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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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Russia said to form LNG tanker shadow fleet
Facing mounting sanctions for its liquefied natural gas industry, Russia is believed to be building up a shadow fleet of tankers for LNG transportation.
Russian oil major Rosneft approves 2023 dividend
Russian oil refining to recover in summer 2024
Russian oil refining in July-August 2024 could increase to record levels of 5.6mn-5.7mn bpd, according to the Kpler report cited by Kommersant daily, recovering from the drop in the downstream segment seen since the beginning of the year.
Azerbaijan's energy minister reveals COP29 strategy at Milan congress
Minister of Energy Parviz Shahbazov delivered a keynote speech on Azerbaijan's national energy strategy ahead of COP29 at the ministers' panel held within the framework of the Green Energy Transition Congress in Milan, Italy on July 1.
Western journalists reportedly barred from attending Baku Energy Week
Earlier in June, several Western journalists were denied entry to an energy conference in Azerbaijan, sparking renewed concerns over the country’s media suppression ahead of the UN climate talks in Baku in November 2024.
Azerbaijan increases fuel prices
KSE: Assessing Russia`s shadow fleet
Russia’s shadow fleet currently consists of 435 tankers and aims to circumvent sanctions on Russian oil, specifically the G7/EU price cap.
Gazprom won’t pay dividends following heavy loses in 2023
Russia’s natural gas giant Gazprom has decided against paying dividends for 2023, following heavy losses in 2023, the company’s shareholders decided at its annual meeting on June 28.
Russian oil pipeline operator Transneft to pay 2023 dividend
The board of Russian state oil pipeline operator Transneft recommended paying a dividend of RUB177.2 per share for 2023, which corresponds to the previous Russian government directive to pay a total dividend of RUB128.5bn ($1.5bn).
Turkmenistan could stand in way of Russian plan for gas export route running to Iran, says analyst
Ukraine’s attacks on Russian oil refineries have done little damage to Russia’s economy so far
Ukraine continues to attack Russian refineries with drones but as drones only carry a 5-50kg explosive payload, rather than the 500kg carried by bombers, they can’t destroy a refinery, only damage it.
Iran, Russia’s Gazprom sign memo on gas supplies
The National Iranian Gas Company and Russia’s energy giant Gazprom have signed a strategic memorandum of understanding to bring Russian pipeline gas to Iran.
Azerbaijan reports 14.8 mcm gas loss in 1Q24
In the first quarter of 2024, Azerbaijan experienced a loss of 14.8mn cubic metres of gas in its main pipelines, an 8.6% decrease year on year.
SOCAR and Germany's VNG sign MoU
Bolivia: Lukoil sends 366,000 barrels of diesel to YPFB
Lukoil, a Russian oil company, has dispatched 366,000 barrels of diesel, equating to 50,000 tonnes, to Yacimientos Petrolíferos Fiscales Bolivianos to support Bolivia's fuel supply.
China's Wison New Energies to quit Russian projects
In what is being seen as a major blow to the trouble-hit Arctic LNG 2 project, leading Chinese engineering firm Wison New Energies has announced its own withdrawal from all ongoing Russian projects
Fossil fuel use reaches global high
A new report finds that fossil fuel energy use rose to a record high in 2023, despite efforts to combat climate change.
Global gas flaring at highest level in five years
In 2023, the volume of gas flared globally rose by 9bn cubic metres to 148 bcm, the highest level since 2019, according to a new World Bank report. This is despite efforts to curtail the practice because of climate change.
Israel emerging as source of tension in Azerbaijan’s special relationship with Turkey
War in Gaza and domestic politics in Turkey create cracks in Azerbaijani-Turkish alliance.
Rosneft forecasts 6% oil output growth out to 2031
State-run integrated energy company Rosneft has forecast mild growth of 6% over the next 7 years.
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