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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 increases LNG and piped gas exports to Europe in 1H24 despite sanctions
Russia increased its exports of liquefied natural gas by 9% (or 2bn cubic metres) and piped gas by 7% in the first half of 2024 y/y, according to a report by the International Energy Agency (IEA).
Kazakhstan settles dispute with Moldovan businessman Anatol Stati that lasted more than decade
Case over oil and gas assets seized by state was fought in multiple locations around world and at one point led to civil racketeering lawsuit filed in US.
Global oil supply to continue outstripping demand in H2: IEA
Global oil demand in the second half of this year will be higher than supply, putting upward pressure on prices.
Lukoil seeks state support to build advanced refining units in Volgograd
Russia’s second-largest oil company Lukoil has proposed that the government provide measures to support the construction of advanced processing units at refineries.
The world needs $8.2 trillion in upstream gas investment to meet demand in 2050: GECF
Meeting projected global demand for natural gas in 2050 will require some $8.2 trillion in investment in exploration and production.
AIM-listed Petro Matad wants initial oil production at Mongolia Heron field by year-end
BP awards more than $300mn contract for Caspian vessel
BP has awarded a contract worth over $300mn for the operation and maintenance of a subsea construction vessel to support its operations in the Azeri zone of the Caspian Sea.
Russia's Sovcomflot suffers disruptions with LNG tanker fleet amid sanctions
The EU has placed Sovcomflot and its tankers under restrictions in its 14th package of sanctions against Russia.
Turkmenistan produces record 40.2 bcm of gas in 1H24
Turkmenistan produced a record 40.2bn cubic metres of natural gas in the first half of 2024, chairman of the State Statistics Committee Dovletgeldi Amanmuhammedov said at a Cabinet of Ministers meeting.
Azerbaijan invests heavily but sees declines in energy sector benefits
In H1 2024, Azerbaijan's energy sector showed varied results. According to the State Statistics Committee, the electricity, gas and steam production, distribution and supply sectors produced products worth AZN1.55bn, a 1.9% decrease y/y.
South Africa eyes Russian LNG
South Africa should not be “ashamed of importing gas from Russia,” the former country’s energy minister, Gwede Mantashe, told parliament in Cape Town on July 11.
Tatneft to help develop one of Azerbaijan's oldest oilfields
Russian mid-sized oil company Tatneft will take part in the development of Azerbaijan's oldest oil and gas fields, the company’s general director Nail Maganov said at a forum in Tatarstan.
Rosneft secures tax breaks at Vostok Oil
Russian national oil company Rosneft’s giant Vostok Oil megaproject will have exemptions from sweeping tax hikes approved by the country’s parliament last week.
Regional Gazprom executive detained for bribery
A deputy department head of Gazprom’s Belgorod-based gas distribution branch has been detained on suspicion of receiving a RUB27mn bribe.
Turkmenistan produces record 40.2 bcm of gas in 1H24
Afghanistan and Turkmenistan discuss TAPI
Turkmenistan details gas discovery
Russia’s Novatek seeks to gain foothold in China’s LNG market
Russian state-run LNG developer Novatek has offered part of an LNG cargo to China as its new China marketing arm pushes to break into China’s massive domestic gas market.
Bulgaria moves ahead with €400mn Gazprom lawsuit
Bulgarian state-owned gas company Bulgargaz announced the start of an arbitration process against Russian natural gas giant Gazprom, seeking compensation of €400mn for halted gas supplies in 2022.
EU sees sharp drop in gas imports in Q1
The EU saw a significant reduction in natural gas imports in the first quarter this year, with volumes decreasing by over 11% compared to the same period in 2023, while the import value dropped by more than half.
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