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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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Major Uzbek gas storage expansion project linked to Russian “stoligarch” and Putin friend Timchenko
News investigation also sheds light on involvement of Uzbekistan energy tycoon Bakhtiyor Fozilov. Russia plans to up gas deliveries to Central Asian nation fivefold.
Azerbaijan eyes gas exports to Albania in 2025-26
The start of gas flow to Albania will become possible after the capacity of the Trans-Adriatic Pipeline is expanded by the end of 2025 from 10 to 11.2bn cubic metres per year, according to the ministry.
OPEC+ members roll cuts up until mid-year
The oil-producing group will maintain its current output quotas for another three months at least despite geopolitical uncertainty continuing to prop up oil prices
Kazakh court reinstates $5bn fine against Kashagan developers
The consortium developing Kazakhstan’s largest offshore oilfield, Kashagan, has had a $5bn environmental fine reinstated by an appeals court in Astana.
Fossil fuels needed "for foreseeable future", says Azeri leader
Azeri President Ilham Aliyev has said his country is committed to the energy transition, but has stressed that the world will continue to need fossil fuels for the foreseeable future.
Ukraine open to Russian gas transit until 2027
Ukraine's Gas Transmission System Operator (GTSOU) has expressed readiness to facilitate the transit of Russian gas to Europe through its territory until 2027, despite pledges from European countries to phase out such arrangements by that year.
Kazakhstan boosts oil exports by 9.6% y/y in 2023
Russia's Tula region approves small-scale LNG project
The government of Russia’s Tula region has approved the inclusion of a Novatek project to build a small-scale LNG production plant in the Uzlovaya special economic zone.
Russia enjoys 40% bump in oil and gas revenues in February
Oil and gas sales generated 40% more for Russia’s federal budget in February versus in the previous month, with proceeds coming to RUB945.6bn.
Russian gas production sees recovery this year
Russian production of natural gas, including associated petroleum gas (APG), rose in January by 6.7% year on year to 65.1bn cubic metres.
Gazprom seeks buyer for three European assets
Russia’s state-owned gas giant Gazprom has put three of its foreign assets up for auction for €344mn.
SOFAZ revenues from the sale of profitable oil and gas from ACG and Shah Deniz in January-February amounted to about $1bn
Receipts to the State Oil Fund of Azerbaijan (SOFAZ) from the sale of profitable oil from the Azeri-Chirag-Gunashli (ACG) block and profitable gas and condensate from the Shah Deniz field in January-February 2024 amounted to $940.5mn.
Turkmenistan: Kabul market
Afghanistan wants to show it is open for business and is willing to be a good neighbour. This and more in this week's Eurasianet Akhal-Teke Bulletin.
Russian utility major Mosenergo grows 9% in 2023
Turkish terminal freezes Russian oil business
Mediterranean facility Dortyol recently sprung to attention when US senators claimed “masked Russian oil” supplied via facility even ended up in US warships.
Georgia 'refused to buy' 1.1 billion cubic metres of Azerbaijani gas in favour of the EU
KazMunayGaz to drill three deep exploration wells this year in effort to revive long-term hydrocarbon potential
Azerbaijan will reduce excise taxes on imports of light distillates until the end of 2024
According to the decision of the Cabinet of Ministers, preferential rates for certain petroleum products came into force on March 1, 2024, and will be valid until December 31, 2024.
Ukrnafta transfers record-breaking $103mn dividend payment to state budget
Ukrnafta, Ukraine's largest oil producing company, has made a historic transfer of UAH3.9bn ($103mn) in dividends to the state budget as an advance payment.
Production of deep gas at the ACG block to begin in 1Q25
Production of natural gas from deep-gas formations in the Azeri-Chirag-Gunashli (ACG) field block will begin in Q1 25, according to Azerbaijani President Ilham Aliyev.
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