fsuogm_digi1.png
Looking for more FSUOGM articles? Or would you like to find out more about the publication? Keep reading.
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.
Try it out?
The majority of our premium content is ONLY available to our subscribers.
If you would like to try FSU OGM we can offer you a, no obligation, free trial, giving you a chance to get to know the publication and get hooked on the quality content. No credit card required. Simply fill in the form at the bottom of this page and we will send you your first copy of FSU OGM
Need more convincing?
- Check out our client testimonial
- Read a recent issue cover to cover
- Find out more about an FSU OGM subscription
The cost of gas production at SOCAR fields in 2022 increased by 10%
The cost of gas production at the fields of SOCAR (State Oil Company of Azerbaijan) in 2022, compared to 2021, increased by 10.35% to AZN67.57 ($39.74) per 1,000 cubic metres according to the company's annual report for 2022.
Rail deliveries boost Russian oil shipments to China in December
Exports of Russian ESPO oil from the port of Kozmino rose to record-high 0.925mn barrels per day so far in December 2023, with 85% of this volume accounting for deliveries to China.
Kazakh state oil producer's subsidiary to ramp up polypropylene production to 500,000 tonnes in 2024
Azerbaijan increased gas exports by 9% in January-November
In 2023, Azerbaijan witnessed a notable increase in its natural gas production, reaching a total of 44 bcm in the January-November period and marking a 3.6% rise on the previous year, as reported by the Ministry of Energy.
COP28: vague and voluntary promises
To say that COP28 in Dubai has been eagerly awaited would be an understatement.
IMF forecasts SOFAZ assets will reach $54.5bn in 2029
Azerbaijan's income from the activities of main pipelines exceeded $1.5bn for 9 months
Azerbaijan's income from the activities of main pipelines in January-September 2023 amounted to AZN2.705bn ($1.59bn), which is 2.9% higher year on year, according to the latest governmental report.
BP spuds first well at new ACG platform
The addition of ACE, the seventh platform at ACG, will add 100,000 barrels per day of oil to the project’s production, providing a temporary bump to output levels at the now mature fields.
EU backs plan to give members right to block Russian gas imports
The European Parliament and EU member states have agreed on a European Commission proposal that would allow bloc members to prevent gas imports from Russia and Belarus.
Kazakhstan to increase tariff for Russian oil transport in 2024
Kazakhstan’s national oil transport operator KazTransOil will increase the tariff for the transit of oil from Russia to Uzbekistan and China by 21% from next year, the company said earlier this month.
One year on: laundromat countries allow Russia to dodge oil price cap sanctions
While it is clear that the sanctions have not reduced the Kremlin’s resolve for war one year on, a CREA analysis revealed that the EU oil import ban and G7 price cap have cut the country’s export earnings from oil by only 14%.
Hungary seeks more time to sell fuel produced from Russian oil
Hungary’s government intends to veto the proposed 12th package of EU sanctions against Russia if Brussels does not allow the country’s state-owned energy firm MOL to sell petroleum products produced from Russian crude to Croatia and Czechia.
SOFAZ revenues will amount to about $4.8bn in 2024
The State Oil Fund of Azerbaijan (SOFAZ) is projected to receive $4.791bn in 2024 from the sale of oil and gas under production-sharing agreements, according to the Accounts Chamber.
Russian gas giant Gazprom pledges stable dividend payments
Possible changes in the debt leverage ratios should not affect Russia’s natural giant Gazprom's management's dividend proposals, Renaissance Capital wrote citing the deputy chairman of the management board, Famil Sadygov.
EU to allow member states to block Russian gas imports
Russian Rosatom could ship first LNG on Northern Sea Route by April 2024
Russian nuclear energy agency and contractor Rostatom could send icebreakers to escort liquefied natural gas tankers of gas major Novatek on the Northern Sea Route (NSR) to the Asian market between January and April 2023.
SOFAZ revenues from the sale of profitable oil and gas exceeded $7.6bn for past 11 months
Receipts to the State Oil Fund of Azerbaijan (SOFAZ) from profitable oil and gas sales from the Azeri-Chirag-Gunashli (ACG) block and the Shah Deniz field from January-November 2023 totalled $7.66bn.
Kazakhstan reportedly planning to raise exports of KEBCO oil via Russia by 14% m/m in December
Chevron announces $16bn 2024 capex budget
Chevron has announced a capital expenditure range of $15.5 to $16.5bn for consolidated subsidiaries, and an affiliate capex budget of around $3bn for 2024, an increase of 11% compared with 2023.
Ukrnafta drills new well in Western Ukraine
PJSC Ukrnafta, Ukraine's leading oil producer, has drilled a new high-yield directional well in Western Ukraine.
Iran's call at Caspian nations meeting for end to Israel oil supplies awkward demand for Azerbaijan, Turkey
This winter’s gas crisis in Europe is already over before it began
Europe went into this year’s heating season, which started on November 7, with its tanks full to bursting; the EU gas storage tanks were close to 100% full as the weather turned cold.
COP28 leader defends controversial remarks
Sultan al-Jaber, the oil executive who is leading the COP28 climate summit in Dubai, has rocked the conference with highly controversial remarks that there is “no science” that phasing out fossil fuels is necessary.
Follow us online