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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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Austria appoints commission to look at ending Russian gas contract
Austrian Energy Minister Leonore Gewessler has appointed a commission of experts to explore whether Austria’s OMV can get out of a long-term deal with Gazprom for Russian gas.
Germany near to deal on fate of Rosneft assets
Germany is close to a deal to decide the fate of assets belonging to Russian oil company Rosneft that the government took over two years ago in the wake of Moscow’s invasion of Ukraine.
Ukraine eyes $20bn investment to boost biogas production
Ukraine has the potential to produce up to 10bn cubic metres of biogas annually, contingent on a substantial investment of $20bn or more.
Naval blockade of Russian oil exports could escalate tensions, warns expert
A naval blockade of Russian oil exports could escalate tensions between Moscow and West and would violate peacetime international maritime law.
Nord Stream attacks planned back in 2014, claims German newspaper
The sabotage of the Nord Stream 1 and 2 pipelines in autumn 2022 was planned back in 2014, prior to Russia’s annexation of Crimea.
White House mulls measures to tackle Russian oil shadow fleet
US President Joe Biden’s Treasury Department is looking to take new steps to prevent Russia from using its so-called “dark fleet” of ageing oil tankers with opaque ownership to circumvent sanctions.
Rosneft launches digital cloud system
Russia’s largest oil producer Rosneft has launched its own digital platform, based on Russian software, that brings together its various IT services and solutions.
Ukrnafta attracts foreign interest for joint development of oil fields
Ukraine's largest oil and gas mining company, Ukrnafta, has received letters of intent from six foreign companies for the joint development of 15 out of 21 fields it proposed for investment in 2023.
Russia seeks to maintain EU gas transits via Ukraine, Kyiv opposes extension
Russia aims to continue supplying gas to the EU through Ukraine’s gas transport system after the current transit contract expires at the end of the year, Russian Deputy Prime Minister Alexander Novak announced on July 3.
Azerbaijan increases 2024 state oil fund budget
Pakistan eyes expanded economic ties with Azerbaijan, including refinery equity participation
Son of former Uzbek foreign minister snaps up filling station network
The son of a former Uzbek foreign minister acquired a network of filling stations and a small-scale oil refinery from national oil company Uzbekneftegaz.
Karachaganak group commissions new gas compressor
The international consortium operating the Karachaganak gas condensate field in northwest Kazakhstan is in the final stage of commissioning a new sour gas injection compressor that will extend the project’s production plateau.
Ukrnafta secures EBRD loan to invest $1bn in power plants
Ukrnafta, Ukraine's leading oil and gas company, will receive a loan from the European Bank for Reconstruction and Development and invest $1bn in constructing power plants as part of its transformation into a multi-energy company.
SOFAZ reports significant decline in revenues from ACG and Shah Deniz fields
The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has reported a substantial decrease in revenues from the Azeri-Chirag-Gunashli (ACG) block and the Shah Deniz field for the first half of 2024.
Turkmenistan signed a contract to supply up to 10bn cubic metres of gas per year to Iraq via Iran
Russian oil major Bashneft approves 2023 dividend
The shareholders of the Russian regional oil major Bashneft of Bashkortostan Republic approved RUB249.69 per ordinary and preferred share dividends for 2023.
Russian oil major Gazprom Neft approves 2023 dividend
The shareholders of Russian oil major Gazprom Neft approved a final dividend of RUB19.49 per share for 2023, making a total dividend of RUB102.43 per share for 2023.
Finding foreign Vostok Oil partners may be a challenge
Rosneft is sitting on a huge oil resource that can provide low-cost crude in ample quantities. But it will be a challenge securing any international support to fully capitalise on that resource.
Iran, Turkmenistan, Iraq sign gas swap deal
Iran, Turkmenistan and Iraq have signed a gas swap deal for up to 10bn cubic metres annually.
Armenia sees significant annual increase in petrol and diesel prices
Armenia's gasoline prices increased by 25.7% in June 2024 compared to June 2023, while diesel fuel prices saw a 16.5% increase, according to the National Statistical Committee of Armenia.
Russia makes inroads in Vietnam
Russia’s Zarubezhneft and Novatek are set to expand their positions in Vietnam, after agreements reached during a visit to the southeast Asian country by Russian President Vladimir Putin last month.
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