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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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FSUOGM: Wintershall Dea fields in Russia could be indirectly supplying fuel for Ukraine war
EU to tighten Russian oil sanctions, target “shadow fleet” ships
The closing of the sanction loopholes to which the 11th sanctions package of the European Union will largely be dedicated will also include measures to prevent Russian oil flowing.
Aliyev meets president of Total Energies
Serbia to build new oil pipeline with Hungary, new gas pipeline with Bulgaria
Hungary and Serbia have reached an agreement to construct a new oil pipeline that will add to the transit of Russian oil from the Druzhba pipeline to Serbian consumers, said Hungarian Minister of Foreign Affairs Peter Szijjarto.
KSE’s plan for Ukraine to fight back against Russia’s weaponisation of gas
Russia's attempt to use its gas supply as a political tool against its neighbours and the EU has backfired, but gas supplies from Russia to Europe should be allowed to continue, but with some strict restrictions to defang Russia's energy weapon.
Ukraine cracks down on illegal Russian fuel entering the country
Ukraine bans fuel of unkown origin to crack down on Russian fuel products sneaking into the country, Economic Pravda reported on May 10.
Russian company seizes Sakhalin-2 tugboats
A Russian court on the island of Sakhalin has ordered the seizure of four tugboats owned by Denmark's Svitzer in response to a request by a Russian energy company. This action is part of Russia's strategy to seize assets of exiting Western companies.
KazTransOil reports successfully delivery of 25,000-tonne batch of Russian oil for transit to Uzbekistan
Wintershall Dea fields in Russia could be indirectly supplying fuel for Ukraine war
Oil and gas fields in Western Siberia jointly controlled by Russia’s Gazprom and Germany’s Wintershall Dea could be supplying fuel used in the war in Ukraine.
Russian gas output dips 10% in Q1 2023
Russian gas production dropped in the first quarter by 10% to 180 bcm year on year, and also by a tenth in March. The decline was driven by reduced production by Gazprom, which cut output by 18% to 117 bcm as a result of lower exports to the EU.
Ukrnafta to double oil production with 40 new wells and expand gas station network to 1,200 by 2027.
Ukraine’s oil and gas giant Ukrnafta has announced it will expand drilling operations with 40 new oil wells to double production to 3mn tonnes per year, Ukraine Business News reported on May 9.
Lukoil closes sale of Sicilian refinery
Lukoil has closed the sale of its ISAB oil refinery on the Italian island of Sicily to G.O.I. Energy, the company reported on May 4. The completion of the deal, reached in January, comes after it received approval from Italian authorities last month.
Russia to sell gas to Uzbekistan through reversed flow Soviet-era gas pipelines
Russia will sell gas to the energy-hungry Uzbekistan by reversing the flow of the Soviet-era gas pipeline network that used to transport Turkmen gas to Russia.
Gas Transmission System of Ukraine announces expansion of gas transport infrastructure to attract European customers.
During the Flame-2023 European Gas Conference, Gas Transmission System of Ukraine (GTSOU) CEO Dmytro Lyppa announced efforts to expand the gas transport infrastructure of Ukraine to attract European service customers, the company stated on May 9.
Russian oil and gas budget revenues down 64% y/y in April
Russian federal budget revenues from oil and gas contracted by 64% in April versus the same month last year, and were down 5.9% from the level in March, the finance ministry reported on May 4, citing higher subsidies to refineries.
Novatek's Michelson reportedly pushed the Russian government to let Shell receive proceeds from Sakhalin-2 sale
Novatek CEO Leonid Mikhelson secured the consent of Russian President Vladimir Putin to not only pay Shell RUB95bn ($1.2bn) for its 27.5% stake in the Sakhalin-2 LNG and oil project but allow the UK major to withdraw the funds out of Russia.
Russia hikes tax on oil industry
Russia is hiking oil industry taxes to offset the impact of the G7+EU price cap on the country’s oil exports, dealing another blow to a sector that already has one of the biggest tax burdens in the world.
Over 10 companies planning to build biomethane plants in Ukraine
More than ten companies are seeking to build 36 biomethane plants in Ukraine, the Gas Transmission System of Ukraine (GTSOU) said in a statement on May 8.
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