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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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TAL pipeline expansion nears finish, offering Czech Republic a future free of Russian oil
The project aimed at replacing Russian crude is being achieved in “an incredibly short period”, the CEO of the Czech Republic’s state oil pipeline operator told NewsBase.
Rosneft's legal attempt to block Shell refinery sale in Germany fails
A German court has rejected a complaint by Rosneft against Shell’s move to sell its stake in Germany’s 220,000 barrel per day Schwedt oil refinery.
Russia’s Lukoil recommends 1H24 interim dividend
The board of Russia’s second largest oil company Lukoil recommended an interim dividend of RUB514/share for 1H24, corresponding to a 7.6% dividend yield to the closing share price on October 25.
Austrian court unblocks assets of Russian petrochemical major Sibur
Russian petrochemical major Sibur unblocked the assets of its export subsidiary Sibur International with the decision of Vienna's Higher Land Court.
Turkmen gas exports to Russia reportedly return to nil as efforts at finding new price agreement founder
Russia’s Arctic LNG 2 shuts down for winter as sanctions bite
Russian state-run firm Novatek has shut down its Arctic LNG 2 plant in northwestern Siberia for the winter months.
Gazprom to untap Eastern Siberian "white" hydrogen potential
Gazprom is assessing the potential for extracting natural, so-called “white” hydrogen from its natural gas fields in Eastern Siberia, the head of the Russian state company’s hydrogen-focused subsidiary said at a conference in Moscow.
Russian gasoline prices set for continued decline till year-end
Wholesale gasoline prices in Russia began falling in the second half of this month after a spike in September, with expectations that this decline will continue throughout the rest of the year.
Deadline for booking Russian gas transit through Ukraine passed in July, says Putin
The deadline for booking Russian gas transit capacity via Ukraine next year already passed in July, according to Putin.
EU Parliament calls for bloc to end reliance on Azeri gas
MEPs have called for the EU to scrap plans to double Azeri gas shipments – a central part of the plan to eliminate remaining Russian supplies.
Turkmenistan cuts methane emissions by 10% in 2020-23
Turkmenistan managed to reduce its methane emissions by 10% in 2023 versus the level three years earlier.
SOFAZ reports stock portfolio gains and substantial budget transfers as of October 2024
The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has earned $6.4bn from its stock portfolio since its inception until September 30, 2024.
Azerbaijan's oil and gas production rises in January-September 2024, while crude output declines
In the first nine months of 2024, Azerbaijan produced a total of 25.98 bcm of natural gas from its gas fields, reflecting a 5.61% increase y/y.
Turkmenistan’s 9M24 gas exports to China worth $7.4bn, Russia takes second place with $6.1bn
Uzbekistan’s natural gas imports expand 2.62-fold in 9M24
ASX-listed TMK Energy strikes 60-metre coal seam in pilot well at Gurvantes XXXV project in Mongolia
Kazakhstan seeks role in delivering TAPI pipeline
Kyrgyzstan starts pumping crude at two long-dormant fields
China overtakes Europe in Russian pipeline gas exports
Russian natural gas giant Gazprom exported 23.7bn cubic metres of natural gas to China in 9M24, up by 40% year on year, according to Bloomberg calculations.
Serbia negotiates new long-term gas deal with Russia
Serbia’s President Aleksandar Vucic has reached an agreement with Russian President Vladimir Putin on favourable gas prices and plans to discuss a long-term supply arrangement, Vucic announced on October 21.
Azerbaijan's GL Group takes 25% in Turkey’s Thrace Basin gas field
Azerbaijan’s first privately owned energy company, GL Group, has acquired a 25% stake in a Canadian company operating Thrace Basin Block F17-b4 in northwestern Turkey, Gazelle Energy Ltd.
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