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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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Azerbaijan's energy sector sees decline in production, rise in investments in early 2024
In January-May 2024, the production and services in Azerbaijan's electricity, gas and steam generation, distribution and supply sector amounted to AZN1.3313bn, reflecting a 4.1% decrease compared to the same period in 2023.
No major energy deals from SPIEF 2024
US firm signs landmark LNG deal with Ukraine
US energy company Venture Global has signed a groundbreaking deal to supply liquefied natural gas to Ukraine.
Gazprom expects launch of Ust-Luga gas processing complex in Q3
Russia anticipates first deliveries from a complex that will process ethane-containing gas in the Baltic port of Ust-Luga in the third quarter of this year, its operator Gazprom reported on June 14.
Uniper ends Gazprom contracts after Stockholm court win
German energy group Uniper has terminated its long-term contracts with Russia’s Gazprom Export for gas supply, after the arbitration tribunal in Stockholm earlier this month granted it the right to do so.
Rosneftegaz becomes second biggest dividend contributor to budget in 2022
Russia’s state holding company Rosneftegaz, which manages government stakes in several major energy companies, became the second-largest dividend contributor to the federal budget in 2022.
FSUOGM: Sechin rails against energy transition
Germany prevents EU deal on Russian LNG sanctions
As part of the planned 14th package of sanctions against Russia, there is a proposal to prevent EU countries from providing transshipment services for Russian LNG.
Russia considers another ban on diesel exports
Russia’s government is considering reintroducing a temporary ban on diesel exports because of insufficient supply on the domestic market.
EU spent $630bn on non-Russian gas in 2021-23: Sechin
The EU spent over $630bn on natural gas imports from countries other than Russia between 2021 and 2023.
CPC's oil exports move up 2% y/y in Jan-May
SOCAR and Baker Hughes sign cooperation agreement
According to the document signed by SOCAR head Rovshan Najaf and Baker Hughes President and CEO Lorenzo Simonelli, assembly, repair and maintenance of centrifugal electric submersible pumps will be carried out in Azerbaijan.
EIA tweaks 2025 Kazakhstan oil output forecast
Court lets German Uniper pull out of long-term Gazprom contracts
Upon the decision of the Stockholm Court of Arbitration German energy major Uniper announced the cancellation of all long-term supplies contracts with Russian energy major Gazprom and its subsidiary Gazprom Export.
Azerbaijan reports significant increases in oil refining and gas production for early 2024
In January-March 2024, Azerbaijan refined nearly 2.7mn tonnes of oil, an 8% increase compared to the same period last year, according to the Ministry of Energy.
India’s oil imports from Russia rise m/m as oil minister confirms state-owned BPCL open to tie-up with Moscow
India ramped up its oil imports from Russia to 41% in April 2024, up from 34% in March 2024, as per the June 2024 OPEC report.
Finland seeks EU vessel to handle potential Russian dark fleet oil spills
Finland has urged the EU to invest in a standby response vessel to deal with potential oil spills in the Gulf of Finland that could be caused by Russia’s so-called dark fleet of tankers.
PODCAST: Emerging Global with Bruce Pannier on Turkmenistan's troubles
A country with the fourth largest gas reserves in the world is struggling to sell its natural bounty. Daniel Rad interviewed regional expert Bruce Pannier on its plight.
FSUOGM: Power of Siberia 2 talks reportedly in deadlock over Beijing's demands on prices, supply volumes
Sechin rails against energy transition, calls for Russian policy changes
Renewable energy sources cannot provide energy security, Rosneft CEO Igor Sechin said in a speech at the St Petersburg International Economic Forum (SPIEF) on June 8, urging policy makers to revise energy transition strategies.
European gas market remains exposed to gas supply shocks
A recent unplanned outage in Norway has highlighted how the European gas market remains exposed to supply shocks despite high levels of storage.
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