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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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Ukrnafta reports increase in oil and gas production
Ukrnafta, Ukraine's largest oil and gas producer, announced on March 26 that it had achieved a notable increase in production for the month of February 2024 compared to the same period last year.
Uzbekistan MTO: plastics in the steppe
Russia, Ukraine trade attacks on energy infrastructure
While Russia launches missile after missile at Ukrainian energy infrastructure, Ukraine is maintaining its drone campaign against Russian refineries.
Azerbaijan aims to speed up implementation of past goals at COP29
Azerbaijan, as the host of the upcoming UN COP29 climate summit, wants to focus on speeding up the implementation of goals set at the previous COP28 event in Dubai.
Kazakhstan presses on with gas transit capacity expansion
Kazakhstan’s state-owned gas pipeline operator Qazaqgas plans to speed up work on upgrading infrastructure to support increased Russian gas transit to neighbouring countries in Central Asia.
Kazakhstan denies plans to privatise oil refineries
Kazakhstan’s national oil company Kazmunaygas has denied reports that it is considering the privatisation of two of its oil refineries.
Russian gas demand to grow 4% by 2030: Gazprom
Russian domestic natural gas demand will expand by around 20bn cubic metres by 2030, or by around 4%, national gas supplier Gazprom has estimated, as a result of the country’s ongoing gasification programme to bring gas supply to more settlements.
Russia now sells fourth-fifths of oil, gas in rubles, yuan, says Novak
Russia is now selling around 40% of its oil and gas in rubles and another 40% in Chinese yuan.
Schlumberger has no plan to exit Russia
US oilfield services giant Schlumberger has no plans to leave Russia, despite its two main rivals Baker Hughes and Halliburton selling their businesses there.
World’s biggest oilfield services company SLB has no plans to leave Russia
SLB, the world's largest oilfield services company, has has no immediate plans to exit Russia, despite growing international pressure to cut off the flow of petrodollars that could potentially support the Kremlin's war in Ukraine.
India halts Russian oil imports on board Sovcomflot tankers
India has halted all imports of Russian oil loaded on tankers owned by Sovcomflot in response to expanding US sanctions pressure, as Washington focuses on targeting physical transports of Russian energy exports so as to curb the country's revenues.
Uzbek oil company Saneg squeezes the last drop of oil from the tube
In 2019 the Cabinet of Ministers set up the company Saneg and transferred the ownership of 103 depleted oil fields to see if the company can squeeze a little more oil out of them, as Uzbekistan has an oil deficit and wants to reduce imports.
ASX-listed TMK Energy conducts $4mn capital raise for Gurvantes XXXV coal seam gas project in Mongolia
ASX-listed TMK Energy has conducted a successful $4mn capital raise to secure proceeds for the acceleration of commercial gas flows through the drilling of additional infill production wells at the Gurvantes XXXV coal seam gas project.
Ukraine’s power infrastructure in danger from Russian missile barrage
Ukraine suffered a second day of intense bombing of its power stations, plunging half a dozen regions into darkness, as the Kremlin tries to take advantage of Kyiv’s dwindling supply of air defence ammo.
Russian diesel exports up by a fifth to 978,000 tonnes
Russian exports of gas oils and diesel fuel increased by 22% in the week of March 11-17, reaching 978,000 tonnes, as reported by enkorr, citing data from the A-95 Consulting Group.
Methane emissions from the energy sector increased in 2023
The International Energy Agency estimates that in 2023, nearly 120mn tonnes of methane emissions stemmed from the production and utilisation of fossil fuels, slightly higher than in 2022.
GECF strikes bullish tone on gas demand growth
The Gas Exporting Countries’ Forum (GECF) has come out with a bullish prediction that consumption of the fuel will surge by 34% by the middle of the century.
Kazakhstan to work with Qatar on gasification projects
Kazakhstan is interested in teaming up with Qatar to construct pipelines to ship gas from the western part of the Central Asian country to domestic users, said Meirbek Ikhsanov, the first deputy chairman of national oil company QazaqGaz.
SOCAR's total investments in Turkish Petkim petrochemical complex amounted to $1.7bn
SOCAR Turkey Enerji has invested $1.7bn in the development of the Turkish petrochemical complex Petkim Petrokimya Holding, Elchin Ibadov, General Director of SOCAR Turkiye Enerji (SOCAR’s Turkish subsidiary) said in an interview.
Eurasian gas output to climb 40% by 2050: GECF
The Eurasian region will see a near 40% growth in natural gas production to 1.15 trillion cubic metres by 2050, the Gas Countries Exporting Forum has said in its outlook report.
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