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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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Saudi Arabia gains Asian oil market share as Russian exports decline
Saudi Arabia strengthened its position in Asia's oil market in November, while Russian exports to the region fell to their lowest level since January, according to LSEG Oil Research data, signalling a potential shift in regional market dynamics.
Gas prices rising as EU storage tanks empty faster than usual
Gas withdrawals from EU underground storage tanks have accelerated as Europe suffers from the first cold snap of winter. Gas tanks were 85.5% full as of December 1, having peaked at 95.3% full on October 29, according to Gas Infrastructure Europe.
Azerbaijan says BTC pipeline cannot accommodate more than 2.2mn tonnes of Kazakh oil exports annually
Moldova’s market regulator hikes natural gas price by 27%
Moldova’s National Energy Regulatory Agency (ANRE) has approved a 27% hike in natural gas tariffs for final consumers, raising the rate to MDL 15.5 per cubic metre.
FSUOGM: Turkey seeks US waiver from Gazprombank sanctions
India's ONGC Videsh Ltd acquires stake in Azerbaijan’s ACG field, BTC pipeline for $60mn
ONGC Videsh, a subsidiary of Indian state energy firm ONGC, has finalised the purchase of a 0.615% stake in Azerbaijan’s Offshore Azeri-Chirag-Gunashli (ACG) field from Equinor, alongside a 0.737% share in the Baku-Tbilisi-Ceyhan (BTC) pipeline.
Russia removes MET for hard-to-recover Yamal gas projects
Russian President Vladimir Putin has signed a law eliminating the mineral extraction tax (MET) on natural gas and gas condensate extracted from Achimov and Jurassic deposits on the Yamal Peninsula.
Lukoil completes upgrades to lubricants complex in Tver
Russia’s Lukoil has completed the modernisation of its lubricant production complex in Torzhok, in the Tver region, and officially inaugurated the facility on November 28.
Russia, Kazakhstan consider prospect of sale of Germany's Schwedt refinery
Russia and Kazakhstan are considering the possibility of Rosneft selling its stake in the PCK Raffinerie in Schwedt, eastern Germany, Russian President Vladimir Putin said on November 28 during a state visit to Kazakhstan.
Kazakhstan raises oil transport tariff
Investigation led by International Consortium of Investigative Journalists reveals how Western oil companies benefited Nazarbayev son-in-law
Putin’s talks with Kazakh officials during Astana visit focus on energy ties and trade
Russia plans to temporarily lift gasoline export ban
The Russian government is expected to approve a resolution in the coming days allowing oil refineries to export gasoline for two months, from December 1 until January 31 next year.
Putin reiterates Russian commitment to boosting gas supplies to Uzbekistan via Kazakhstan
Saneg opens first company-operated petrol station in Tashkent
Caspian oil export terminal ready to boost crude sales, Iranian officials say
The managing director of the Iranian Oil Terminal Co. (IOTC) said Iran’s Caspian Sea export terminal had boosted its capacity to 200,000 barrels per day to keep oil and condensate exports on track.
Putin arrives in Kazakhstan
EuroChim Karatau to open fertiliser plant in Kazakhstan by 2027
Gazprom reportedly conditions gas supplies to Moldova on $708mn claim
Gas giant wants Moldova to repay disputed debt or risk losing Russian gas supplies after expected closure of Ukrainian route.
Azerbaijan's oil and gas transportation revenue shows mixed trend in January-September
Azerbaijan's revenues from oil and gas transportation through its main pipelines showed contrasting trends in the first nine months of 2024.
Russian gas flow through Ukraine continues to be stable
Russian natural gas flow to Europe via Ukraine remained stable on November 27, despite Gazprom cutting off supply to Austria’s OMV over non-payment earlier this month.
Turkey seeks US waiver from Gazprombank sanctions
Turkey is seeking a waiver from US sanctions on Russia’s state bank Gazprombank, which plays a critical role in facilitating payments for Russian natural gas supplies.
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