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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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What makes Russian gas Russian? How Azerbaijan’s gas transit through Ukraine would likely work
Likely, any Azeri gas that does flow through Ukraine after this year will be Azeri in name only, with the molecules originating in Russia.
Russia ships this year's first cargo of crude oil via the Arctic Northern Sea Route to Asia
Russia has successfully exported its first cargo of crude oil via the Arctic Northern Sea Route (NSR) to Asia, amid higher-than-expected overall seaborne exports in July.
Sakhalin-2 restarts LNG production after maintenance shutdown
The Sakhalin-2 LNG operator has successfully resumed production after a scheduled maintenance shutdown, Sakhalin Energy said on August 5.
Hungary rules out oil imports via Croatia
Hungarian Foreign Minister Peter Szijjarto on August 2 ruled out securing oil supplies from Croatia as a replacement for lost shipments from Russia’s Lukoil via Ukraine, citing high transit fees.
Novatek downsizes Murmansk LNG project
Russia’s Novatek has reportedly downsized the capacity of its planned liquefaction terminal in Murmansk amid sanctions pressure, after already scaling back the size of its Arctic LNG-2 project.
Kazakhstan fines local oil producer for environmental violations
A court in Kazakhstan has fined local oil producer Caspiy Neft KZT13.7bn for violating hazardous waste regulations.
Azerbaijan starts gas supplies to Slovenia
Azerbaijan's state-owned oil and gas producer SOCAR began gas supplies to Slovenia on August 1, as the company continues to expand its foothold in the European market.
Russian LNG exports down 6% in July
Russian LNG exports were down 5.8% year on year at 1.97mn tonnes in July, mainly as a result of scheduled repairs at Gazprom’s Sakhalin-2 and Portovaya projects.
Ukraine's gas production set to rise by up to 200mn cubic metres this year
Ukraine’s gas production could see an increase of 100 to 200mn cubic metres by the end of the year, Executive Director of the Association of Gas Production Companies.
Russia’s oil and gas revenues soared by 61.6% in 7M24 to $80bn.
Russia’s oil and gas revenues soared by 61.6% in the first seven months of the year, reaching RUB6.777 trillion ($79.98bn) compared with 4.193 trillion ($49.42bn) during the same period last year.
Austria to phase out Russian gas imports by 2027
Austria’s ruling coalition has agreed to halt imports of Russian natural gas by 2027 as part of a new security strategy, as reported by the Kurier newspaper on August 5.
Hungary reacts angrily to European Commission’s call to reduce dependency on Russian oil
Kazakhstan to temporarily reduce oil shipments via BTC pipeline due to maintenance at Tengiz
Fitch upgrades Turkmenistan IDR to ‘BB-’ on further improvement in “exceptionally strong sovereign balance sheet”
Supply gas deal with Russia a win-win, Iranian envoy says
A long-term gas deal inked between Iran and Russia in June is a “win-win,” Tehran’s ambassador to Moscow was quoted as saying.
Uzbekistan launches probe into sharp LPG price hike
EU urges Hungary and Slovakia to cut their dependency on Russian oil
Brussels says that oil supplies to the two countries are not at immediate risk from Ukraine's tightening of sanctions on Lukoil.
FSUOGM: Gasum halts Russian LNG purchases
Russia extends gasoline export ban
Russia has extended its ban on exports of gasoline until the end of October, in response to shortages and a spike in the price of the fuel.
Moldovan companies allegedly involved in Russia's oil and fuel export
Investigative organisation RISE Moldova identified several Moldovan companies that came to "play an important role in the maritime transport of Russian oil.”
Azerbaijan's major oil and gas projects report significant operational and capital expenditures in 1H24
Slovenia's Geoplin seals first natural gas supply deal with Azerbaijan's SOCAR
Slovenia's leading gas wholesaler, Geoplin, said on August 1 it has concluded its first natural gas supply agreement with Azerbaijan’s energy giant SOCAR.
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