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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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Kazakhstan sees 5.5-fold surge in oil exports via Baku-Tbilisi-Ceyhan pipeline in 2023
Disruptions at major refinery of Russian oil producer Lukoil
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.
Russian fuel exports to Central Asia, Afghanistan and Mongolia estimated to have grown 28% in 2023
FSUOGM: Russian Sakhalin-1 faces difficulties with oil shipments
Kazakhstan exports 993,000 tonnes of oil to Germany in 2023
Russian oil and gas revenues dip by quarter in 2023
Russian oil and gas budgetary revenues dropped 24% year on year to RUB8.82 trillion ($99bn) in 2023, as a result of weaker oil and gas prices and reduced gas flow to Europe.
Russian court bans Naftogaz's arbitration against Gazprom
A court in Russia on January 12 banned Ukraine’s state-owned gas company Naftogaz from proceeding with an international arbitration case against its Russian counterpart Gazprom.
Kazakh oil production climbs 7% in 2023
Oil and gas condensate production in Kazakhstan rose by 7% last year, arriving at almost 90mn tonnes, or 1.8mn barrels per day.
Australia’s Jupiter Energy shares findings on reserves at three Kazakhstan oil fields
Lukoil subsidiary closes its office in Azerbaijan
Azerbaijan in 2023 reduced oil production by 7.4%, gas by 3%
In 2023 Azerbaijan's oil production with condensate decreased by 7.4% to 30.2mn tonnes compared to the previous year, as per the Ministry of Energy's operational data.
Russian oil, gas revenues rebounded to pre-war level in 2023, claims government
Russian budget revenues from oil and gas recovered last year to the same level they had been at in 2021, prior to the war in Ukraine, at least according to an expectation made by Deputy Prime Minister Alexander Novak on December 28.
Turkmenistan-Azerbaijan dispute blamed for halt in gas imports to Iran
Iranian Deputy Oil Minister Majid Chegeni said Iran’s gas imports from Turkmenistan were cut off due to a disagreement between the Central Asian nation and Azerbaijan.
SOFAZ has received the 7th tranche of the bonus under the new contract for the development of the ACG block
The State Oil Fund of Azerbaijan (SOFAZ) received the seventh tranche of a bonus of $450mn as part of a new contract for the development of the Azeri-Chirag-Gunashli (ACG) field block until 2050, the fund said.
Aliyev announces major energy initiatives for 2024
Azerbaijan's President Ilham Aliyev has outlined a series of ambitious initiatives for the nation's energy sector in 2024, focusing on enhancing gas production and reinforcing the country's role in the European energy market.
What will Azerbaijan do without Turkmen gas in 2024?
Azerbaijan may no longer require gas imports from Turkmenistan in 2024 if the current swap agreement through Iran is not renewed.
Russian Sakhalin-1 faces difficulties with oil shipments
The Russian Sakhalin-1 oil extraction project has not resolved the problems with shipments of Sokol blend oil since November 2023. Loaded tankers with Sakhalin oil are standing idle and waiting for further orders from the sellers.
Russian oil drilling activity record-high in 2023
In 11M23, Russia drilled oil production wells with a total depth of 28,100km, according to industry data reported by Bloomberg, which would put drilling activity on track to beat last year’s post-Soviet record.
Turkmenistan: Swap stop
Gas swap deal with Azerbaijan, Iran suspended amid talks. Weaponising unemployment. Arkadag goes to Abu Dhabi. And more in this week's Eurasianet Akhal-Teke Bulletin.
Ukraine extracts more than 1bcm of gas for the first time in 20 years
Ukraine extracted more than one billion cubic metres of gas from new wells in 2023 for the first time in two decades, the state gas mining company UkrGasVydobuvannya said on January 9.
Germany’s power consumption falls to the 1990 level as industry withers
Germany’s deindustrialisation is gathering pace as the boomerang effects of the extreme sanction on Russia bounce back and affect the Germany economy more than any other in Europe, according to a note by Oxford Economics released on January 9.
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