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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Power of Siberia 2 talks reportedly in deadlock over Beijing's demands on prices, supply volumes

4 June 2024

Negotiations between China and Russia on developing a second Power of Siberia gas pipeline are in deadlock because Beijing is making demands on price and supply levels that Moscow views as unreasonable.

Arctic LNG-2 could get first Russian-built LNG carrier this year

4 June 2024

Russia’s top LNG exporter Novatek could receive at least one domestically produced Arc7 ice-breaking LNG carrier this year, helping ease its constraints with shipping capacity because of sanctions.

Rosneft profits soar on higher revenues

4 June 2024

Unlike its domestic rival Gazprom, Rosneft has low debt, strong profits and is continuing to pay dividends to the Russian state.

Argus launches price assessments for Urals delivery to China

4 June 2024

Energy and commodity price reporting agency Argus has launched new prices for Russian Urals oil that is supplied to China.

Russian gas pipeline flow rises further in May

4 June 2024

Russian pipeline gas flow to Europe rose by 7.3% month on month in May and was 39% higher than the same month last year.

EU reportedly mulls sanctions on Russian tanker insurer

4 June 2024

The European Commission is considering sanctions proposed by one member status on Russian insurance company Ingostrakh, a provider of coverage for tankers carrying Russian crude.

SOCAR Turkey denies allegations of oil sales to Israel

4 June 2024

The recent allegations against SOCAR Turkey, a subsidiary of the State Oil Company of Azerbaijan (SOCAR), regarding the sale of crude oil to Israel are unfounded and misleading, the company announced on June 3.

Russian oil pipeline operator Transneft posts $1bn profit in 1Q24

3 June 2024

Russian state pipeline operator Transneft posted IFRS revenue increase of 17% year on year to RUB369bn, with EBITDA growth of 7% y/y to RUB160bn, and net income growth of 4% to RUB92bn ($1bn).

SOCAR picks up stake in UAE concession

3 June 2024

SOCAR has been awarded a minority stake in offshore Emiratie concession

IMF: EU to completely abandon Russian energy sources by 2030

31 May 2024

The EU is set to eliminate its reliance on Russian energy sources by 2030, according to a recent report by the IMF.

MACRO ADVISORY: Moscow is playing a long gas game

30 May 2024

The Kremlin has now switched its attention to the gas market. It wants to replace the almost lost European market with new customers in Asia and to diversify the export infrastructure with both new pipeline routes and LNG.

Indian refinery Reliance Industries inks 3mn barrels of oil a month oil supply deal with Russia’s Rosneft

29 May 2024

India's Reliance Industries, the operator of the world's largest refining complex, has signed a one-year deal with Russia's Rosneft to purchase at least 3mn barrels of oil per month paid for in rubles.

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