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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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Gazprom to set up Middle East arm
Russia’s state gas giant Gazprom announced this week that it will establish a unit in the Middle East, though it failed to provide further details.
Kazakhstan sues oil majors for $16.5bn
Kazakh government body PSA LLP has launched arbitration claims against the operators of two of the country’s largest oilfields, accusing them of unapproved spending, Energy Minister Almasadam Satkaliyev said on April 11.
Uzbekistan, Russia discuss energy cooperation
Ukraine's first biomethane plant connects to gas network
Ukraine’s Regional Gas Company (RGK) has connected the country's first biomethane plant to its gas network, UBN reported.
Turkey eyes gas exports to Europe on back of Black Sea field's development
Turkey is hopeful that the Black Sea Sakarya field could support gas exports to Europe, as Ankara touts the country’s potential to be a regional gas hub.
Azeri oil output slides further in March
Oil production in Azerbaijan dropped once more in March by 3% to 515,000 barrels per day, according to preliminary data released by state oil company SOCAR.
Ghana: What’s left unsaid about Aker ASA’s exit from Pecan
Aker ASA's announcement on DWT/CTP fails to mention questions about Lukoil’s involvement in the project and Russia’s charm offensive in Africa.
Netherlands vows to stop importing Russian LNG
The Dutch government has pledged to stop importing Russian LNG, as it targets an expansion in overall LNG capacity to offset the loss of Russian pipeline supply.
Azerbaijan's oil and oil product exports surge in 1Q23
Novatek gets patent for improved Arctic Cascade liquefaction tech
Novatek has obtained a Russian patent for an improved version of its Arctic Cascade liquefaction technology, the company reported on April 13, as it pushes to localise LNG production in response to Western sanctions.
IEA upgrades 2023 forecast for Russian oil output
The International Energy Agency (IEA) has once more upgraded its forecast for Russian oil production for this year, by 210,000 barrels per day, predicting a decline of 530,000 bpd versus 740,000 bpd it had previously envisioned.
Russia boosts gasoline exports to Africa after EU sanctions
Russia has boosted its gasoline exports by nearly 50% year on year in the first quarter, with most of the deliveries going to Africa, according to ship tracking data.
Russian oil production, exports above pre-war levels, revenues down
Russia's crude export volumes have exceeded those hit before the invasion of Ukraine, as China and India buy almost all of this oil, but Russia’s budget received 43% lower revenues in the first two months of 2023 against the same period in 2022.
CPC pipeline temporarily halts oil loadings through SPMs
KazMunayGas to provide over $100mn in anti-crisis funds to KazTransOil unit for water pipeline expansion
Latvia scraps plans for controversial LNG terminal but still needs to ditch fossil gas
ASX-listed TMK Energy starts drilling first pilot well at Gurvantes XXXV coal seam gas project in Mongolia
EU ban on Russian LNG could backfire
Momentum is building behind calls for the EU to impose a ban on Russian LNG, even though doing so could make it harder for the bloc to stock up on gas supplies before next winter.
Italy clears sale of Lukoil refinery in Sicily
The Italian government has given the green light for the sale of the oil refinery on the island of Sicily owned by Russia’s Lukoil to G.O.I. Energy, TASS reported on April 12. The deal is subject to strict conditions.
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