FSUOGM - Former Soviet Union Oil & Gas

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Oil & Gas

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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.

FSUOGM is a fully digital publication and can be read via PDF, PageSuite or via our NewsBase App.

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Need more convincing?

India likely to buy more Russian oil despite lowering discount

23 May 2024

India’s reliance on crude oil imports is poised to increase further in 2024, after hitting a new high of 87.8%, driven by surging demand for petroleum products amid stagnant domestic production

OMV warns Russia could cut off its gas supply

22 May 2024

Austrian oil and gas company OMV warned on May 22 that gas supply from Russia’s Gazprom could be halted in relation with a foreign court ruling, without identifying the case.

Uzbekistan's Saneg begins large-scale methane reduction project

22 May 2024

Uzbek oil and gas company JV Sanoat Energetika Guruhi LLC (Saneg) said on May 20 it had become the first company in Central Asia to register a methane emissions reduction project.

In April, India imports highest volume of Russian oil in nine months

22 May 2024

India’s Russian oil imports surged to a nine-month peak in April 2024, driven by the resumption of shipments on non-sanctioned tankers operated by Russia's largest shipping company, Sovcomflot

Russian seaborne oil export revenues up 7% in April

21 May 2024

Russia’s export revenues from seaborne crude oil rose 7% month on month in April to €268mn per day, according to the CREA.

India's Russian oil imports hit record in April

21 May 2024

India’s Russian oil imports rose to their highest level in nine months in April, following the resumption of shipments on board non-sanctioned tankers operated by Russia’s state-owned shipowner Sovcomflot.

Krasnodar refinery shuts down after drone strike

21 May 2024

An oil refinery in Russia’s southern Krasnodar region suspended operations on May 19 following a Ukrainian drone strike.

Russia says Power of Siberia 2 deal with China will be signed "in near future"

21 May 2024

Russia and China anticipate signing a contract “in the near future” on gas supplies via the planned Power of Siberia 2 pipeline, Russian Deputy Prime Minister Alexander Novak was quoted as saying.

Russia lifts temporary ban on gasoline exports

21 May 2024

Russia’s government has suspended its temporary ban on gasoline exports until June 30.

Bulgargaz files claim against Gazprom over lost gas supply

21 May 2024

Gazprom faces another compensation claim for lost gas supply from a former European customer – this time Bulgaria’s state gas company Bulgargaz.

Uzbekneftegaz could join Azerbaijan's Shah Deniz gas project

21 May 2024

Uzbekistan’s national oil company Uzbekneftegaz could take part in the development of the giant Shah Deniz gas field in Azerbaijan’s section of the Caspian Sea.

Russian Gazprom cancels dividend after 2023 loss, sells property

21 May 2024

The Russian government has published a recommendation for the state gas giant Gazprom to not pay dividends for 2023.

Ukraine state companies ramp up gas and oil production

21 May 2024

Ukraine's state-owned energy companies are set to bolster gas and oil production this year, aiming to enhance the country’s energy security.

Israel's Leviathan gas field is on standby but is Bulgaria's Khan Tares next for SOCAR?

20 May 2024

Azerbaijan's national oil and gas company SOCAR is eyeing new Black Sea oil & gas projects, while the Israeli gas field is on hold for now due to the war.

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