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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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Slovakia threatens to halt petroleum product supply to Ukraine over Lukoil sanctions
Slovakia has warned it may suspend the supply of petroleum products to Ukraine in response to Kyiv’s sanctions against Russian oil company Lukoil.
UK to slap sanctions on 11 more Russian shadow oil tankers
The UK plans to slap sanctions on 11 more Russian-associated oil tankers, in a further effort to undermine the Kremlin’s export revenues.
Russian LNG shadow fleet could count over 50 vessels
Since 2Q23 over 50 liquefied natural gas tanker vessels have registered in the UAE, in what is suspected to be a Russian “shadow fleet” for LNG in the making.
Rig arrives at Sakhalin for drilling at sanctioned offshore field
A semi-submersible drilling rig was due to arrive at Sakhalin Island in the Russian Far East on July 20 for drilling at the offshore Yuzhno-Sakhalinskoye field.
Russian seaborne oil exports drop to lowest level in January
Russia’s four-week average for oil exports up to July 14 sunk to its lowest level since January.
Novatek boosts output by 3% in Q2
Russia’s top LNG exporter Novatek increased its quarterly hydrocarbon production by 2.8% year on year in the second quarter to 1.79mn barrels of oil equivalent per day.
Hungary faces energy crisis, after Ukraine cuts off Russian oil deliveries
Hungary's Foreign Minister Peter Szijjarto has warned that a durable solution is urgently needed following Ukraine's decision to cut off oil deliveries from Russia’s Lukoil, causing a significant disruption to Hungary's oil supply.
Azerbaijan demands long-term gas contracts from EU
UK and EU step up sanctions on Russian tankers
At the European Political Community hosted in Britain, UK Prime Minister Keir Starmer announced further sanctions on the so-called Russian shadow fleet of oil tankers, in a statement released by Downing Street.
China reportedly blocks Qatari investment in Kazakh pipeline
Kazakhstan's state-run gas pipeline operator and producer, Qazaqgaz, is facing a new challenge in its efforts to increase Qatari investment in the country's pipeline and gas processing projects.
Weighing up impact of halt to Ukrainian gas transits
Rystad Energy considers the options for European countries that still rely on Russian gas in the event that Ukrainian transits are halted at the end of this year.
IEA raises Russian gas production forecast for 2024
The International Energy Agency has raised its forecast for Russian natural gas production to 675bn cubic metres, according to its quarterly gas market report released on July 16, versus an April projection of 670 bcm.
EBRD commits €200mn to strengthen Ukraine's energy security amid G7 loan negotiations
The EBRD has pledged €200mn to bolster Ukraine's energy security and enhance the readiness of Ukrainian projects to attract foreign investment.
Nostrum raises reserves fivefold at Kazakh field
Kazakhstan-focused junior producer Nostrum Oil & Gas has increased its reserves fivefold at the Stepnoy Leopard fields following an independent third-party evaluation by Xodus Group.
Azerbaijan's oil exports in H124: Italy, Israel and India as top destinations
In the first half of 2024, Azerbaijan exported oil worth $2.721bn to Italy, making it the leading destination for Azerbaijan's oil exports.
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