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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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Shares in AIM-listed Mongolia company Petro Matad drop as well update describes “choked back” oil flows
Kazakhstan cuts oil production in October
TMK takes step towards demonstrating commercial coal seam gas flows achievable at Gurvantes XXXV project in Mongolia
Kazakhstan extends LPG export bans
Chinese oil service giant Xinjiang Beiken Energy Engineering Co to exit Ukraine
China’s largest private oil service company, Xinjiang Beiken Energy Engineering Co., is selling its Ukrainian business, Beiken Energy Ukraine, to a Cypriot firm owned by Ukrainian businessman Ihor Mazepa.
India defends Russian oil purchases
India has defended its significant scale-up in purchases of Russian oil over the past two years, with Oil Minister Hardeep Singh Puri stating on November 9 that global oil prices “would have hit the roof” if it had rejected Russia’s supplies.
Pakistan could quit TAPI as India now “extremely lukewarm” on gas pipeline project, says report
Demise of investment would deal major blow to Turkmenistan, which badly needs to diversify its gas exports.
Lukoil denies report of possible sale of Bulgarian refinery to Qatari-British venture
Contrary to widespread reporting in the international media regarding the sale of the Lukoil refinery in Bulgaria, the Swiss-based owner of the refinery’s majority share, Litasco, has issued a statement saying the reports are not correct.
France top Russian fossil fuel importer in the EU in Oct
France emerged as the top importer in the EU of Russian fossil fuels in October, the Finland-based Centre for Energy and Clean Air Research (CREA) reported on November 8.
Gazprom finally divests from Latvian gas supplier
Russian state gas exporter Gazprom sold its 34% stake in Latvian gas company Latvijas Gaze in October, finally marking its withdrawal from the Baltic state.
Europe can offset loss of Russian gas transit via Ukraine with LNG: Snam CEO
Europe can offset the potential loss of Russian gas supplies via Ukraine with increased LNG imports, the head of Italian gas grid operator Snam said during a post-result conference call on November 7
Second small-scale LNG project announced in Kazakhstan
Dubai-based Silk Way Energy plans to build a small-scale LNG plant in Kazakhstan’s southeast Zhetysu region.
German Uniper pays back €530mn for Gazprom-linked bailout
Energy major Uniper announced it is transferring €530mn to German authorities as part of repaying a bailout of €13.5bn.
COP29 Azerbaijan fossil fuel scandal sums up the crisis of modern climate diplomacy
Azerbaijan's COP29 chief executive Elnur Soltanov attempted to balance climate rhetoric with fossil fuel promotion in secret recordings obtained by Global Witness.
Kazakhstan boosts production of petrochemicals by 71% in 10M24
FSUOGM: Turkey plans regional gas hub, Istanbul index in 2025
Russian damper payments to refineries slump in October
Russian budget payouts to oil refineries under the fuel price damper mechanism dropped to their lowest monthly level in a year in October, to $1.1bn.
COP29 begins in Azerbaijan
No deal yet between Europe and Azerbaijan to keep gas flowing through Ukraine, says Naftogaz CEO
A contract between Europe and Azerbaijan to keep gas flowing through Ukraine after Russia’s transit deal expires in December is not currently in place, despite recent reports suggesting an agreement was near,
Russia reportedly mulls oil industry mega-merger
It would mark the continuation of re-nationalisation policies that began during Putin’s first term in office.
Turkish gas trader launches ruble-euro swaps
Turkish gas trader Bosphorus Gaz is launching a currency exchange mechanism to overcome payment issues between Turkish and Russian companies.
Tatneft to assist Uzbekneftegaz in geological exploration research
Russia’s Tatneft has agreed to assist Uzbekistan’s Uzbekneftegaz in geological exploration research.
Russia to transfer Zvezda shipyard to UGC in move to consolidate shipbuilding assets
Russian state oil company Rosneft has begun talks with Russian state development bank VTB on the transfer of the Zvezda shipyard in the Russian Far East to state shipbuilding group USC.
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