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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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Private group of Azeri firms acquire interest in Turkish gas block
A private group of energy companies in Azerbaijan called GL Group have acquired an interest in a gas block in Turkey, hailing it as their first foray into the international upstream sector.
Tethys secures key regulatory approval to bring Kazakh wells on stream
Kazakhstan-focused junior Tethys Petroleum reported on October 18 it had secured a key regulatory approval to launch oil production at three new wells in the Central Asian country.
Iraq inks deal to import Turkmen gas using swaps with Iran
Novatek gas sales down 2.3% in 9M 2024
Natural gas sales at Russia’s Novatek were down 2.3% year on year at 56.16bn cubic metres in January through September, as the company continues its search for buyers for LNG from the sanctioned Arctic LNG-2 project.
FSUOGM: Russia seeks to boost domestic gas sales on the exchange
Russian gas supply to China could reach 85 bcm by 2030, says Gazprombank
Russian gas pipeline and LNG exports to China could reach 85bn cubic metres by 2030, according to analysts from Gazprombank’s Centre for Economic Forecasting (CEP).
Russia's Komi region faces tax losses after Lukoil closes down offices
Russia’s northeast Komi region stands to lose significant tax income as a result of Lukoil’s decision to merge its production unit based there with another subsidiary in the Perm region.
Russia ramps up NSR oil shipments to China by 30% this year
Russian oil exporters have increased their shipments via the Northern Sea Route to China by 30% this year to 1.9mn tonnes.
EU's Simson urges bloc to continue cutting Russian gas
The EU must ensure it reverses the trend of rising Russian gas imports seen this year and follow through on its commitment to eliminate those imports entirely by 2027.
EC says Europe ready for cut-off of Russian gas transit through Ukraine
European Commissioner Kadri Simson said this week that the European Union is ready for the gas transit agreement between Ukraine’s Naftogaz and Russia’s Gazprom to expire at the end of this year.
Kazakh government approves plan for infrastructure projects and reforms through to 2029
Kashagan operators reject QazaqGaz claims on oil output increasing in relation to new gas processing facility
Oil shipments on Russia’s Northern Sea Route to China up 30% in 2024
Russian oil companies have increased their shipments via the Northern Sea Route (NSR) to China by 30% to 1.9mn tonnes as of the beginning of October 2024.
Russia to seek €1bn damages from Shell for Sakhalin pullout
The Russian Prosecutor General's Office has demanded to recover more than €1bn in damages from the Dutch-British oil major Shell.
Azerbaijani national appointed bp’s SVP for production
Azerbaijani national Elkhan Mammadov has been appointed senior vice president of production at BP, beginning December 2, 2024, according to the press release from the company.
Don't hold your breath for Central Europe to give up Russian oil any time soon
Hungary and Slovakia’s reluctance to quit Russian oil is consistent with their broader defence of continued economic ties with Russia.
SOCAR sees a decline in oil and gas production for 9M24
According to operational data, from January to September of this year, Azerbaijan produced 21.6mn tonnes of oil (including gas condensate).
Qatar to invest $20bn in multiple sectors of Kazakh economy
Russia seeks to boost domestic gas sales on the exchange
Russia’s Federal Antimonopoly Service and its energy ministry have proposed regulations requiring Gazprom and other producers to sell a share of their gas output on the St. Petersburg International Mercantile Exchange.
Kazakh-built Satti rig to work at Dragon Oil project off Turkmenistan
Kazakhstan’s first domestically built self-elevating offshore drilling rig Satti is set to begin drilling operations shortly at the Cheleken project in the Turkmen sector of the Caspian Sea.
Russia to supply 1 bcm of extra gas to China via Power of Siberia this year
Russia’s Gazprom is on track to supply 1 bcm more gas to China this year via the Power of Siberia pipeline than under its contractual obligation.
Kazakhstan extends and expands ban on fuel exports
Kazakhstan plans to extend a ban on exports of petroleum products, while also extending it to apply not only to exports by road but via rail as well.
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