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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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Gazprom ready to enter talks with future US owner of Ukraine transit pipelines
Russia’s state-owned Gazprom is prepared to enter negotiations with the future owner of the pipeline network connecting Russia to Europe if the US assumes control over it.
EU imports of Russian LNG slump 35% in April
The EU’s imports of Russian LNG fell by 35% year on year during the period from April 1-23, dropping from 1.7bn cubic metres to 1.14 bcm.
Ukraine signs loan deal with EBRD for gas imports
Ukrainian Prime Minister Denys Shmyhal has signed a loan agreement with Odile Renaud-Basso, President of the EBRD, to finance the purchase of natural gas.
China re-exports record volume of LNG in April
China re-exported more than 280,000 tonnes of LNG in April, marking the highest monthly total on record.
Uzbekistan sees robust rise in coal production, declines in oil and gas output in 1Q25
Kazakhstan to build new oil-handling terminal at Caspian port
Kazakhstan is set to begin construction of a new oil-handling terminal at the Caspian Sea port of Kuryk this year, with longer-term plans to develop infrastructure for green hydrogen exports.
Chinese refineries handle record crude in March
It remains to be seen whether this reflects a genuine recovery in domestic demand.
AIM-quoted Mongolian oil company Petro Matad signs crude sales agreement with PetroChina Daqing Tamsag
AIM-quoted Mongolian oil company Petro Matad on April 28 announced the signing of an oil sales agreement for Block XX crude oil.
Russian oil major Rosneft approves final 2H24 dividend
The board of state-controlled oil giant Rosneft recommended 14.68 RUB/share final dividend for 2H24.
Ukraine faces soaring gas import costs after Russian attacks on production facilities
Ukraine’s reliance on gas imports is set to surge to $2.9bn by 2025 following a wave of Russian attacks on the country’s gas production facilities.
Naftogaz secures €410mn in financing to bolster winter gas supplies
Ukraine’s state energy company Naftogaz has secured €270mn in loan financing from the European Bank for Reconstruction and Development (EBRD) and a €140mn grant from the Norwegian government.
Albania launches gasification project in Korça with Azerbaijan's SOCAR
Albania has launched a major gasification project in the southeastern city of Korça, partnering with Azerbaijan’s state oil company SOCAR, a statement from the Ministry of Energy and Infrastructure said.
Azerbaijan’s associated gas output drops 0.3% in Q1, condensate production falls 9.2%
Azerbaijan’s associated gas output drops 0.3% in Q1, condensate production falls 9.2%
Kazakhstan lines up possible entry into international project to develop Turkmenistan’s supergiant Galkynysh gas field
Kazakhstan may join an international project to develop Turkmenistan’s supergiant Galkynysh gas field.
Iraq cancels Ukrainian firm’s contract Akkas
Russia, Uzbekistan discuss plans to double gas exports during Lavrov visit
Energy cooperation took centre-stage during Russian Foreign Minister Sergey Lavrov’s official visit to Samarkand, Uzbekistan, on April 23.
Kazakhstan continues efforts to finalise Russian gas supply agreement with Gazprom
Kazakhstan is continuing efforts to finalise a long-term natural gas supply agreement with Russia’s Gazprom, but ongoing disputes over pricing appear to have delayed a deal.
Kazakhstan will put national interests over OPEC+ oil limits, says energy minister
Comments spark fears of price wars and even of a potential de facto exit from the coalition by the Central Asian country.
Naftogaz and Poland’s ORLEN sign third LNG supply deal
Naftogaz Group and Poland’s ORLEN have signed a third contract for the supply of liquefied natural gas (LNG), adding a further 100mn cubic metres (mcm) to existing agreements
Glencore completes exit from Russian oil major Russneft
Commodities trading major Glencore has divested its stake in Russian oil company Russneft, with Dubai-based OCN International DMCC acquiring 16.33% of the company's ordinary shares.
Fluor announces completion and launch of Future Growth Project at Tengiz oil field
US engineering and construction firm Fluor Corporation has announced the successful completion and startup of the Future Growth Project (FGP) at Kazakhstan’s Tengiz oil field.
Kazakhstan to conduct exploration works at sites with estimated reserves of 500 bcm of gas
Kazakhstan to provide natural gas access to over 200,000 citizens this year
Kazakhstan plans to complete 60 gas supply projects across 71 settlements by the end of 2025, expanding access to natural gas for an additional 218,000 Kazakh citizens and bringing the total number of people with access to gas to 12.8mn.
Kazakh environmental prosecutor fines Karachaganak operator for breaching emissions limits
Karachaganak Petroleum Operating (KPO), the international consortium developing Kazakhstan’s Karachaganak oil field, has been fined nearly $1.4mn by a specialised environmental prosecutor’s office for breaching emission limits.
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