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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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Ukrnafta attracts foreign interest for joint development of oil fields
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
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.
Azerbaijan increases 2024 state oil fund budget
Pakistan eyes expanded economic ties with Azerbaijan, including refinery equity participation
Son of former Uzbek foreign minister snaps up filling station network
The son of a former Uzbek foreign minister acquired a network of filling stations and a small-scale oil refinery from national oil company Uzbekneftegaz.
Karachaganak group commissions new gas compressor
The international consortium operating the Karachaganak gas condensate field in northwest Kazakhstan is in the final stage of commissioning a new sour gas injection compressor that will extend the project’s production plateau.
Ukrnafta secures EBRD loan to invest $1bn in power plants
Ukrnafta, Ukraine's leading oil and gas company, will receive a loan from the European Bank for Reconstruction and Development and invest $1bn in constructing power plants as part of its transformation into a multi-energy company.
SOFAZ reports significant decline in revenues from ACG and Shah Deniz fields
The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has reported a substantial decrease in revenues from the Azeri-Chirag-Gunashli (ACG) block and the Shah Deniz field for the first half of 2024.
Turkmenistan signed a contract to supply up to 10bn cubic metres of gas per year to Iraq via Iran
Russian oil major Bashneft approves 2023 dividend
The shareholders of the Russian regional oil major Bashneft of Bashkortostan Republic approved RUB249.69 per ordinary and preferred share dividends for 2023.
Russian oil major Gazprom Neft approves 2023 dividend
The shareholders of Russian oil major Gazprom Neft approved a final dividend of RUB19.49 per share for 2023, making a total dividend of RUB102.43 per share for 2023.
Finding foreign Vostok Oil partners may be a challenge
Rosneft is sitting on a huge oil resource that can provide low-cost crude in ample quantities. But it will be a challenge securing any international support to fully capitalise on that resource.
Iran, Turkmenistan, Iraq sign gas swap deal
Iran, Turkmenistan and Iraq have signed a gas swap deal for up to 10bn cubic metres annually.
Armenia sees significant annual increase in petrol and diesel prices
Armenia's gasoline prices increased by 25.7% in June 2024 compared to June 2023, while diesel fuel prices saw a 16.5% increase, according to the National Statistical Committee of Armenia.
Russia makes inroads in Vietnam
Russia’s Zarubezhneft and Novatek are set to expand their positions in Vietnam, after agreements reached during a visit to the southeast Asian country by Russian President Vladimir Putin last month.
Russia to allow gasoline exports for another month
Russia will continue permitting refiners to export gasoline for another month, as the domestic market is well-stocked with supply, the government stated in a decree on June 29.
Gazprom to launch Far East gas supplies to China by 2027, says CEO
Gazprom will commence pipeline gas supplies to China via a planned Far Eastern route in 2027.
Azerbaijani and Italian energy ministers meet
Chevron to help hunt for gas in Kazakhstan
Astana is eager to boost gas development to provide more settlements with the fuel in order to expand energy access and reduce its reliance on coal and other dirtier fuels.
Transneft files claim against Rosneft over 2021 oil contamination
Russian state oil pipeline operator Transneft filed for RUB3.4bn in a fresh claim against Russian oil producer Rosneft in June and they may be related to the contamination of oil with organic chlorides.
Europe boosts Russian pipe gas supplies by 27% in H1 2024
Europe increased Russian pipeline gas purchases by 27% year on year in the first six months of 2024.
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