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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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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.
European gas demand to contract by 37.5% by 2050: GECF
Europe’s energy system will undergo a radical energy transformation, with natural gas demand contracting by 37.5% between now and 2050, the Gas Countries Exporting Forum has said in its latest outlook report.
China set to get record volume of Russian oil in March
China is expected to receive a record volume of Russian oil this month, on the back of increased volumes of Sokoil oil produced in the Far East that India has stopped buying because of US sanctions concerns.
Dubai bank shuts Russian oil trader accounts as US sanctions pressure builds
Dubai’s largest state-owned bank has shut down accounts held by traders of Russian oil.
Europe needs to expand gas infrastructure to end Russian imports, CERAWeek execs say
Europe will need to further expand its natural gas infrastructure to eliminate Russian gas imports.
Saneg gives Uzbekistan's mature oilfields a second life
Saneg, the private company tasked with giving Uzbekistan’s mature oilfields a second life, aims to ramp up oil production by 30% this year to 730,000 tonnes (14,700 bpd), its CEO Tulkin Yusupov said in a presentation in Tashkent last week.
Ukraine keeps gas storage tariffs unchanged until 2025, aims to attract Western traders
Ukraine has announced that it will maintain its gas storage tariffs at attractive and competitive levels until April 1, 2025 as part of efforts to bolster its position as a preferred destination for underground gas storage.
Tatneft revenue up 11.3% in 2023 to $17.3bn
Azerbaijan sees 11.2% decline in oil exports and 13.1% drop in revenue in early 2024
Exports of declared oil from Azerbaijan in January-February 2024 amounted to 4.595mn tonnes, which is 11.2% lower than the figure for January-February 2023, the State Customs Committee (SCC) said.
Azerbaijan's gas exports surge to 3.95 bcm in early 2024; EU imports up 9.4%
In the initial months of 2024, Azerbaijan experienced a remarkable 230% growth in gas exports. According to the State Customs Committee, gas exports soared to 3.95 bcm, up from the comparative period in 2023, comprising 30.54% of Azerbaijan's total.
Azerbaijan increased production of petrol by 14.8% and diesel by 7.8% in January-February
Net profit at KazMunayGas drops 30% in 2023
An FT Investigation shows that insurance policies for Russia’s shadow fleet of tankers have a sanctions get-out clause
Russian oil tankers in the extensive shadow fleet are reportedly bypassing Western sanctions by using questionable insurance coverage, according to leaked documents seen by the Financial Times, the paper reported on March 15.
India's reduced Russian crude imports signal shifting energy alliances
Amid escalating Western sanctions, India scaled back its procurement of Russian crude in February, exacerbating trade strains between the two nations.
Ukraine strikes Russian refineries in major assault, fuel prices surge
According to the SBU, on the night of March 13, coordinated drone strikes hit three major Russian oil refineries located in Ryazan, Kstovo (Nizhny Novgorod region).
US produced more oil in 2023 than any country for sixth consecutive year
The US produced more oil than any country at any time for the past six years in a row, according to the US Energy Information Administration.
South Korea makes big reduction in Russian fossil fuel imports
South Korea has made significant progress in reducing its energy dependence on Russia since the start of the Ukraine war, according to a report published recently in the Asia-Pacific journal The Diplomat.
Russian oil refineries set ablaze in second day of Ukrainian attacks
Relentless attacks on Russian refineries have led to widespread disruptions in the nation's energy supply chain.
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