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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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Russian oil transit to Europe via Ukraine doubles in July, consultancy reports
The volume of Russian oil transported through Ukraine to European countries more than doubled in July to 1.09mn tonnes, up from 540,000 tonnes in June.
EU declines Hungary, Slovakia request to mediate in Ukraine-Lukoil sanctions dispute
The European Commission has rejected requests from Hungary and Slovakia to mediate a consultation with Ukraine over sanctions imposed by Kyiv on Russian oil producer Lukoil.
Vitol under investigation over alleged bribery in Kazakhstan
Uzbekistan's gas import bill leaps to $984mn in 7M24, up nearly fivefold y/y
Uzbekistan's natural gas imports totalled $983.7mn from January to July, nearly five times higher than the $201mn recorded during the same period in 2023.
Hungary's MOL seeks to take oil at Russia-Ukraine border
The same arrangement might be made for Russian gas supplies through Ukraine after Kyiv and Moscow’s long-term transit contract expires at the end of this year.
OPEC receives updated compensation plans for over-production from Iraq and Kazakhstan
Uzbekistan gas extraction drops 5% y/y in 7M24
Uzbekistan’s gas extraction amounted to 26.15bn cubic metres (bcm) during the first seven months of 2024, marking a 4.8% y/y decline
Russian oil major Tatneft ups income by 36% in 1H24
Russian regional oil major Tatneft of Tatarstan Republic increased IFRS revenues by 49% year on year to RUB931bn in 1H24, with adjusted net income up by 36% y/y to RUB158bn ($1.7bn).
Air Products announces $140mn acquisition of Saneg’s hydrogen assets at Uzbekistan refinery
US-based Air Products, the global leader in hydrogen supply, has announced the $140mn-acquisition of Saneg’s hydrogen production assets at Fergana Oil Refinery in Uzbekistan.
Reduction in gas losses and decline in oil transportation mark Azerbaijan's energy sector in 1H24
In 1H24, Azerbaijan's energy sector reported mixed outcomes in the transportation and revenue generation from its main gas and oil pipelines, with notable fluctuations in both gas and oil handling.
If Russian gas transit through Sudzha stops, who are the winners and losers?
Russia generates approximately $11bn annually from exporting oil and gas through Ukraine, while Ukraine earns only $1bn from transit fees, according to Serhiy Makogon, former Director of the Ukrainian Gas Transmission System (GTS) Operator.
Russian court orders freeze of assets held by Linde's UK arm
A Russian court has ordered the freezing of assets worth $1.15bn belonging to the UK arm of Germany’s Linde, over its failure to build a gas processing plant on the Baltic Sea.
Kazakhstan ramps up claims against Kashagan consortium
CPC records 3% y/y increase in crude exports in Jan-July
Mongolia omits Russia-to-China Power of Siberia 2 pipeline project from action plan for years ahead
SLB oil services major steps up Russian activity
China shaping Azerbaijan's energy future amid US competition in Caspian region
China's foreign policy relies in no small part on its investments in other nations' energy transitions, which foster strategic alliances and increase its geopolitical clout
Russian seaborne fuel exports up 3.8% in July
Russian seaborne oil product exports were up 3.8% month on month in July at 10.53mn tonnes, as seasonal maintenance work wound down.
Ukraine would not have blown up Nord Stream pipes without Washington's consent, claims top Russian diplomat
Ukraine would not have blown up the Nord Stream pipelines without getting approval from the US, according to Russia's ambassador to Washington.
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