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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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Russia firming plans for carbon taxes on industry
Moldovagaz proposes lower natural gas prices
KazTransOil says cost of transiting Russian oil to China to remain unchanged until 2034
Kazakhstan to boost transit of Russian oil to Uzbekistan in 2024
KazTransOil, the state-run oil pipeline operator of Kazakhstan, intends to increase the transit of Russian oil to Uzbekistan to 550,000 tonnes in 2024, from a previously planned 500,000 tonnes.
Ukraine denies Fico’s claims it could prolong Russian gas transit
“The stance of the Ukrainian side is straightforward: the transit contract will expire at the end of this year,” says Ukrainian government.
Construction of Power of Siberia 2 gas pipeline faces delays as Chinese enthusiasm wanes
Russia’s Power of Siberia 2 (POS2) gas pipeline to China will face construction delays.
Russia’s oil industry is threatened by Ukrainian drones, Western sanctions
Russian oil refineries are not normally newsmakers, but they have found themselves on the front page recently as Ukraine’s new long-range drones have brought some of Russia’s oil infrastructure within striking distance.
Ukraine’s national oil company Ukrnafta to construct 30 new wells in 2024
Ukrnafta, Ukraine's leading oil company, has unveiled plans to build 30 new wells across the eastern and western regions of the country in 2024, the company said in a press release quoting Serhiy Koretsky, the company's director.
Italy’s Eni and Kazakhstan’s KazMunayGas prepare to drill exploration well near Kashagan
Croatian Janaf and Kazakh KazMunayGas sign MoU on cooperation
Croatian crude oil transportation company Janaf has entered into a memorandum of understanding with Kazakhstan's KazMunayGas, focusing on potential collaboration in oil transportation and storage of oil and oil derivatives.
Ukraine won't renew its Russian natural gas transit deal at the end of this year
Ukraine has decided not to renew its contract for the transit of Russian natural gas to Europe after the deal signed in December 1999 expires at the end of this year, the Cabinet of Ministers' press service told Interfax-Ukraine on January 25.
Condor to construct Kazakhstan’s first modular LNG facility
Georgia's gas imports from Russia up by 16.5% in 2023
Azerbaijan's oil is in decline, but gas is growing
Azerbaijan has established itself as one of the key players in the European energy sector, particularly in the context of oil and gas production and export.
Latvian government urges businesses to phase out Russian LPG imports
The Latvian government called on local companies to end Russian liquid petroleum gas imports as soon as possible and to adapt in time to the expected sanctions, Prime Minister Evika Silina (New Unity) said on January 22.
BP began a five-year 4D seismic programme at ACG worth $370mn
According to the company, the 4D seismic exploration programme is aimed at studying the Balakhany and Fasilya productive formations in the ACG block. It will cover an area of 740 square km under the seismic source.
Russia becomes China’s largest supplier of oil in 2023
China imported a record 107mn tonnes of crude from Russia in 2023, almost 25% more year on year.
Lukoil’s refinery accident cuts Russian downstream output
The accident at the NORSI refinery of Russia’s second-largest oil producer Lukoil has cut Russia’s processing of crude oil by about 11,000 barrels per day to 5.5mn bpd from January 11 to 17.
Russia mulls gasoline ban as fuel market volatility continues
A recent emergency shutdown at Lukoil’s oil refinery in Nizhny Novgorod has the Russian government once more considering a potential ban on gasoline exports.
Ukraine’s new long-range drones threaten Russia’s northern oil and gas facilities
Ukraine’s new long-range drones threaten Russia’s oil and gas facilities Ukraine has developed new long-range drones that can attack targets deep in Russian territory and are threatening both its oil and gas facilities near St Petersburg.
Fire breaks out at key Novatek complex after reported drone strike
A fire has erupted at Novatek’s Ust-Luga gas condensate complex and terminal on Russia’s Baltic Sea coast.
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