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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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Azerbaijan's oil and gas production stable in 1H24, with slight increases in exports
In January-July 2024, Azerbaijan processed nearly 3.7mn tonnes of oil, a figure consistent with the same period last year, according to the Ministry of Energy.
UAE bans some Russian shadow fleet tankers from entering its ports
The United Arab Emirates has banned access to its ports for ships belonging to Russia's shadow fleet, including tankers registered under the flag of the landlocked African country of Eswatini.
Moldova institutes a state of early alert in the natural gas sector
The Extraordinary Situations Commission in Moldova instituted a state of early alert in the natural gas sector after the Ukrainian military took control of the cross-border interconnection point at Sudja putting at risk the flow of Russian gas.
What is Ukraine’s goal in the Battle for Kursk?
Two days ago the Armed Forces of Ukraine launched a surprise attack on the Russian region of Kursk and rapidly captured an estimated 350 square kilometres of Russian territory – the biggest territorial gain of the war. Why?
The population of Azerbaijan reduced gas consumption by more than 4%
Azerbaijan's natural gas reserves at the beginning of 2024, including reserves as of early January, amounted to 21.8709 bcm.
SOFAZ's revenue from ACG and Shah Deniz fields decreases
There is something fishy about the Ukraine sanctions on Lukoil's deliveries to Hungary and Slovakia
Ukraine's recent partial restriction on the operation of the Russian Druzhba oil pipeline has sparked a big row between the war-torn country and Hungary and Slovakia who say they have been cut off from their Russian oil supplies.
What makes Russian gas Russian? How Azerbaijan’s gas transit through Ukraine would likely work
Likely, any Azeri gas that does flow through Ukraine after this year will be Azeri in name only, with the molecules originating in Russia.
Russia ships this year's first cargo of crude oil via the Arctic Northern Sea Route to Asia
Russia has successfully exported its first cargo of crude oil via the Arctic Northern Sea Route (NSR) to Asia, amid higher-than-expected overall seaborne exports in July.
Sakhalin-2 restarts LNG production after maintenance shutdown
The Sakhalin-2 LNG operator has successfully resumed production after a scheduled maintenance shutdown, Sakhalin Energy said on August 5.
Hungary rules out oil imports via Croatia
Hungarian Foreign Minister Peter Szijjarto on August 2 ruled out securing oil supplies from Croatia as a replacement for lost shipments from Russia’s Lukoil via Ukraine, citing high transit fees.
Novatek downsizes Murmansk LNG project
Russia’s Novatek has reportedly downsized the capacity of its planned liquefaction terminal in Murmansk amid sanctions pressure, after already scaling back the size of its Arctic LNG-2 project.
Kazakhstan fines local oil producer for environmental violations
A court in Kazakhstan has fined local oil producer Caspiy Neft KZT13.7bn for violating hazardous waste regulations.
Azerbaijan starts gas supplies to Slovenia
Azerbaijan's state-owned oil and gas producer SOCAR began gas supplies to Slovenia on August 1, as the company continues to expand its foothold in the European market.
Russian LNG exports down 6% in July
Russian LNG exports were down 5.8% year on year at 1.97mn tonnes in July, mainly as a result of scheduled repairs at Gazprom’s Sakhalin-2 and Portovaya projects.
Ukraine's gas production set to rise by up to 200mn cubic metres this year
Ukraine’s gas production could see an increase of 100 to 200mn cubic metres by the end of the year, Executive Director of the Association of Gas Production Companies.
Russia’s oil and gas revenues soared by 61.6% in 7M24 to $80bn.
Russia’s oil and gas revenues soared by 61.6% in the first seven months of the year, reaching RUB6.777 trillion ($79.98bn) compared with 4.193 trillion ($49.42bn) during the same period last year.
Austria to phase out Russian gas imports by 2027
Austria’s ruling coalition has agreed to halt imports of Russian natural gas by 2027 as part of a new security strategy, as reported by the Kurier newspaper on August 5.
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