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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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Turkmenistan signed a contract to supply up to 10bn cubic metres of gas per year to Iraq via Iran
Russian oil major Bashneft approves 2023 dividend
The shareholders of the Russian regional oil major Bashneft of Bashkortostan Republic approved RUB249.69 per ordinary and preferred share dividends for 2023.
Russian oil major Gazprom Neft approves 2023 dividend
The shareholders of Russian oil major Gazprom Neft approved a final dividend of RUB19.49 per share for 2023, making a total dividend of RUB102.43 per share for 2023.
Finding foreign Vostok Oil partners may be a challenge
Rosneft is sitting on a huge oil resource that can provide low-cost crude in ample quantities. But it will be a challenge securing any international support to fully capitalise on that resource.
Iran, Turkmenistan, Iraq sign gas swap deal
Iran, Turkmenistan and Iraq have signed a gas swap deal for up to 10bn cubic metres annually.
Armenia sees significant annual increase in petrol and diesel prices
Armenia's gasoline prices increased by 25.7% in June 2024 compared to June 2023, while diesel fuel prices saw a 16.5% increase, according to the National Statistical Committee of Armenia.
Russia makes inroads in Vietnam
Russia’s Zarubezhneft and Novatek are set to expand their positions in Vietnam, after agreements reached during a visit to the southeast Asian country by Russian President Vladimir Putin last month.
Russia to allow gasoline exports for another month
Russia will continue permitting refiners to export gasoline for another month, as the domestic market is well-stocked with supply, the government stated in a decree on June 29.
Gazprom to launch Far East gas supplies to China by 2027, says CEO
Gazprom will commence pipeline gas supplies to China via a planned Far Eastern route in 2027.
Azerbaijani and Italian energy ministers meet
Chevron to help hunt for gas in Kazakhstan
Astana is eager to boost gas development to provide more settlements with the fuel in order to expand energy access and reduce its reliance on coal and other dirtier fuels.
Transneft files claim against Rosneft over 2021 oil contamination
Russian state oil pipeline operator Transneft filed for RUB3.4bn in a fresh claim against Russian oil producer Rosneft in June and they may be related to the contamination of oil with organic chlorides.
Europe boosts Russian pipe gas supplies by 27% in H1 2024
Europe increased Russian pipeline gas purchases by 27% year on year in the first six months of 2024.
Russia said to form LNG tanker shadow fleet
Facing mounting sanctions for its liquefied natural gas industry, Russia is believed to be building up a shadow fleet of tankers for LNG transportation.
Russian oil major Rosneft approves 2023 dividend
Russian oil refining to recover in summer 2024
Russian oil refining in July-August 2024 could increase to record levels of 5.6mn-5.7mn bpd, according to the Kpler report cited by Kommersant daily, recovering from the drop in the downstream segment seen since the beginning of the year.
Azerbaijan's energy minister reveals COP29 strategy at Milan congress
Minister of Energy Parviz Shahbazov delivered a keynote speech on Azerbaijan's national energy strategy ahead of COP29 at the ministers' panel held within the framework of the Green Energy Transition Congress in Milan, Italy on July 1.
Western journalists reportedly barred from attending Baku Energy Week
Earlier in June, several Western journalists were denied entry to an energy conference in Azerbaijan, sparking renewed concerns over the country’s media suppression ahead of the UN climate talks in Baku in November 2024.
Azerbaijan increases fuel prices
KSE: Assessing Russia`s shadow fleet
Russia’s shadow fleet currently consists of 435 tankers and aims to circumvent sanctions on Russian oil, specifically the G7/EU price cap.
Gazprom won’t pay dividends following heavy loses in 2023
Russia’s natural gas giant Gazprom has decided against paying dividends for 2023, following heavy losses in 2023, the company’s shareholders decided at its annual meeting on June 28.
Russian oil pipeline operator Transneft to pay 2023 dividend
The board of Russian state oil pipeline operator Transneft recommended paying a dividend of RUB177.2 per share for 2023, which corresponds to the previous Russian government directive to pay a total dividend of RUB128.5bn ($1.5bn).
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