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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 to target more hard-to-recover resources over the coming years
Kazakhstan’s state-owned KazMunayGas plans to ramp up oil production over the coming years and decades by exploiting hard -to-recover oil reserves.
Azerbaijan ramps up gas supply by 4.6% in 7M 2024
Azerbaijan ramped up natural gas production by 4.6% year on year in January through July to around 29.5bn cubic metres.
Ukraine resumes production at Sakhalin gas field
The Ukrnaftoburinnia company, which oversees production at Ukraine's Sakhalin field, restarted extraction on August 10, adding approximately 1.39mn cubic metres of natural gas to the country's daily output.
Rosneft wants new methodology for calculating oil prices for tax
As usual, Rosneft is lobbying on various fronts currently.
Eni starts shipping Kazakh oil to Germany via Druzhba
Italy’s Eni has begun shipping Kazakh oil to Germany via the Russian Druzhba pipeline system.
Ukraine and Russia maintain gas transit to Europe despite fighting in Kursk
Ukraine and Russia will continue to transport fuel through pipelines despite ongoing military conflict in Russia's Kursk region, ensuring a steady flow of gas to Europe.
Fuel oil production in Azerbaijan surges by 230% in 2024
January-July 2024 sees increase in Azerbaijan's oil and gas production
In January-July 2024, the total value of production in the mining industry in Azerbaijan amounted to AZN24.23bn, reflecting a 1.1% increase y/y.
Ukrainian diving instructor suspected of blowing up Nord Stream gas pipelines on the run from a German arrest warrant
A Ukrainian diving instructor suspected of being part of the gang that blew up Nord Stream gas pipelines last year is on the run. German prosecutors issued an arrest warrant for the man only identified as Vladislav Ts on August 13.
The Russian government has extended a ban on petrol exports until the end of 2024
The Russian government has extended a ban on petrol exports until the end of 2024, aiming to stabilise the domestic market amid increased seasonal demand and scheduled refinery repairs.
Uzbekistan eyes private sector for liquefied gas distribution
Uzbekistan is exploring involving the private sector in liquefied gas distribution, which could impact nearly half of the country's population.
SOCAR's oil and gas production rises in 2Q24
In 2Q24, the State Oil Company of the Republic of Azerbaijan carried out 21.6 km of drilling operations.
Russian oil major Lukoil may bring the Valery Grayfer field in the Caspian Sea to its design capacity of 1.2mn tonnes of oil by 2028
The initial recoverable reserves of the field are 19.2mn tonnes. At the end of 2023, the company began industrial production at the field.
BP’s increased oil production at ACG field to boost Azerbaijan’s exports and state budget amidst high energy prices
BP's increase in oil production at the Azeri-Chirag-Gunashli field is expected to boost exports and fill Azerbaijan's state budget amid high energy prices.
KMG arrests output decline at key mature Kazakh asset
Kazakhstan’s national oil company KazMunayGas has managed to arrest production decline at one of its major mature projects, the Ozen field in the western Mangystau region.
European gas traders reluctant to use Ukrainian storage this summer
European gas traders have used Ukraine’s substantial storage facilities for the fuel only sparingly this summer, in light of Russian attacks and ample supplies of stock already in the EU.
Reuters names five Western insurers covering Russian oil trade to Asia
Five Western insurers provided coverage for tankers shipping Russian oil to Asia this year, even though others in the sector have withdrawn support for such vessels because of concerns they will violate the G7 price cap by doing so.
FSUOGM: Novatek downsizes Murmansk LNG project
Russia sees dip in drilling activity in H1
The decline is reflective of production cuts, while the impact of Western sanctions is limited.
Lukoil's Grayfer field in Caspian to reach full capacity three years late
The Grayfer oilfield in the Russian section of the Caspian Sea is on track to reach its design capacity of 1.2mn tonnes per year in 2028.
Second LNG vessel docks at sanctioned Arctic LNG 2 terminal
Russia’s efforts to create a shadow fleet of LNG tankers appear to be gaining momentum after a second LNG vessel was spotted docked at the sanctioned Arctic LNG 2 facility on the Gydan Peninsula in northern Siberia.
Kyiv's capture of key border facility raises risk of early end to Russian gas transit via Ukraine
The capture of the Sudzha gas metering border station raises the risk of an early termination of Russian gas transit through Ukraine ahead of the expiry of Moscow and Kyiv’s long-term contract at the end of this year.
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