FSUOGM - Former Soviet Union Oil & Gas

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Oil & Gas

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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.

FSUOGM is a fully digital publication and can be read via PDF, PageSuite or via our NewsBase App.

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Azerbaijan invests heavily but sees declines in energy sector benefits

16 July 2024

In H1 2024, Azerbaijan's energy sector showed varied results. According to the State Statistics Committee, the electricity, gas and steam production, distribution and supply sectors produced products worth AZN1.55bn, a 1.9% decrease y/y.

South Africa eyes Russian LNG

16 July 2024

South Africa should not be “ashamed of importing gas from Russia,” the former country’s energy minister, Gwede Mantashe, told parliament in Cape Town on July 11.

Tatneft to help develop one of Azerbaijan's oldest oilfields

16 July 2024

Russian mid-sized oil company Tatneft will take part in the development of Azerbaijan's oldest oil and gas fields, the company’s general director Nail Maganov said at a forum in Tatarstan.

Rosneft secures tax breaks at Vostok Oil

16 July 2024

Russian national oil company Rosneft’s giant Vostok Oil megaproject will have exemptions from sweeping tax hikes approved by the country’s parliament last week.

Regional Gazprom executive detained for bribery

15 July 2024

A deputy department head of Gazprom’s Belgorod-based gas distribution branch has been detained on suspicion of receiving a RUB27mn bribe.

Russia’s Novatek seeks to gain foothold in China’s LNG market

15 July 2024

Russian state-run LNG developer Novatek has offered part of an LNG cargo to China as its new China marketing arm pushes to break into China’s massive domestic gas market.

Bulgaria moves ahead with €400mn Gazprom lawsuit

10 July 2024

Bulgarian state-owned gas company Bulgargaz announced the start of an arbitration process against Russian natural gas giant Gazprom, seeking compensation of €400mn for halted gas supplies in 2022.

EU sees sharp drop in gas imports in Q1

9 July 2024

The EU saw a significant reduction in natural gas imports in the first quarter this year, with volumes decreasing by over 11% compared to the same period in 2023, while the import value dropped by more than half.

Austria appoints commission to look at ending Russian gas contract

9 July 2024

Austrian Energy Minister Leonore Gewessler has appointed a commission of experts to explore whether Austria’s OMV can get out of a long-term deal with Gazprom for Russian gas.

Germany near to deal on fate of Rosneft assets

9 July 2024

Germany is close to a deal to decide the fate of assets belonging to Russian oil company Rosneft that the government took over two years ago in the wake of Moscow’s invasion of Ukraine.

Ukraine eyes $20bn investment to boost biogas production

9 July 2024

Ukraine has the potential to produce up to 10bn cubic metres of biogas annually, contingent on a substantial investment of $20bn or more.

Naval blockade of Russian oil exports could escalate tensions, warns expert

9 July 2024

A naval blockade of Russian oil exports could escalate tensions between Moscow and West and would violate peacetime international maritime law.

Nord Stream attacks planned back in 2014, claims German newspaper

9 July 2024

The sabotage of the Nord Stream 1 and 2 pipelines in autumn 2022 was planned back in 2014, prior to Russia’s annexation of Crimea.

White House mulls measures to tackle Russian oil shadow fleet

9 July 2024

US President Joe Biden’s Treasury Department is looking to take new steps to prevent Russia from using its so-called “dark fleet” of ageing oil tankers with opaque ownership to circumvent sanctions.

Rosneft launches digital cloud system

9 July 2024

Russia’s largest oil producer Rosneft has launched its own digital platform, based on Russian software, that brings together its various IT services and solutions.

Ukrnafta attracts foreign interest for joint development of oil fields

9 July 2024

Ukraine's largest oil and gas mining company, Ukrnafta, has received letters of intent from six foreign companies for the joint development of 15 out of 21 fields it proposed for investment in 2023.

Russia seeks to maintain EU gas transits via Ukraine, Kyiv opposes extension

9 July 2024

Russia aims to continue supplying gas to the EU through Ukraine’s gas transport system after the current transit contract expires at the end of the year, Russian Deputy Prime Minister Alexander Novak announced on July 3.

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