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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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Aliyev opens Baku Energy Week
Azerbaijani President Ilham Aliyev inaugurated the 29th International Caspian Oil & Gas Exhibition and the 12th Caspian International Power and Green Energy Exhibition as part of Baku Energy Week at the Baku Expo Centre on 5 June.
Hungary's MVM acquires stake in Shah Deniz gasfield
Acquiring a stake in this gas field "provides us with protection against significant energy price fluctuations", says Hungarian Foreign Minister Peter Szijjarto.
Hungary’s MVM Group acquires 5% stake in Shah Deniz gasfield in Azerbaijan
The 5% stake would translate into an annual supply of 1.5 bcm of natural gas for Hungary.
Azerbaijan and Kazakhstan discuss potential use of Baku-Supsa pipeline for Kazakh crude exports
Azerbaijan and UAE's Masdar sign agreements for three major renewable energy projects
During Baku Energy Week, the State Oil Company of Azerbaijan (SOCAR) and the United Arab Emirates Masdar company signed Shareholder Agreements for three renewable energy projects.
SOCAR reports 9.2 bcm of gas production at Umid field since 2012
Umid gas-condensate field, located in the Azerbaijani sector of the Caspian Sea, has produced 9.2 bcm of gas from its commissioning until 1 May, 2024.
Proposed EU sanctions on Russian LNG unlikely to affect Asian buyers
Europe’s proposed new sanctions package aimed at combatting transshipments of Russian LNG is not expected to impact Asian purchasers, European Commissioner for Energy Kadri Simson told reporters in Tokyo June 3.
Turkey, Azerbaijan agree extension to gas supply contract, strike deal on piping of Turkmen gas
Power of Siberia 2 talks reportedly in deadlock over Beijing's demands on prices, supply volumes
Negotiations between China and Russia on developing a second Power of Siberia gas pipeline are in deadlock because Beijing is making demands on price and supply levels that Moscow views as unreasonable.
Arctic LNG-2 could get first Russian-built LNG carrier this year
Russia’s top LNG exporter Novatek could receive at least one domestically produced Arc7 ice-breaking LNG carrier this year, helping ease its constraints with shipping capacity because of sanctions.
Rosneft profits soar on higher revenues
Unlike its domestic rival Gazprom, Rosneft has low debt, strong profits and is continuing to pay dividends to the Russian state.
Argus launches price assessments for Urals delivery to China
Energy and commodity price reporting agency Argus has launched new prices for Russian Urals oil that is supplied to China.
Russian gas pipeline flow rises further in May
Russian pipeline gas flow to Europe rose by 7.3% month on month in May and was 39% higher than the same month last year.
European prices spike on Norwegian outage
EU reportedly mulls sanctions on Russian tanker insurer
The European Commission is considering sanctions proposed by one member status on Russian insurance company Ingostrakh, a provider of coverage for tankers carrying Russian crude.
SOCAR Turkey denies allegations of oil sales to Israel
The recent allegations against SOCAR Turkey, a subsidiary of the State Oil Company of Azerbaijan (SOCAR), regarding the sale of crude oil to Israel are unfounded and misleading, the company announced on June 3.
BP vice president arrives in Baku
Reported China-Turkmenistan 1Q24 trade volume of $2.6bn dominated by Turkmen gas exports
Turkey’s Israel exports drop 99% amid boycott, SOCAR Türkiye hit by protests over continuing oil shipments
Russian oil pipeline operator Transneft posts $1bn profit in 1Q24
Russian state pipeline operator Transneft posted IFRS revenue increase of 17% year on year to RUB369bn, with EBITDA growth of 7% y/y to RUB160bn, and net income growth of 4% to RUB92bn ($1bn).
SOCAR picks up stake in UAE concession
SOCAR has been awarded a minority stake in offshore Emiratie concession
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