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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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Putin plays down loss of European gas revenues
Vladimir Putin has brushed off the impact of Russia’s loss of market share in Europe over the past two years, stressing the country’s ability to find alternative markets and diversify its economy away from energy.
One of worst-ever methane leaks seen in Kazakhstan in 2023
One of the worst methane leaks that has ever been detected occurred at a remote well in Kazakhstan last year.
KMG sets up fuel trade joint venture with CNPC
Kazakhstan’s national oil champion Kazmunaigas registered a new joint venture with China’s CNPC in December last year for the domestic trading of oil and petroleum products.
Kazakhstan hikes oil exports to Europe by 19% in 2023
Kazakhstan expanded exports of oil and gas condensate to the European market, including Turkey and Israel, by 19% y/y in 2023.
Novatek reportedly restarts operations at Ust-Luga complex
Russian gas producer Novatek resumed the processing of gas condensate at its complex at Ust-Luga on the Baltic Sea coast on February 11.
Russia in talks to build oil refinery in Uganda
Uganda is in talks with Russia on the construction of an oil refinery and the advancement of its nuclear power industry.
Who produces oil and gas in Uzbekistan?
Uzbekistan is not a major exporter of energy resources, unlike neighbouring Kazakhstan and Turkmenistan, though it is home to quite substantial hydrocarbon resources.
EU bought €29bn of Russian oil and gas in 2023
Analysis finds months-long methane mega-leak in Kazakhstan
One of the worst such releases ever recorded said to have been caused when a blowout ignited a fire that burned for over six months.
Azerbaijan's gas exports surged by 660% in January 2024
According to the latest State Customs Committee data, Azerbaijan's gas exports surged by 660% in January, marking a significant increase from the same period last year.
10 countries bought oil from Azerbaijan in January 2024
Declared exports of oil from Azerbaijan in January 2024 amounted to 1.462mn tonnes, which is 34.9% lower than in January 2023, the State Customs Committee said.
AzerbaijanI gas to be piped to Hungary via Turkey, says minister
Azerbaijan supplied a record volume of gas to the EU in 2023
Profit of Russneft jumps 4-fold in 2023 ahead of Trust Bank sale
Ukrainian biomethane producers halt production amid export issues
Ukrainian biomethane producers are halting production due to unresolved export issues, with the cost of production far exceeding that of natural gas, according to industry insiders.
Kazakhstan’s TCO transports 2,000 tonnes of LPG to Finland by rail in January
Kazakhstan's Tengizchevroil (TCO) transported approximately 2,000 tonnes of liquefied petroleum gas (LPG) to Finland via rail last month, signalling the company's efforts to explore new markets, Reuters reported citing industry sources.
Azerbaijan saw a decline in oil production by 8.3% and increase in gas production by 0.6%.
Oil and condensate output in January 2024 reached 2.468mn tonnes, marking an 8.3% decrease compared to January 2023, according to the State Statistics Committee. Specifically, commercial oil and condensate production was 2.463mn tonnes.
Austria, Slovakia drop plans for Druzhba spur
Austria’s OMV and Slovak firm Transport have, to little surprise, abandoned plans for a pipeline project that would have delivered Russian crude from the Druzhba system to the Schwechat refinery outside Vienna.
Azerbaijan exported about 1.9 bcm gas from Shah Deniz in January
Exports of Azerbaijani gas from the Shah Deniz field in January 2024 amounted to 1.878 bcm, which is 0.9% lower than in January 2023, the State Statistics Committee said.
Sanctions-related issues solvable with time: interview
International sanctions have created various challenges but these problems “all have a solution” and are a “matter of time and possible discounts."
Fuels produced from Russian oil continue flowing to UK: CREA
Millions of barrels of fuel produced from Russian crude are still being imported into the UK.
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