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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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US vows to maintain pressure on Russian energy sector for decades to come
The US ambition is to halve Russia’s revenues from oil and gas by the end of the decade.
TotalEnergies to share methane detection, measurement technology with SOCAR, Sonangol, Petrobras
TotalEnergies will share its AUSEA methane detection, measurement technology with SOCAR, Sonangol and Petrobras.
Rosneft ramps up output by 11% in 9M-2023
Rosneft raised its hydrocarbon production by 10.7% in the first nine months of this year to 5.5mn barrels of oil equivalent per day.
Azerbaijan begins expansion into the European gas market
Azerbaijan is actively working to carve out a greater market share for its natural gas in Europe – targeting some countries that once relied heavily on Russian gas.
COP28: Major oil companies pledge to cut methane emissions
About half of the world's oil firms, totalling almost 50 companies, have committed to achieving "near zero" methane emissions and discontinuing routine flaring in their operations by 2030, and achieving net zero by 2050.
Transition risks for petrostates higher than ever, says report
Petrostates are currently confronted with significant challenges arising from the ongoing energy transition. The diminishing demand for oil and gas is exerting downward pressure on commodity prices, which in turn threatens future revenue streams.
Azerbaijan builds a new oil tanker
OPEC+ extends voluntary cuts as Brazil prepares to join
The group failed to agree on an additional cut that would apply to all members, so leading producers have once again decided to cut over and above the OPEC+ quotas
Kazakhstan joins Global Methane Pledge at COP28 and promises reduction in oil output at OPEC+ meeting
FSUOGM: Turkmenistan joins Global Methane Pledge at COP28
Russian oil pipeline major Transneft grows 8% in 9M23
Russian state oil pipeline operator Transneft posted 8% year-on-year revenue growth under IFRS to RUB980bn ($11bn) in 9M23. Net income grew 47% y/y to RUB245bn.
Profit of Russia’s oil giant Rosneft tops RUB1 trillion in 9M23
Russia’s largest crude oil producer state-controlled Rosneft posted 76% year on year net IFRS profit growth to RUB1.07 trillion ($12bn) in 9M23. In 3Q23 alone net profit jumped 2.6-fold y/y to RUB419bn.
COP28: Turkmenistan joins Global Methane Pledge
Country’s president announces in Dubai that Turkmens will join world effort to seal “super-emitter” sites. Planet-heating gas pours out of remote Central Asian nation at alarming rate.
BP's long search for a new CEO continues
The search for a new CEO at BP is expected to drag on into next year, leaving one of the largest oil and gas producers in the world without a clear sense of direction.
US intends to halve the Kremlin's oil and gas revenues by the end of this decade
Top US diplomat and Assistant Secretary of State for Energy Resources Geoffrey Pyatt told the Financial Times that US intends to halve the Kremlin’s oil and gas revenues by the end of this decade, and sanctions will remain on Russia “for years."
Uzbekistan plans to triple import of Russian oil via Kazakhstan
COMMENT: China will drive a hard bargain for Russian gas
China would like more Russian gas. But it does not need it urgently, and will make Moscow pay for the privilege.
EU ports reship more than 20% of imported Russian LNG
Over one fifth of LNG imported by Europe from Russia is being transhipped to other destinations around the globe according to data from a think-tank, the Institute for Energy Economics and Financial Analysis.
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