FSUOGM - Former Soviet Union Oil & Gas

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Oil & Gas

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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.

FSUOGM is a fully digital publication and can be read via PDF, PageSuite or via our NewsBase App.

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Need more convincing?

CPC oil shipments set to rise 10% in 2024, says CEO

22 January 2024

The Caspian Pipeline Consortium network is expected to expand oil flow by 10% in 2024 to 1.4mn barrels per day.

Azerbaijan's 2023 gas export volumes soar by 40.4% despite 8.7% decline in value

22 January 2024

The export of gas volumes declared at customs from Azerbaijan in 2023 amounted to 26.623bn, which is 40.4% higher than in 2022, the State Customs Committee (SCC) said.

Greece, India, Turkey significantly increased Russian LNG imports in 2023

22 January 2024

India, Turkey and Greece significantly ramped up imports of Russian LNG imports last year.

Russia’s carbon reduction plans to cause oil production to decline in 2035-2040

19 January 2024

Russia’s Ministry of Economic Development projects that oil exports and consumption will start declining between 2035 and 2040.

Ukraine pitches gas storage use to German energy firms

19 January 2024

Ukrainian national gas company Naftogaz intends to reach new agreements with foreign traders on boosting the use of the country’s vast underground natural gas storage facilities.

Houthi rebels vow not to target Russian ships despite two accidental attacks on tankers

19 January 2024

Houthi rebels have vowed not to target Russian ships passing through the Red Sea, potentially shielding both countries from some of the fallout on international trade caused by the crisis.

Arctic LNG 2 to ship first cargo before end of January

19 January 2024

Russia’s Arctic LNG 2 project will ship its first tanker to Asia before the end of January, industry sources told Reuters on January 16.

Ukraine becomes self-sufficient in gas production for first time since independence

18 January 2024

For the first time in 20 years, Ukraine extracted more than one billion cubic metres of gas from new wells in 2023 and become self-sufficient in gas.

Key Russian refinery halves gasoline output after foreign equipment failure

17 January 2024

Lukoil’s oil refinery in Nizhny Novgorod – one of the largest plants of its kind in Russia – has halved its gasoline production following the failure of equipment supplied from the West.

Former Shell JV unit in Russia targets deeper oil layers

16 January 2024

Shell’s former main joint venture with Gazprom Neft in Western Siberia has secured rights to a new oil and gas block in the Khanty-Mansiysk region.

Sibur ramps up LPG exports from Ust-Luga ahead of sanctions

16 January 2024

Russia’s leading petrochemicals producer Sibur ramped up exports of LPG by nearly a quarter last year via the Baltic port of Ust-Luga ahead of the introduction of Western sanctions.

Disruptions at major refinery of Russian oil producer Lukoil

16 January 2024

One of Russia’s largest petrol refineries in Nizhny Novgorod NORSI of independent oil major Lukoil halved its output due to an accident, and could face difficulties recovering the production and fixing the damaged equipment due to sanctions.

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