,000 barrels per day, one of its shareholders, ONGC Videsh Ltd (OVL), has reported.
Russia denies report it is considering a gasoline export ban
Russian Energy Minister Nikolai Shulgunov denied last week that the Russian government was intending to ban gasoline exports, stating it only wanted to limit them in response to a rise in domestic prices.
Serb Republic mulls paying for Russian gas in rubles
Dodik met with Russian President Vladimir Putin last week in Moscow and officials from both countries discussed energy industry co-operation.
Gazprom Neft-backed private military group fighting in Bakhmut
Mercenaries hired by the oil arm of Gazprom Neft were involved in fighting in the war-torn Ukrainian city of Bakhmut, the BBC reported last week, indicating that Arctic oil exports are being used to directly fund the conflict.
Russia leans towards unaltered oil output plan ahead of OPEC+ meeting
Russia is leaning towards leaving its oil production level unaltered ahead of an OPEC+ policy meeting on June 4, Reuters reported last week, citing sources, as Moscow is satisfied with current prices and output.
Ukraine reportedly targets Russian oil infrastructure with drones
There has been an increase in Ukrainian drone attacks in Russia in recent weeks, and US intelligence now suspects that Ukraine was behind a drone attack on the Kremlin earlier this month.
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