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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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Uzbekistan doubled gas imports in H1
Uzbekistan more than doubled its natural gas imports in the first half of this year, as a result of declining domestic supply, a booming economy and the launch of Russian supplies to the Central Asian state last autumn.
Russian gas demand could climb 13% over next decade, analysts say
Russia's domestic gas consumption could rise by as much as 65bn cubic metres by 2035, according to projections from the Analytical Center for the Fuel and Energy Complex.
Tajikistan proposes cooperating with Tatarstan’s Tatneft to start up refining at Dangara facility
Premium energy basins: Focus on emissions reduction as oil and gas demand persists [Energy Insights]
Despite the accelerating energy transition, oil and gas will remain central to the global energy mix for the foreseeable future as the key hydrocarbon sources continue to satisfy global primary energy demand.
Kazakh Energy Ministry requests postponement of planned maintenance at Kashagan field
Kazakhstan’s QazaqGaz to purchase and deliver LPG to domestic market
Shell to cut 20% of exploration staff as CEO expands cost-saving drive to core oil business
CEO Wael Sawan is targeting a 20% cut in these divisions, extending his cost-saving initiatives beyond the previously affected renewables and low-carbon segments.
Turkish-Turkmen gas supply plans for Europe: strategic masterstroke or risky bet?
Turkmenistan is the fourth-largest holder of confirmed natural gas reserves in the world, with an estimated 19.5 trillion cubic metres of reserves.
Azeri Light crude oil price drops 3.69% to $78.55 per barrel
Putin proposes new gas deal with Serbia
Russian President Vladimir Putin has proposed initiating discussions with Serbia on a new gas agreement as the existing deal is set to expire in March 2025, local news portal eKapija reported on September 4.
High costs dent profit of Russian Transneft in 2Q24
Russian state-controlled oil pipeline transportation monopoly Transneft posted an 8% year-on-year increase in IFRS revenues to RUB348bn in 2Q24, but EBITDA was down 6% y/y to RUB139bn and net profit declined by 22% y/y to RUB72bn.
Turkey’s Calik Enerji to partner with Turkmengaz for construction of gas compressor station
Spanish oil services company Tecnicas Reunidas reportedly in advanced talks to construct $3bn gas development project in Kazakhstan
Officials say budget for Kazakhstan’s nuclear power plant referendum will require KZT 15.5bn
SOFAZ reports decline in revenues from Shah Deniz and ACG fields
In the first eight months of 2024, the State Oil Fund of Azerbaijan (SOFAZ) experienced a significant decrease in revenues from the Shah Deniz gas-condensate field.
Ukraine to launch seven biomethane projects with annual capacity of 111mn cubic metres
Ukraine is set to launch seven biomethane projects by the end of this year, contributing to the country's energy independence with an annual production capacity of 111mn cubic metres, according to Heorhiy Heletukha, head of the Bioenergy Association.
Ukrainian gas storage may prove crucial for European traders as Russia transit deal nears end
Ukraine's gas storage facilities could become increasingly valuable to European traders as the transit contract between Ukraine and Russia nears its expiry.
UAE’s Dragon Oil, Turkmenistan discuss anticipated $10bn+ investment in Caspian Sea Cheleken concession area
Russia overtakes US as EU main supplier of gas
Russia has overtaken the United States as the European Union's second-largest gas supplier for the first time in nearly two years, as EU countries imported more gas from Russia than from the US in the second quarter of 2024.
Russia delays introducing new gas supply regulations
The Russian government has once again delayed the implementation of new gas supply regulations, pushing the deadline back by six months to March 1, 2025.
Gazprom back in black in H1 after suffering loss in 2023
Russia’s traditional cash cow is once more generating profit after a disastrous performance last year.
Russian oil major Lukoil ups profit in 1H24 to $6.6bn
Russia’s second-largest crude oil producer private Lukoil posted 20% y/y IFRS revenue growth to RUB4.33 trillion, while EBITDA grew by 13% y/y to RUB985bn and net income increased by 5% y/y to RUB590bn.
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