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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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Kazakhstan’s petrol output up 21% y/y in January
Russian Novatek said to confirm buying 27.5% in Sakhalin-2
Leonid Mikhelson, the head and shareholder of Novatek, said in September 2022 that the company would decide on buying the stake after a due diligence audit.
Russian oil and gas revenues drop 46% in 2M23
Uzbekneftegaz plans to supply GTL diesel for export
Gazprom unveils $3bn East Siberian LNG project
Gazprom plans to develop a $3bn mid-sized LNG export terminal in Eastern Siberia, as Russia scrambles to expand its liquefaction capacity following the loss of most of its European gas market share.
PKN Orlen to seek compensation from Russia for lost oil supply
Poland’s largest oil refiner PKN Orlen plans to seek compensation from Russia for cutting off its oil supply via the Druzhba pipeline in mid-February, its CEO Daniel Obajtek said on March 6.
Uzbekistan making final adjustments to accommodate Russian gas imports
Deliveries had reportedly been expected to start March 1, but that deadline has come and gone.
FSUOGM: Ukraine’s Naftogaz makes $1bn loss in 2022
Vessel carrying 600,000 barrels of Russian crude oil to Ghana loaded from Kazakhstan port
Wood Mackenzie weighs up Russia-Ukraine war's impact on energy
The Russia-Ukraine war means energy security will no longer be taken for granted, has shown that Europe can handle a future without Russian gas and demonstrated the resilience of oil and coal and the limitations of the power markets.
Global energy sector emissions reach new high in 2022
Global energy-related CO2 emissions reached a new record in 2022 of 36.8bn tonnes, inching up 0.9% from the previous year’s level, the International Energy Agency reported last week.
EU trade deficit with Russia at third of pre-war level
The EU’s trade deficit with Russia slumped in December to a third of its pre-war level, reflecting the sharp decline in imports of coal, gas and oil, the bloc’s statistics agency Eurostat reported on March 3.
Shell wraps up disposal of Salym oil venture in Russia
Shell confirmed on March 3 it had completed the withdrawal from its main oil joint venture in Russia after securing regulatory approvals, with its stake received by its local partner Gazprom Neft.
Trump accuses Biden administration of blowing up Nord Stream pipelines
Former US President Donald Trump has said the Biden administration or Ukraine could have been responsible for blowing up the Nord Stream 1 and 2 pipelines in late September, while dismissing that Russia could be to blame.
Russia reportedly intends to mothball damaged Nord Stream pipelines
Gazprom has previously said it would be possible to repair the ruptured lines, but the pipelines are unlikely to be needed, as the Russian government sees little prospect of ties with the West improving in the foreseeable future.
Russia can create national oil price benchmark this year, energy ministry says
Russian President Vladimir Putin has been seeking this national benchmark for over a decade, frustrated by the discount that Russia’s flagship Urals blend trades at versus Brent and other benchmarks.
Russia's oil product exports slumped by 20% in February, but seaborne export volumes remain robust
Russia's oil product exports have slumped by 20% in February, marking the lowest level since May 2022, according to tanker tracking data reported S&P on March 2 in a note. Shipborne exports of crude, however, have held up well and remain robust.
BCS forecasts a gas price of $445/kcm for 2023 as demand drops and supplies increase
European gas demand is likely to decrease by 10 bcm in January and February, owing to warmer weather than usual and conservation measures, BCS said in a note on March 2.
Ukraine’s Naftogaz makes $1bn loss in 2022
Perspectives | China wants the Line D pipeline. Can Central Asia deliver?
Beijing is leaning toward buying additional Central Asian gas, despite reliability concerns.
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