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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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Novatek sees profits double in 2022 on higher LNG export revenues from Europe
Novatek reported a doubling of profits in 2022, Interfax reported on March 16, thanks to a jump in shipments to the highly-priced European market, despite fallout from Moscow’s war in Ukraine.
FSUOGM: Gazprom Export head Burmistrova steps down
Turkey eyes 40 bcm per year gas exports
Turkey wants to position itself as a key natural gas exporter on the back of its key Sakarya discovery in the Black Sea, the country’s energy minister, Fatih Donmez, said.
G7 seeks to keep $60-per-barrel cap on Russian oil
The G7 group intends to keep the current price cap on Russian crude oil at $60 per barrel, as originally set in December last year, despite some calls from some EU member states to lower the price.
Gazprom Neft commissions new oil infrastructure in West Siberia
Gazprom Neft has started operating a condensate stabilisation unit for the Pestsovoye gas field in the Yamalo-Nenets region. The unit will produce natural gas liquids that can be delivered via the Yamburg-Urengoy pipeline to a plant in Novy Urengoy.
KMG sees 2.4% increase in 2022 net profit
Naftogaz Group launches new gas well in Ukraine to produce 340,000 cubic metres per day
Naftogaz Group has launched a new well that can produce 340,000 cubic metres of gas per day, Ukraine Business News reported on March 15.
Bulgaria ready for more Azeri gas, Radev tells Aliyev
EU member Bulgaria is ready to receive more natural gas from Azerbaijan through the Southern Gas Corridor (SGC) and the Interconnector-Greece-Bulgaria (IGB) pipeline, Bulgarian President Rumen Radev told Ilham Aliyev, the President of Azerbaijan.
Russian petrochemical major Sibur hopes for European LPG comeback
Although the company has redirected its LPG supplies from Europe to Asia and the East Mediterranean, it still maintains its infrastructure for shipments to Europe.
India reportedly complies with Western price cap on Russian oil
India’s government has instructed the country’s banks and traders to comply with Western sanctions on Russia, as the US, the EU and its allies work to get greater international backing for the measures to boost their effectiveness.
COMMENT: The Saudi-Iran rapprochement will lead to lower tensions in the Middle East, but rivalries remain
Saudi Arabia and Iran agreed to restore diplomatic ties on March 10, bringing an end to seven years of conflict between the two nations in a deal brokered by China that is expected to have wide-ranging consequences.
CERAWeek 2023: Kazakhstan strives to make its oil export business less reliant on Moscow's whims
CERAWeek 2023 updates: Kazakhstan, seeking to maintain its economic stability, continues a dialogue with the West in search of ways to bypass Russia without renouncing it completely.
Report of yacht use in sabotage of Nord Stream pipelines adds new layer to mystery
A team of divers using a 15-metre chartered yacht called the Andromeda sabotaged the Nord Stream 1 and 2 pipelines, a new report published by Germany’s Der Spiegel news site claims.
Gazprom Export head Burmistrova steps down
Russia’s state-owned gas supplier Gazprom announced on March 10 that Elena Burmistrova was stepping down as head of its export arm and would go on to serve as vice president of Gazprombank.
FSUOGM: Gazprom unveils $3bn East Siberian LNG project
Russia may issue more LNG development permits
The Russian government may issue permits for the development of fields to underpin LNG export projects in the northern areas of the Krasnoyarsk and Yamalo-Nenets regions, Prime Minister Mikhail Mishustin said last week.
Rosneft to reap modest reward from Russian LNG liberalisation
Rosneft stands to gain the most from proposed liberalisation of the Russian LNG market, Kommersant reported on March 9, but ultimately the impact of the drafted changes is not likely to be significant, nor result in new players entering the market.
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