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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 reports 452.2 bcm of gas and 643mn tonnes of oil production from ACG and Shah Deniz fields up to September 2024
Since the start of operations at the Azeri-Chirag-Guneshli (ACG) and Shah Deniz fields up until September 1, 2024, Azerbaijan has produced a total of 452.2 bcm of gas and 643mn tonnes of oil (including condensate).
MOL reaches agreements securing Druzhba crude deliveries
Hungarian oil and gas company MOL has concluded agreements to secure the continuous transport of crude through the Druzhba (Friendship) pipeline through Belarus and Ukraine to Hungary and Slovakia.
SOCAR and Bulgaria's Asarel Medet to jointly implement gasification project in Panagyurishte
RDIF, Gazprom to collaborate on domestic LNG development
The Russian Direct Investment Fund and state gas producer Gazprom’s LNG tech unit have agreed to collaborate on investing in small and medium-scale LNG production and infrastructure projects.
Russia, Serbia must renew gas supply contract, says Putin
Russia and Serbia must address the looming expiry of their gas supply contract next year, Russian President Vladimir Putin said.
Azerbaijan’s Absheron gas field has produced 1.8 bcm of gas since production began
According to Azerbaijan's Ministry of Energy, approximately 1.8 bcm of gas has been produced at the Absheron gas-condensate field, located in the Azerbaijani sector of the Caspian Sea, since production began.
Amur region to set up polymer processing
The Amur region is set to establish an industrial park for polymer processing, following the launch of the Amur Gas Chemical Complex within a few years.
Dushanbe seeks Tatneft's help in launching long-delayed Dangara refining project
The Dangara project represents Tajikistan’s failed attempt to overcome total reliance on imports of petroleum products, mostly from Russia.
Iran seeks to commission small oil field in country's north
Iran is looking to extract crude oil from a small field in the north-western province of Ardabil to supply a major refinery in the region.
OPEC+ delays planned unwinding of cuts amid pressures
In June, eight members, including Saudi Arabia, Russia, Iraq and the UAE, said that they would begin unwinding some of their “voluntary” cuts from October.
Washington tightens sanctions screws on Russia's Arctic LNG-2
The US has ratcheted up pressure on Russia’s Arctic LNG-2 development further, announcing sanctions on September 5 on two companies and two vessels with ties to the project.
Kazakhstan to see major drop in oil output in October amid Kashagan maintenance
Kazakhstan's energy ministry warned on September 6 that it anticipated a significant drop in oil output as a result of maintenance at the offshore Kashagan oilfield in October.
FSUOGM: Gazprom back in black in H1 after suffering loss in 2023
Azeri president expects "breakthrough" in Ukraine gas transit talks
Azeri President Ilham Aliyev said on September 5 he was confident there would be a “breakthrough” in negotiations between Moscow and Kyiv to maintain Russian pipeline flow through Ukraine to Europe.
Uzbekistan doubled gas imports in H1
Uzbekistan more than doubled its natural gas imports in the first half of this year, as a result of declining domestic supply, a booming economy and the launch of Russian supplies to the Central Asian state last autumn.
Russian gas demand could climb 13% over next decade, analysts say
Russia's domestic gas consumption could rise by as much as 65bn cubic metres by 2035, according to projections from the Analytical Center for the Fuel and Energy Complex.
Tajikistan proposes cooperating with Tatarstan’s Tatneft to start up refining at Dangara facility
Premium energy basins: Focus on emissions reduction as oil and gas demand persists [Energy Insights]
Despite the accelerating energy transition, oil and gas will remain central to the global energy mix for the foreseeable future as the key hydrocarbon sources continue to satisfy global primary energy demand.
Kazakh Energy Ministry requests postponement of planned maintenance at Kashagan field
Kazakhstan’s QazaqGaz to purchase and deliver LPG to domestic market
Shell to cut 20% of exploration staff as CEO expands cost-saving drive to core oil business
CEO Wael Sawan is targeting a 20% cut in these divisions, extending his cost-saving initiatives beyond the previously affected renewables and low-carbon segments.
Turkish-Turkmen gas supply plans for Europe: strategic masterstroke or risky bet?
Turkmenistan is the fourth-largest holder of confirmed natural gas reserves in the world, with an estimated 19.5 trillion cubic metres of reserves.
Azeri Light crude oil price drops 3.69% to $78.55 per barrel
Putin proposes new gas deal with Serbia
Russian President Vladimir Putin has proposed initiating discussions with Serbia on a new gas agreement as the existing deal is set to expire in March 2025, local news portal eKapija reported on September 4.
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