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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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Slovakia signs memoranda with Ukraine as Russian gas transit deal is nearing expiry
In the summer, Fico threatened to stop sending diesel fuel to Ukraine in response to the halting of Lukoil’s crude oil transit through Ukraine following Kyiv’s tightening of sanctions on the Russian oil giant.
Hurdles mount as Russia races against time at sanctioned Arctic LNG 2 facility
Russia’s Arctic LNG 2 facility located in Sabetta, northwest Siberia, finds itself in a race against time to sell LNG cargoes before winter arrives and routes become untraversable without ice breakers.
Ukraine not renewing gas transit agreement with Russia, says PM Shmygal
Ukraine will not renew its gas transit agreement with Russia when the current contract expires at the end of this year, Ukrainian Prime Minister Denis Shmygal announced.
Europe gas storage sites near full capacity
The EU’s natural gas storage facilities are nearly filled to the brim, well ahead of the official start of the winter heating season on November 1.
Azerbaijan’s oil and gas revenues from ACG and Shah Deniz fields decline in 2024
In the period from January to September 2024, the State Oil Fund of Azerbaijan (SOFAZ) earned $4.6bn from the Azeri-Chirag-Guneshli (ACG) oil fields, representing a 12% decrease year on year from $5.23bn.
Tajikistan and Russia reportedly looking at possible joint development of oil and gas fields
M25 gas leak one of worst man-made disasters in Uzbekistan's history
The hydrogen sulphide gas leak at the 25 Years of Independence gas field in September was one of the biggest man-made disasters in Uzbekistan’s history, according to the country's energy minister.
Russian oilfield services firm eyes Central Asian expansion
Russian oilfield services provider BurService is preparing to expand its international operations, with plans to enter the markets of Kazakhstan and Uzbekistan in the near term.
Russia's Rostec develops infrared camera to detect methane emissions
Rostec announced on October 4 it had developed a new infrared camera capable of detecting methane leaks in natural gas pipelines.
Russia sues Shell for damages
Russia's Prosecutor General has filed suit against a number of subsidiaries of Shell at a Moscow court, seeking to recover damages connected with the UK major’s operations in Russia.
Lukoil, Norilsk Nickel expand upstream joint venture
Tatneft launches CO2 injection in Tatarstan
Tatneft has become the first company in Russia to inject large volumes of CO2 into a well with a high water cut for storage.
Azerbaijan to expand gas exports and green energy collaboration with Italy
Azerbaijan expects to export 9.6 bcm of gas to Italy this year, as stated by Energy Minister Parviz Shahbazov during a meeting with Italy’s Minister of Environment and Energy Security, Gilberto Pichetto Fratin, in Brazil.
Gazprom tops Russia’s most unprofitable companies in 2023
Formerly Russia’s largest taxpayer, natural gas giant Gazprom topped Forbes' ranking of Russia's most unprofitable companies for 2023. This is the gas monopoly's first loss-making year in 25 years.
Europe is trying to reduce its dependence on Russia, but imports of gas and fertiliser on the rise in 8M24
Europe is trying to reduce its dependence on Russian inputs, but imports of piped gas, LNG and fertilisers have ballooned in the first eight months of this year.
Former Italian PM sets out gas policy recommendations to bolster EU competitiveness
Italy’s former prime minister Mario Draghi has called on the EU to move away from short-term spot price-based gas purchases and strike longer-term contracts with suppliers in order to improve the bloc’s economic competitiveness.
Kazakhstan’s oil output up by 10% m/m in September
Petrol prices in Armenia remained unchanged in September, while diesel fuel fell by 1.5%.
Gasoline prices in Armenia in September 2024 remained unchanged compared to September 2023, while diesel fuel prices decreased by 1.5%. This is shown by the data of the report of the National Statistical Committee of Armenia.
Oil prices jump 5% after Biden comments on potential Israel-Iran escalation
Crude oil prices surged 5% on October 3 after President Joe Biden said the United States was "discussing" the possibility of Israel striking Iran's oil industry.
Is Russia’s shadow tanker fleet really circumnavigating oil sanctions?
Few of the oil tankers that serve in Russia’s shadow fleet are dedicated to just delivering Russian oil to customers, and the handful of oil spills that have happened in the last decade have involved ships much younger than those Russia prefers.
Kazakhstan eyes higher gas exports to China
Kazakhstan wants to boost gas production, but in the nearer term, imports from Russia could help support greater exports to China.
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