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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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Hungary reacts angrily to European Commission’s call to reduce dependency on Russian oil
Kazakhstan to temporarily reduce oil shipments via BTC pipeline due to maintenance at Tengiz
Fitch upgrades Turkmenistan IDR to ‘BB-’ on further improvement in “exceptionally strong sovereign balance sheet”
Supply gas deal with Russia a win-win, Iranian envoy says
A long-term gas deal inked between Iran and Russia in June is a “win-win,” Tehran’s ambassador to Moscow was quoted as saying.
Uzbekistan launches probe into sharp LPG price hike
EU urges Hungary and Slovakia to cut their dependency on Russian oil
Brussels says that oil supplies to the two countries are not at immediate risk from Ukraine's tightening of sanctions on Lukoil.
FSUOGM: Gasum halts Russian LNG purchases
Russia extends gasoline export ban
Russia has extended its ban on exports of gasoline until the end of October, in response to shortages and a spike in the price of the fuel.
Moldovan companies allegedly involved in Russia's oil and fuel export
Investigative organisation RISE Moldova identified several Moldovan companies that came to "play an important role in the maritime transport of Russian oil.”
Azerbaijan's major oil and gas projects report significant operational and capital expenditures in 1H24
Slovenia's Geoplin seals first natural gas supply deal with Azerbaijan's SOCAR
Slovenia's leading gas wholesaler, Geoplin, said on August 1 it has concluded its first natural gas supply agreement with Azerbaijan’s energy giant SOCAR.
SOCAR and Eni S.p.A. sign memorandum to enhance energy cooperation and sustainability
Minister of Economy and Chairman of the Supervisory Board of the State Oil Company, Mikayil Jabbarov, and SOCAR President Rovshan Najaf met with Claudio Descalzi, CEO of Italy’s Eni S.p.A company.
Energo: Russia prepares $25bn initiative to substitute equipment and tech in the energy sector
Russia prepares $25bn initiative to substitute equipment and tech in the energy sector
Russia’s flagship national initiative to achieve “technological sovereignty” in the energy sector, overcoming dependence on Western technology, is set to cost RUB2.14 trillion ($25bn) between now and the end of the decade.
Major Moldovan fuel distribution company Tirex Petrol goes insolvent
Tirex Petrol, the incumbent car fuel distribution company in Moldova and the fourth-largest distribution company in 2023 (after major players Petrom, Rompetrol and Lukoil) privatised in 2000, entered insolvency at the request of creditors.
Helmerich & Payne to acquire KCA Deutag
Helmerich & Payne (H&P) is to acquire UK-based KCA Deutag International for $1.97bn in cash
$10 oil price change to impact Azerbaijan's budget by AZN100mn and SOFAZ by $0.4bn in 2024
According to calculations by the Ministry of Finance, considering the full transfer of funds from the State Oil Fund of the Republic of Azerbaijan to the state budget and the actual revenues for the first half of the current year.
Gasum halts Russian LNG purchases
Finland’s Gasum has stopped LNG purchases from Russia in response to EU sanctions imposed last month that prevent delivery of such cargoes to terminals not connected to the bloc’s gas network.
Russian gas output up 9.5% in June on warm weather
Russia increased natural gas production by 9.5% year on year in June to nearly 49bn cubic metres, reflecting an increase in domestic demand because of warmer weather.
Russia's finance ministry rejects Lukoil call for support for refining investments
Russia’s finance ministry is against providing state support for large-scale modernisation projects at refineries, rejecting a proposal for aid from Lukoil.
Refining assets of Lukoil oil major refused state support
Russia’s Ministry of Finance refused state support for major refinery modernisation projects of the country’s second-largest oil producer Lukoil.
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