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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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Uzbekistan eyes private sector for liquefied gas distribution
Uzbekistan is exploring involving the private sector in liquefied gas distribution, which could impact nearly half of the country's population.
SOCAR's oil and gas production rises in 2Q24
In 2Q24, the State Oil Company of the Republic of Azerbaijan carried out 21.6 km of drilling operations.
Russian oil major Lukoil may bring the Valery Grayfer field in the Caspian Sea to its design capacity of 1.2mn tonnes of oil by 2028
The initial recoverable reserves of the field are 19.2mn tonnes. At the end of 2023, the company began industrial production at the field.
BP’s increased oil production at ACG field to boost Azerbaijan’s exports and state budget amidst high energy prices
BP's increase in oil production at the Azeri-Chirag-Gunashli field is expected to boost exports and fill Azerbaijan's state budget amid high energy prices.
KMG arrests output decline at key mature Kazakh asset
Kazakhstan’s national oil company KazMunayGas has managed to arrest production decline at one of its major mature projects, the Ozen field in the western Mangystau region.
European gas traders reluctant to use Ukrainian storage this summer
European gas traders have used Ukraine’s substantial storage facilities for the fuel only sparingly this summer, in light of Russian attacks and ample supplies of stock already in the EU.
Reuters names five Western insurers covering Russian oil trade to Asia
Five Western insurers provided coverage for tankers shipping Russian oil to Asia this year, even though others in the sector have withdrawn support for such vessels because of concerns they will violate the G7 price cap by doing so.
FSUOGM: Novatek downsizes Murmansk LNG project
Russia sees dip in drilling activity in H1
The decline is reflective of production cuts, while the impact of Western sanctions is limited.
Lukoil's Grayfer field in Caspian to reach full capacity three years late
The Grayfer oilfield in the Russian section of the Caspian Sea is on track to reach its design capacity of 1.2mn tonnes per year in 2028.
Second LNG vessel docks at sanctioned Arctic LNG 2 terminal
Russia’s efforts to create a shadow fleet of LNG tankers appear to be gaining momentum after a second LNG vessel was spotted docked at the sanctioned Arctic LNG 2 facility on the Gydan Peninsula in northern Siberia.
Kyiv's capture of key border facility raises risk of early end to Russian gas transit via Ukraine
The capture of the Sudzha gas metering border station raises the risk of an early termination of Russian gas transit through Ukraine ahead of the expiry of Moscow and Kyiv’s long-term contract at the end of this year.
Azerbaijan's oil and gas production stable in 1H24, with slight increases in exports
In January-July 2024, Azerbaijan processed nearly 3.7mn tonnes of oil, a figure consistent with the same period last year, according to the Ministry of Energy.
UAE bans some Russian shadow fleet tankers from entering its ports
The United Arab Emirates has banned access to its ports for ships belonging to Russia's shadow fleet, including tankers registered under the flag of the landlocked African country of Eswatini.
Moldova institutes a state of early alert in the natural gas sector
The Extraordinary Situations Commission in Moldova instituted a state of early alert in the natural gas sector after the Ukrainian military took control of the cross-border interconnection point at Sudja putting at risk the flow of Russian gas.
What is Ukraine’s goal in the Battle for Kursk?
Two days ago the Armed Forces of Ukraine launched a surprise attack on the Russian region of Kursk and rapidly captured an estimated 350 square kilometres of Russian territory – the biggest territorial gain of the war. Why?
The population of Azerbaijan reduced gas consumption by more than 4%
Azerbaijan's natural gas reserves at the beginning of 2024, including reserves as of early January, amounted to 21.8709 bcm.
SOFAZ's revenue from ACG and Shah Deniz fields decreases
There is something fishy about the Ukraine sanctions on Lukoil's deliveries to Hungary and Slovakia
Ukraine's recent partial restriction on the operation of the Russian Druzhba oil pipeline has sparked a big row between the war-torn country and Hungary and Slovakia who say they have been cut off from their Russian oil supplies.
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