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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 cuts off gas supply to Austria's OMV
Russian gas giant's cut off of supplies to Austria's biggest oil and gas company triggers a spike in European gas prices.
MP says Turkey earns $1.27 per barrel of oil piped through link allegedly providing Azerbaijani crude to Israel
Russia could partially lift petrol exports ban
The Energy Ministry proposes to allow petrol exports as of December 1, 2024, but only for direct producers of AI-92 class petrol in the first stage.
Kazakhstan sells KEBCO in Platts trading window for first time
Kazakhstan shares plans on regulatory measures aimed at reducing methane and non-CO2 emissions
Baker Hughes lands contract to cut emissions at Azeri oil refinery
US oil industry services giant Baker Hughes announced on November 14 it would provide its integrated gas recovery and hydrogen sulphide (H2S) removal system to reduce emissions at the Heydar Aliyev oil refinery in Azerbaijan.
Rosneft denies oil mega-merger reports
Russia’s largest oil company Rosneft strongly denied Western media reports that there was a plan to merge it with the country’s other top oil producers Lukoil and Gazprom Neft.
Shares in AIM-listed Mongolia company Petro Matad drop as well update describes “choked back” oil flows
Kazakhstan cuts oil production in October
TMK takes step towards demonstrating commercial coal seam gas flows achievable at Gurvantes XXXV project in Mongolia
Kazakhstan extends LPG export bans
Chinese oil service giant Xinjiang Beiken Energy Engineering Co to exit Ukraine
China’s largest private oil service company, Xinjiang Beiken Energy Engineering Co., is selling its Ukrainian business, Beiken Energy Ukraine, to a Cypriot firm owned by Ukrainian businessman Ihor Mazepa.
India defends Russian oil purchases
India has defended its significant scale-up in purchases of Russian oil over the past two years, with Oil Minister Hardeep Singh Puri stating on November 9 that global oil prices “would have hit the roof” if it had rejected Russia’s supplies.
Pakistan could quit TAPI as India now “extremely lukewarm” on gas pipeline project, says report
Demise of investment would deal major blow to Turkmenistan, which badly needs to diversify its gas exports.
Lukoil denies report of possible sale of Bulgarian refinery to Qatari-British venture
Contrary to widespread reporting in the international media regarding the sale of the Lukoil refinery in Bulgaria, the Swiss-based owner of the refinery’s majority share, Litasco, has issued a statement saying the reports are not correct.
France top Russian fossil fuel importer in the EU in Oct
France emerged as the top importer in the EU of Russian fossil fuels in October, the Finland-based Centre for Energy and Clean Air Research (CREA) reported on November 8.
Gazprom finally divests from Latvian gas supplier
Russian state gas exporter Gazprom sold its 34% stake in Latvian gas company Latvijas Gaze in October, finally marking its withdrawal from the Baltic state.
Europe can offset loss of Russian gas transit via Ukraine with LNG: Snam CEO
Europe can offset the potential loss of Russian gas supplies via Ukraine with increased LNG imports, the head of Italian gas grid operator Snam said during a post-result conference call on November 7
Second small-scale LNG project announced in Kazakhstan
Dubai-based Silk Way Energy plans to build a small-scale LNG plant in Kazakhstan’s southeast Zhetysu region.
German Uniper pays back €530mn for Gazprom-linked bailout
Energy major Uniper announced it is transferring €530mn to German authorities as part of repaying a bailout of €13.5bn.
COP29 Azerbaijan fossil fuel scandal sums up the crisis of modern climate diplomacy
Azerbaijan's COP29 chief executive Elnur Soltanov attempted to balance climate rhetoric with fossil fuel promotion in secret recordings obtained by Global Witness.
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